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What Is Polymath? How To Buy, Expectations And Predictions. Everything You Need To Know About POLY

Polymath makes it possible to create traditional digital assets on the blockchain. Invest in stocks and bonds through security tokens. Via the Polymath protocol, companies can tokenize their assets and make them available to interested parties and stakeholders. Investing in stocks and bonds is no longer a time-consuming and complex affair thanks to blockchain technology and the use of security tokens.

What is PolyMath?

Polymath uses blockchain technology to tokenize and trade traditional investment assets. Investing in stocks and bonds is often a time-consuming and complicated process, compared to the accessibility of the crypto ecosystem. Governments have deliberately done this in order to prevent fraud in the sale of shares.

Polymath helps to tokenize and legally register stocks and bonds to enable decentralized transactions at a lower trading cost. Thanks to the PolyMath platform, various protocols and companies can tokenize their traditional investment currencies and convert them to security tokens (STO). Consider, for example, the shares of ASML that received a huge boost in mid-2021. However, finding the way to the stock market is often more difficult. For example, by tokenizing these shares, there can be many more investors.

Security tokens (STO)

An STO stands for Security Token Offer. Just as we know the Initial Coin Offering ( ICOs ), the investor receives a token that is equal to the current currency value at that time. But with an STO, this value is a representation of a stock, bond or specific fund. So it is a connection of the regulation and compliance of traditional assets with the revolutionary blockchain technology.

A security token is therefore basically the representation of one of these, recorded on the blockchain . When you invest in, for example, bonds, the ownership of these is officially assigned via a specific document. This can be a digital document or even a handwritten certificate. The principle is the same for these security tokens, but they are then recorded on the blockchain and issued as a specific token. These security tokens are ST20 tokens and represent stocks and/or bonds on the blockchain.

The difference between STO and ICO

While the principle is the same, STOs are backed by a particular asset. Even though this stock or bond is on the blockchain, it still retains its current value. The value of crypto during an ICO also has a certain value, but it can become very volatile right away. The value of these STOs moves with the traditional financial market, despite being on the blockchain.

ICOs also serve more as a utility token that gives users, among other things, governance or even access to develop dApps on the network. The purpose of this ICO is rather for using the platform and not so much as an investment. Due to this nuance, many ICOs bypass the legal frameworks and therefore do not have to register with different authorities.

Launching a certain security token is therefore many times more difficult because they offer an investment contract under securities law. This means that they must register in advance and comply with the relevant regulations.

ERC-1400

Initially, each security token was supported by its own smart contract on the Ethereum blockchain . But due to a lack of consistency in how these smart contracts were developed, PolyMath faced conflicts with stakeholders. Think of custodians and exchanges.

In order for security tokens to come into their own, certain requirements were necessary. For example, a mandatory know-your-customer (KYC) procedure, but also anti-money-laundering (AML) laws. They all have to work within an agreed framework to guide and optimize the industry. This created a new token: ERC-1400. The Security Token Standard.

By applying ERC-1400, the legal laws are applied worldwide. For example, a distinction is made between:

  • ERC1643: document management security
  • ERC2258: Retention of property
  • ERC1410: Only partially exchangeable tokens

This ERC1400 is an umbrella term for the above tokens. It can even apply off-chain data to transactions to process the necessary real-world input. This new standard gives Polymath a new and improved ecosystem.

SEC

The Securities and Exchange Commission (SEC) is an independent US federal government regulatory agency responsible for protecting investors. In addition, they ensure that the trade in these stocks and bonds is conducted in a fair and lawful manner. It is this authority that approves these security tokens. Any protocol must be registered with this SEC and will be followed according to the guidelines of this committee.

Which assets to tokenize?

PolyMath is therefore a digital platform where all companies can tokenize their traditional assets to create ST20 tokens. The protocol gives companies the freedom to add many different assets to the platform, distinguishing between traditional liquid assets and illiquid assets.

liquid

When looking at traditional liquid assets, Polymath distinguishes between listed equity, bonds and debt. Each of these is a liquid asset that can be tokenized into an ST20 token on Polymath’s blockchain.

illiquid

Even illiquid assets can exist on the blockchain thanks to this security token. This includes real estate, valuable works of art and even intellectual property.

