Polygon, a leading blockchain scaling platform, has unveiled its third-generation token, POL, as part of a significant upgrade to its ecosystem. The new token was launched on the Ethereum mainnet and is set to replace the existing MATIC token, following the company's roadmap. This development was managed by Polygon Labs, the entity behind the Polygon sidechain. The launch of POL plays a pivotal role in the network's broad upgrade plan. The new token will allow holders to become validators within the network across Polygon's extensive series of tech solutions. POL also facilitates users staking their holdings across compatible chains.
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