![matic coin blockchain](https://coindcx.com/blog/wp-content/uploads/2022/03/MATIC-768x461.jpg)
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POLYGON Update: Why I'm BUYING \u0026 HOLDING MATIC!The MATIC cryptocurrency first launched in , two years after the Polygon network went live, via an �initial exchange offering� (IEO) hosted on crypto. MATIC is Polygon's native cryptocurrency token. Polygon plasma chains run on the PoS consensus mechanism. MATIC will be used to pay for all transactions on the. MATIC is the currency of Polygon that enables users to interact with tens of thousands of dApps in our ecosystem. Learn More.