02 Sep Bitfinex to Listing POL, Native Token of Polygon
ROAD TOWN, Tortola, British Virgin Islands – 2 September, 2024 – Bitfinex (https://www.bitfinex.com), a premier digital asset buying and selling platform, introduced at the moment that will probably be among the many first exchanges to listing POL, the native token of Polygon, a layer-2 scaling resolution constructed on Ethereum.
Initially launched because the Matic Community, Polygon processes transactions on sidechains to facilitate sooner settlements and decrease transaction prices. Basically parallel blockchains that function independently of the Ethereum mainnet, sidechains can deal with the next quantity of transactions, decreasing congestion and reducing charges for Polygon customers. In July 2023, the community’s unique native token, POL was proposed because the community’s new native token to higher replicate the undertaking’s evolution and give attention to scaling Ethereum. In July of this yr, Polygon introduced that each one MATIC tokens could be upgraded to POL tokens.
On Bitfinex, clients will be capable to commerce each POL and MATIC. Clients will be capable to deposit and withdraw each MATIC ERC-20 (API: MATIC) and POL.
POL affords holders a number of utility choices, together with validator staking, validator rewards, and the power to take part in all governance. The tokens have an preliminary provide of 10 billion.
“Polygon’s efforts to scale one of many crypto ecosystem’s core networks are necessary to our business’s efforts to onboard the following billion customers in Web3. We’re thrilled so as to add POL to our roster of digital asset choices out there for commerce,” mentioned Henry Youngster, Head of Tokens at Bitfinex.
Deposits for POL are anticipated to open at roughly 12:00 PM UTC on 2 September 2024, topic to community circumstances. Buying and selling is deliberate to start at roughly 10:00 AM UTC on 4th September, 2024, contingent upon liquidity necessities being met. POL might be tradable towards US {Dollars} (POL/USD) and Tether tokens (POL/USDt).
To acquire entry to POL on Bitfinex, clients can go to https://www.bitfinex.com/.
*All customers of www.bitfinex.com are topic to Bitfinex’s phrases of service (“TOS”). Please observe that U.S. individuals (as outlined within the TOS), amongst different prohibited individuals (as outlined within the TOS), are strictly prohibited from straight or not directly holding, proudly owning or working an Account (as outlined within the TOS) on www.bitfinex.com.
About Bitfinex
Based in 2012, Bitfinex is a digital token buying and selling platform providing state-of-the-art providers for merchants and world liquidity suppliers. Along with a set of superior buying and selling options and charting instruments, Bitfinex gives entry to peer-to-peer financing, an OTC market and margin buying and selling for a big selection of digital tokens. Bitfinex’s technique focuses on offering unparalleled assist, instruments, and innovation for knowledgeable merchants and liquidity suppliers world wide. Go to www.bitfinex.com to be taught extra.
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