Polygon crypto is a layer 2 scaling solution, a sidechain, that provides faster transactions and lower costs for users. The Polygon blockchain operates parallel to the main Ethereum blockchain, allowing users to “bridge” some of their crypto assets and interact with a range of crypto applications which were previously Ethereum blockchain exclusive.
The Polygon coin is MATIC and is used for staking, paying fees on the network, and for governance, where holders of MATIC can vote on changes to the platform. MATIC crypto can be sold on various exchanges.
Polygon uses a proof-of-stake (PoS) consensus mechanism, which means that users stake their MATIC and earn newly minted coins for validating transactions and adding them to the blockchain. A lower-commitment version of staking is delegators, who stake their MATIC coins through a trusted validator.
How To Buy Polygon or Add it to your Strategy
The fastest, most convenient way to purchase Polygon is to purchase it on ICONOMI. We check Polygon live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Polygon by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Polygon is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Polygon, we recommend you read the next section, as copying might be a better approach.
Add Polygon to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Polygon in their structure.