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Coinbase has added Ethereum (EthereumLayer 2 is a native token that has not yet been launched by Polygon on its listing roadmap.
The announcement was made via social media platform X, the largest cryptocurrency exchange in the United States. He says Polygon’s POL has been placed on its listing roadmap, which the exchange created in 2022 for the purpose of transparency and preventing pre-listing of tokens.
POL is next rebrand From Polygon Maticscheduled to launch on September 4, according to Polygon Labs.
MATIC will eventually be replaced by POL as the native gas and storage token for Polygon in the initial phase of the transition. In later phases, the community will decide whether to expand the utility of POL.
The symbol was rebranded for the first time. Proposed Last July as a way to boost the network’s growth. Weeks later, Polygon Labs founder Sandeep Nilwal announced It has been explained. The proposal was part of the blockchain’s transition to Polygon 2.0.
The developers say,
“In the long term, current community consensus suggests that POL support broader roles in the Polygon Shared Hub (which will be released in 2025), including block creation, zero-knowledge proof generation, and participation in Data Availability Committees (DACs)…
the next [the proposal]“We reached a consensus that Polygon PoS staking should stake POL to earn protocol rewards and POL transaction fees. This means that every transaction made on Polygon PoS, starting 4/9, will use POL as its native gas token. This is the short-term benefit.”
Coinbase already supports trading in MATIC, which is currently priced at $0.523.
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