HollaEx has integrated the Polygon chain!

• Date Published:
June 1, 2022
HollaEx is happy to announce that Polygon (MATIC) blockchain has been integrated!
HollaEx has integrated the Polygon chain!

HollaEx is happy to announce that Polygon (MATIC) blockchain has been integrated!  One of our goals is to be a multichain platform leader. Polygon helps improve Ethereum and sovereign blockchains by making them fully-fledged multi-chain systems, it only makes sense to integrate!

What is Polygon (MATIC)?

Polygon builds and connects Ethereum-compatible blockchain networks. This means more scalability on Ethereum by supporting a multi-chain Ethereum ecosystem.

How does it do this? Polygon processes transactions off-chain before finalizing them on the Ethereum main chain and plans to support blockchain interoperability – a multi-chain system.

Why did we choose to integrate Polygon?

The Polygon blockchain alleviates things like high gas fees and slow processing speeds and is one of many systems that are working on a multi-chain system and can be thought of as similar protocols to Polkadot, Cosmos, Avalanche, etc, but with one major difference. It is Ethereum-centric and plans to ride off of Ethereum’s network effect which may lead to better security in the long term.

This means we are welcoming any projects using the Polygon chain to launch their platform or token with HollaEx, so don’t hesitate to get started at HollaEx.com

What does this mean for HollaEx users?

All exchange operators will now be able to add Polygon network assets. This will follow the same process as adding an ERC-20 Ethereum token or TRON asset.

Operators looking to add Polygon assets can do so in their HollaEx dashboard or their own exchange’s operators control panel (AKA, the blue admin toolbar).

For HollaEx Pro traders will also be able to trade the native Polygon asset called MATIC. There will be active deposits and withdrawals as well as a MATIC trading market.

Note that when depositing/withdrawing Polygon on HollaEx Pro exchange there will be network options for both the native Polygon network and the ERC20 Ethereum network as illustrated in the screenshot below.

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