Announcing $POLK on Polygon Network
Polkamarkets Labs is thrilled to announce that $POLK, the Polkamarkets Protocol utility token, is now available on the Polygon Network.
No ecosystem has seen stronger growth than Polygon in the past year and, in line with Polkamarkets’ vision of being a multi-chain information exchange platform, deploying the Protocol on Polygon is a natural step to increase adoption of the decentralized prediction markets protocol.
Today, we are happy to announce that $POLK, the Polkamarkets Protocol utility token, is available on Polygon, enabling users to bridge their tokens from Ethereum to Polygon PoS mainnet, and back.
Growing adoption and expanding the multi-chain footprint
Currently, the Polkamarkets Protocol is a Top 10 dapp on Moonriver and Moonbeam.
With the upcoming release of Polkamarkets Protocol V2, which will include new features such as the support for trading and providing liquidity using ERC-20 tokens (including stablecoins), setting multiple outcomes, defining initial outcome prices, and more, the Polkamarkets Labs team continues to work towards facilitating the adoption of the Protocol.
The revamped web application that will support Polkamarkets Protocol V2 will be compatible with iOS and Android through MetaMask, making it possible for users to place forecasts and interact with the protocol on their phones, which will facilitate growing engagement and user onboarding.
The availability of $POLK on Polygon lays the groundwork for deploying the Polkamarkets Protocol on the fastest-growing network in the Web 3 space, further strengthening the case for adoption growth.
Polygon is a fast, affordable, user-friendly, and sustainable network.
Polygon positions itself as “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security”. In addition to top-tier usability and performance, sustainability is at the core of Polygon’s strategy.
The Polygon PoS chain, where $POLK is now available, is an EVM blockchain that is known to be a low-fee, secure, user-friendly, and sustainable Ethereum sidechain. A number of global brands have recently partnered with Polygon, contributing to it being the fastest-growing ecosystem in the Web 3 space, with more daily active wallets than Ethereum itself.
POLK contract information on Polygon
POLK’s contract address on Polygon is 0x996f19d4b1ce6d5ad72ceaaa53152ceb1b187fd0.
Since POLK was bridged to Polygon using Polygon’s Token Mapper tool, it has a few peculiar properties:
- The token is labeled as an “fxChild” token, and is technically an fxERC20 token.
- The token symbol is prefixed with ”fx”: fxPOLK, instead of simply POLK.
Apart from these peculiarities, it works just like the normal POLK token on Ethereum, Moonriver, or Moonbeam.
To get started using POLK on Polygon, you can simply bridge it to Polygon using the instructions referenced below.
How to bridge your POLK from Ethereum Mainnet to Polygon Mainnet
Check out our Help Center article to learn how to bridge $POLK from Ethereum Network to Polygon Network today.
Stay tuned for more news about the release of Polkamarkets Protocol V2 and Polkamarkets usage on Polygon.
Join the Polkamarkets Discord Server to discuss with other forecasters and the Polkamarkets team. If you’re a business looking to leverage prediction markets, don’t hesitate to talk with us!
About Polygon
Polygon believes in Web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.
About Polkamarkets
Polkamarkets is an Autonomous Prediction Market Protocol built for multi-chain information exchange and trading, where users take positions on outcomes of real-world events — in decentralized and interoperable EVMs.
