NEAR PROTOCOL (NEAR)
NEAR PROTOCOL (NEAR)
Coin: POLYGON (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
Twitter Sentiment
| Positive | Neutral | Negative |
Tokenomics
Refers to the strength of the tokens supply and demand dynamics.
|
|
|
Security
Refers to how prone the blockchain is to attacks from various sources.
|
|
|
Scalability
Refers to the blockchains ability to support increasing loads of transactions over time.
|
|
|
Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
|
|
|
Applications
Refers to how well the projects core functions solve on and off chain problems.
|
|
|
Team & Developers
Refers to the experience, knowledge and strength of the projects core team & developer community (ie. Github).
|
|
|
Usage & Adoption
Refers to how widely used and adopted the projects core applications are by the broader economy.
|
|
|
Community Strength
Refers to the size, loyalty and legitimacy of a projects community across Twitter, Reddit, Discord, Youtube & more.
|
|
|
Overall Rating
Refers to the combined rank computed as a simple average.
|
Investors:
Coinbase Ventures
|
|
|
Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Polygon, previously know as Matic, was founded by four software engineers based in Mumbai India. In 2019 Matic was funded by Binance through their launchpad platform, where they held their Initial Exchange Offering (IEO). The Polygon Rebranding took place in early 2021 in an attempt to promote the protocol as Ethereum’s internet of blockchains. The Polygon network exists as a layer two platform operating on the Ethereum Blockchain and is still powered by the Matic Token. This token has a maximum supply of 10 billion tokens and can be held directly in the Matic Wallet.
Polygon uses plasma chains, smart contract functionality and decentralized applications to achieve faster and lower transactions speeds than Ethereum. It can scale to millions of transactions per second at the cost of $1 per 1 million transactions. Recent partnerships with Circle, Chain-link and USDC, exhibit the projects strong momentum. Coverage of Polygon is brought to you by Platypus Terminal.
Similar coins
HELIUM (HNT)
HELIUM (HNT)
HELIUM (HNT)
CHAINLINK
CHAINLINK
CHAINLINK
BAND
BAND
BAND
Articles related to POLYGON (MATIC)
