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Polymath (POLY)POLY
$0.23802
-3.66%
Polymath (POLY)
POLY Price
$0.23802
-3.66%
Rank
#163
Market Cap (24H)
$205.63M
-3.66%
Volume (24H)
$17.79M
-28.20%
Circulating Supply
863,928,753
Transp. Vol.
Grade
1H1D1W1M1Y
-3.66%
ETH0x9992e...d88d1ec
ETH
Verify address & DYOR
Contract
ETH0x9992e...d88d1ec
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://www.polymath.network/
CommunityTwitterRedditTelegramGithubFacebook
Polymath is a tokenization platform designed to solve problems related to identity, compliance, privacy, governance, and...Read more
Polymath logo
POLY
United States Dollar logo
USD

Polymath Price (POLY)

POLY Daily Performance

Today's Polymath price is $0.23802, which is down 4% over the last 24 hours. Polymath's market cap is $205.63M. 24 hour POLY volume is $17.79M. It has a market cap rank of 163 with a circulating supply of 863,928,753 and max supply of 1,000,000,000. Polymath is traded on exchanges. Polymath had an all-time high of $1.4593 over 4 years ago. Over the last day, Polymath has had 0% transparent volume and has been trading on 119 active markets with its highest volume trading pairs being .

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Polymath Statistics

Summary
Polymath Price (24hr)$0.23802 (-3.66%)
Market Cap$205.63M (-3.66%)
Trading Volume (24hr)$17.79M (-28.20%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating Supply863,928,753 (86.39%)
7D Price Prediction
N/A
API Coverage
1st 1D CandleFeb '18
1st TradeFeb '18
1st OrderbookAug '18
Exchanges57
Trading Pairs119
Updated1 minute

Price

$0.23802
Price Change
-$0.009037 (-3.66%)

All-Time High

$1.4593
Date of ATH2/20/2018
Days Since ATH1551
% of ATH16.31%
Price vs ATH

Market Cap

$205.63M
Mkt Cap Change
-$7.81M-$7,807,520 (-3.66%)
Mkt Cap Rank163
Mkt Dominance
Mkt Dominance

Circulating Supply

863,928,753
Max Supply1,000,000,000
% in Circulation86.39%
% in Circulation

Volume

$17.79M$17,786,776
Vol. Change
-$6.99M-$6,986,340 (-28.20%)
Exchange VolumeUnknown

Transparent Volume

Unknown
Transparent Volume (Δ)
Unknown
Transparent Volume

About Polymath

Polymath is a tokenization platform designed to solve problems related to identity, compliance, privacy, governance, and computing. It is based on the idea of ​​giving everyone the capability to create, issue, and manage security tokens on the blockchain. The protocol was launched in 2017 by Polymath Inc headquartered in St. Thomas, Barbados.

Since Polymath’s technology focuses on bringing efficiency and transparency across all of its products, it allows issuing tradable tokens that comply with securities laws of various regions. For example, with its help, users can tokenize traditionally illiquid assets such as private placements, real estate, or fine art. In addition, companies and protocols can tokenize their assets or convert their traditional investment currencies to security tokens to make them more attractive to stakeholders. Besides, with Polymath, users can tokenize and legally register stocks and bonds to enable transactions at lower trading costs. The creation of traditional digital assets as well as stablecoins is also possible.

Polymath technology is an end-to-end solution that can be easily integrated with ecosystems of custodians, broker-dealers, law firms, token sale platforms, and KYC/AML providers. It allows issuers to reserve their tickers, customize their tokens, connect to the ecosystem of providers, and automate the application of rules and restrictions. They can also modify all configurations as needed. At the time of writing, over 200+ tokens have already been deployed on Polymath.

The security token standard

Security tokens that Polymath works with are blockchain-based digital representations of stocks, bonds, specific funds, or securities, such as debt, equity, or real estate. Just like traditional securities, they are subject to regulation and must meet strict compliance standards. What makes security tokens different from other types of digital items is that they are backed by particular assets.

Polymath spearheaded the creation of ERC-1400, a unified security token standard on Ethereum that complies with all legal regulations and obligations, and released the first version of such a token in late 2018. The ERC-1400 standard provides increased transparency for investors regarding their ownership rights to reduce the risk of fraud and improve regulatory acceptance.

