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Below you will find all the details about the coin. For more details you can visit the official website or the communication channels shown below. Details on the use of the currency in CoinRepublik are also displayed, such as the list of speculative markets, options or financial bets. If you are a token owner and would like to add it on CoinRepublik, please contact technical support.


Polygon (MATIC)
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications....

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What Is Polygon (MATIC) ?

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

To learn more about this project, check out our deep dive of Polygon Matic.

Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.

The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.

Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.

MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.
 
Who Are the Founders of Polygon ?

Polygon (formerly Matic Network) was launched in October 2017. Polygon was co-founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, two experienced blockchain developers and a business consultant.

Before moving to its network in 2019, the Polygon team was a huge contributor in the Ethereum ecosystem. The team worked on implementing the Plasma MVP, the WalletConnect protocol and the widely-used Dagger event notification engine on Ethereum.

The team included co-founder of Polygon, Jaynti Kanani. Jaynti, a full-stack developer and blockchain engineer currently serves as the CEO of Polygon.

Jaynti played an integral role in implementing Web3, Plasma and the WalletConnect protocol on Ethereum. Prior to his blockchain involvement, Jaynti worked as a data scientist with Housing.com.

Co-founder and chief operations officer of Polygon, Sandeep Nailwal is a blockchain programmer and entrepreneur. Before jointly starting Polygon (formerly Matic), Sandeep had served as the CEO of Scopeweaver, and the chief technical officer of Welspun Group.

Anurag Arjun is the only non-programming co-founder of Polygon. As a product manager, he has had stints with IRIS Business, SNL Financial, Dexter Consultancy and Cognizant Technologies.
 
What Makes Polygon Unique ?

Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions.

Polygon uses a customized version of the Plasma framework which is built on proof-of-stake checkpoints that run through the Ethereum main-chain. This unique technology allows each sidechain on Polygon to achieve up to 65,536 transactions per block.

Commercially, the sidechains of Polygon are structurally designed to support a variety of decentralized finance (DeFi) protocols available in the Ethereum ecosystem.

While Polygon currently supports only Ethereum basechain, the network intends to extend support for additional basechains, based on community suggestions and consensus. This would makePolygon an interoperable decentralized Layer 2 blockchain platform
 
How Many Polygon (MATIC) Tokens Are There in Circulation ?

MATIC tokens are released on a monthly basis. MATIC currently has a circulating supply of 4,877,830,774 MATIC tokens and a max supply of 10,000,000,000 MATIC tokens.

At its initial private sale in 2017, 3.8 percent of MATIC’s max supply was issued. In the April 2019 launchpad sale, another 19 percent of the total supply was sold. The MATIC price was $0.00263 per token, and $5 million was generated.

The remaining MATIC tokens are distributed as follows:

Team tokens: 16 percent of the total supply.
Advisors tokens: 4 percent of the total supply.
Network Operations tokens: 12 percent of the total supply.
Foundation tokens: 21.86 percent of the total supply.
Ecosystem tokens: 23.33 percent of the total supply.
According to the release schedule, all the tokens will be released by December 2022.
 
How Is the Polygon Secured ?

As a Layer 2 solution utilizing a network of proof-of-stake validators for asset security, staking is an integral part of the Polygon ecosystem. Validators on the network will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return.

Members of the network who do not wish to become validators can delegate their MATIC tokens to another validator, but will still take part in their staking process and earn staking rewards.

In addition to the proof-of-stake checkpointing, Polygon uses block producers at the block producer layer to achieve a higher degree of decentralization. These block producers give finality to the main chains using checkpoints and fraud-proof mechanisms.
 
Lender Colateral Interest Budget Details
Market Colateral Leverage Min size Trade
Description Size Fee Expires Details
Buy MATIC at 2.1 USD
Wrote by wkmokiee
224
MATIC
11% 3 years

