The most important point first:<\/p>\n
There\u2019s nothing of substance changing; it\u2019s simply a \u201crebranding\u201d exercise of the mainnet token of the Polygon Network, previously known as \u201cMATIC,\u201d to the more appropriate ticker name \u201cPOL.\u201d<\/p>\n
Since the Polygon Network originally started out as \u201cMatic Network,\u201d this is a long-overdue naming change that will help reduce confusion for cryptocurrency users.<\/p>\n
![\"POL](\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2024\/09\/Polygon-Network-upgrade.jpg\")
<\/p>\n
What happens to my MATIC tokens?<\/strong><\/h2>\nThere is no immediate threat to your holdings.<\/p>\n
MATIC tokens on the Polygon Network will automatically be upgraded to POL tokens.<\/p>\n
However, if you have MATIC tokens on Ethereum, you will need to convert them to POL tokens on the Polygon Network.<\/p>\n
You can convert your tokens here:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=maticerc20&settle=matic<\/a><\/strong><\/p>\nNo sign-up is required, and you can swap MATIC_ERC20 tokens for POL_Polygon tokens as needed.<\/p>\n
What are the changes to the BitcoinVN MATIC staking vault?<\/strong><\/h2>\nOnce more, no changes for you that would require immediate action.<\/p>\n
The MATIC staking vault will be renamed to the POL staking vault; otherwise, everything remains the same as you\u2019re used to from using our staking services<\/a>.<\/p>\n![\"BitcoinVN](\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2024\/09\/Polygon-Network-upgrade-02.jpg\")
<\/p>\n
To note:<\/p>\n
Participants in the Polygon (\u201cPOL\u201d) staking vault will continue to receive rewards for both tokens involved in swaps on the BitcoinVN platform, the Polygon Mainnet token (\u201cPOL\u201d) as well as the ERC20 token (\u201cMATIC\u201d).<\/p>\n
How can I secure my Polygon (POL) tokens?<\/strong><\/h2>\nAs always, the answer remains:<\/p>\n
Self-custody and never exposing your private keys to the Internet.<\/p>\n
![\"Trezor](\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2024\/09\/Polygon-Network-upgrade-1-300x293.jpg\")
<\/p>\n
To store and use Polygon Network tokens (\u201cPOL\u201d), you can use any of the following Ledger devices:<\/p>\n
\n- Ledger Nano S Plus<\/a><\/li>\n
- Ledger Nano X<\/a><\/li>\n<\/ul>\n
\u2026or the following Trezor devices:<\/p>\n
\n- Trezor One<\/a><\/li>\n
- Trezor T<\/a><\/li>\n
- Trezor Safe 3<\/a><\/li>\n<\/ul>\n
BitcoinVN Shop has been an authorized supplier of Trezor and Ledger devices in Vietnam for many years. We ship directly from our Vietnam warehouse, saving you the hassle and trouble of dealing with customs and import logistics.<\/p>\n
How can I buy Polygon (POL) tokens in Vietnam?<\/strong><\/h2>\nOf course, from your favourite cryptocurrency exchange, BitcoinVN:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=vnd&settle=matic<\/a><\/p>\nYou can also use our Cash Deposit option if you\u2019re based in Saigon.<\/p>\n
You can wire funds from any domestic bank account in Vietnam, and as long as you follow the deposit instructions, you should have the POL tokens in your wallet within a couple of minutes.<\/p>\n
What does the future hold for Polygon? Should I buy more of it?<\/strong><\/h2>\nGenerally, POL is used as a utility token on the Polygon Network with a current infinite issuance of 2% per year (allocated to validators and the \u201ccommunity treasury\u201d).<\/p>\n
However, this supply issuance schedule is based on the consensus of the relevant stakeholders of the network and therefore can undergo changes at any time.<\/p>\n
The Polygon Network has experienced a steady increase in usage over the past couple of months, particularly with USD-backed stablecoins. It has established itself as one of the most-utilized transfer networks for USDT<\/a> and USDC<\/a>.<\/p>\n![\"Polygon](\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2024\/09\/Polygon-Network-upgrade-05.jpg\")
<\/p>\n
However, keep in mind that market demand for utility does not mean something is a sound long-term store of value.<\/p>\n
Conflating one with the other has been a steady widow-maker in financial markets for a long time.<\/p>\n
If you\u2019re actively using the Polygon Network, yes, it makes sense to hold a few POL tokens to cover network usage fees.<\/p>\n
If you want to go out on the risk curve and exchange self-custody for \u201cextra yield,\u201d you can take a look at the BitcoinVN staking vault<\/a>. By providing liquidity to the platform, you can earn a share of the exchange fees generated by BitcoinVN.<\/p>\nWith that said, there are few signs indicating a trend reversal, and POL token prices tend to decline compared to Bitcoin (BTC), the benchmark of the ecosystem.<\/p>\n
![\"MATIC](\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2024\/09\/Polygon-Network-upgrade-06.jpg\")
<\/p>\n
If you wish to acquire POL without the need to sign up for an account, you can do so via the BitcoinVN instant exchange platform:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=usdtpolygon&settle=matic<\/a><\/p>\nQuestions? Comments?<\/p>\n
