Matic Coin

What Matic Dose

MATIC is used to govern and secure the Polygon network and to pay network transaction fees.

Why is Matic withdrawal fee so high?

It takes effort to process transactions on the blockchain, and these fees are used to compensate the miners and validators who keep things running smoothly.

are matic token is ERC-20

MATIC is an ERC-20 token, making it compatible with other Ethereum projects. Polygon users leverage MATIC to secure and govern the network, as well as pay transaction fees

Is Polygon address same as ETH address?

Polygon (MATIC) is an EVM network, which means it uses the same address format as Ethereum (starts with 0x). Because the address format is the same, it is possible to accidentally send Polygon tokens to an Ethereum address or vice versa