POL (Polygon)

Project basic information

Issue Time：--
Total Supply：10,248,739,753
Circulation ：278,872,417
White paper：https://polygon.technology/papers/pol-whitepaper
Website：https://polygon.technology/
Block Explorer：https://etherscan.io/token/0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6

Project Introduction

The Polygon Ecosystem Token serves as a utility token within the expansive Polygon network. This digital asset plays a crucial role in facilitating a wide range of operations and services across the Polygon ecosystem. Its primary functions include staking, where token holders can lock up their tokens as a form of security and in return, participate in the network's consensus mechanisms. Furthermore, the token is instrumental in governance processes. Holders of the Polygon Ecosystem Token have the privilege to vote on various proposals and decisions that influence the development and direction of the Polygon network.

The security of the Polygon Ecosystem Token is multifaceted, incorporating both technological and community-driven approaches to ensure its integrity and safety. At its core, the token leverages a proof-of-stake mechanism, which is a consensus model that requires validators to hold and stake tokens as a form of security deposit. Further enhancing security, the ecosystem employs rate limits and checkpoints. Rate limits are designed to prevent spam and abuse by limiting the number of transactions or operations a user can perform in a given timeframe.

The Polygon Ecosystem Token has experienced several significant milestones that highlight its growing integration and importance within the broader cryptocurrency landscape. These events not only demonstrate the token's utility but also its potential for future growth and adoption.