Polygon has announced plans to upgrade its MATIC tokens to a new token called Polygon (POL). This upgrade aims to address the demand for scalability while maintaining a high level of security. The migration process from MATIC to POL is expected to begin in the coming months, pending community approval. The upgrade process will be user-friendly, with token holders needing to send their MATIC tokens to a specific smart contract to convert them into POL tokens. Polygon has also proposed a grace period of four years for token holders to complete the upgrade. The upgrade is part of Polygon’s strategy to collaborate with prominent projects and platforms. The article also includes unrelated information about Slurpee NFTs and regulatory efforts to prevent illicit activities in crypto transactions.
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