Polygon (Matic) What's Going On With It

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Polygon (Matic) What's Going On With it

Polygon has been in my sights for a while now with the announcement of CubDeFi doing an airdrop to CUB holders when PolyCUB releases (TBA,TBD) Since then Polygon has gone through a lot and I've also learned a lot about the ecosystem and who is in charge of Polygons development.

There are a few recent updates to take note of with Polygon

Polygon Is Deflationary

Polygon recently added a new update that burns Polygon upon each transaction much like we see happening with Ethereum. However the big core difference with this is that Polygon is a deflationary token making no new ones are being minted I go over that here Polygon Goes London

Large Companies Getting Involved

Polygon has itself in the spotlight in terms of working with some rather large established brands already. Some of those being Prada and recently added to that list is Adidas. These partnerships are set to NFT(Non-fungible tokens) in which the proceeds from the sale will be donated to charity that's for artists and creators. Charities such as this are normally the first step cases as a test bed to see how the public takes it and how much traction it gets for the company. If enough is generated the company often times will start to expand and build out more flush systems for these types.

They are also looking to expand into the metaverse in this case primarily it's SAND or The Sandbox that is taking the cake on this so far. This will be the companies third collaboration in launching new products in the metaverse.

Crypto and Markets In General

Because of all that buying pressure over the last year or two those things are now coming back to bit us in the butt. It started with inflation and remains high but also is now starting to hit stock markets and with that crypto markets. I expect 2022 to be hit with some pretty big money issues as inflation stays high and the stock markets get hit. However what I think we might see in reality is a larger transition at some point of money out of stock and into crypto as a place to make profits while the stock market struggles. This could pave a wave of some of the largest rallies in crypto we haven't seen yet and instead of a stagnate decreasing crypto market we could see a flourishing one. Now of course that's far fetched and most likely not possible but it COULD happen. This year will prove to be an interesting one however I believe it's one that is going to be about stacking. The price to get in on many cryptos you wanted are going to be up for grabs at huge discounts compared to where they could be 1-5 years from now.

Posted Using LeoFinance Beta



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3 comments
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I love that CUB's foray into these new networks encourages me to learn an entirely new space that I otherwise would have avoided.

It happened when CUB first launched on BSC and it's happening now as they prepare to launch on Polygon.

Are you ready?

I have some money sitting in stables that is ready to be allocated to Polygon after the launch, but I'm not sure whether it should be in MATIC or USDC?

Any advice or thoughts would be appreciated.

Posted Using LeoFinance Beta

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True I mean I learned DeFi crash coursed it in a day when CUB launched. right now if you where in stables you'd be making out good with this market crash. For myself I'm a buy when I feel it's low and hold long term. Besides that that's been my investment strat for the most part and it's paid off in the last 10 years.

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