Recent news reports have suggested that the Polygon coin, also known as MATIC, is a scam. However, this is not true.

Polygon is a decentralized payments and protocol platform designed to enable faster, cheaper, and more secure transactions than ever before. It offers a seamless integration of Ethereum and other popular blockchains, allowing users to transfer funds from one cryptocurrency to another without any conversion fees. Polygon also provides a wide range of powerful and secure tools for developers, allowing them to quickly build and deploy decentralized applications in a secure and efficient manner.

That said, while Polygon itself may not be a scam, some of the projects that are built on it may be. There have been reports of scams involving the MATIC coin, in particular, as well as other projects. It is important to remember that, just like with any other investment, there are risks involved. As such, it is important to conduct thorough research before investing in any project or cryptocurrency.

Overall, Polygon is a legitimate project that has been embraced by many investors and traders. Its technology has been widely praised, and it has been embraced by organizations such as Coinbase and Ripple as well. While there are certainly some scams associated with the MATIC coin, it does not necessarily mean that the entire Polygon project is a scam.