Reach out via our usual contact channels or join our Telegram community<\/a>.<\/p>\n\u2014<\/p>\n
No sign-up is required, and you can swap MATIC_ERC20 tokens for POL_Polygon tokens as needed.<\/p>\n
What are the changes to the BitcoinVN MATIC staking vault?<\/strong><\/h2>\nOnce more, no changes for you that would require immediate action.<\/p>\n
The MATIC staking vault will be renamed to the POL staking vault; otherwise, everything remains the same as you\u2019re used to from using our staking services<\/a>.<\/p>\n<\/p>\n
To note:<\/p>\n
Participants in the Polygon (\u201cPOL\u201d) staking vault will continue to receive rewards for both tokens involved in swaps on the BitcoinVN platform, the Polygon Mainnet token (\u201cPOL\u201d) as well as the ERC20 token (\u201cMATIC\u201d).<\/p>\n
How can I secure my Polygon (POL) tokens?<\/strong><\/h2>\nAs always, the answer remains:<\/p>\n
Self-custody and never exposing your private keys to the Internet.<\/p>\n
<\/p>\n
To store and use Polygon Network tokens (\u201cPOL\u201d), you can use any of the following Ledger devices:<\/p>\n
\n- Ledger Nano S Plus<\/a><\/li>\n
- Ledger Nano X<\/a><\/li>\n<\/ul>\n
\u2026or the following Trezor devices:<\/p>\n
\n- Trezor One<\/a><\/li>\n
- Trezor T<\/a><\/li>\n
- Trezor Safe 3<\/a><\/li>\n<\/ul>\n
BitcoinVN Shop has been an authorized supplier of Trezor and Ledger devices in Vietnam for many years. We ship directly from our Vietnam warehouse, saving you the hassle and trouble of dealing with customs and import logistics.<\/p>\n
How can I buy Polygon (POL) tokens in Vietnam?<\/strong><\/h2>\nOf course, from your favourite cryptocurrency exchange, BitcoinVN:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=vnd&settle=matic<\/a><\/p>\nYou can also use our Cash Deposit option if you\u2019re based in Saigon.<\/p>\n
You can wire funds from any domestic bank account in Vietnam, and as long as you follow the deposit instructions, you should have the POL tokens in your wallet within a couple of minutes.<\/p>\n
What does the future hold for Polygon? Should I buy more of it?<\/strong><\/h2>\nGenerally, POL is used as a utility token on the Polygon Network with a current infinite issuance of 2% per year (allocated to validators and the \u201ccommunity treasury\u201d).<\/p>\n
However, this supply issuance schedule is based on the consensus of the relevant stakeholders of the network and therefore can undergo changes at any time.<\/p>\n
The Polygon Network has experienced a steady increase in usage over the past couple of months, particularly with USD-backed stablecoins. It has established itself as one of the most-utilized transfer networks for USDT<\/a> and USDC<\/a>.<\/p>\n<\/p>\n
However, keep in mind that market demand for utility does not mean something is a sound long-term store of value.<\/p>\n
Conflating one with the other has been a steady widow-maker in financial markets for a long time.<\/p>\n
If you\u2019re actively using the Polygon Network, yes, it makes sense to hold a few POL tokens to cover network usage fees.<\/p>\n
If you want to go out on the risk curve and exchange self-custody for \u201cextra yield,\u201d you can take a look at the BitcoinVN staking vault<\/a>. By providing liquidity to the platform, you can earn a share of the exchange fees generated by BitcoinVN.<\/p>\nWith that said, there are few signs indicating a trend reversal, and POL token prices tend to decline compared to Bitcoin (BTC), the benchmark of the ecosystem.<\/p>\n
<\/p>\n
If you wish to acquire POL without the need to sign up for an account, you can do so via the BitcoinVN instant exchange platform:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=usdtpolygon&settle=matic<\/a><\/p>\nQuestions? Comments?<\/p>\n
Reach out via our usual contact channels or join our Telegram community<\/a>.<\/p>\n\u2014<\/p>\n
<\/p>\n
To note:<\/p>\n
Participants in the Polygon (\u201cPOL\u201d) staking vault will continue to receive rewards for both tokens involved in swaps on the BitcoinVN platform, the Polygon Mainnet token (\u201cPOL\u201d) as well as the ERC20 token (\u201cMATIC\u201d).<\/p>\n
How can I secure my Polygon (POL) tokens?<\/strong><\/h2>\nAs always, the answer remains:<\/p>\n
Self-custody and never exposing your private keys to the Internet.<\/p>\n
<\/p>\n
To store and use Polygon Network tokens (\u201cPOL\u201d), you can use any of the following Ledger devices:<\/p>\n
\n- Ledger Nano S Plus<\/a><\/li>\n
- Ledger Nano X<\/a><\/li>\n<\/ul>\n
\u2026or the following Trezor devices:<\/p>\n
\n- Trezor One<\/a><\/li>\n
- Trezor T<\/a><\/li>\n
- Trezor Safe 3<\/a><\/li>\n<\/ul>\n
BitcoinVN Shop has been an authorized supplier of Trezor and Ledger devices in Vietnam for many years. We ship directly from our Vietnam warehouse, saving you the hassle and trouble of dealing with customs and import logistics.<\/p>\n
