OKX, a leading global cryptocurrency exchange and Web3 technology provider, has confirmed its support for the migration of MATIC tokens to POL, aligning with Polygon's official roadmap. The transition, set to commence on August 30, 2024, involves phased updates to trading pairs, deposits, and withdrawals. Below are the critical details:
Key Dates and Actions
- August 30, 2024: MATIC deposits/withdrawals suspended on Polygon PoS Network.
- Early September 2024: POL deposits/withdrawals open via ERC20 Mainnet.
- September 4, 2024: POL/USDT and POL/USDC spot trading pairs launch.
- September 9, 2024: MATIC pairs delisted; automatic 1:1 conversion of MATIC to POL.
User Advisory
- Settle outstanding loans and adjust margin positions before deadlines.
- Post-migration, POL will replace MATIC across all OKX services, including perpetual futures.
👉 Explore POL Token Migration Details
Why This Migration Matters
Polygon’s shift from MATIC to POL aims to enhance scalability and interoperability within its ecosystem. POL will serve as the primary token for staking, governance, and gas fees across Polygon’s multi-chain network.
FAQs
1. Will my MATIC holdings lose value after migration?
No. MATIC will convert to POL at a 1:1 ratio, preserving your asset’s value.
2. Can I trade MATIC after September 9, 2024?
No. MATIC trading pairs will be delisted; only POL pairs will remain active.
3. Is there a fee for the automatic conversion?
OKX does not charge users for the conversion process.
4. When will POL withdrawals be available?
Early September 2024, coinciding with ERC20 Mainnet support.
About OKX
Trusted by institutions worldwide, OKX integrates crypto markets with traditional finance, offering secure trading, DeFi access, and regulatory compliance. Monthly Proof of Reserves audits ensure transparency.
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