We're speeding up our digital assets offering and are excited to introduce you to our newest addition to the NBX family: meet MATIC!
What you should know about this token? Let's get to some basics first.
What is MATIC?
Coin/Token name: Polygon (MATIC)
Max supply: 10,000,000,000
Supply: ∼6.72B MATIC (as of 18 Oct 2021)
Сurrent Market cap: ∼$10,114,475,779 (as of 18 Oct 2021)
Introduction to Polygon
It was previously known as Matic Network, hence the ticker name MATIC, but rebranded to Polygon when its scope expanded. Polygon originated from four software engineers - Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. All based in Mumbai.
It is one of the first structured, easy-to-use scaling solutions for Ethereum, backed by Coinbase and Binance. It's also called the "Internet of Blockchains'' due to its full-fledged multi-chain system. The token importance will grow over time and could facilitate governance and more security for the network.
How can I get Polygon, and what can I do with it?
You can now trade MATIC directly with us. It can be bought or sold anytime, anywhere. You can trade it on NBX, hodl it or earn interest on it.
Why did we choose to list Polygon?
At NBX, we are dedicated to projects/networks that use the value of the blockchain to redefine their business models while giving both retail and corporate investors new ways to invest in the cryptocurrency space. We believe that Polygon, with its easy-to-use scaling solution for Ethereum to build various applications, is necessary for the adoption. Dive deeper into Polygon:
This text is intended to inform and is not an investment recommendation.