Powering the Polygon experience
MATIC is the currency of Polygon that enables users to interact with tens of thousands of dApps involved in our ecosystem. It is also used to secure the network by staking.
Gas Token
MATIC is the lifeblood of Polygon PoS. When you conduct any transaction or use an application built on Polygon PoS, you'll pay a small fee in MATIC to use Polygon PoS. This fee is an incentive for validators to process and verify what you're trying to do.
Network Security
Polygon employs a proof of stake mechanism that uses staked MATIC to reach consensus on the network. By staking MATIC, you can secure Polygon PoS and earn rewards. In this system, validators are disincentivized from engaging in any malicious behavior.
Governance
Validators enjoy special privileges on Polygon PoS. Validators implement Polygon Improvement Proposals (PIPs) and help with decentralization of Polygon PoS.
Where to buy & sell MATIC?
MATIC is available on many of the leading centralized and decentralized exchanges around the world.
Keep your MATIC safe
Protect your MATIC in a wallet
If you plan on buying a lot of MATIC you may want to keep it in a wallet you control, not an exchange. That's because an exchange is a likely target for hackers. If a hacker gains access, you could lose your funds. Alternatively, only you have control of your wallet.
Keep your MATIC safe
When you download a wallet it will create a public ETH address for you. Here's what one looks like:
Think of this like your email address, but instead of mail it can receive ETH. If you want to transfer ETH from an exchange to your wallet, use your address as the destination. Be sure to always double check before you send!
Follow wallet instructions
If you lose access to your wallet, you’ll lose access to your funds. Your wallet should give you instructions on protecting against this. Be sure to follow them carefully – in most cases, no one can help you if you lose access to your wallet.