Polygon (MATIC) is a cryptocurrency and a scaling solution for the Ethereum blockchain. Formerly known as Matic Network, Polygon aims to address the scalability and usability issues of Ethereum by providing a framework for building and connecting multiple blockchains.
Polygon utilizes a technology called "Polygon SDK" (Software Development Kit) to create sidechains that are compatible with Ethereum. These sidechains, known as "Polygon chains," are independent blockchains that can process transactions and execute smart contracts, but with significantly lower fees and faster transaction times compared to the Ethereum mainnet.
The MATIC token is the native cryptocurrency of the Polygon network and serves several purposes. It is used for governance, allowing holders to participate in decision-making processes regarding the network's development and upgrades. MATIC is also used as a medium of exchange and as a means of paying for transaction fees and services within the Polygon ecosystem.
One of the key benefits of Polygon is its compatibility with Ethereum, allowing seamless integration with existing Ethereum-based projects and decentralized applications (dApps). Developers can easily migrate their applications to Polygon to leverage its scalability features without sacrificing the security and network effects of the Ethereum ecosystem.
Where to buy MATIC Token
You can find MATIC Token here at CoinTR Exchange! We are listing MATIC/USDT, MATIC/TRY on Spot Market and support up to 50X MATICUSDT Perpetual Futures!
What is the Price of MATIC
The price of the MATIC token is $0.8864 per unit. It has a market cap of $8,224,915,579. It also has a 24-hour trading volume of $8,863,562,686. You can check the live price of their token right here!
How to buy MATIC
Looking for a way to buy MATIC. You can purchase MATIC on CoinTR following the steps:
1. Log in your CoinTR account and click [Markets]. Click on [Spot].
2. Search “MATIC” using the search bar to see the available trading pairs. Take MATIC/USDT as an example,click [Trade].
3.Go to the [Spot] box. Enter the amount of MATIC you want to buy. You can choose from opening a Limit order or a Market order. Take Market order as an example. Click [Buy MATIC] to confirm your order. You will find the purchased MATIC in your Spot Wallet.
Disclaimer: The views, thoughts, and opinions expressed in the article shall not be considered as investment advice and do not reflect the position of CoinTR, please use it at your own risk.