How can I buy Polygon (POL) tokens in Vietnam?<\/strong><\/h2>\nOf course, from your favourite cryptocurrency exchange, BitcoinVN:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=vnd&settle=matic<\/a><\/p>\nYou can also use our Cash Deposit option if you\u2019re based in Saigon.<\/p>\n
You can wire funds from any domestic bank account in Vietnam, and as long as you follow the deposit instructions, you should have the POL tokens in your wallet within a couple of minutes.<\/p>\n
What does the future hold for Polygon? Should I buy more of it?<\/strong><\/h2>\nGenerally, POL is used as a utility token on the Polygon Network with a current infinite issuance of 2% per year (allocated to validators and the \u201ccommunity treasury\u201d).<\/p>\n
However, this supply issuance schedule is based on the consensus of the relevant stakeholders of the network and therefore can undergo changes at any time.<\/p>\n
The Polygon Network has experienced a steady increase in usage over the past couple of months, particularly with USD-backed stablecoins. It has established itself as one of the most-utilized transfer networks for USDT<\/a> and USDC<\/a>.<\/p>\n<\/p>\n
However, keep in mind that market demand for utility does not mean something is a sound long-term store of value.<\/p>\n
Conflating one with the other has been a steady widow-maker in financial markets for a long time.<\/p>\n
If you\u2019re actively using the Polygon Network, yes, it makes sense to hold a few POL tokens to cover network usage fees.<\/p>\n
If you want to go out on the risk curve and exchange self-custody for \u201cextra yield,\u201d you can take a look at the BitcoinVN staking vault<\/a>. By providing liquidity to the platform, you can earn a share of the exchange fees generated by BitcoinVN.<\/p>\nWith that said, there are few signs indicating a trend reversal, and POL token prices tend to decline compared to Bitcoin (BTC), the benchmark of the ecosystem.<\/p>\n
<\/p>\n
If you wish to acquire POL without the need to sign up for an account, you can do so via the BitcoinVN instant exchange platform:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=usdtpolygon&settle=matic<\/a><\/p>\nQuestions? Comments?<\/p>\n
Reach out via our usual contact channels or join our Telegram community<\/a>.<\/p>\n\u2014<\/p>\n
<\/p>\n\u2026or the following Trezor devices:<\/p>\n
- \n
- Trezor One<\/a><\/li>\n
- Trezor T<\/a><\/li>\n
- Trezor Safe 3<\/a><\/li>\n<\/ul>\n
BitcoinVN Shop has been an authorized supplier of Trezor and Ledger devices in Vietnam for many years. We ship directly from our Vietnam warehouse, saving you the hassle and trouble of dealing with customs and import logistics.<\/p>\n
How can I buy Polygon (POL) tokens in Vietnam?<\/strong><\/h2>\n
Of course, from your favourite cryptocurrency exchange, BitcoinVN:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=vnd&settle=matic<\/a><\/p>\n
You can also use our Cash Deposit option if you\u2019re based in Saigon.<\/p>\n
You can wire funds from any domestic bank account in Vietnam, and as long as you follow the deposit instructions, you should have the POL tokens in your wallet within a couple of minutes.<\/p>\n
What does the future hold for Polygon? Should I buy more of it?<\/strong><\/h2>\n
Generally, POL is used as a utility token on the Polygon Network with a current infinite issuance of 2% per year (allocated to validators and the \u201ccommunity treasury\u201d).<\/p>\n
However, this supply issuance schedule is based on the consensus of the relevant stakeholders of the network and therefore can undergo changes at any time.<\/p>\n
The Polygon Network has experienced a steady increase in usage over the past couple of months, particularly with USD-backed stablecoins. It has established itself as one of the most-utilized transfer networks for USDT<\/a> and USDC<\/a>.<\/p>\n
<\/p>\nHowever, keep in mind that market demand for utility does not mean something is a sound long-term store of value.<\/p>\n
Conflating one with the other has been a steady widow-maker in financial markets for a long time.<\/p>\n
If you\u2019re actively using the Polygon Network, yes, it makes sense to hold a few POL tokens to cover network usage fees.<\/p>\n
If you want to go out on the risk curve and exchange self-custody for \u201cextra yield,\u201d you can take a look at the BitcoinVN staking vault<\/a>. By providing liquidity to the platform, you can earn a share of the exchange fees generated by BitcoinVN.<\/p>\n
With that said, there are few signs indicating a trend reversal, and POL token prices tend to decline compared to Bitcoin (BTC), the benchmark of the ecosystem.<\/p>\n
<\/p>\nIf you wish to acquire POL without the need to sign up for an account, you can do so via the BitcoinVN instant exchange platform:<\/p>\n
https:\/\/bitcoinvn.io\/?deposit=usdtpolygon&settle=matic<\/a><\/p>\n
Questions? Comments?<\/p>\n
Reach out via our usual contact channels or join our Telegram community<\/a>.<\/p>\n
\u2014<\/p>\n
- Trezor T<\/a><\/li>\n