PolyMesh

Polymath’s platform uses PolyMesh. This is a native blockchain that is specially optimized for the use of these security tokens. These represent a value that is thus substantiated by another asset, using the blockchain technology. This digitization allows them to leverage the power and functionality of the blockchain.

polymath polymesh

It integrates the legal requirements in the form of smart contracts to meet all the requirements and security regulations imposed by the government and by the SEC. PolyMesh has a two-part architecture:

Financial

Blockchains usually have several features built on top of the core of the blockchain. One of the frequently recurring goals is scalability and optimization in the execution of the tasks. At PolyMesh, the financial primitives and their development and application are the core and foundation of the network.

It allows users of the network to use the blockchain at a low, predetermined cost. This happens while third-party developers can deploy decentralized applications (dApps) on the blockchain.

Identity

Identity is an important aspect when looking at security tokens because it is regulated by assets from the traditional financial sector. Precisely because this identity is so important, Polymesh uses a real identity, rather than public keys like those used in other blockchains. Users no longer have a numerical code, but are given a name and personification on the blockchain.

Economic

The economics of PolyMesh is to provide the ecosystem with usability, security, and most importantly, sustainability. The core of this is that PolyMesh uses the native token POLYX. This is the fuel for the system. This manages and protects the blockchain. Every transaction made will be paid for by POLYX tokens.

Nominated PoS consensus

Polymesh’s consensus mechanism takes place through a Nominated Proof of Stake . In this, both nominators and validators work together to support and boost the economy of Polymesh by staking the native token.

Validators and Nominators work together to realize Polymesh’s economy by staking and trading on the consensus rules. Participants are rewarded for successfully verifying blocks in Polymesh.

polymash strike

Validators are tasked with approving nodes in the network to keep the blockchain secure and operational at all times. At Polymesh, there is a distinction between the validators based on their legal nature. Think of the difference between tokens related to documents versus tokens that specialize in property custody.

Nominators select the validators in the network based on trust. Anyone who holds POLYX and is verified can become a nominator. If the validators perform as instructed by the protocol, they are rewarded.

Token Studio

This token studio is an application where you can create, manage and issue your own security tokens. Through this studio, developers can design their tokens in a user-friendly way by means of various predefined rules. For example, you can select whether or not investors must comply with a know-your-customer procedure.

What is PolyMath?

Polymath uses blockchain technology to tokenize and trade traditional investment assets. Investing in stocks and bonds is often a time-consuming and complicated process, compared to the accessibility of the crypto ecosystem. Governments have deliberately done this in order to prevent fraud in the sale of shares.

Polymath helps to tokenize and legally register stocks and bonds to enable decentralized transactions at a lower trading cost. Thanks to the PolyMath platform, various protocols and companies can tokenize their traditional investment currencies and convert them to security tokens (STO). Consider, for example, the shares of ASML that received a huge boost in mid-2021. However, finding the way to the stock market is often more difficult. For example, by tokenizing these shares, there can be many more investors.

Security tokens (STO)

An STO stands for Security Token Offer. Just as we know the Initial Coin Offering ( ICOs ), the investor receives a token that is equal to the current currency value at that time. But with an STO, this value is a representation of a stock, bond or specific fund. So it is a connection of the regulation and compliance of traditional assets with the revolutionary blockchain technology.

A security token is therefore basically the representation of one of these, recorded on the blockchain . When you invest in, for example, bonds, the ownership of these is officially assigned via a specific document. This can be a digital document or even a handwritten certificate. The principle is the same for these security tokens, but they are then recorded on the blockchain and issued as a specific token. These security tokens are ST20 tokens and represent stocks and/or bonds on the blockchain.

The difference between STO and ICO

While the principle is the same, STOs are backed by a particular asset. Even though this stock or bond is on the blockchain, it still retains its current value. The value of crypto during an ICO also has a certain value, but it can become very volatile right away. The value of these STOs moves with the traditional financial market, despite being on the blockchain.

