Coinbase Adds Upcoming Polygon Native Token (POL) to Listing Roadmap Ahead of September’s MATIC Rebrand

Coinbase has added the yet-to-be-launched Ethereum native token (ETH) layer-2 Polygon to its itemizing roadmap.

The announcement is made by way of social media platform X, the main US crypto alternate say it positioned Polygon’s POL on the itemizing roadmap, which the alternate created in 2022 for the aim of transparency and to forestall front-running of token listings.

POL is the upcoming rebrand of Polygon’s MATIC, which is able to launch on September 4, in keeping with Polygon Labs.

MATIC will finally get replaced by POL because the native gasoline and stake token for Polygon within the early phases of the transition. In subsequent phases, the neighborhood will determine whether or not to broaden the usefulness of POL.

The token rebrand was first proposed final July as a method to spice up the community’s development. Weeks later, Sandeep Nailwal, founding father of Polygon Labs, defined that the proposal was a part of the blockchain’s transition to Polygon 2.0.

Inform the builders,

“In the long run, present neighborhood consensus means that POL will assist broader roles within the Polygon staking hub (due in 2025), together with block technology, zero-knowledge proof technology and participation in Information Availability Committees (DACs )…

Subsequent [the proposal]consensus was reached that Polygon PoS validators ought to stake POL to earn protocol rewards and transaction charges in POL. That implies that each single transaction that takes place on Polygon PoS, beginning September 4, will use POL because the native gasoline token. That’s the short-term profit.”

Coinbase already helps buying and selling in MATIC, which at the moment prices $0.523.

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