Introduction:
Polygon is transitioning from MATIC to POL, starting September 4, 2024. POL is the new native token on the Polygon network, designed to enhance the scalability and security of the ecosystem. This blog will guide you through the simple steps to ensure your tokens are upgraded seamlessly using ELLIPAL.
Step-by-Step Guide:
No Action Needed for Polygon PoS Holders:
If you hold MATIC on the Polygon PoS chain, your tokens will automatically update in your ELLIPAL wallet. No additional steps are required.
Upgrade MATIC on the Ethereum Network:
- Visit Polygon’s upgrade portal.
- Connect your wallet using WalletConnect.
- Enter the amount of MATIC you wish to upgrade.
- Click to complete your upgrade.
About POL:
POL is the upgraded token replacing MATIC on the Polygon network. It’s designed to support the next generation of Polygon’s ecosystem, offering enhanced features for scalability, security, and governance.
Important Notes:
- There’s no deadline for this migration, so you have plenty of time to upgrade.
- For further details, check out the official Polygon blog.
Conclusion:
Keep your ELLIPAL wallet updated and stay tuned for more updates as we continue to support your crypto journey.