jakiro
Author: Hitesh.eth, encrypted KOL; Translation: Bit Chain Vision Xiaozou
After the MATIC is upgraded to POL, what changes have taken place in the tokens and how does it affect the future value of POL tokens?Let’s discuss this article together.
Polygon announced two main plans in the roadmap last year.The first plan is to upgrade the Polygon POS chain to the ZKEVM Validum chain to obtain higher scalability and faster final certainty, while connecting Agglayer.Another plan is to start the POL tokens through the migration of 1: 1 MATIC-POL tokens.
>
Starting from September 4, 2024, the holder can migrate their MATIC 1: 1 into a new POL tokens.CEX (centralized exchanges) such as Binance and OKX will represent users to migrate.
You only need to follow their announcements and cancel all the unreasonable orders. If you hold the MATIC, then you will receive the POL tokens.
>
Some DEX (decentralized exchanges) and DEX aggregation platforms will use their own UI to migrate to POL. You can also use the Polygon migration portal or smart contract address to complete this migration by yourself.
Interestingly, token upgrades have also brought major changes to tokens, and their design considerations also cover future roadmaps and value capture.
>
What changes have been brought?
Polygon’s MATIC tokens ended last year after the Polygon completed the inflation cycle.
We all know how difficult it is to maintain network growth without token awards, so they need to solve this problem to maintain the orderly operation of the network and maintain the enthusiasm of the verification.
Each year, 200 million New Type POL will be invested in circulation for rewards for verifications in the next 10 years. If 1 POL = $ 0.5, then the value of 200 million tokens is equivalent to $ 100 million.
This is the standard compensation they will get, but Polygon also provides some additional rewards to encourage them to play more characters to support other chains.
Polygon has established a L2 creation technology stack, and they have also established a unified liquidity layer called Agglayer, which will help L2 provide sufficient liquidity to their own ecosystem via Polygon network.
>
The idea here is very direct. As a pledker, you will entrust your rights and interests to the verified as that of the verification person.Get extra tokens in the chain.
>
Two types of rewards:
• Provide CDK chain currency rewards for pledges
• Share the cost of Agglayer with the pledged
More rewards are still preparing:
• Share sorting income
• Zero knowledge proof of benefits, etc.
This is like a validator paying the network, encouraging them to play multiple roles at different times.
>
We have discussed the foundation of new token economics.
Token demand side:
I think this is very simple -this will be a demand driven by pledge.There are only less than 33,000 people in MATIC. Due to the lack of rewards, the recent overall pledge rate has been very low.
>
The current pledge yield is about 5.65%, which is better than ETH, but it is lower than Solana and Avalanche.After POL migration and new inflation policy activation, the yield should rise to 7-8%, and as Agglayer and CDK obtain more, the yield may continue to increase.
>
In the end, the best situation is that those POL pledges began to get additional token rewards in the form of airdrops, similar to Celestia … the chance of this situation is quite high.
There are more than a dozen funds on Agglayer, and they may conduct some airdrops at the right time.
>
Such behaviors will promote the formation of FOMO and may increase the number of pledges from 33,000 to at least 100,000.Celestia has 400,000 pledges, and you can see the rise in pledge demand.
Overall, I think this is a good time for the upgrade of the MATIC token. With the overall technical deployment of Polygon, they can build more partnerships on their key infrastructure products (AggLayer) to promote the generationMore demand for coins.
