Verified OGs
8
CryptoFam
91
Projects
19866
BTC
$98144
-0.48%
ETH
$3423.89
2.27%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap
3.579T
Fear&Greed
93

Polygon

MATIC
OG Rank: 49
Market Cap Rank: 90 ($1.38B)
ACTIVE
About

Polygon is a widely used smart contract platform that enhances Ethereum's capabilities by offering scalable solutions through its diverse SDK... Learn More

Founder
Jaynti Kanani Sandeep Nailwal and Anurag Arjun
MATIC Price

$0.58778

24h 13.43%
7d -20.47%
All time low ($0.00314376)
($2.92) All time High

OG Score

Based on 1 OG evaluation

TBA

...

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OGAudit Evaluation Points

49.93
69.30
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
49.30
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
55.40
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
61.70
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
69.80
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
55.10
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
56.00
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
39.80
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
38.30
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
4.60
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
49.93
69.30
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
49.30
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
55.40
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
61.70
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
69.80
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
55.10
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
56.00
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
39.80
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
38.30
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
4.60
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
High Ratings
Low Ratings
CryptoApe Wallet No:xxxx-5f294
25/09/2024 18:11
MATIC @ $0.419144
When Ethereum was costly, the Matic/Polygon Network became one of the most popular EVM chains.

In 2021, its total value locked (TVL) was about $15B, but today down to $1B.
Since Ethereum Layer 2 solutions are more affordable, why would anyone use Polygon? The Polygon team will need to offer new and compelling reasons for users to choose their platform, beyond just being 'cheap.'
49.93

Polygon Price

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Price Statistics

Polygon Price $0.58778

24h Low / 24h High $0.51 / $ 0.60

Market Cap Rank #90

Market Cap $ 1.38 B

Circulation Supply $ 2.33 B

Total Supply $ 10.00 B

Max Supply $ 10.00 B

All Time High $ 2.92

All Time Low $ 0.00314376

ICO/IDO Price 0

Polygon Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Polygon (MATIC)?

Polygon is an Ethereum-based scaling and infrastructure development platform. Formerly known as Matic Network, Polygon effectively transforms Ethereum into a multi-chain system, enabling users to conduct transactions at low fees and high speeds. The core component of Polygon is the Polygon SDK, a modular and flexible structure that supports various application types. This SDK allows for the creation of Optimistic Rollup chains, ZK Rollup chains, independent chains, and other necessary infrastructure for developers.
Polygon was officially released in April 2019. MATIC serves as the native token within the Polygon ecosystem, functioning as a unit for transaction fees within Polygon and as a means of payment between users. Additionally, it plays an increasingly pivotal role by providing security to the system and supporting governance. The consensus mechanism operates on a Proof of Stake (PoS) basis, relying on voting and participation of token holders to secure and regulate the network, providing both security and energy efficiency.
Polygon addresses Ethereum's scalability issues and reduces transaction costs by working with sidechains and various types of blockchains, expanding the Ethereum ecosystem. It innovates within the existing Plasma-POS chain without any alterations, catering to diverse needs within the developer ecosystem.
Its high transaction speed and cost-effective structure enable the creation of decentralized financial applications on a global scale. Especially leveraging the Plasma framework, Polygon can host numerous decentralized applications without experiencing the typical limitations of proof-of-work blockchains. Its compatibility with Ethereum provides a significant advantage, offering scalability, cost-effectiveness, and security—a crucial component in empowering the Web 3.0 revolution.

What is unique about Polygon (MATIC)?

Polygon's uniqueness lies in its ability to address Ethereum's scalability concerns by implementing various sidechains and blockchains, enabling diverse application types and reduced transaction fees.

Who are the founders of Polygon (MATIC)?

Polygon was founded by Jaynti Kanani and Sandeep Nailwal.

Who are the backers/investors of Polygon (MATIC)?

Polygon has received backing from prominent investors including Binance, Coinbase Ventures, DragonFly Capital, Tiger Global Management and Mark Cuban, among others.

What is the consensus mechanism of Polygon (MATIC)?

Polygon operates on a Proof of Stake (PoS) consensus mechanism, relying on token holders' participation and voting to secure and govern the network, enhancing security and energy efficiency.

Where can I buy Polygon (MATIC)?

 

What are Polygon (MATIC) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Polygon MATIC. To access these ratings, evaluations, and comments, click here.

How to mine Polygon (MATIC)? How can I stake Polygon (MATIC)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Polygon (MATIC)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Polygon (MATIC) is ($2,330,463,894), max supply of Polygon  MATIC is ($10,000,000,000) and the market cap of Polygon  MATIC is ($1,376,154,809)

What is the Polygon (MATIC) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Polygon (MATIC)?

The current market price of Polygon (MATIC) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Polygon (MATIC) a good investment?

It is important to do comprehensive research before deciding whether Polygon (MATIC) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Polygon MATIC) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Polygon (MATIC) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Polygon (MATIC) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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