Toobit Will Support Polygon's MATIC to POL Token Migration

Toobit will support the token migration from Polygon (MATIC) to Polygon (POL). All MATIC tokens held on Toobit will be swapped to POL tokens at a 1:1 ratio, and will be distributed to users via airdrop by Sep 12, 2024, 8AM UTC. During this process, trading, deposits, and withdrawals of MATIC and related assets will be affected. Please take note of the following timeline.

Sep 04, 2024

• MATICUSDT Perpetual Contracts will be no longer be available on Toobit. Positions for MATICUSDT on Toobit just support to close position.
• All pending orders, including conditional orders, will be canceled until Sep 06,10 AM(UTC).
• Any holding MATIC positions that will be automatically closed at Sep 06,10AM UTC.

Sep 07, 2024, 8AM UTC

• Spot trading of MATIC/USDT will not be available. All active orders for these trading pairs will be canceled.

Sep 10, 2024, 8AM UTC

• Transfers, internal transfers, deposits, and withdrawals for MATIC will be suspended. Please ensure that there is enough buffer time for your MATIC deposits to be fully processed before the suspension, as deposits processed after this time will not be credited to your account.

Sep 13, 2024, 8AM UTC

• Token migration of MATIC to POL is expected to be completed.
• The MATIC token will no longer be supported on Toobit.

From Sep 4, 2024, 12PM  UTC to Sep 10, 2024, 9AM UTC, deposits and withdrawals of POL on the Polygon PoS network will use the ticker MATIC. After the token migration, POL will replace MATIC as the ticker for the native token of the Polygon PoS network.

Toobit

2024-09-04