Get Polygon (Matic) While You Can
I've been talking a lot about polygon as of late. When it first hit headlines for me was when Mark Cuban hit the headlines saying he was invested into it. That didn't really effect me in any way and the price shot up. This is because a majority of people around the world headline chase and that almost always screws you.
It wasn't until CubDeFi announced they would be building a defi platform called Polycub and with it an airdrop would most likely be happening for those staking CUB. Since then I've not only been buying and staking even more CUB but I've also been picking up... Polygon(Matic)
Why?
Even though Polygon is a great layer two solution to Ethereum it's still ran into the same issues as Ethereum. That would be higher fees and slower transaction times. This happened when a poorly programed game that blew up started hammering the chain with transactions.
This means every transaction I make on Polycub when it launches will cost me a little bit of matic. But not only that I'm most likely going to want to pair my polycub to Polygon thus I'll need a 1:1 value on it. We all know when a new defi platform launches the APRs are nuts so the sooner you can ape in the better to maximize that. This is why having Polygon on hand will make this much easier.
Polygon Burn
Unlike many tokens in this space Polygon is actully deflationary and this is due to a recent burn protocol added EIP-1559 just 3-4 weeks ago. The burn of this is only expected to be a small amount but even that small amount means less tokens to go around.
This simple little burn on every transaction actully is a smart move. It makes developers optimize their platforms and the ways they hit the chain because there's now a cost involved. If a developer is able to do the same functions with half the hits to the chain they essentially just made 50% more profit on their platform.
Staking Polygon
Polygon also works on a proof of stake model which I'll deep dive into a later post on how that all works and how you can start staking polygon yourself. This is another way you can earn some polygon until the launch of PolyCub. This also allows you to earn some passive nature income from the network which I have a feeling more and more blockchains are going to start using and advancing on it.
The Lesson
What does all of this boil down to? It's me telling you to be ready and be prepared. What I constantly see in the markets and honestly with everything in life are the masses that jump in after the headlines hit because it's easy! What's a little harder is spending time to research and plan ahead. Buying Matic last week when things crashed would already set you up for at least 15% gains plus some earnings from your stake.
*This article is for entertainment purposes and not financial advise. Do your own research before investing and take responsibility for your own actions.
Posted Using LeoFinance Beta
I have been padding my assets over on the Polygon side of things too. I have a bunch of BLEO ready on BSC to move over and then I am sitting on some USDC and MATIC over on Polygon. I am super excited for the future.
Posted Using LeoFinance Beta
Smart moves I think! Better to be ready for the what if or when it happens then trying to catch up with it.
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Yes, I totally agree with that. I want to be able to take advantage of those high interest rates while they last.
Posted Using LeoFinance Beta
Just yesterday I talked about the potential of Polygon. I believe PolyCUB will be recognized by thousands of new investors thanks to growing interest on Polygon network ^^
That plus I believe some most likely have Binance and will come over to CUB as well. Then when project blank releases that's a huge opportunity to reach a massive amount of people and put CUB/LEO/Polycub in front of them all.
Posted Using LeoFinance Beta
MATIC above $2 again??
Nooooo....
I keep putting off making my pre-polyCUB MATIC buy!
Posted Using LeoFinance Beta
lol yeah it mooned again that sell off over the last 3 weeks was a good buy in I think.
grabbed some a few weeks ago and earning some yield on it in the meantime before Poly Cub !
Posted Using LeoFinance Beta
what are you using to stake it if you don't mind my asking
Nexo
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they are offering 14% APR right now for Matic
Posted Using LeoFinance Beta
Very nice sounds like a smart move to me
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Polygon is a great layer 2 cryptocurrencies to hold on Ethereum blockchain and with all its DeFi schemes and bridges it makes it a good investment imo.
Posted Using LeoFinance Beta
I have a little matic but looking for a good place to stake and earn interest. Couldn't find one myself.
Where do you recommend for a single staking chamber. Not a liquidity pool?
It is growing too fast. Took over multiple crypto startups last year. Recently raised $450 million in a new venture financing with a market cap of about $13 billion. It is undoubtedly the best Ethereum scaling solution till date.
Matic is going to the moon!
Posted Using LeoFinance Beta
I do have some but now not for entertainment purposes
I have to grab some more.
!BEER
Posted Using LeoFinance Beta
View or trade
BEER.Hey @bitcoinflood, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Oh man this thing has been baking me for a few years. I have bought, sold, bought sold and maybe should have staked and HODL. But I don't see it exceeding much more than a few dollars (could be wrong) it has a large Circ Supply
Posted Using LeoFinance Beta
Big pump today. Matic is back where it was at. I'm glad I am already locked and loaded.
Posted Using LeoFinance Beta
Polygon, formerly called MATIC is clearly a good project with a solid team. Buying and hodling some will definitely yield some good return on investment. I guess this is a financial advice from you😆
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Happy staking!
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I bought Matic in the dip and I am hodling it because I believe in its potential!
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I have Matic. I like this coin because of the movement and I'm still buying more of it.
Posted Using LeoFinance Beta