About Polygon Ecosystem Token (POL)
What Is Polygon Ecosystem Token (POL)?
POL is the ecosystem token introduced to replace MATIC across Polygon's evolving network stack. It is used as the native gas token on Polygon PoS and supports validator rewards, staking, and broader ecosystem functions.
How Does Polygon Ecosystem Token Work and What Is POL Used For?
The migration contract converts MATIC to POL at 1:1. Polygon documents an initial POL supply of 10 billion, matching MATIC at migration. POL also has ongoing emissions. The design allocates new tokens to validator rewards and a community treasury, with parameters subject to governance and contract limits.
Polygon Ecosystem Token Security, Control and Risks
Users face migration confusion, fake contracts, governance changes, bridge exposure, validator concentration, and upgradeable-contract risk. Tokens held on exchanges may be migrated automatically, while self-custodied MATIC may require a specific official process.
Frequently Asked Questions About Polygon Ecosystem Token
Is POL the same as MATIC?
It is the successor token, convertible 1:1 through the official migration system.
Does POL have a fixed 10 billion cap?
No. Official documentation describes ongoing emissions.
What pays gas on Polygon PoS?
POL after the network migration.
Sources and Verification
Official sources
- Polygon POL documentation Active
- Migration guide Active