What Is Polygon (POL)?
Cryptocurrency
Polygon (POL) is an Ethereum-based blockchain scaling solution designed to provide faster, low-cost, and eco-friendly transactions in the crypto ecosystem. Previously known as
MATIC, Polygon underwent a rebranding process in 2023 and adopted the name
POL. This change enhanced the network’s technological capacity, allowing developers to build multi-chain applications more efficiently. POL works compatibly with
Ethereum, improving the performance of decentralized applications (dApps) while significantly reducing transaction fees. In short, the Polygon network offers an effective solution to scalability and interoperability challenges in the crypto world.
What Is POL Coin?
POL Coin is the
native token of the Polygon ecosystem, used for transaction fees, staking, and governance processes within the network.
POL is the upgraded version of the
MATIC token
, and users can convert their MATIC holdings to POL at a 1:1 ratio. This transition is part of Polygon’s major technological transformation aimed at providing a more modular, secure, and energy-efficient structure. The token is not only used for network operations but also plays an active role in community governance decisions that shape the future of the network.
Which Country Is POL Coin From?
POL Coin is not associated with any specific country. The Polygon network was founded by developers based in
India but has evolved into a decentralized
blockchain project supported by a global community. The project was launched in 2017 by
Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Although the core team originated from India, Polygon has since transformed into a truly international ecosystem. Today, it operates with numerous software developers and corporate partners across
Europe, Asia, and the Americas. Therefore, while POL Coin’s origins trace back to India, the project’s goal is to develop
global
Web3
infrastructure and make blockchain technology more accessible worldwide.
When Was POL Coin Released?
POL Coin was introduced in the last quarter of 2023 as part of Polygon’s rebranding process. It was designed to replace the previous network token,
MATIC. The launch of POL coincided with Polygon’s new
“2.0 ecosystem vision,” which aims for a fully compatible, multi-chain future alongside Ethereum.
What Makes the POL Blockchain Special?
The most important feature that makes the
Polygon (POL) network special is its ability to
increase scalability while preserving Ethereum’s security. This means users benefit from Ethereum’s robust security infrastructure while enjoying faster and cheaper transactions. In addition, Polygon offers a
multi-chain architecture, enabling different blockchains to share data and transfer assets seamlessly. The POL blockchain also operates on an
eco-friendly
Proof of Stake (PoS) mechanism, ensuring energy efficiency. All these features make Polygon an
innovative and sustainable Web3 infrastructure for both developers and users.
How Does Polygon (POL) Work?
Polygon (POL) is a
Layer-2 scaling
solution built on top of Ethereum. This structure allows transactions to be processed much faster and at a fraction of Ethereum’s fees. The Polygon network uses
sidechains, independent blockchains connected to the Ethereum main network. These sidechains verify transactions independently, reducing congestion on the main chain. The network is secured by the
Proof of Stake (PoS) consensus algorithm, which increases speed and energy efficiency. Users can stake their POL tokens to contribute to network security and earn rewards. This system makes Polygon an efficient and user-friendly ecosystem for both developers and investors.
How to Buy POL Coin?
To purchase
POL Coin, you first need to create an account on a reliable cryptocurrency exchange. In Türkiye, one of the secure and easy-to-use platforms is
CoinTR. You can buy POL Coin by following these steps:
-
Register on CoinTR and complete your KYC (identity verification) process.
-
Deposit TL into your account.
-
Enter the amount you wish to buy and confirm the transaction.
-
The purchased POL balance will automatically appear in your CoinTR wallet.
CoinTR simplifies the POL Coin buying process with its
user-friendly interface, high liquidity, low transaction fees, and robust security measures.
Where to Buy POL Coin?
POL Coin can be safely purchased through
CoinTR, one of Türkiye’s trusted cryptocurrency exchanges. CoinTR stands out with its
ease of use, high liquidity, low trading fees, and strong infrastructure. Users can open an account in just a few steps and complete
POL Coin buying and selling transactions quickly and securely. CoinTR provides a
transparent and secure trading environment for both beginners and experienced investors.
Also see.
Beginner's Guide to Crypto
POL Coin Reviews
POL Coin has become one of the most talked-about projects among investor communities as Polygon enters a new era. Experts believe that POL’s
Ethereum compatibility, fast confirmation times, and low-cost network give it strong long-term potential. The active developer community and the adoption of Polygon’s infrastructure by major global brands have further boosted confidence in the project.
POL Coin’s price fluctuates based on general market conditions, supply-demand balance, and developments within the Polygon network. Analysts commonly agree that
Polygon’s solutions to Web3 scalability challenges provide POL with a solid foundation. As always, crypto investments require thorough research, users should make their trading decisions based on their own due diligence.
POL Coin Future
The
future of POL Coin is seen as promising, thanks to Polygon’s technological vision and continued innovation in the blockchain space. The
Polygon 2.0 transition aims to strengthen its multi-chain architecture and achieve full integration with the Ethereum ecosystem. Experts believe these advancements could have a positive long-term impact on
POL Coin charts and overall network activity. Additionally, Polygon’s
eco-friendly Proof of Stake mechanism and
corporate partnerships support POL’s sustainable growth potential. As Türkiye’s crypto ecosystem continues to grow rapidly, projects listed on
trusted exchanges like CoinTR are increasingly attracting investor attention. Overall,
POL Coin’s future looks strong, backed by its technology, global community, and long-term value proposition in the blockchain sector.
FAQ
What is the difference between POL Coin and MATIC?
POL is the new Polygon token developed to replace the former MATIC token. With the
Polygon 2.0 upgrade, the network’s scalability and multi-chain structure are now managed through POL.
How is the migration from MATIC to POL progressing?
MATIC holders can convert their tokens to POL at a 1:1 ratio. The migration process is ongoing and supported by major cryptocurrency exchanges.
Which blockchain standard does POL Coin use?
POL uses the
Ethereum-based ERC-20 token standard and is fully compatible with the Ethereum ecosystem.
What is the total supply of POL Coin?
The total supply of POL Coin is
10 billion tokens. To maintain network security, an annual
2% token issuance is planned.
How does POL staking work?
POL
staking involves delegating tokens to
validators on the Polygon network. This supports network security while allowing users to earn staking rewards. Staking can be performed through
Ethereum-compatible wallets or Polygon’s official staking platform.
Where can I buy POL Coin?
POL Coin can be safely purchased on
CoinTR, one of Türkiye’s reliable crypto exchanges. CoinTR stands out with its
low fees, TRY trading pairs, and strong security infrastructure.
How is the future of POL Coin evaluated?
Experts believe Polygon’s
2.0 vision and advanced technology support POL Coin’s long-term potential. However, this information does
not constitute investment advice, and users are encouraged to conduct their own research.
2025-10-08Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
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