BigONE Strategy: a few things you need to know about Polygon
BigONE exchange now supports the Polygon mainnet and offers a MATIC/USDT trading pair. As a prospective first-time buyer of Polygon, BigONE feels you should know a few things.
Polygon (MATIC), an Indian cryptocurrency, intends to make Ethereum blockchain transactions faster and cheaper.
Polygon has piqued the interest of many investors due to its possible applications. It is now ranked amongst the top 20 in terms of market value. Although Polygon is popular, BigONE advises investors to buy only after thoroughly researching all relevant issues. These decisions are necessary for investors to assess their prospects and ups and downs.
Polygon provides performance-enhancing blockchain technology Polygon -A side chain is one of the first products offered by Polygon. The side chain links to the blockchain and improves its performance, resulting in faster transaction processing and lower costs.
Polygon aims to provide a framework for blockchain networks- Its purpose is to establish a foundation for blockchain networks in the future, where users will create connections to each other rather than exist on fully independent blockchain networks.
Polygon is compatible with the Ethereum virtual machine- The Ethereum Virtual Machine (EVM) is a software framework that allows developers to create their own decentralized apps.
Potential obstacles to Polygon- When considering investing in bitcoin, it is critical to understand the uses of cryptocurrency and the potential problems that may arise in the future. In the case of Polygon, we can see that it is not the only inter-blockchain network project; others enable interconnections, such as Polkadot and Avalanche. Projects like this may eventually co-exist, or a better solution can be created, and others can be left behind.
Polygon tokens can be used for fees, governance, and collateral
Polygon’s cryptocurrency MATIC has the following use cases:
Gas fees: These transaction fees on the Polygon network are paid in its cryptocurrency.
Governance: Polygon is a governance token, which means that token holders help influence the project’s future by making and voting on proposals.
Staking: Staking is when you lend out cryptocurrency. With Polygon, you can stake tokens and use them in exchange for interest. Currently, you can get a staking Polygon annual interest rate of more than 15%, although the interest rate often changes every day.
About BigONE
BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.
