Hey FAM,
Mark your Calendars! The most anticipated MATIC to POL Upgrade is set into force on September 04, 2024. This upgrade will have an immediate impact on the Polygon’s Proof-of-network, where POL will replace MATIC to serve as the native gas and staking token of Polygon PoS. Additionally, assisting the network in ensuring the stability, and overall security.
Following the upgrade, Flitpay will officially delist MATIC on September 10, 2024, at 03:00 p.m. IST and will relist the new POL token.
At the time of relisting, all MATIC holdings in user accounts on Flitpay will automatically be swapped to POL tokens at a 1:1 ratio. This means for every MATIC token you currently hold, you will receive one POL token, ensuring a smooth transition without any additional action required from your side.
The following services will be affected during the MATIC-POL token swap event on September 10, 2024, 03:00 p.m. IST on Flitpay-
- Trading of MATIC tokens on both the Spot and Quick Buy/Sell (QBS) platforms will be temporarily paused and will resume by 04:00 p.m. IST.
- Any open or pending buy, sell, or trade orders involving MATIC tokens will be automatically canceled as part of the upgrade process.
And Post Successful Upgrade
- All MATIC wallet balances will be updated to reflect POL tokens. The ticker symbol for your holdings will change from MATIC to POL.
- MATIC will no longer be supported on Flitpay. To continue trading or investing in the Polygon network token, you will need to search for POL.
What do MATIC holders need to do during this update?
No further action is required from your end. Simply sit back, relax and watch POL coming to your Flitpay wallets seamlessly.
Should you have any queries regarding this upgrade? Please contact support. Our team will be more than happy to assist you.