You can now buy, sell and store Polygon (MATIC) on Young Platform!
What is Polygon?
Polygon is a network and blockchain that is based on Ethereum, but has built an entire ecosystem to facilitate the development of scalable blockchain solutions.
This means that instead of creating an app directly on the Ethereum blockchain, which requires high costs and relatively long transaction confirmation times, developers can use the tools offered by Polygon to create apps with the same convenience, but by paying more stable fees and being able to rely on instant transactions.
How does MATIC work?
MATIC is Polygon’s ERC-20 token, which is used to pay for network costs, hence the fees and gas needed to generate smart contracts and DApps.
MATIC can also be staked in the Matic Wallet, in fact, it powers the Proof-of-Stake consensus mechanism on which Polygon’s main blockchain is based.
Why has Young Platform decided to list it?
MATIC is now ranked 19th in the crypto market. Its ecosystem has grown enormously over the last year, thanks to the migration of many DeFi protocols (and others) onto its network.
To date there are about 3000 DApps on Polygon, including DeFi applications, DAOs (decentralised autonomous organisations), gaming DApps, NFT apps and much more.
Polygon is one of the main scalability and interoperability solutions on the market, which differs from the others because of its compatibility with Ethereum, from which it derives the characteristic of a wide and flexible ecosystem that can easily support any type of project.
Available pairs?
On Young Platform and Young Platform Pro you can buy and sell Polygon with the following pairs:
- MATIC/EUR
Want to know more?
Read our article about Polygon on the Young Academy!