ilmscore | Prediction Details
"we have a lot of Matic holders that are coin buau fans audience members and they are very curious to know kind of Matic and the migration to Paul what the road map is and what it means for the Matic holders out there yeah so the road map is very clear like the Matic we were originally called Matic Network right like in 201 uh 17 18 when we started in 20120 in 2020 we rebranded to polygon why because previously Matic was a single blockchain ecosystem and we wanted to always go into this multichain environment because that's where we saw that if we want to scale the web3 to a planetary level where this becomes the protocol if you want to build the protocol where all the people are building their applications needs to be multi-chain and that's why the name polygon it's like multifaceted multichain multi VM multi validator profile privacy profile all those things that's why like you know we reband to polygon but we also had to migrate our token which is the Matic Network token Matic token to uh you know pole token and uh because you know that reflect like this is the old token so this upgrade is happening this year we already like the pole token is already live and all that the validators are getting their will get their rewards and poll tokens and all that but uh for for the average individual for everyone who to migrate their tokens from Matic to pole we will uh you know announce a proper like guideline roadmap and all that where people will be able to migrate and by the this is not like a new token this is just a Migra not even migration this is like a technical upgrade actually of the same token because Matic token is a immutable token right if you could actually go and just change the name and all those things it'll be much easier to not you know have a change over there um but because it's a immutable it cannot be changed the token the token cannot be changed so it has to be a technical upgrade where users will on their own will they can upgrade to the pole token and this new pole token is actually why it is relevant is that is is like fully built to be a multi-chain token right so the token economics and everything that has built there there is a 1% inflation added per year which is used to incentivize the validators to keep validating and provide security into the system and uh then uh it also has the ecosystem treasury 1% to which could be used to grow the ecosystem heavily uh because all the like as you said like computer protocols they are all like freshly new tokens and all that and they have large ecosystem treasuries and all that so that polygon remains competitive uh over the over the years also and so that's also one thing and then uh this poll is basically with our reaking mechanism that is coming up uh this poll becomes like as we say third generation hyperproductive token right when we say hyperproductive token like Bitcoin as a Bitcoin holder you cannot participate in bitcoin's validation and security system right you have to be have you have to run physical miners but uh in case of let's say ethereum like now especially with proof of stake if you hold ethereum you can use that ethereum to stake in the ethereum security and Pro provide uh you know security uh provide security to ethereum so you can uh technically uh you know participate in the network in case of poll you will be able to participate in the network but we why we call it hyper productive token is you don't only participate in running the chain but you can participate in running multiple chains actually because of the multichain environment you can also participate use the same token to provide maybe data availability services to some chains or provide proving services and different different kind of things that you can do with that token so that's why we call it like a hyper productive token Bitcoin started with that with no utility no uh you know utility into the network then ethereum with stake earn yield this one you not only earn the base amount of yield but you can also earn from the transaction fees across the Chain by providing different kind of services"
By Coin Bureau | January 9, 2024 | Pending
From video
Future of Polygon, MATIC & Crypto in 2024 With Sandeep Nailwal! 00:11:57 - 00:15:32
Interpreted Prediction
Polygon's MATIC token is transitioning to the POLL token this year, with a clear roadmap for migration to be announced. The new POLL token is designed for a multi-chain environment, featuring 1% annual inflation for validator incentives and 1% for ecosystem growth. It's considered a 'hyper-productive' token, allowing holders to participate in securing multiple chains and provide services like data availability or proving.

Prediction Details

Topic
Polygon CDK

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.