Buy MATIC at 2.9 USD
Wrote by francesca999
162
MATIC
8% 3 years

Buy MATIC at 2.2 USD
Wrote by Yhoalex
200
MATIC
8% 2 years

Buy MATIC at 0.66 USD
Wrote by pyro800
662
MATIC
6% 2 years

Buy MATIC at 2.4 USD
Wrote by revathy
182
MATIC
11% 2 years

Buy MATIC at 1.9 USD
Wrote by ionela
223
MATIC
12% 2 years

Buy MATIC at 1.1 USD
Wrote by mongkolsak26
385
MATIC
13% 3 years

Buy MATIC at 2.5 USD
Wrote by Euphrates
168
MATIC
7% 2 years

Buy MATIC at 3.9 USD
Wrote by Bhaskar
107
MATIC
15% 1 year

Buy MATIC at 3.1 USD
Wrote by SacaracArts
134
MATIC
12% 2 years

Buy MATIC at 4.1 USD
Wrote by gs0369
101
MATIC
13% 1 year

Buy MATIC at 1.8 USD
Wrote by aewaew
230
MATIC
8% 2 years

Buy MATIC at 2.1 USD
Wrote by Yesi1622
197
MATIC
13% 3 years

Buy MATIC at 3.3 USD
Wrote by EucaB96
124
MATIC
9% 2 years

Buy MATIC at 0.97 USD
Wrote by user68
416
MATIC
8% 1 year

Buy MATIC at 1.2 USD
Wrote by szksz
336
MATIC
9% 2 years

Buy MATIC at 4.2 USD
Wrote by akaanish
96
MATIC
8% 1 year

Buy MATIC at 2.6 USD
Wrote by net1971
155
MATIC
8% 1 year

Buy MATIC at 2.3 USD
Wrote by Sujonm915
174
MATIC
10% 3 months

Buy MATIC at 1.1 USD
Wrote by ecartermatthew
361
MATIC
6% 2 years

Buy MATIC at 0.84 USD
Wrote by mirelys25
467
MATIC
13% 2 years

Buy MATIC at 1 USD
Wrote by des985
392
MATIC
12% 5 months

Buy MATIC at 3.2 USD
Wrote by Fleuridorand01
122
MATIC
10% 2 years

Buy MATIC at 2.6 USD
Wrote by joni1122
150
MATIC
8% 3 years

Buy MATIC at 2.2 USD
Wrote by Dygus
177
MATIC
10% 3 years

Description Budget Win Bets Details
Will Polygon touch 0.009 USD in the next 27 days ? 1.55
USD
30% 14

Will Polygon touch 0.01 USD in the next 4 days ? 2.71
USD
30% 14

Will Polygon touch 0.009 USD in the next 12 days ? 0.21
USD
30% 12

Will Polygon touch 0.02 USD in the next 10 days ? 0.24
USD
30% 11

Will Polygon touch 0.004 USD in the next 1 month ? 0.54
USD
30% 11

Will Polygon touch 0.009 USD in the next 9 days ? 3.5
USD
30% 11

Will Polygon touch 0.003 USD in the next 6 days ? 3.75
USD
20% 10

Will Polygon touch 0.005 USD in the next 2 months ? 1.02
USD
30% 10

Will Polygon touch 0.005 USD in the next 1 month ? 2.2
USD
25% 10

Will Polygon touch 0.005 USD in the next 2 days ? 5.59
USD
20% 9

Will Polygon touch 0.005 USD in the next 5 days ? 4.15
USD
20% 9

Will Polygon touch 0.005 USD in the next 1 day ? 0.06
USD
20% 9

Will Polygon touch 0.009 USD in the next 2 days ? 5.17
USD
30% 8

Will Polygon touch 0.005 USD in the next 16 days ? 1.4
USD
25% 8

Will Polygon touch 0.005 USD in the next 21 days ? 0.25
USD
25% 8

Will Polygon touch 0.005 USD in the next 2 months ? 0.07
USD
30% 8

Will Polygon touch 0.005 USD in the next 1 month ? 2.49
USD
30% 8

Will Polygon touch 0.005 USD in the next 2 months ? 0.14
USD
30% 7

Will Polygon touch 0.01 USD in the next 8 days ? 0.15
USD
30% 7

Will Polygon touch 0.007 USD in the next 13 days ? 1.875
USD
25% 7

Will Polygon touch 0.005 USD in the next 7 days ? 4.65
USD
20% 7

Will Polygon touch 0.02 USD in the next 9 days ? 0.02
USD
30% 7

Will Polygon touch 0.009 USD in the next 1 month ? 0.57
USD
30% 7

Will Polygon touch 0.003 USD in the next 2 months ? 1.66
USD
30% 7

Will Polygon touch 0.003 USD in the next 1 month ? 1.275
USD
25% 6







 

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Transactions in derivatives based on foreign exchange rates or the prices of precious metals, commodities or equity indices products carry a high degree of risk. Any transaction involving these products is exposed to, among other things, changes in a country's economic condition or political climate as well as acts of nature or terrorism - each of which may substantially affect the price or availability of the these derivatives. Speculative trading in derivate products is a challenging prospect with a high level of risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to trading these products. Most importantly, do not invest money that you are not in a position to lose. In addition, trading on a margin basis means that any market movement will have a magnified effect on your deposited funds. This can work against you as well as for you. The possibility exists that you could sustain a total loss of all the funds you have deposited. PipsTycoon's trading system is designed to automatically liquidate all open positions if your margin deposit is in jeopardy so that you cannot lose more than the funds you have on deposit in your account. We encourage you to employ such risk-reducing strategies as 'stop-loss' or 'stop-limit' orders, but you should be aware that market conditions may make it impossible to close out your order at the level specified. There are also risks associated with using an Internet-based trade execution software application including, but not limited to, the failure of hardware and software. ANNO1777 Labs maintains ‘back up’ systems and contingency plans to minimise the possibility of system failure. Before deciding to trade, you should become aware of all the risks associated with leveraged productstrading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to your trading operations any direct, indirect, special, consequential or incidental damages whatsoever.
Copyright 2019 ANNO1777 Labs. All rights reserved.