Polygon Labs introduced its latest Ethereum contract for their new token, named the Polygon Ecosystem Token, abbreviated as POL, on October 25. This new token is poised to take the place of the currently used MATIC token eventually. Notably, at this juncture, the existing MATIC token holders are not required to swap their holdings for the new POL token. Records from the blockchain indicate that the POL token came into existence on October 25. The essence of this introduction was explained by the Polygon team: they envision POL as the driving force behind a broad ecosystem of zero...
source: https://tokenpost.com/Polygon-Labs-Debuts-Ethereum-Contract-for-New-Token-No-Immediate-Switch-Needed-10887
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