You might have heard about Polygon (MATIC) in the past, but you probably don’t know the token is now called “POL (ex MATIC).” Well, that’s because the Polygon Network switched MATIC to POL on September 4, 2024.
The network upgrade resulted in a name change, and POL (ex MATIC) is now the new ticker for the Polygon token. In the same light, Quidax has upgraded all existing Polygon (MATIC) tokens on the exchange to the new Polygon (POL).
If you had the old MATIC tokens on Quidax, there’s no need to worry or take any action. We have replaced your tokens with the new POL upgrade in a 1:1 ratio. So, you’ll have the same amount of tokens in your new POL wallet as you did in the old MATIC wallet.
Looking at its price trend, the token migration and the current positive sentiment in the broader crypto market have positively impacted the POL price. As of the time of writing this post, the POL price is about $0.4, up by over 8% in the past week.
How to Deposit or Withdraw POL (ex MATIC) on Quidax
You can deposit POL (ex MATIC) on Quidax using the steps below:
- Sign in to your account on the Quidax web or mobile app
- Tap the “Trade” button and choose between the Instant Swap or Order Book feature
- Search for “POL” from the available markets
- Enter the amount to deposit
- Verify and complete the transaction
You can withdraw TON on Quidax using the steps below:
- Sign in to your account on the Quidax web or mobile app
- Click the “Wallets” button and select “POL (ex MATIC)” from the available options
- Tap the “Send” button and enter the amount to withdraw
- Select the receiving wallet’s network and enter the recipient’s wallet address
- Verify and complete the transaction
