The Polygon Network Runs on POL Instead of MATIC: What to Watch in Your Wallet, Fees and Polygonscan

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.MATIC has become POL, one to one and without any haircut in value. What that means for your holding, how to set Polygon up, what a transfer costs and how to read Polygonscan.Anyone who has held crypto for a few years stands a good chance of still having a position in MATIC somewhere. The token no longer exists in that form. The Polygon network has replaced it with POL, as a pure change of name and function at a rate of one to one, without any haircut in value. Anyone who never carried out the exchange will find their balance either long since converted automatically or still sitting as the old token on Ethereum, depending on where it is kept. This piece answers both questions: what happened to your MATIC, and how you use the Polygon network day to day. So setting up a wallet, judging the fees, reading the block explorer Polygonscan, and knowing the traps that most often catch people out when withdrawing from an exchange. POL instead of MATIC: what actually happened in the token ...