serves as the native cryptocurrency for the Polygon network, analogous to how Ether functions within the Ethereum ecosystem. To engage with the Polygon network, users must use MATIC tokens, which are necessary to cover gas fees for transactions, smart contract interactions, and part of the network's security model via staking.
Acquiring MATIC tokens can be achieved through methods such as validator rewards, staking, or on the open market.
For testing purposes on the Mumbai Testnet, test MATIC can be obtained, which does not hold any real-world value. This can be done via the Polygon faucet in the following way: