Polygon’s MATIC upgraded to POL, driving ‘hyperproductive’ token utility

According to the CEO of Polygon Labs, POL has evolved into a “hyperproductive” token, enabling the community to engage more effectively in the network’s growth.

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Polygon’s native cryptocurrency has executed a key technical upgrade aiming to enhance its utility and usher in Polygon 2.0.

Polygon’s (MATIC) token was upgraded to the new POL token on a 1:1 basis, becoming the network’s native gas and staking token as of Sept. 4, according to an announcement shared with Cointelegraph.

The upgrade will better enable the community to participate in the network’s growth, according to Marc Boiron, the CEO of Polygon Labs. Boiron told Cointelegraph in an exclusive:

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