11
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Website
matic.network
Documentation
polygon.technologypolygon.technologypolygon.technology
Explorer
etherscan.io
Contract
Ethereum 0x7D1AfA...BB0
Audited By
Polygon Transparency Sheet
Code & Community
Investors
Coinbase Ventures ZBS Capital MiH Ventures High Naut Capital Mark Cuban

About MATIC

What is Polygon (MATIC)?

Polygon is a leading Layer-2 Ethereum scaling solution that can support smart contracts, letting developers build scalable decentralized apps. Previously Matic Network, the proof of stake network offered all the security benefits of Ethereum with the added benefit of low transaction fees.

MATIC is the native token of the Polygon ecosystem and is an ERC-20 token built on the Ethereum blockchain. It serves as the currency within the Polygon ecosystem, with users paying transaction fees in it.

As of May 2022, Polygon’s MATIC is among the top 20 cryptocurrencies by market cap. Its popularity has soared in recent months as the Layer-1 Ethereum network suffers from network congestion and high gas fees, both of which are solved by Polygon’s scalable infrastructure.

The developers of Polygon SDK are optimistic that their innovation can power the Web 3.0 revolution, offering a low-cost, scalable and highly secure platform with superior transaction speed for decentralized apps to operate on. Its compatibility with the Ethereum main chain is one of the biggest strengths Polygon has over other Web 3.0 blockchains in the market.

You can learn more about Polygon(MATIC) at our KuCoin Blog.

History of Polygon

Co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, Polygon was launched in 2017 and was originally called Matic Network. After an IEO on Binance in 2019, the Polygon network’s PoS chain’s mainnet launch took place in June 2020.

By the end of 2020, blockchain-based games went live on the Polygon ecosystem. As its popularity as a destination to support Ethereum dApps surged, its team rebranded the company as Polygon in February 2021.

In April 2021, several leading Ethereum-based DeFi protocols launched on Polygon, further increasing its on-chain activity and driving the MATIC price higher. Its popularity also caught the eye of investors, attracting a $10 billion investment from Mark Cuban.

The second half of 2021 saw the easy to use platform focus its energy on making their network even more attractive for GameFi and Play to Earn based dApps as well as improving scalability of its ecosystem through investment in zk-STARK rollup initiatives.

In 2022, the focus of Polygon moved beyond games and DeFi and into Web3, starting with the launch of Polygon ID - a zero-knowledge digital identity solution for Web 3.0. Another exciting announcement from the Polygon chain was the confirmation that its infrastructure has achieved the status of becoming carbon-negative.

How to Use Polygon (MATIC)

Polygon's flexible framework supports building multiple types of decentralized applications that are compatible with the Ethereum ecosystem. The advantage is that there is no need to learn new technology to develop Polygon-based dApps due to its Ethereum equivalence.

Its MATIC token can be used in several ways, including:

Transaction Currency Within the Polygon Ecosystem

The ERC-20 MATIC token serves as the utility token inside the Polygon ecosystem. It can be used to pay transaction fees and access services and applications within the Polygon network.

Trading MATIC Against Other Digital Assets, Fiat Currencies

As a crypto investor, you can grow your capital by adding MATIC to your portfolio. Ensure that you check the latest Polygon price, 24 hour trading volume, market cap and perform fundamental, technical and sentiment analysis before you buy or sell MATIC.

Staking MATIC to Earn Passive Income

As the native token of a network that leverages the PoS consensus algorithm, Polygon’s MATIC can also be staked to generate a stream of passive revenue. You can stake on the Polygon network to become a validator or via other crypto platforms and DeFi apps to generate a stream of revenue from investing in MATIC and support Polygon's infrastructure development efforts. KuCoin Earn also offers an easy way to stake Polygon (MATIC) and earn attractive returns.

Lend Liquidity With MATIC

You can also offer your MATIC crypto to lend liquidity on crypto platforms, including on KuCoin. On KuCoin, this is very simple thanks to our Crypto Lending feature. You can earn attractive rates of interest for lending Polygon over a period of 7 days, 14 days or 28 days.

Governance Token for Polygon

As a MATIC holder, you are also eligible to vote on Polygon Improvement Proposals (PIPs). In this manner, MATIC also serves as the governance token in the Polygon blockchain ecosystem, offering a way for truly decentralized decision-making on future updates and developments.

How to Buy Polygon’s MATIC

Polygon (MATIC) is available to buy via cryptocurrency exchanges, DEXs and digital wallets such as MetaMask. One of the most popular places to buy MATIC is KuCoin. Here’s how you can do this:

1, Start an Account With KuCoin

Set up an account on KuCoin if you are not yet an existing user. You can also complete your KYC verification to unlock all of KuCoin’s offerings and services available for your account.

