Polygon is built on Ethereum and uses POL as its central token. The ecosystem consists of several solutions, including zkEVM and Polygon PoS, creating opportunities for both developers and users. The Polygon PoS network uses a proof-of-stake-based consensus where validators stake POL to secure the network and validate transactions, providing both speed and energy efficiency. By buying POL, one gains access to a network where DeFi apps, NFT projects, and other Web3 solutions can be built with a focus on speed and scalability.
The project was launched as MATIC but has grown into a global network under the name Polygon. It is used by both startups and larger enterprises that want to leverage Ethereum at lower cost and higher speed, which has also contributed to increased attention to the POL price among investors.
POL is the key to the Polygon network. The token is used for transaction fees, staking, and project governance. It replaced MATIC and now powers Polygon’s continued development, while users can choose to buy or sell POL depending on their investment strategy.
Get started with 3 easy steps
Download the Safello App
Login with Mobile BankID
Select which cryptocurrency you want to buy and pay easily with direct payment