Polygon CEO Considers Changing POL Token Back to Matic

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Polygon CEO Sandeep Nailwal recently Chia on the X platform about the possibility of changing the project's Token back to Matic, after receiving a lot of feedback from the community that Matic is more recognizable than POL. Currently, Polygon 's official Token is POL, but many investors and long-time users in the community believe that Matic is still more familiar and Mnemonics .

Sandeep admitted that he personally wants to maintain the status quo and continue using POL. However, he also emphasized that decisions regarding the project should not be based solely on the opinion of the crypto community, as its participants represent less than 5% of the total cryptocurrency traders globally. This shows the difference between the sentiment of a small group of active users and the opinion of the broader market.

The Polygon CEO also expressed his desire to hear from a wider community, not just long-time fans. He warned that even if many users support the change back to Matic, there is no guarantee that exchanges will agree with this decision. This information is causing many investors to reconsider their trading strategies, especially in the context of Polygon expanding its product range on Layer-2 Ethereum, attracting new DeFi and Non-Fungible Token projects.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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