The MATIC token is designed to power the Matic Network, a layer-2 scaling solution using an adapted version of Plasma with PoS based sidechains and a decentralized network. It provides secure, cheap, and fast transactions. The MATIC token enables developers to deploy, manage and operate stateful decentralized applications on Layer 2 of the ETH mainchain, with features such as support for creating fungible and/or infungible tokens, plus other potential use cases.