13 Jan 2018
ATH Market Cap
24 Trade Vol.
Vol. (24h) / MCap
(89.9% of Total Supply)
2 Feb 2018
13 Jan 2018
All Time High
19 Feb 2018
All Time Low
13 Mar 2020
The Polymath crypto project is a protocol that is aimed towards facilitating issuance of blockchain security tokens, as well as restrict their secondary trading. The company has developed their own blockchain, Polymesh, that is built specifically for security tokens by catering to securities regulations. Some of the services it provides include integrated broker-dealer toolkits and security token management.
Security tokens represent securities such as debt, equity, or real estate on a blockchain. They are often subject to complex regulatory needs and compliance standards, Polymath hopes to be able to provide an easy blockchain-based solution for this compliance.
The Polymath Network’s native cryptocurrency is POLY. It has a total supply of 1000000000. The network has recently upgraded and introduced a new token, POLYX. POLYX can be redeemed at a 1:1 ratio with POLY.
The Polymesh blockchain is the ecosystem’s core product. It is designed to meet the needs and requirements of regulators within the securities sector by meeting four design principles: confidentiality, identity, governance, and compliance. It has financial primitives integrated directly into the blockchain and allows developers to deploy their own decentralized applications on top of the chain.
The network uses a Nominated Proof-of-Stake consensus mechanism to help keep Polymesh secure. Validators stake POLYX, the networks upgraded native token, and run nodes. Nodes validate transactions and add them to the blockchain. Nominators can delegate their POLYX to other validators that run a node for them. Both nominators and validators are rewarded for their work, in the case of malicious behaviour they can be fined.
The ecosystem has also developed the Polymath Capital Platform. It is built to help make smart digital investments easier. The platform is built on the Polymesh platform and allows
The Polymath network provides an end-to-end token creation solution via its self-service Polymath Token Studio. Issuers can create, customize, and manage the entire process. This includes integrations with custodians, broker-dealers, legal firms, token sale platforms, as well as KYC/AML providers. Some of the customizable options for issuers and their tokens include setting parameters and rules for who can hold an issuer’s token, how it can be transferred, as well as adhering to jurisdictional requirements.
POLY is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Gate.io, CoinBase Pro, and Crypto.com. The price of POLY will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for POLY market prices, please view the price charts on this page.
Polymath's current price is $ 0.179, it has increased +3.17% over the past 24 hours.
Polymath's All Time High (ATH) of $ 1.66 was reached on 19 Feb 2018, and is currently -89.2% down.
The current circulating supply of Polymath is 898.55 Million tokens, and the maximum supply of Polymath is 1.00 Billion.
Polymath’s 24 hour trading volume is $ 7.98 Thousands.
Polymath's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 160.97 Million.