XREX listed Polygon (MATIC) on 18 August 2022. This further diversifies the list of tokens and coins that users can buy, sell, convert, and trade on the XREX platform. We are glad to offer more investment options to our users after detailed analysis conducted by our security and risk management teams. Factors taken into consideration include (but not limited to) tokenomics, utility, developer team, roadmap, potential, and liquidity.

In this article, we've prepared some basic information about one of our listed cryptocurrency on the XREX crypto-fiat exchange – MATIC.

Basic information:

Coin name: MATIC

Issuer: Polygon

Supply: The maximum supply of MATIC is 10 billion tokens; Circulating Supply: 8,006,803,952 MATIC

Description:

Polygon has its own cryptocurrency, called MATIC, which is used to pay fees on the Polygon network, for staking, and for governance (which means that MATIC holders get to vote on changes to Polygon). The name MATIC comes from an earlier stage in Polygon’s development. After launching as Matic Network in October 2017, developers rebranded as Polygon early in 2021. MATIC is an ERC-20 token, meaning that it's compatible with other Ethereum-based digital currencies.

Important links:

Litepaper: https://www.allcryptowhitepapers.com/wp-content/uploads/2019/04/matic-litepaper.pdf

Official website: https://polygon.technology/matic-token/

We are glad to offer more coins and tokens to our users on the XREX crypto-fiat exchange. However, before investing in any cryptocurrencies, it is important to do one’s own research and have a comprehensive understanding as cryptocurrency trading is subject to high market risk.

Happy trading!

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