Buy Polygon (MATIC)

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Polygon ()

52

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Reason To Buy Polygon(MATIC)

  • It is an Ethereum based ERC-20 token. 
  • It is among the top 20 leading cryptocurrencies by market cap.
  • It can process up to 65,000 transactions each second.
  • It has a market capitalization of around $8.7 billion.
  • It has a maximum supply of 10 billion Polygon coins.

Polygon was launched in October 2017 and was co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. 

Polygon, a huge contributor to Ethereum Network, is the first well-developed and easy-to-use platform for Ethereum scaling and development of infrastructure. The network is developed with the aim of stimulating mass adoption of cryptocurrencies by resolving problems of scalability faced by the other rival cryptocurrencies. It is a Layer 2 scaling solution, backed by the leading crypto networks in the field: Binance and Coinbase. 

To provide its users with various incentives, Polygon offers its official native utility token named MATIC.

Things to consider before Buying Polygon(MATIC)

  • MATIC could be used for payment services on Polygon Network.
  • Using Polygon, one could create any kind of chain required by the developer, such as ZK Rollup Chain or Stand Alone Chain.
  • Polygon is an open-source platform, so anyone could see through their code.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.