Pollen is on the Move:
Our Multichain Expansion and What it Means for You
As we prepare to make our multichain move, expanding to the Polygon network, we are excited about what this huge step forward will provide our users.
Improved accessibility, partnerships, and the overall experience within the Pollen ecosystem is set to grow exponentially.
A Boost for $PLN, Wallet Support, and More
At the heart of this expansion is the Pollen Token ($PLN). By expanding to Polygon, $PLN will open doors to new exchanges, trading pairs like $MATIC/$PLN, and access to Polygon’s thriving community of projects and developers.
For our existing users who want to try Pollen on Polygon, you can just bridge your tokens from Avalanche to Polygon. New users can dive right in and obtain $PLN through various Polygon exchanges and DEXs.
Beyond trading and exchanges, Polygon will allow us to integrate with many more Web3 wallets.
Whether you prefer MetaMask, Trust Wallet, or others, you’ll be able to easily interact with Pollen DeFi on the new chain. This improved wallet support makes it simpler for new users to participate in our ever-growing offerings.
We are also eager to tap into the solutions Polygon offers through their SDKs, APIs, and other technological tools. By building on Polygon, we can enhance the experience for Pollenators through faster and cheaper transactions compared to other networks.
And as an Ethereum sidechain, Polygon provides a direct bridge back to the security and decentralization of the EVM and Ethereum network.
Most importantly, expanding to Polygon connects us with a whole new community of projects and partners right at our fingertips. The move unlocks collaboration potential and integration opportunities that will directly benefit Pollenators.
And as more developers build innovative Web3 applications on Polygon, Pollen DeFi aims to be at the forefront of these innovations and take advantage of them for our users.
Major Milestone
As our ecosystem grows, so does the fun — more partners, products, and Pollenators; expansion is an exciting milestone for our community and Pollen as a whole. Although the landscape is changing, our commitment to trading accessibility, innovation, and adoption of DeFi remains as strong as ever.
The expansion to Polygon is a boost we have felt is needed to take Pollen to the next level. We understand that growth is key in the DeFi space and feel Polygon will take us to new heights.
More than that, it will provide you, our users, with a better experience, a wealth of opportunities, and a better way to interact with the platform, as well as the $PLN Token.
What Makes Polygon a Good Choice?
In deciding on making Pollen multichain, we examined a number of different destinations. However, Polygon was always near the top of the list. For Pollen, we felt it offered an array of advantages we just couldn’t turn down
Here is what makes Polygon a good move for Pollen:
Scalability — Polygon allows for fast and cheap transactions, supporting up to 65,000 TPS compared to Ethereum’s 15 TPS. This makes applications more usable.
Low Fees — Transaction fees on Polygon cost a fraction of a cent, far lower than on Ethereum mainnet. This makes Polygon ideal for microtransactions.
Interoperability — Polygon seamlessly connects with the Ethereum network through bridges. This provides security while allowing access to Polygon’s speed and low fees.
Thriving Ecosystem — Hundreds of dApps have migrated to or launched on Polygon, giving it an active developer community building innovative projects.
User Experience — Transactions on Polygon finalize quickly, usually under 2 seconds. This offers users a smooth experience compared to waiting on Ethereum.
Adoption — Major projects like Aave, Curve, and Decentraland work on Polygon, providing credibility and network effects.
Decentralized — Polygon uses a proof-of-stake consensus model with over 100 validator nodes, making it secure and decentralized.
EVM Compatible — Polygon supports Ethereum’s EVM, making it easy for Ethereum developers to port apps and use familiar coding languages.
Governance — POLY token holders can participate in governance of the network through the Polygon DAO. This gives the community a voice.
Backed by Experts — Polygon was founded by former Ethereum developers and is backed by major Polygon’s technical pedigree lends it credibility.
Much More to Come
The multichain move is an exciting starting point for Pollen as we ready ourselves for some big advancements heading into the end of the year and into 2024.
We have the CryptoBowl that will soon kick off, pitting trading communities against one another in a powerful display of skill, strategization, and success. This is the ultimate crypto face-off, where competitors have the chance to win big.
We will also soon be releasing our latest roadmap, which spells out the direction Pollen will be taking in the coming months. This roadmap will give our users insight into the long-term plans for the project, the platform, and the $PLN token.
Disclaimer
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor.
About Pollen
Pollen is a first-of-its-kind Virtual Trading Arena where the community holds all the power. Decentralized finance is designed to be by the people, for the people, and Pollen is acknowledging this by building the first, truly decentralized platform for measuring trading skill and on-chain reputation with its Pollen Virtual suite of products.
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