MATIC
Reputation Ratings

MATIC

Matic Network 5-10 years
Website https://matic.network/
Browser
OTH RELPs
Github
White Paper
Avg Price
+1.12%
1D

$ 0.488897 USD

$ 0.488897 USD

Market Cap

$ 5.2984 billion USD

$ 5.2984b USD

24h trading volume

$ 222.214 million USD

$ 222.214m USD

7d Vol

$ 1.698 billion USD

$ 1.698b USD

Circulating supply

9.8976 billion MATIC

Related information

Issue Time

2019-04-30

Platform pertained to

--

Current price

$0.488897USD

Market Cap

$5.2984bUSD

Volume of Transaction

24h

$222.214mUSD

Circulating supply

9.8976bMATIC

Volume of Transaction

7d

$1.698bUSD

Change

24h

+1.12%

Number of Markets

1419

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2019-04-06 06:41:04

Language Involved

--

Agreement

--

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Historical Price

Introduction

Markets

3H

-0.35%

1D

+1.12%

1W

-3.89%

1M

-3.35%

1Y

-26.13%

All

+1869.29%

Cryptocurrency Overview

MATIC is a cryptocurrency known for its scalability solutions on the Ethereum network. It operates as the native token of Polygon, a platform designed to enhance blockchain interoperability and scalability. MATIC facilitates faster and cheaper transactions compared to Ethereum, making it ideal for decentralized applications (dApps) and projects seeking efficient blockchain solutions. Polygon's Layer 2 scaling technology, supported by MATIC, aims to alleviate Ethereum's congestion issues, enabling developers to build and deploy dApps with improved speed and cost-effectiveness.

Cryptocurrency Overview

Introduction to cryptocurrency exchanges

MATIC is supported on major cryptocurrency exchanges such as Binance, Coinbase, Huobi, and Kraken. These platforms provide liquidity and accessibility for buying, selling, and trading MATIC tokens.

Mobile trading app for buying cryptocurrencies

To buy MATIC coins using a mobile trading app, you can download apps like Binance, Coinbase, or Kraken on your smartphone. Create an account, deposit funds, navigate to MATIC's trading pair (usually MATIC/USD or MATIC/BTC), and execute your buy order. Ensure to review fees and verify your transaction details before confirming. These apps offer convenience and real-time trading updates on the go.

Why it's the best token

MATIC is considered advantageous due to its scalability solutions on Ethereum, facilitating faster and cheaper transactions for decentralized applications, making it a preferred choice among developers and users seeking efficiency and cost-effectiveness in blockchain technology.

Token address

The official contract address for the MATIC token is:

Polygon: 0x0000000000000000000000000000000000001010

old Ethereum: 0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0

Token transfer

MATIC token transfers refer to the movement of MATIC tokens between different addresses on the Ethereum blockchain. This process allows users to send, receive, and trade MATIC tokens securely and efficiently, leveraging Ethereum's robust network for transactions.

Introduction to cryptocurrency ATMs

MATIC tokens are not typically supported directly by ATMs. They are primarily traded and accessed through cryptocurrency exchanges.

Cryptocurrency wallets

MATIC tokens are compatible with various types of cryptocurrency wallets, including software wallets like MetaMask, Trust Wallet, and MyEtherWallet, which support Ethereum-based tokens. Hardware wallets such as Ledger and Trezor also provide secure storage options for MATIC, ensuring private key protection and offline storage capabilities.

Cryptocurrency trading market charts

MetricValue
Price (USD)$0.54
24-Hour Trading Volume (USD)$210,700,000
Market Capitalization (USD)$5,000,000,000
Circulating Supply9.28 Billion MATIC
Max Supply10 Billion MATIC
7-Day High$0.56
7-Day Low$0.52

Market cap/value of the currency

As of July 21, 2024, Polygon (MATIC) has a market capitalization of approximately $5 billion. This means the total value of all MATIC coins in circulation is estimated at that amount.

The current price of one MATIC token is around $0.54. This price fluctuates constantly based on supply and demand in the market.