2, Add Crypto Funds to Start Trading on KuCoin

Convert your trading capital from fiat currency into crypto to start trading MATIC and hundreds of other crypto assets on our platform. You can use the KuCoin Fast Trade to buy crypto using over 70 payment methods, such as Visa, Mastercard and PayPal.

You can also buy crypto via KuCoin’s P2P service or by interacting directly with third-party sellers on our platform.

3, Buy MATIC Using Existing Cryptocurrency Holdings

You can also buy Polygon on KuCoin using your existing cryptocurrencies. All you have to do is transfer them from your digital wallet and into your KuCoin trading account to get started.

4, Trade MATIC/USDT on KuCoin

Once you have added crypto funds to your trading account, you can go to the KuCoin Spot Trading and find the MATIC/USDT crypto pair. Make sure you review the latest Polygon price, market cap, 24 hour trading volume and MATIC price action before placing your Buy trade.

Enter the amount of USDT you want to exchange for MATIC and verify the number of tokens you will receive as well as the trading fees you will be charged. Once you have confirmed all the information, proceed to place the trade order on the exchange.

5, Receive and Store MATIC Safely

Once your trade executes successfully, you will receive the MATIC tokens in your account within a few minutes. You can then continue to hold them in this account or transfer them to your external wallet for additional security.

FAQ

How to Move MATIC From Ethereum to Polygon

The process of moving digital assets from one chain to another is known as bridging. In the case of transferring MATIC tokens from the main Ethereum blockchain to Polygon and vice versa, this can be accomplished using the Polygon Bridge.

You can move MATIC and other ERC-20 tokens from Ethereum to Polygon using the official PoS Bridge or by using the Plasma Bridge. Here are the steps involved:

1, Create a Polygon Web Wallet account if you don’t already have one. Head to the Polygon Bridge and access this wallet.

2, Connect your Ethereum wallet, e.g. MetaMask or any other crypto wallet to the account. Approve the request for the digital signature to connect MetaMask wallet successfully to the Polygon Bridge.

3, Head to the Deposit section to enter the type of token you wish to bridge, e.g. MATIC, and the amount of tokens you wish to transfer. Once you agree to the transfer, you will receive information on an estimate of gas fees you will be charged for the transaction.

4, Confirm the transaction after reviewing all the details and wait for up to three hours for the transaction to be verified by validators and completed.

How High Can Polygon (MATIC) Go?

Although it is impossible to perform accurate Polygon price prediction, MATIC is expected to be one of the best performing tokens in the market. Its focus areas, including GameFi and Web 3.0 are expected to power the adoption of Polygon’s technology and drive the MATIC price upwards.

In addition, a delay in Ethereum’s move to becoming a PoS network will continue to send Ethereum based projects towards the Polygon ecosystem instead. Ethereum’s high gas fees and network congestion problems will make Polygon an even more attractive platform for dApps, driving up the on-chain activity and keeping the Polygon price trending higher.

The Polygon (MATIC) price can also see an uptrend amid a bullish sentiment in the overall cryptocurrency market. Whenever leading cryptos like Bitcoin and Ethereum head higher, investors feel more confident about investing in altcoins as well, and the biggest gainers are the top digital assets by market cap, including MATIC.

Is MATIC a Good Investment?

Polygon’s pledge to become carbon negative in 2022 can give it an upper hand in the competitive space, making it a sought-after ecosystem for dApp developers. One of the biggest drawbacks blockchain technology faces is due to criticism about its high energy consumption, especially in Ethereum’s case.

However, the proof of stake, Layer-2 scaling solution for Ethereum can offer a greener alternative with all the benefits of the leading blockchain for dApps. This is one of the key factors that could make Polygon (MATIC) a solid crypto asset to invest in.

The advent of Web 3.0 and decentralized apps can further power its adoption and keep the Polygon price supported. As one of the most capable and popular Ethereum compatible blockchains in the market, Polygon could take on the batch of ‘Ethereum killer’ blockchains in the market, further increasing its appeal as an investment opportunity.

How to Stake Polygon’s MATIC

Here’s how you can stake MATIC on the Polygon PoS network to become a network validator and earn attractive staking rewards:

1, Buy some MATIC tokens from leading crypto exchanges, such as KuCoin. Send your funds to the Polygon Web Wallet to get started

2, Either become a validator through direct staking of your MATIC tokens or become a delegator by staking your MATIC crypto to a validator of your choice within the network.

3, You can also stake Polygon through other Web3 wallets such as MetaMask.

4, If you choose to delegate your stake, you can choose a validator from the dropdown list based on their stake, PoS checkpoints signed and commissions.

5, Input the number of MATIC tokens you wish to stake and confirm the delegate request.

