Coins.ph will be supporting the Polygon ($MATIC) token swap and rebranding to Polygon ($POL).
In line with this, kindly be informed of the following timeline:
-
September 2, 2024, 00:00 PHT:
- MATIC network deposits, withdrawals, and spot trading will be disabled
- Transactions involving MATIC-ETH and MATIC-BSC will also be disabled.
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September 10, 2024, 10:00 PHT:
- A system-initiated 1:1 swap will occur, converting all MATIC tokens in Coins.ph accounts to the new POL token.
- MATIC conversion will be disabled and the token will be delisted.
-
September 11, 2024, 15:30 PHT:
- Deposits and conversions for $POL will be enabled.
- MATIC network deposits and withdrawals will resume (excluding $POL).
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September 13, 2024, 20:00 PHT:
- $POL spot trading will be enabled.
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September 17, 2024, 09:20 PHT:
- $POL token withdrawals enabled
Important Consideration
If you prefer not to participate in the migration:
- Withdraw MATIC tokens before September 2, 2024
- Use ETH or BSC network for withdrawals
- Any MATIC token deposits made after September 2, 2024 may result in loss of funds.
Frequently Asked Questions
Will I lose any tokens in the conversion?
No, the conversion is 1:1 - you'll receive the same number of POL tokens as your MATIC holdings.
What should I do if I miss the September 2, 2024 migration deadline?
If you miss the deadline for withdrawing your MATIC tokens, your Polygon ($MATIC) holdings will be swapped and rebranded to Polygon ($POL).
For any concern or inquiry, contact us through the Coins app or Coins Support Form.