Earning free cryptocurrencies/airdrops

Here are ways to earn MATIC and potentially get free tokens through airdrops:

  • Staking MATIC:
    • Validators/Delegators: You can stake your MATIC to become a validator or delegate it to an existing validator. This helps secure the network and earns you rewards in MATIC.
    • Platforms: Staking can be done directly on the Polygon network or through various platforms like Binance Staking or Lido.
    • Providing Liquidity:
      • Decentralized Exchanges (DEXs): Provide liquidity for MATIC trading pairs on DEXs like Uniswap or Quickswap to earn a portion of the trading fees.
      • Yield Farming: Participate in yield farming platforms that offer rewards in MATIC for providing liquidity or staking LP tokens.
      • Participating in Polygon Ecosystem Projects:
        • Airdrops: Many projects built on Polygon have offered airdrops to early users and MATIC holders. Stay active in the community and follow projects on social media to keep track of potential airdrops.
        • Rewards Programs: Some projects offer rewards in MATIC for completing tasks, providing feedback, or contributing to the ecosystem.
        • Bug Bounties and Hackathons:
          • Polygon Bug Bounty Program: Report bugs and vulnerabilities in the Polygon network to earn rewards in MATIC.
          • Hackathons: Participate in Polygon-sponsored hackathons to build projects and potentially win MATIC prizes.

          Cryptocurrency taxation

          In the U.S. (and many other countries), trading MATIC is considered a taxable event, similar to trading stocks or other assets.

          • Capital Gains Tax: When you sell MATIC for a profit, you'll owe capital gains tax on the difference between your purchase price (cost basis) and the sale price.
          • Holding Periods:
            • Short-term (less than a year): Taxed at your ordinary income tax rate.
            • Long-term (one year or more): Taxed at a lower capital gains rate.
          • Losses: If you sell MATIC for a loss, you can use it to offset other capital gains or deduct up to $3,000 from your ordinary income.

          Cryptocurrency security

          MATIC cryptocurrency maintains security through its integration with the Ethereum blockchain, leveraging Ethereum's robust network and consensus mechanisms. Its security features include encryption protocols for transactions and smart contracts, regular audits of code and network integrity, and community-driven governance to address potential vulnerabilities promptly. Additionally, MATIC's ecosystem emphasizes user education on best practices for securing private keys and utilizing trusted wallets, ensuring a secure environment for users and developers alike.

          Currency login

          To access MATIC tokens, users typically log in through supported cryptocurrency wallets or exchanges. This involves creating an account, securing login credentials, and possibly enabling two-factor authentication for added security. Once logged in, users can manage their MATIC tokens by viewing balances, conducting transactions, and monitoring market activity through the platform's interface. Always ensure to use trusted platforms and safeguard login information to protect assets effectively.

          Supported Payment Methods for Purchasing

          MATIC tokens can be purchased using various payment methods on supported cryptocurrency exchanges. Common options include bank transfers (ACH, SEPA), credit/debit cards (Visa, Mastercard), and sometimes alternative payment methods like PayPal or even direct cryptocurrency deposits from other wallets. Each exchange may offer different payment options based on user location and regulatory compliance. It's advisable to check with the specific exchange for available payment methods and any associated fees before making a purchase.

          Supported Payment Methods for Purchasing

          Online purchase of USD/USDT

          To buy MATIC online with USD or USDT, you can use major cryptocurrency exchanges like Binance, Coinbase, or Kraken. First, create an account, complete identity verification if required, deposit USD or USDT into your account via bank transfer or other supported methods. Then, navigate to the MATIC trading pair (e.g., MATIC/USD or MATIC/USDT), enter the amount you want to purchase, review transaction details, and confirm your order. Always consider fees and ensure the exchange supports your preferred payment method.

          Buying cryptocurrency with a bank credit card

          Buying MATIC with a bank credit card involves using a cryptocurrency exchange that supports credit card purchases, such as Binance or Coinbase. Start by creating an account and completing identity verification. Then, navigate to the buy/sell section, select MATIC as the cryptocurrency to purchase, choose the credit card payment option, and enter your card details. Confirm the transaction details, including fees and exchange rates. Upon approval, the MATIC tokens will be credited to your exchange wallet. Always ensure your chosen exchange is reputable and secure, and be mindful of any associated fees and limits.

          Purchasing at ATM machines

          While you can't buy MATIC directly from most crypto ATMs, there's a workaround using Bitcoin ATMs:

          • Find a Bitcoin ATM: Locate a Bitcoin ATM near you. You can use online directories like Coin ATM Radar to find one.
          • Buy Bitcoin: Use the ATM to purchase Bitcoin (BTC) with cash or a debit card.
          • Transfer to an Exchange: Send the Bitcoin you purchased to a cryptocurrency exchange that supports MATIC trading (e.g., Coinbase, Binance, Kraken).
          • Trade for MATIC: On the exchange, use your Bitcoin to buy MATIC.
          • Buying with loans/financing

