BigONE exchange now supports the Polygon mainnet and offers a MATIC/USDT trading pair. Both will achieve more ecological cooperation in the future.
Polygon (MATIC), an Indian cryptocurrency, intends to make Ethereum blockchain transactions faster and cheaper. It has lofty goals for the future. Its purpose is to establish a foundation for blockchain networks in the future, where users will create connections to each other rather than exist on fully independent blockchain networks. This can provide developers with the best of both worlds. They can create their own independent blockchain and take advantage of all its advantages, including scalability and flexibility.
Polygon’s cryptocurrency MATIC has the following use cases:
Gas fees: These transaction fees on the Polygon network are paid in its cryptocurrency.
Governance: Polygon is a governance token, which means that token holders help influence the project’s future by making and voting on proposals.
Staking: Staking is when you lend out cryptocurrency. With Polygon, you can stake tokens and use them in exchange for interest. Currently, you can get a staking Polygon annual interest rate of more than 15%, although the interest rate often changes every day.
Polygon holders ran wild in 2021. In January, the value of a single Polygon token was slightly less than $0.02. On May 18, 2021, the value rose to 2.68 US dollars, increasing more than 13,000%. With the gradual cooling of the cryptocurrency market, the current price of Polygon is about US$0.94, which shows the volatility of this cryptocurrency and its profitability.
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About BigONE
BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
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Source : cryptodaily.io
