POL (previously known as MATIC) is the native coin of the Polygon network – a Layer 2 scaling solution designed to improve Ethereum’s speed and reduce its transaction fees. Polygon offers a faster, cheaper, and more energy-efficient way to build and use decentralized applications (dApps).
What is POL used for?
POL serves several key functions on the Polygon network:
- Paying transaction fees for transfers and smart contracts
- Staking to help secure the network
- Governance and voting on future upgrades
- Interacting with DeFi apps, NFT platforms, and more
POL is used by thousands of developers and projects thanks to its high performance and compatibility with the Ethereum ecosystem.
What makes POL (Polygon) unique?
- Built to scale Ethereum using Layer 2 infrastructure
- Extremely low fees and high transaction throughput
- Compatible with Ethereum smart contracts and tokens
- Supports multiple chains and developer tools
POL on Floin
Floin supports POL on the Polygon blockchain. You can store, send, and receive POL easily – and take advantage of one of the most widely adopted scaling solutions in the crypto world.
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