Polygon Labs Initiates Token Swap to Enhance MATIC Tokenomics
Wednesday, 4 September 2024, 08:00
Polygon Labs Initiates Token Swap
Polygon Labs has officially begun the much-anticipated token swap from POL to MATIC. This strategic move not only paves the way for a new emission rate of 2% but also signifies a notable upgrade in tokenomics for the platform.
Impacts of the Swap on Tokenomics
The migration to MATIC aims to improve operational efficiency within the Polygon ecosystem. This upgrade aligns with the platform’s commitment to layer 2 solutions by leveraging zero-knowledge proofs and rollups.
What to Expect
- New emission rate set at 2%.
- Enhanced performance through advanced layer 2s technology.
- Improved scalability and lower transaction costs.
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