Wednesday, July 3, 2024

Buying and selling for Polygon Ecosystem Token (POL) begins now

We’re thrilled to announce that Polygon Ecosystem Token (POL) is now out there on Kraken!

Funding and buying and selling

POL funding and buying and selling are dwell. Add POL to your Kraken account by navigating to Funding, deciding on the asset, and hitting Deposit. 

Solely deposit POL on Polygon. Deposits utilizing different networks shall be misplaced.

Acquired POL and a Kraken account? ⤵️

POL is tradeable on Kraken and Kraken Professional with the next parameters:

Asset Pair Value decimal precision Minimal order measurement Minimal deposit
POL USD, EUR 5 4 6.5

Word:  

  • Buying and selling through Kraken App and Instantaneous Purchase shall be out there as soon as the liquidity situations are met (when a ample variety of patrons and sellers have entered the marketplace for their orders to be effectively matched).
  • Not out there in Canada and the UK

Right here’s what you want to know concerning the token:

Polygon Ecosystem Token (POL) is a multi-chain scaling resolution for the Ethereum blockchain. Polygon is a Layer 2 scaling resolution for Ethereum that goals to enhance the pace and cut back the price of executing transactions on Ethereum. Polygon makes use of sidechains to assist with off-chain computation whereas sustaining safety and makes use of a decentralized community of proof-of-stake (PoS) validators. POL is an improve and renaming of the MATIC token. Switching to POL token is anticipated to boost tokenomics and governance rights, permitting stakeholders larger involvement in decision-making strategy of Polygon by way of group initiatives.

Able to commerce however don’t have a Kraken account but? Enroll at this time

Will Kraken make extra belongings out there?

Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s out there tokens could be discovered right here, and all future tokens shall be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can not reply any questions on which belongings we could also be making out there sooner or later. 

Commerce with warning

There isn’t any assure {that a} restrict order will execute. There’s additionally no assure a market order will execute at a sure value. The provision and liquidity of the actual digital asset will impression a lot of these orders.

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These supplies are for normal data functions solely and aren’t funding recommendation or a advice or solicitation to purchase, promote, stake or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken doesn’t and won’t work to extend or lower the worth of any explicit cryptoasset it makes out there. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your cryptoassets and you need to search unbiased recommendation in your taxation place. Geographic restrictions could apply.

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