Polygon is a Layer-2 scaling solution aimed at bringing mass adoption to the Ethereum platform. It provides developers with the tools they need to create scalable decentralized applications (dApps) that are both secure and user-friendly.
The Matic token (MATIC) is Polygon’s native token and has several key uses within the ecosystem. One of its primary functions is to power the protocol through a gas-based mechanism used to pay network fees.
In addition to this, the MATIC token is also used for network governance, where users can vote on Polygon Improvement Proposals (PIPs), and for security through staking.
The use of MATIC is essential to the Polygon network and provides users with a range of benefits.Read Price Prediction for MATIC for 2023-24 One of its primary functions is to power the protocol through a gas-based mechanism used to pay network fees.Read more on ambcrypto.com