Bitfinex to Listing POL, Native Token of Polygon

02 Sep Bitfinex to Listing POL, Native Token of Polygon

ROAD TOWN, Tortola, British Virgin Islands – 2 September, 2024 – Bitfinex (https://www.bitfinex.com), a premier digital asset buying and selling platform, introduced right now that it is going to be among the many first exchanges to checklist POL, the native token of Polygon, a layer-2 scaling answer constructed on Ethereum.

Initially launched because the Matic Community, Polygon processes transactions on sidechains to facilitate quicker settlements and decrease transaction prices. Primarily parallel blockchains that function independently of the Ethereum mainnet, sidechains can deal with a better quantity of transactions, decreasing congestion and reducing charges for Polygon customers. In July 2023, the community’s authentic native token, POL was proposed because the community’s new native token to raised replicate the undertaking’s evolution and concentrate on scaling Ethereum. In July of this 12 months, Polygon introduced that every one MATIC tokens can be upgraded to POL tokens.

On Bitfinex, prospects will be capable to commerce each POL and MATIC. Prospects will be capable to deposit and withdraw each MATIC ERC-20 (API: MATIC) and POL.

POL gives holders a number of utility choices, together with validator staking, validator rewards, and the flexibility to take part in all governance. The tokens have an preliminary provide of 10 billion.

“Polygon’s efforts to scale one of many crypto ecosystem’s core networks are necessary to our trade’s efforts to onboard the subsequent billion customers in Web3. We’re thrilled so as to add POL to our roster of digital asset choices out there for commerce,” stated Henry Youngster, Head of Tokens at Bitfinex.

Deposits for POL are anticipated to open at roughly 12:00 PM UTC on 2 September 2024, topic to community circumstances. Buying and selling is deliberate to begin at roughly 10:00 AM UTC on 4th September, 2024, contingent upon liquidity necessities being met. POL shall be tradable in opposition to US {Dollars} (POL/USD) and Tether tokens (POL/USDt). 

To acquire entry to POL on Bitfinex, prospects can go to https://www.bitfinex.com/.

*All customers of www.bitfinex.com are topic to Bitfinex’s phrases of service (“TOS”). Please observe that U.S. individuals (as outlined within the TOS), amongst different prohibited individuals (as outlined within the TOS), are strictly prohibited from straight or not directly holding, proudly owning or working an Account (as outlined within the TOS) on www.bitfinex.com. 

About Bitfinex

Based in 2012, Bitfinex is a digital token buying and selling platform providing state-of-the-art companies for merchants and international liquidity suppliers. Along with a collection of superior buying and selling options and charting instruments, Bitfinex supplies entry to peer-to-peer financing, an OTC market and margin buying and selling for a big selection of digital tokens. Bitfinex’s technique focuses on offering unparalleled help, instruments, and innovation for skilled merchants and liquidity suppliers world wide. Go to www.bitfinex.com to be taught extra.

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