DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
Name | Price | 24 hr | Market Cap | Circulating Supply |
---|---|---|---|---|
Polygon (MATIC) | $0.72356600 | 1.58% | $6,716,822,308 | 9,282,943,566 |
MATIC tokens are released every month. MATIC has a maximum supply of 10,000,000,000 MATIC tokens.
As Polygon utilizes a network of PoS validators for asset security, staking is vital to the Polygon ecosystem. Validators on the network stake their MATIC tokens in the form of collateral to participate in the network’s PoS consensus mechanism and receive MATIC tokens in return. Members of the network not willing to become validators are allowed to delegate their MATIC tokens to another validator. However, they can still participate in their staking process & earn staking rewards. In addition to the PoS checkpointing, Polygon utilizes block producers at the block producer layer to gain a higher degree of decentralization. These block producers give completeness to the leading chains employing checkpoints and fraud-proof tools.
Being one of the projects that contributed massively to the development of the Ethereum ecosystem, MATIC is prevalent among online exchanges that focus on Defi. The top exchanges where you can buy, sell, and trade MATIC include Binance, Coinbase, BTCEX, MEXC, CoinW, Bitrue, and KuCoin. Common MATIC price pairs are MATIC/USD, MATIC/GBP, MATIC/AUD, MATIC/EUR, and MATIC/JPY.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..