As a seasoned crypto investor with a knack for spotting potential opportunities, I find myself excited about Binance’s latest move to list Polygon (POL) on its platforms. Having closely followed the evolution of Polygon and its native token MATIC, it’s intriguing to see this transition unfold.
The well-known cryptocurrency exchange, Binance, has revealed that it has successfully carried out the token swap for Polygon (MATIC), now referred to as Polygon (POL). Consequently, users can now deposit or withdraw their new POL tokens. Furthermore, Binance plans to integrate the new token across several of its services: Polygon (POL) will be available on Binance Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest at the specified dates and times detailed below.
Starting today, September 13th, Binance has introduced the ability to trade Polygon (POL) against BNB, BRL, BTC, ETH, EUR, FDUSD, JPY, TRY, USDC, and USDT. Trading bots and copy trading are planned to be activated at a later time.
On September 4th, MATIC was rebranded as POL, taking on the role of the network token within the Polygon ecosystem. The initial supply of POL is fixed at 10 billion tokens, with an annual inflation rate of 2% over the first decade. It’s important to note that token dilution might occur due to periodic emissions.
Important dates to note
Amid the new listings for the POL token, here are important dates announced by Binance.
On September 13th, at 12:15 PM UTC, Binance Futures is planning to debut the POL Perpetual Contract, offering a maximum leverage of 75 times.
As a crypto investor, I’m excited to announce that the POL Simple Earn Flexible and Locked Products will officially be listed on Binance Simple Earn starting from September 13 at 10:00 a.m. (UTC). This means these products will now be open for subscription, providing me with new opportunities to grow my crypto portfolio!
Starting September 16th, 10:00 a.m. (UTC), users can buy POL using any of the payment methods supported by Binance Auto-Invest. Additionally, from September 16th, 6:00 a.m. (UTC) onwards, POL Dual Investment will become available for subscription.
On September 13, starting at 12:00 PM UTC, Binance Margin will introduce Polygon’s native token (POL) as a new asset that can be borrowed, available for use in both Cross and Isolated Margin trading. Additionally, the POL/USDT, POL/USDC, and POL/FDUSD trading pairs will also be accessible on Cross and Isolated Margin from this date.
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2024-09-13 15:44