The iMe Smart Platform will integrate the Polygon network to support the growth of the crypto community with enhanced features and low transaction fees.
The integration of Polygon will benefit the overall experience of the iMe community, helping them utilize the full features and functionalities of the crypto tools that the platform provides.
Polygon’s integration will enhance the functionality of iMe platform
Polygon is a popular blockchain platform designed to scale and grow the Ethereum infrastructure, and is popularly referred to as the “Ethereum’s Internet of Blockchains” Created to address the prevailing challenges and roadblocks of Ethereum, Polygon has gone on to create a highly scalable solution that provides a better user experience. MATIC, Polygon’s token, currently ranks 14th in terms of market capitalization and is among the fastest cryptocurrencies. Polygon already supports over 3000 dApps and 49 DeFi projects.
The primary vision of iMe has been the mass adoption of cryptocurrencies. To popularise the features afforded by this novel asset class, iMe has created an ecosystem that makes it easy for anyone – from newbies to tech-savvy individuals – to use the full features and functionalities offered by blockchain technology, including DeFi. By integrating Polygon within the iMe ecosystem, the iMe community will not only benefit from the advanced capabilities offered by Polygon, but also from the lower transaction fees.
Eventually, the utility token of iMe, LIME, will also be deployed on Polygon. And this transition of LIME on Polygon will allow LIME holders to minimize transaction fees.
The iMe platform currently has over 4.5 million downloads, 800,000 activated crypto wallets, and almost 1 million active users per month. A large number of users have serious issues with the fluctuating gas fees of Ethereum. Most times transfer of funds is simply not feasible due to the exorbitant transaction charges.
Since the acquisition of Hermez, a decentralized zero-knowledge rollup that greatly scales and reduces the cost of payments and transfers on the Ethereum network, Polygon’s focus is on supporting community-driven projects. This aligns perfectly with iMe platform’s vision of empowering its ever-growing community with the tools to exploit the benefits of blockchain technology.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). And with Polygon’s integration, iMe is simply leveraging Ethereum’s network effects. Scaling will never be a problem because, with Polygon built on Ethereum, it can easily incorporate basically any scaling or infrastructure solution from the Ethereum ecosystem.
Integration of Polygon within the iMe ecosystem will make managing crypto assets on Polygon super easy. The advanced Polygon protocol, complemented by iMe’s intuitive and user-friendly interface, will make crypto asset management hassle-free and secure. The integration will also reduce transaction fees and also enhance speed of transactions.
Future perspectives of iMe’s growth with Polygon
The integration of Polygon within iMe is the first step in many tech advances that will eventually turn the iMe platform into a go-to ecosystem for using the advanced crypto tools and features. iMe is also developing an NFT marketplace that will soon be hosted on Polygon which will serve as a massive driver of growth in Q1 of 2022.
“We have created, and continue to create, iMe as the perfect starting point for entering the crypto market. It is as easy for a newbie to use, as it is exciting for a veteran user. And with the Polygon integration, we believe that not only have we taken the next step in making our platform more seamless, affordable, and scalable, but this will also bring a lot of attention to the iMe platform and attract a lot of new users, all of whom stand to immensely benefit from our advanced tools and functionalities.” – Dr. Alex Borutskiy, iMe co-founder.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
About iMe Smart Platform
iMe is a multifunctional smart platform that merges text messaging with crypto. The platform offers integrated tools that allow it to interact with the blockchain. It features a feature-rich crypto wallet, integrations with the Binance Smart Chain, Uniswap, PancakeSwap, and more. iMe has also created an integration with Binance Pay, one of the most popular crypto payment portals and has empowered members of both the iMe and Binance Pay communities through a seamless ecosystem for managing crypto assets.
Powered by the Telegram API, iMe allows sending crypto in a few clicks, making crypto transactions fast, secure and hassle-free. Any user can send cryptocurrencies they hold in their iMe wallet to any of their contacts via their Telegram handles, in a matter of seconds.
The central idea behind the project is the empowerment of Telegram users through the functions of DeFi, letting people manage cryptocurrencies easily in a user-friendly and secure interface.
Source : cryptodaily.io