Polygon MATIC
Report IssueMatic Network solves the problems by creating a decentralized platform using a customized version of the Plasma platform, which provides a solution for faster and extremely low-cost transactions with finality on the main chain. The system ensures functionality using PoS checkpoints, which are transmitted to the Ethereum main chain. This allows a single Matic sidechain to theoretically reach 216 transactions per block and potentially millions of transactions across multiple chains in the future.
Details
$0
+2.78%
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Blockchain
ByBit 
Binance 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$0 +2.78%
$0.00263
Coinbase Ventures Tier 1
Sequoia Capital Tier 1 MATICPolygon
USDCUSD Coin
Ethereum
Short Review Polygon
Crypto project Polygon (MATIC) is classified as a Blockchain. Polygon is a Utility token that is hosted on the Polygon Network. The current total supply is 10.00 B MATIC (Circulating Supply + Tokens yet to be released - Burned Tokens). (32.3% of total tokens) have been allocated for the public sale. The level of social activity of the Polygon project is assessed as High.
Polygon ICO Overview
Public sale of tokens will take place on the Binance Launchpad. Estimated date for the public token sale: 26 April 2019. Polygon (MATIC) price during the token sale: 0.00263 USD. Min/Max Personal Cap: TBA / 300 USD. You can purchase project tokens for BNB
MATIC Price Chart
The launch of MATIC token trading took place on 26 April 2019.
Fundraising Rounds
Total sold 2.28 B MATIC tokens (0.23% of total tokens). Total amount of funds raised by the Polygon project is $455.56 M.
| Investment Round | Date | Price | Funds Raised |
| Funding Round | February 2022 | -- | $450.00 M |
| Main Sale | April 25, 2019 | $0.00263 | $4.94 M |
| Early Supporters | March 2019 | $0.0026 | $450,000.00 |
| Seed | March 2019 | $0.00079 | $165,000.00 |
Polygon Investors
Coinbase Ventures Tier 1 Sequoia Capital Tier 1Detailed review of Polygon
Polygon (MATIC) is its own token ERC-20 platform Polygon. With Polygon, independent Ethereum-compatible blockchains can be combined into one multi-chain system. One of Polygon's goals is to provide faster and cheaper transactions. MATIC is used to pay for services on the network and as a settlement currency between users. This token is released monthly. This is a token that cannot be mined, so one way to get MATIC is to buy it. The total stock is 10,000,000,000 MATIC. According to the current schedule, all tokens should be issued by December 2022.
Polygon Project (MATIC)
MATIC was originally a token of the Matic network, the purpose of which was to simplify the interaction between clients and the blockchain. Matic used the Plasma platform to enable cheaper and faster transactions. The Matic platform has undergone a rebranding process. Now his name is Polygon. MATIC tokens will also be converted into Polygon tokens in the future. Polygon (at that time Matic) appeared in October 2017. The project was created by three co-founders. Two blockchain developers (Jainti Kanani, Sandeep Nailwal) and a business consultant (Anurag Arjun). It is worth noting that before moving to an independent network in 2019, the Polygon team made major contributions to the introduction of Plasma MVP, the WalletConnect protocol and other important functions into the Ethereum network.
Polygon (MATIC) Benefits
Polygon provides a scalable solution for Ethereum. The Ethereum network is gaining popularity due to the growing number of decentralized applications being created and the NFT boom. So it's definitely worth attention. Here are some important features that application developers should consider:
- Compatible with all Ethereum features
- Fast deployment of various networks blockchain
- Customization possibility
- Interaction for networks
- Two types security (Ethereum validators or a pool of professional validators)
- Low transaction fees
Disadvantages of Polygon (MATIC )
- History of the past. The experience of the Matic project was not very successful. The functionality of the Matic network was not enough. It could only work as an Ethereum sidechain, helping to solve the problems with high gas fees and low transaction speeds.
- A lot of work. Rebranding and a new approach expanded the possibilities of using this network. The Polygon team is pursuing a very interesting goal. It could change the architecture of the Internet and create an Internet of blockchains. However, it is important to note that there is no single protocol that can guarantee interoperability between blockchains. Recently, we have witnessed an increase in interest in the Polygon platform and the MATIC token. Let's hope that the Polygon team will come up with more solutions in the future.
