POL Contract Successfully Deployed on Ethereum
The core module of Polygon 2.0, the POL token, has been deployed on the Ethereum mainnet as of October 25. This marks a critical step toward the eventual upgrade of MATIC tokens to POL.
Contract Details:
- POL Token Address:
0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6 - Conversion Ratio: MATIC holders will exchange tokens 1:1 for POL.
- Timing: Users need not take immediate action; official migration instructions will follow.
- POL Token Address:
👉 Learn how to stake POL for future rewards
Why Upgrade to POL?
Polygon 2.0 aims to unify multiple blockchains into a seamless, scalable ecosystem with shared liquidity. The shift from MATIC to POL supports this vision by:
Streamlined Utility: POL becomes the universal token for:
- Staking across Polygon PoS, zkEVM, and subnets.
- Paying gas fees on all Polygon networks.
- Technical Foundation: Prepares for Polygon PoS’s transition to zkEVM Validium.
Key Upgrades in POL Tokenomics
Unlike MATIC, POL introduces controlled inflation:
| Feature | Details |
|---|---|
| Initial Supply | 100 billion POL (matching MATIC’s circulating supply). |
| Annual Inflation | 2% (1% for ecosystem growth, 1% as node rewards). |
| Governance Review | After 10 years, the community will vote on adjustments. |
Community Concerns: Some MATIC holders critique the inflation model for diluting value.
FAQ
Q: When can I convert MATIC to POL?
A: Await official announcements—no action is required yet.
Q: Will POL replace MATIC entirely?
A: Yes. POL becomes the primary token for transactions, staking, and governance.
Q: How does POL’s inflation affect long-term value?
A: The 2% annual rate funds growth and security; future adjustments depend on governance.
👉 Explore Polygon 2.0’s roadmap here
Note: All external links except OKX have been removed per guidelines.