ICOs also serve more as a utility token that gives users, among other things, governance or even access to develop dApps on the network. The purpose of this ICO is rather for using the platform and not so much as an investment. Due to this nuance, many ICOs bypass the legal frameworks and therefore do not have to register with different authorities.

Launching a certain security token is therefore many times more difficult because they offer an investment contract under securities law. This means that they must register in advance and comply with the relevant regulations.

ERC-1400

Initially, each security token was supported by its own smart contract on the Ethereum blockchain . But due to a lack of consistency in how these smart contracts were developed, PolyMath faced conflicts with stakeholders. Think of custodians and exchanges.

In order for security tokens to come into their own, certain requirements were necessary. For example, a mandatory know-your-customer (KYC) procedure, but also anti-money-laundering (AML) laws. They all have to work within an agreed framework to guide and optimize the industry. This created a new token: ERC-1400. The Security Token Standard.

By applying ERC-1400, the legal laws are applied worldwide. For example, a distinction is made between:

  • ERC1643: document management security
  • ERC2258: Retention of property
  • ERC1410: Only partially exchangeable tokens

This ERC1400 is an umbrella term for the above tokens. It can even apply off-chain data to transactions to process the necessary real-world input. This new standard gives Polymath a new and improved ecosystem.

SEC

The Securities and Exchange Commission (SEC) is an independent US federal government regulatory agency responsible for protecting investors. In addition, they ensure that the trade in these stocks and bonds is conducted in a fair and lawful manner. It is this authority that approves these security tokens. Any protocol must be registered with this SEC and will be followed according to the guidelines of this committee.

Which assets to tokenize?

PolyMath is therefore a digital platform where all companies can tokenize their traditional assets to create ST20 tokens. The protocol gives companies the freedom to add many different assets to the platform, distinguishing between traditional liquid assets and illiquid assets.

liquid

When looking at traditional liquid assets, Polymath distinguishes between listed equity, bonds and debt. Each of these is a liquid asset that can be tokenized into an ST20 token on Polymath’s blockchain.

illiquid

Even illiquid assets can exist on the blockchain thanks to this security token. This includes real estate, valuable works of art and even intellectual property.

PolyMesh

Polymath’s platform uses PolyMesh. This is a native blockchain that is specially optimized for the use of these security tokens. These represent a value that is thus substantiated by another asset, using the blockchain technology. This digitization allows them to leverage the power and functionality of the blockchain.

polymath polymesh

It integrates the legal requirements in the form of smart contracts to meet all the requirements and security regulations imposed by the government and by the SEC. PolyMesh has a two-part architecture:

Financial

Blockchains usually have several features built on top of the core of the blockchain. One of the frequently recurring goals is scalability and optimization in the execution of the tasks. At PolyMesh, the financial primitives and their development and application are the core and foundation of the network.

It allows users of the network to use the blockchain at a low, predetermined cost. This happens while third-party developers can deploy decentralized applications (dApps) on the blockchain.

Identity

Identity is an important aspect when looking at security tokens because it is regulated by assets from the traditional financial sector. Precisely because this identity is so important, Polymesh uses a real identity, rather than public keys like those used in other blockchains. Users no longer have a numerical code, but are given a name and personification on the blockchain.

Economic

The economics of PolyMesh is to provide the ecosystem with usability, security, and most importantly, sustainability. The core of this is that PolyMesh uses the native token POLYX. This is the fuel for the system. This manages and protects the blockchain. Every transaction made will be paid for by POLYX tokens.

Nominated PoS consensus

Polymesh’s consensus mechanism takes place through a Nominated Proof of Stake . In this, both nominators and validators work together to support and boost the economy of Polymesh by staking the native token.

Validators and Nominators work together to realize Polymesh’s economy by staking and trading on the consensus rules. Participants are rewarded for successfully verifying blocks in Polymesh.

polymash strike

Validators are tasked with approving nodes in the network to keep the blockchain secure and operational at all times. At Polymesh, there is a distinction between the validators based on their legal nature. Think of the difference between tokens related to documents versus tokens that specialize in property custody.

