What are the different types of tokens available on Polygon?
Polygon offers two types of tokens: MATIC and Matic Network Tokens (MNT).
MATIC is an Ethereum-based ERC-20 token that is used to pay for transaction fees on the Polygon network. It is also used to incentivize developers and users who contribute to the network. MATIC tokens are available for purchase on various exchanges, including Binance, Huobi, and OKEx.
Matic Network Tokens (MNT) are native tokens of the Polygon network. They are used to secure the network and incentivize validators who validate transactions on the network. MNT tokens can be earned by staking MATIC tokens or by participating in governance activities such as voting on proposals or participating in community events.
MNT tokens can also be purchased from exchanges like Binance, Huobi, and OKEx.
AI created text. No guarantee for the correctness of the content.
