There are many ways to buy and sell POLY. Is developing, so the “tokenization” of fiat financial instruments will become That POLY may soon increase in price five times. The most optimistic experts are confident Working platform with the support of the issued coins: from conversion toīlockchain to the implementation of the necessary legal aspects. It means that the popularity of Polymath will increase. Soon, there is likely to be an increase in the number of coins. Also, the current token rate is attractiveįor investment. The developers managed toĭevelopers have close ties with the SEC. The developers raised funds through a private roundįor investors who passed the accreditation procedure. Used for the production of ST20 standard coins. Which conducts a fairly aggressive and effective campaign to promote the Special attention deserves the marketing department, Programmers, among whom there are a lot of well-known specialists with an The developers of the project are a team of Canadian This directly indicates the highĬonfidence of the participants of the cryptocurrency community in this coin. Token is available thanks to user voting. Stored on many wallets that support this format of cryptocurrencies.Ĭryptocurrency platforms. This token is designed on the ERC20 standard, so it can be Users at the addresses of wallets and much more. Size and schedule of payments to investors. For example, it is possible to adjust the Investor identification services under the KYC regulations.Ĭharacterized by flexible settings. Polymath cooperates with the Selfkey platform, which provides Of bonds, shares and other securities to tokenize assets for investors who have Standard coins, which are 100% legalized by all requirements of financial The procedure is called STO (Security Token Offering). Platform where fiat and digital assets can legally meet.Ĭycle of token supply, on the principle of ICO for ordinary cryptocurrencies. The Polymath project aims to become the first
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Token that meets the requirements of financial regulators.Īssets, as this leads to problems with regulators who will check the platformįor full compliance with the law. Will be legally equivalent to traditional securities. The result should be the so-called Security Token (ST). It follows all legal procedures necessary to work with traditionalįinancial assets. The features andĪdvantages of this platform will be discussed in detail below. Perform “digitization” of traditional assets (“tokenization”). In other words, the authors of the project propose to Polymath project is to tie together fiat assets in the form of securities based The Association has been bootstrapped with $8 million USD and 250 million POLYX to offer grants and incentives to developers.And each of them is designed to solve some pressing problems. The blockchain is being deployed by the Polymesh Association – a not-for-profit organisation based in Switzerland with the mission to promote and develop the protocol and ecosystem. “The 4,300+ users from our Incentivised Testnet along with additional users looking to create security tokens and stake POLYX mark the beginning of the next chapter in security tokens. “We’re thrilled to begin welcoming users to the Polymesh mainnet,” said Graeme Moore, Head of Tokenisation for Polymath.
In a landmark for security tokens globally, Polymesh’s native token – POLYX, was specifically designed to be designated as a utility token under Swiss laws, after collaborative conversations will the Swiss Financial Regulator FINMA. The Polymath team has used key design principles in the chain’s core to solve issues around identity, compliance, confidentiality, governance, and settlement. Polymesh has opened the doors for security tokens