Nominators select the validators in the network based on trust. Anyone who holds POLYX and is verified can become a nominator. If the validators perform as instructed by the protocol, they are rewarded.

Token Studio

This token studio is an application where you can create, manage and issue your own security tokens. Through this studio, developers can design their tokens in a user-friendly way by means of various predefined rules. For example, you can select whether or not investors must comply with a know-your-customer procedure.

$POLY

POLY is an ERC20 token on the Polymesh Blockchain and has a total supply of 1 billion tokens. With the launch of Polymesh mainnet, users will be able to upgrade POLY tokens to POLYX, through a new bridge functionality on the platform.

PolyMesh distinguishes between three different types of fees. Each of these charges is done in the $POLYX native token:

  • Transaction costs
  • Protocol costs
  • Developer Fees

Roadmap

Polymath has of course come a long way since the start of the protocol in 2017. At the beginning of 2018, they already launched their first smart contract on the Ethereum ecosystem and not much later, in May 2018, the first ST20 token was launched together with the Token Studio dApp.

Their biggest challenge was to comply with all legal legislation and obligations. At the end of 2018, the first version for the ERC1400 tokens was already released. This was followed by several upgrades and optimizations.

Polymath roadmap

The year 2020 and 2021 will mainly be dominated by the mainnet. The team is still working hard to further develop Polymath. In the 3rd quarter of 2020, the first testnet went live with the introduction of its own Polymesh wallet. The year 2021 will therefore be completely dominated by the launch of the Polymesh mainnet.

Team

Chris Housser is interim CEO and co-founder of Polymath. Chris graduated in law from the University of Ontario in Canada. It was in 2016 when Chris started to delve into the world of cryptocurrency and especially how it is connected to traditional assets such as stocks and bonds. Chris is therefore an important link for Polymath.

Team Polymath

Adam Dossa is now the Chief Technology Officer (CTO) at Polymath with his master’s degree in computer science. As an enterprising person, he focuses on guiding young promising startups until he becomes blockchain advisor for the DREAM ecosystem in early 2017. From here he focused on the development and optimization of smart contracts. In addition to his role as CTO at Polymath, Adam is still active as a blockchain consultant at various external blockchain companies.

Mohammed Muraj is the General Counsel at Polymath. He is the lawyer who provides legal advice to the company. Muraj received his master’s degree in Management and Finance from New York University. He spent many years as a consultant to a large Canadian investment firm where he was responsible for overseeing its legal, regulatory and compliance functions. Since January 2020, Muraj has joined the Polymath team. At the time of writing 58 employees are active.

What is the price of the POLY token?

If you want to invest in the POLY token, a good start is to know its price. If you are already going  to trade, you also want to make a profit. You can make a  technical analysis  to see what the best buy or sell moment is.

The POLY token was withdrawn from CMC on April 2, 2018 at a price of $1.3025. Within half a year, this token has already reached its preliminary ATH on February 9, 2018 with a price of $1.66. After that, the price dropped again quite quickly and between August 2019 and October 2020 the price was low with mainly red numbers. With the lowest quoted price at $0.0125. Then the price regained a more positive momentum and rose to $0.64 in April 2021. At the time of writing, early October 2021, the price is $0.8697.

At  CoinMarketCap  , it is just inside the top 150 in place 126. I think this coin has a good prospect, especially if  Bitcoin  continues to rise in 2021. I think it could experience a good price development. If you want to invest in this coin, it is important to do your own research.

”;

Polymath (POLY) EUR 0.373969 (-12.64%)

Where can you buy the POLY token?

The POLY token is for sale on  Bitvavo  . Bitvavo  has included this coin in its offering at the beginning of September 2021. Most leading CEXs also offer this coin, such as  Binance  or Gate.io. There are also many  liquidity pools  on DEXs like  Uniswap  where you can find a POLY pair. If you live in the Netherlands or Belgium, Bitvavo is a very convenient option. You can click on the widget below, then you can immediately buy the POLY token.

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