Polymesh

Polymesh, a blockchain created by Polymath specifically to issue security tokens, went live in March 2021. It is a Proof-of-Stake chain optimized for regulated markets and assets where operators and stakeholders work together to keep it secure.

The Polymath Token Studio is a self-service application that allows users to create, issue, and manage security tokens on Ethereum and Polymesh blockchains. In particular, it lets issuers customize their offerings, and set rules around who can hold their tokens and how they can be transferred.

The Polimesh wallet is a Google Chrome extension that allows users to create signing keys, view and monitor the POLYX balance, control transfers of Polymesh-based assets, etc.

The Polymath token

The Polymath token or POLY is an ERC-20 token created to interact with the platform. The maximum total supply of POLY is limited by 1 billion coins with 75 million tokens being locked up until January 2024.

POLY is a utility token that powers the Polymath Token Studio on Ethereum. Projects use it to pay gas fees for issuing and managing security tokens. Additionally, POLY can be used to pay for the network's additional services such as legal advice, assistance in token sales, custodial solutions, and KYC integrations. Also, transaction validators help to secure the network and have an opportunity to earn passive income by staking their POLY tokens.

The POLY token can be bought and traded on leading cryptocurrency exchanges such as Binance, DigiFinex, BingX, Phemex, Upbit, Coinbase, and Hotcoin Global. Users can store POLY in any ERC-20 compatible wallet.

The Polymesh network charges three different types of fees: transaction costs, protocol costs for additional functions, and developer costs that are determined by the creators of smart contracts on the network. All fees must be paid in POLYX, an upgraded version of POLY created together with the Polymesh mainnet launch in October 2021.

POLY holders can obtain the POLYX tokens by exchanging their coins at a 1:1 ratio. After the mainnet went live, 250 million POLY tokens were swapped to POLYX and placed in the Polymesh Network Treasury. The number of POLYX will be kept at a maximum of 14% of the total POLY supply until it reaches 1 billion. After that, the number of newly issued POLYX will be set at 140 million per year as a measure against inflation.

POLYX can be used for staking and rewarding node operators and developers. In addition, holding POLYX gives users the right to vote for network improvements. Also, token holders can create and manage security tokens. Besides, all fees collected by the platform are split between the Network Treasury and node operators at a 4:1 ratio.

Polymath security

The Polymath platform passed a security audit by CertiK in February 2021. The code examined by the team did not have any significant or critical issues. Only two minor issues were found, and the team resolved them immediately.

Polymath team and partners

Polymath has a multinational team and a network of supportive contributors worldwide. The development team consists of professionals deeply involved in blockchain technologies and passionate about fixed-income products and technologies in the financial sector.

Chris Housser, a former associate at Bennett Best Burn LLP, and Eric Weiss, an investor from Digital Strategies, co-founded Polymath enabling traditional securities to migrate to the blockchain. Adam Dossa is the Head of Blockchain and the Chief Technology Officer at the Polymesh Association.

Additionally, Polymath has established partnerships with a wide range of companies and 50+ global service providers to help its clients integrate the Polymath dashboard. They include advisory firms and law companies that help clients plan and execute their STOs (Security Token Offerings), KYC and AML firms, marketing, and PR agencies to promote STOs, custody and escrow services, token sale platforms, capitalization platforms, and tax services.

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Polymath Markets

(Top 10)
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Polymath Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Polymath price? How much is 1 Polymath worth?

    The price of 1 Polymath is $0.23802. Over the last 24 hours, a Polymath is worth -3.66% less. Visit our currency converter page to convert POLY prices to currencies other than USD.
  • When did Polymath start?

    The earliest trading data for Polymath is on February of 2018 (based on current exchange data).
  • How high can the Polymath price go?

    Polymath’s price has gone as high as $1.4593 (which is POLY’s all-time high). It achieved this price over 4 years ago. Speculations abound for how high Polymath’s price will get in the future.
  • What's the smart contract address for Polymath?

    Polymath's smart contract address is 0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec.

Today's POLY / Polymath News for May 21, 2022

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