The Matic project was launched in 2017 to solve the scaling problem of the Ethereum network. The Matic token itself was released in April 2019 via the Binance Launchpad platform and has already raised $5.6 million for the project in its initial phase.
The main Matic Network has been in operation since 2020 and is very popular in the cryptocurrency community. This is largely due to the increase in payments in Ethereum, which has shown the market the need to find reliable solutions for scaling the main network of smart contracts.
The Matic token is currently capitalized at more than $10 billion, and its ecosystem makes it easy to connect several different solutions to scale. From additional blockchains with different consensus mechanisms (Proof-Of-Stake or Delegated-Proof-Of-Stake), to second-tier solution options such as Plasma, Optimistic Rollups and ZK rollups.
Matic token payment support further expands the investment opportunities for our customers and allows them to use Henbbo platform services in the most comfortable and efficient way possible.
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