Cryptocurrencies

Text

What kind of currency is MATIC coin? Introduction to the official website, circulation and trading platform of MATIC coins

With a maximum supply capped at 10 billion coins, approximately 8.5 billion MATIC coins were in circulation as of February 2023.

Oct 04, 2024 at 02:00 am

What is MATIC Coin: A Comprehensive Guide to the Official Website, Circulation, and Trading Platforms

1. Introduction
MATIC coin is the native cryptocurrency of the Polygon network, a layer-2 scaling solution for the Ethereum blockchain. Launched in 2017 by three Indian developers, MATIC aims to address scalability issues and provide a faster and more cost-effective platform for decentralized applications (dApps).

2. Official Website
The official website of MATIC coin is https://polygon.technology. It provides comprehensive information about the project, including its mission, team, technical specifications, and ecosystem updates.

3. Circulation
As of February 2023, the total circulating supply of MATIC coins is approximately 8.5 billion. The maximum supply is capped at 10 billion coins.

4. Trading Platforms
MATIC coins can be traded on a wide range of cryptocurrency exchanges, including:

Binance
Coinbase
FTX
Kraken
Uniswap

5. Use Cases
MATIC coins have several use cases within the Polygon network:

Transaction fees: MATIC is used to pay transaction fees on the Polygon blockchain.
Staking: MATIC holders can stake their coins to secure the network and earn rewards.
Governance: MATIC holders can participate in the governance of the Polygon network by voting on proposals.
dApp development: MATIC is used to develop and deploy dApps on the Polygon network.

Conclusion
MATIC coin is a key component of the Polygon network, providing scalability, cost-effectiveness, and governance capabilities. Its availability on major cryptocurrency exchanges and its wide range of use cases make it an attractive option for investors and developers alike.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

GMT

$0.2117

58.25%

Trade Now
PHA

$0.3814

40.60%

Trade Now
STRAX

$0.0835

28.85%

Trade Now
UFD

$0.1631

25.39%

Trade Now
THE

$1.5237

20.48%

Trade Now
MERL

$0.3089

19.61%

Trade Now

Latest Crypto News

Haliey Welch and the Hawk Tuah Memecoin Debacle
2024-12-27 20:25:02
The Presale of the Year: Bullionaire Coin ($BULL) Is Your Ticket to Altcoin Season Glory
2024-12-27 20:25:02
Top 5 Meme Coins to Buy Today: Redefining the Game of Digital Assets
2024-12-27 20:35:01
Bitcoin (BTC) Price Prediction: Will BTC Hit $100K by Christmas 2024?
2024-12-27 20:35:01
Frax Finance Opens Voting Period to Onboard BlackRock’s USD Institutional Digital Liquidity Fund as a Reserve Asset for New Stablecoin, Frax USD
2024-12-27 20:35:01
DOGEN: A Promising New Memetoken on the Solana Network
2024-12-27 20:25:02

Related knowledge

What Is The Difference Between Fungible And Non-Fungible Tokens?

Nov 26,2024 at 01:04pm

Fungible vs. Non-Fungible Tokens: A Comprehensive GuideIn the realm of blockchain technology, the concept of tokens lies at the core of many applications. Tokens represent digital assets that can be used to facilitate transactions, store value, or represent ownership. However, there exists a fundamental distinction between two types of tokens: fungible ...

What is a Public Key Infrastructure?

Nov 23,2024 at 12:30am

What is a Public Key Infrastructure?IntroductionA Public Key Infrastructure (PKI) is a framework that enables secure communication over a network by managing digital certificates and public-key cryptography. PKI plays a crucial role in various blockchain applications, ensuring data integrity, authentication, and non-repudiation.Components of a PKIA PKI ...

What is MEV (Miner Extractable Value)?

Nov 22,2024 at 06:22pm

What is Miner Extractable Value (MEV)?Introduction:Miner Extractable Value (MEV) is a term used to describe the profit that miners can make by manipulating the order of transactions in a block. This manipulation is possible because miners have the ability to choose the order in which transactions are included in a block, and they can use this power to f...

What is a Genesis Block?

Nov 24,2024 at 09:10pm

Decoding the Genesis Block: The Birth of BlockchainIntroductionThe Genesis block stands as the inaugural chapter in the blockchain saga, igniting the spark that revolutionized the world of finance and technology. This foundational block holds immense significance, embodying the inception of immutable ledgers, decentralized networks, and the transformati...

What Is an NFT Game?

Nov 26,2024 at 07:05am

What Is an NFT Game?Non-fungible tokens (NFTs) have taken the digital world by storm, empowering creators, collectors, and enthusiasts alike to own and trade unique digital assets. The integration of NFTs into the gaming industry has given rise to a captivating new realm known as NFT games, where players can not only enjoy immersive experiences but also...

What Is an NFT Marketplace?

Nov 22,2024 at 07:43pm

What Is an NFT Marketplace?An NFT marketplace is a platform that facilitates the buying, selling, and trading of non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership of a specific item, such as a piece of art, music, video, or other collectible. NFT marketplaces allow users to create, list, and purchase NFTs, with transact...