- The transition from $MATIC to $POL will be automatic for most users, especially on Polygon PoS
- Coinbase will manage the ticker change and token conversion, ensuring a smooth Polygon migration for its users
- Most exchanges will handle the Polygon migration, allowing users to prepare without rushing
After months of uncertainty and stagnant movements, Polygon is finally experiencing a moment of revival. With the upcoming historic transition from $MATIC to $POL, set for September 4th, the project is gearing up to enter a new era.
This change, supported by exchanges like Coinbase, could be the catalyst Polygon supporters have been waiting for throughout 2024.
Polygon’s Long-Awaited Transition: $POL Launch Promises a New Era
After a long, perhaps too long, period of sideways movements and generally stagnant/negative trends, a comeback is finally happening for Polygon’s $MATIC, just days before its historic transition to $POL. This transition seems to be providing the long-awaited boost in price, something that has been anticipated for months as criticisms began to mount over a rather lackluster 2024 for the project.
The crypto world, however, tends to reward those who wait, as long as they’ve chosen projects with a potential future and not the many shooting stars that unfortunately crowd this space.
The launch of $POL will officially take place on September 4th, and the engines seem to be revving hotter than ever because in a couple of weeks, the world of Polygon will no longer be the same, starting with its base token.
Hot Engines for the $POL Transition. And Polygon Soars
It’s been a week to remember for Polygon’s $MATIC, which will soon become $POL. A transition that – among other things, and perhaps this is what has driven the project’s quotes in the last 24 hours – will be supported by Coinbase, which will start the ticker transition from $MATIC to $POL on August 26th.
In short: Coinbase will first transfer the name from $MATIC to $POL, then in due time, they will handle the token conversion for their users, keeping additional services like staking active without a hitch.
Overall, this is a huge facilitation of a transition that you’ve already asked many questions about, and that we’ll continue to follow both here on the site and on our Telegram Channel.
Is There Anything to Do to Prepare for the Transition?
We know there’s always a lot of anxiety when these kinds of transitions happen. However, it’s good to remember that the process will be managed by Polygon according to the industry’s highest standards.
For those on Polygon PoS, there won’t be anything you need to do, and the transition will be automatic. For those holding $MATIC on Ethereum, Polygon zkEVM, or other exchanges, migration may be necessary.
However, this migration – as in the case of Coinbase – should occur automatically, at least with the more solid exchanges. There’s still time, so there’s no need to rush or worry. No one will take away the $MATIC you’ve accumulated, which will soon be converted into $POL, opening up Polygon’s future as an infrastructure.
Conclusion
The transition from $MATIC to $POL marks a crucial turning point for Polygon and its investors. With a migration process managed efficiently and supported by platforms like Coinbase, the future of Polygon looks more promising than ever.
Being well-prepared for this transition will be essential to make the most of the opportunities that will arise from it.