            • Crypto-Backed Loans: Platforms like CoinRabbit or YouHodler let you use your existing crypto (e.g., Bitcoin, Ethereum) as collateral to borrow cash, which you can then use to buy MATIC.
            • Margin Trading: Some exchanges (e.g., Binance, Kraken) offer margin trading, where you can borrow funds to buy MATIC. This is high-risk due to potential liquidation if the market moves against you.
            • About support for monthly payments of tokens

              To purchase MATIC tokens on a monthly basis, you can set up a recurring buy (dollar-cost averaging) on platforms like Coinbase or Binance. After creating an account and linking your payment method (bank account or credit card), navigate to the recurring buy section, select MATIC, specify the amount and frequency (monthly), and confirm. This method allows you to automate your MATIC purchases over time, reducing the impact of market volatility and potentially accumulating more tokens over the long term.

User Reviews

More

96 ratings

Participate in evaluation
Lala27
Polygon is much cheaper than Ethereum Use it now WikiPeeps
2023-11-15 19:07
8
Habiba56
The consistent updates and improvements to the Polygon network showcase a dedication to staying ahead in the ever-evolving blockchain landscape.
2023-11-23 15:20
3
Dan3450
$MATIC is undoubtedly one of the tokens that many cryptocurrency enthusiasts hold close to their hearts, and for good reason.
2023-10-30 19:58
1
Abeveluv78
The strategic partnerships and collaborations with established projects showcase Polygon's ability to build a strong network effect, benefitting token holders."
2023-11-23 18:38
7
Benfa4153
Polygon's commitment to sustainability, coupled with its low energy consumption compared to proof-of-work networks, reflects a forward-thinking approach.
2023-11-23 15:23
2
AdaGod
Polygon's commitment to reducing environmental impact through its proof of stake consensus mechanism aligns with the growing emphasis on sustainability in the crypto space
2023-11-23 14:38
5
abitofcrypto
lots of instability with matic these past few years, I'm hesitant to hold.
2023-08-25 08:34
1
Newton2834
DAY 2Token 2 Polygon ( Matic )www.forbes.com › cryptocurrency › wha...20 Apr 2023 · Polygon is a Layer 2 blockchain that aims to help Ethereum with its scalability. It is very efficient and effective 👍
2023-12-20 00:57
5
SolNFT
Day2. Word puzzle. Token2.Polygon is a Layer 2 scaling solution for Ethereum. It provides faster and cheaper transactions by utilizing sidechains.
2023-12-19 22:05
7
fazzy
polygon's commitment to decentralization and security provided me with confidence in it's long term viability as an investment."
2023-11-23 21:20
5
Pweetyrose
Investing in Polygon was a strategic move due to its strong developer community, fostering innovation and creating a robust ecosystem.
2023-11-23 20:30
2
Zubby5916
The security measures implemented by Polygon, such as checkpoints and fraud proofs, contribute to a trustworthy environment for investors."
2023-11-23 20:08
7
Nassi
Polygon's commitment to innovation, evident in its continuous upgrades, reflects a forward-thinking approach that resonated with my investment strategy."
2023-11-23 15:51
9
Michael 950
Polygon token's scalability solutions are a game-changer, addressing the high gas fees and slow transaction times on the Ethereum network
2023-11-23 14:31
4
leofrost
Matic Network (now Polygon) is a Layer 2 scaling solution for Ethereum, enhancing scalability and user experience. It offers faster transactions and reduced fees. The project gained traction for its commitment to DeFi and NFT ecosystems. However, always monitor developments and adoption trends for a current assessment.
2023-11-22 03:47
2
Windowlight
Matic Network, now rebranded as Polygon, is a layer 2 scaling solution for Ethereum. Widely praised for significantly reducing transaction costs and times, Polygon enhances the overall Ethereum ecosystem. Its commitment to interoperability and developer-friendly tools has positioned it as a valuable player in the blockchain space, providing solutions to scalability challenges.
2023-11-21 00:54
4
Lala27
MATIC tokens are used to govern and secure the Polygon network and pay transaction fees. It is one of the safe and reliable blockchain. Make sure you hold MATIC.
2023-10-30 19:43
3
Jane4546
Matic is one of my fav token ,just heard from some whales it can reach 1$ price this end of 2023 Soo good luck holder's....
2023-10-05 02:13
7
agwom443
Polygon's user-friendly interfaces and developer tools contribute to its widespread adoption, creating a positive outlook for the token's value.
2023-11-23 16:28
9
seledots
this startup the most stable token, the utility is going well too
2023-08-23 06:50
5

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