Polygon (MATIC)

What is Polygon (MATIC)?

Polygon (Formally MATIC Network) is an L2 scaling solution for Ethereum. It uses PoS (Proof-of-Stake) to achieve low fees and faster transaction times than ETH.

What is MATIC?

MATIC is the native token of Polygon. It used to pay gas fees when processing transactions on the network. MATIC is required for placing bets on bookmaker.XYZ to pay these fees.

What is USDC?

USDC is a stablecoin pegged to the US Dollar 1:1. All bets placed are placed, and redeemed. in USDC.

Where can I get MATIC and USDC?

Fiat to USDC
You can buy MATIC/USDC using fiat directly on bookmaker.XYZ using the funding tab.
This is facilitated by Mt.Perelin which lets users buy, and sell crypto, directly with a credit/debit card without the need for KYC.
CEX (Centralized Exchange)
You can buy and withdraw MATIC/USDC when using a CEX (Centralized Exchange).
There are many different CEXs that offer MATIC/USDC trading. Popular options are Binance, Coinbase, Kraken
DEX (Decentralized Exchange)
You can swap an existing cryptocurrency to USDC using a DEX. You can do this directly on bookmaker.XYZ by using the funding tab.
We have integrated 1Inch for swapping.
The second, and probably the easiest option for most crypto-savvy users is to use a bridge. A bridge involves "bridging" an asset from one chain to another. Bridging from BSC <> Polygon, Gnosis <> Polygon, Ethereum <> Polygon.
You can bridge directly from within bookmaker.XYZ by using the funding tab.
We use Hop Protocol to facilitate bridging. Hop supports bridging from Ethereum, Arbitrum, Optimism, and Gnosis Chain