11
BBB
Expand
Website
matic.network
Documentation
polygon.technologypolygon.technologypolygon.technology
Explorer
etherscan.io
Contract
Ethereum 0x7D1AfA...BB0
Audited By
Polygon Transparency Sheet
Code & Community
Investors
Coinbase Ventures ZBS Capital MiH Ventures High Naut Capital Mark Cuban

About MATIC

What is Polygon (MATIC)?

Polygon is a leading Layer-2 Ethereum scaling solution that can support smart contracts, letting developers build scalable decentralized apps. Previously Matic Network, the proof of stake network offered all the security benefits of Ethereum with the added benefit of low transaction fees.

MATIC is the native token of the Polygon ecosystem and is an ERC-20 token built on the Ethereum blockchain. It serves as the currency within the Polygon ecosystem, with users paying transaction fees in it.

As of May 2022, Polygon’s MATIC is among the top 20 cryptocurrencies by market cap. Its popularity has soared in recent months as the Layer-1 Ethereum network suffers from network congestion and high gas fees, both of which are solved by Polygon’s scalable infrastructure.

The developers of Polygon SDK are optimistic that their innovation can power the Web 3.0 revolution, offering a low-cost, scalable and highly secure platform with superior transaction speed for decentralized apps to operate on. Its compatibility with the Ethereum main chain is one of the biggest strengths Polygon has over other Web 3.0 blockchains in the market.

You can learn more about Polygon(MATIC) at our KuCoin Blog.

History of Polygon

Co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, Polygon was launched in 2017 and was originally called Matic Network. After an IEO on Binance in 2019, the Polygon network’s PoS chain’s mainnet launch took place in June 2020.

By the end of 2020, blockchain-based games went live on the Polygon ecosystem. As its popularity as a destination to support Ethereum dApps surged, its team rebranded the company as Polygon in February 2021.

In April 2021, several leading Ethereum-based DeFi protocols launched on Polygon, further increasing its on-chain activity and driving the MATIC price higher. Its popularity also caught the eye of investors, attracting a $10 billion investment from Mark Cuban.

The second half of 2021 saw the easy to use platform focus its energy on making their network even more attractive for GameFi and Play to Earn based dApps as well as improving scalability of its ecosystem through investment in zk-STARK rollup initiatives.

In 2022, the focus of Polygon moved beyond games and DeFi and into Web3, starting with the launch of Polygon ID - a zero-knowledge digital identity solution for Web 3.0. Another exciting announcement from the Polygon chain was the confirmation that its infrastructure has achieved the status of becoming carbon-negative.

How to Use Polygon (MATIC)

Polygon's flexible framework supports building multiple types of decentralized applications that are compatible with the Ethereum ecosystem. The advantage is that there is no need to learn new technology to develop Polygon-based dApps due to its Ethereum equivalence.

Its MATIC token can be used in several ways, including:

Transaction Currency Within the Polygon Ecosystem

The ERC-20 MATIC token serves as the utility token inside the Polygon ecosystem. It can be used to pay transaction fees and access services and applications within the Polygon network.

Trading MATIC Against Other Digital Assets, Fiat Currencies

As a crypto investor, you can grow your capital by adding MATIC to your portfolio. Ensure that you check the latest Polygon price, 24 hour trading volume, market cap and perform fundamental, technical and sentiment analysis before you buy or sell MATIC.

Staking MATIC to Earn Passive Income

As the native token of a network that leverages the PoS consensus algorithm, Polygon’s MATIC can also be staked to generate a stream of passive revenue. You can stake on the Polygon network to become a validator or via other crypto platforms and DeFi apps to generate a stream of revenue from investing in MATIC and support Polygon's infrastructure development efforts. KuCoin Earn also offers an easy way to stake Polygon (MATIC) and earn attractive returns.

Lend Liquidity With MATIC

You can also offer your MATIC crypto to lend liquidity on crypto platforms, including on KuCoin. On KuCoin, this is very simple thanks to our Crypto Lending feature. You can earn attractive rates of interest for lending Polygon over a period of 7 days, 14 days or 28 days.

Governance Token for Polygon

As a MATIC holder, you are also eligible to vote on Polygon Improvement Proposals (PIPs). In this manner, MATIC also serves as the governance token in the Polygon blockchain ecosystem, offering a way for truly decentralized decision-making on future updates and developments.

How to Buy Polygon’s MATIC

Polygon (MATIC) is available to buy via cryptocurrency exchanges, DEXs and digital wallets such as MetaMask. One of the most popular places to buy MATIC is KuCoin. Here’s how you can do this:

1, Start an Account With KuCoin

Set up an account on KuCoin if you are not yet an existing user. You can also complete your KYC verification to unlock all of KuCoin’s offerings and services available for your account.

