MATIC is Polygon’s native utility token that allows for paying network fees and participation in the Proof of Stake consensus model. MATIC tokens power the Polygon Network and have a maximum supply capped at 10 billion, making it deflationary.
Read moreIs Matic on Binance erc20?
Binance.US today added support for mainnet Polygon (MATIC) tokens. Customers can now deposit and withdraw mainnet MATIC tokens using their Binance.US wallet. In addition to mainnet MATIC token deposits, Binance.US offers existing deposit and withdrawal support for ERC-20 and BSC (BEP-20) MATIC tokens .
Read moreDoes Binance have polygon network?
Fellow Binancians, Binance is in contact with Polygon (MATIC) network and is assisting to resolve the situation. Binance will reopen deposits and withdrawals via the Polygon (MATIC) network once we deem its network to be stable.
Read moreHow long is a Binance withdrawal suspended?
There will be a temporary delay in withdrawal processing as the backlog is cleared. We expect this to last about 30 minutes .
Read moreWhy is Binance withdrawal suspended?
Well, Binance tweeted that the suspension of withdrawals was due to a large backlog in their database . The support team was working hard to get all the issues solved. Nonetheless, this would lead to an unprecedented amount of messages by the community, some even deleted by now.
Read moreCan I buy Polygon Matic on Binance?
Polygon MATIC can be purchased directly on Binance with a credit or debit card . You can also trade other cryptocurrencies for Polygon MATIC on the Binance Exchange.
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