What Is Polygon (POL) Token?
Polygon (POL) represents a significant evolution in the blockchain ecosystem, emerging as the next-generation native token for the Polygon network. As a crucial component of the Polygon 2.0 vision, POL plays a pivotal role in governance, staking, and network security.
Polygon Network: The Blockchain Scaling Solution
Polygon continues to be a leading Layer-2 scaling solution for Ethereum, providing:
- Low-cost transactions
- High-speed network performance
- Enhanced scalability
- Seamless blockchain interoperability
For a step-by-step guide on how to deposit your POL token via the Polygon network, you may follow these steps:
On the Coins app
1. Open the Portfolio Tab: Launch the Coins.ph app and tap on the Portfolio tab.
2. Initiate a Withdrawal: Click on the Withdraw button.
3. Select Receive Crypto: Tap on Receive Crypto to add funds to your wallet.
4. Choose POL: Find and select POL from the list of tokens.
5. Select Polygon Network: Choose Polygon as your preferred network.
6. Copy Your Receiving Address: Copy your receiving address or scan the QR code. You will need this address to complete your deposit from another platform.
On the Coins website
1. Log into Your Account: Go to the Coins.ph website and log into your account.
2. Access Your Portfolio: Navigate to the Portfolio tab.
3. Select POL Token: Scroll down and click on the POL token.
4. Click Deposit: Click on the three-dot icon and select Deposit.
5. Choose Polygon Network: Again, select Polygon Network.
6. Copy Your Receiving Address: Copy your wallet address or scan the QR code displayed on your screen.
Frequently Asked Questions
What makes POL different from the previous MATIC token?
POL is part of Polygon's 2.0 vision, offering enhanced governance, more robust tokenomics, and a more comprehensive role in the network's ecosystem compared to MATIC.
Are there minimum deposit requirements?
Check current minimum deposit requirements on Coins.ph as these may vary based on network and token.
Can I send POL from other networks to my Polygon address?
No, you must ensure you're sending POL specifically on the Polygon network. Sending from other networks may result in lost funds.