2, Add Crypto Funds to Start Trading on KuCoin

Convert your trading capital from fiat currency into crypto to start trading MATIC and hundreds of other crypto assets on our platform. You can use the KuCoin Fast Trade to buy crypto using over 70 payment methods, such as Visa, Mastercard and PayPal.

You can also buy crypto via KuCoin’s P2P service or by interacting directly with third-party sellers on our platform.

3, Buy MATIC Using Existing Cryptocurrency Holdings

You can also buy Polygon on KuCoin using your existing cryptocurrencies. All you have to do is transfer them from your digital wallet and into your KuCoin trading account to get started.

4, Trade MATIC/USDT on KuCoin

Once you have added crypto funds to your trading account, you can go to the KuCoin Spot Trading and find the MATIC/USDT crypto pair. Make sure you review the latest Polygon price, market cap, 24 hour trading volume and MATIC price action before placing your Buy trade.

Enter the amount of USDT you want to exchange for MATIC and verify the number of tokens you will receive as well as the trading fees you will be charged. Once you have confirmed all the information, proceed to place the trade order on the exchange.

5, Receive and Store MATIC Safely

Once your trade executes successfully, you will receive the MATIC tokens in your account within a few minutes. You can then continue to hold them in this account or transfer them to your external wallet for additional security.

FAQ

How to Move MATIC From Ethereum to Polygon

The process of moving digital assets from one chain to another is known as bridging. In the case of transferring MATIC tokens from the main Ethereum blockchain to Polygon and vice versa, this can be accomplished using the Polygon Bridge.

You can move MATIC and other ERC-20 tokens from Ethereum to Polygon using the official PoS Bridge or by using the Plasma Bridge. Here are the steps involved:

1, Create a Polygon Web Wallet account if you don’t already have one. Head to the Polygon Bridge and access this wallet.

2, Connect your Ethereum wallet, e.g. MetaMask or any other crypto wallet to the account. Approve the request for the digital signature to connect MetaMask wallet successfully to the Polygon Bridge.

3, Head to the Deposit section to enter the type of token you wish to bridge, e.g. MATIC, and the amount of tokens you wish to transfer. Once you agree to the transfer, you will receive information on an estimate of gas fees you will be charged for the transaction.

4, Confirm the transaction after reviewing all the details and wait for up to three hours for the transaction to be verified by validators and completed.

How High Can Polygon (MATIC) Go?

Although it is impossible to perform accurate Polygon price prediction, MATIC is expected to be one of the best performing tokens in the market. Its focus areas, including GameFi and Web 3.0 are expected to power the adoption of Polygon’s technology and drive the MATIC price upwards.

In addition, a delay in Ethereum’s move to becoming a PoS network will continue to send Ethereum based projects towards the Polygon ecosystem instead. Ethereum’s high gas fees and network congestion problems will make Polygon an even more attractive platform for dApps, driving up the on-chain activity and keeping the Polygon price trending higher.

The Polygon (MATIC) price can also see an uptrend amid a bullish sentiment in the overall cryptocurrency market. Whenever leading cryptos like Bitcoin and Ethereum head higher, investors feel more confident about investing in altcoins as well, and the biggest gainers are the top digital assets by market cap, including MATIC.

Is MATIC a Good Investment?

Polygon’s pledge to become carbon negative in 2022 can give it an upper hand in the competitive space, making it a sought-after ecosystem for dApp developers. One of the biggest drawbacks blockchain technology faces is due to criticism about its high energy consumption, especially in Ethereum’s case.

However, the proof of stake, Layer-2 scaling solution for Ethereum can offer a greener alternative with all the benefits of the leading blockchain for dApps. This is one of the key factors that could make Polygon (MATIC) a solid crypto asset to invest in.

The advent of Web 3.0 and decentralized apps can further power its adoption and keep the Polygon price supported. As one of the most capable and popular Ethereum compatible blockchains in the market, Polygon could take on the batch of ‘Ethereum killer’ blockchains in the market, further increasing its appeal as an investment opportunity.

How to Stake Polygon’s MATIC

Here’s how you can stake MATIC on the Polygon PoS network to become a network validator and earn attractive staking rewards:

1, Buy some MATIC tokens from leading crypto exchanges, such as KuCoin. Send your funds to the Polygon Web Wallet to get started

2, Either become a validator through direct staking of your MATIC tokens or become a delegator by staking your MATIC crypto to a validator of your choice within the network.

3, You can also stake Polygon through other Web3 wallets such as MetaMask.

4, If you choose to delegate your stake, you can choose a validator from the dropdown list based on their stake, PoS checkpoints signed and commissions.

5, Input the number of MATIC tokens you wish to stake and confirm the delegate request.