Polymath

Token

Polymesh

Million

Security

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Polymath is a platform that enables the creation, issuance, and management of security tokens on blockchain.</a> </li> 
 <li> <span>2</span> <a>Security tokens are digital assets that represent regulated financial instruments, such as equity, debt, or real estate.</a> </li> 
</ul> 
<p>Polymath offers technology to create, issue, and manage security tokens on the blockchain. Polymath led the development of a common standard for security tokens on Ethereum, ERC 1400, and over 200 tokens have been created using Polymath’s solution on Ethereum. Realizing that existing blockchains were not suitable to meet regulatory requirements of capital markets, Polymath built Polymesh, a blockchain designed specifically for regulated assets.</p> 
<p>Polymath simplifies outdated processes and creates new opportunities for financial instruments by addressing the inherent challenges with public infrastructure around identity, compliance, confidentiality, governance, and settlement.</p> 
<p>Polymath Network crypto is used to issue, trade and manage security tokens. The platform offers a set of tools for creating and managing security tokens that comply with regulations, which can represent various assets such as equity, debt, or real estate.&nbsp;</p> 
<p>POLY tokens are used for paying transaction fees and joining the platform’s governance. Polymath aims to transform the securities industry by making it more accessible and efficient through blockchain technology.</p> 
<h2 class="wp-block-heading" id="strong-how-many-poly-are-there-in-circulation-strong"><strong>How many POLY are there in circulation?&nbsp;</strong></h2> 
<p>After a successful Polymath platform launch, POLY was created to interact with the platform. POLY is the utility token that powers the Polymath Token Studio on Ethereum and is used by issuers creating and managing security tokens on the platform. Almost 100,000 wallets hold POLY with 240 Million tokens having been distributed during launch.</p> 
<p>The max supply of POLY is 1 Billion. 925 Million will be circulating by January 31, 2022. The team has locked up the final 75 Million until January 2024. Polymesh is currently in the testnet phase. When the Polymesh Mainnet launches, ERC20 POLY holders may optionally upgrade their POLY on a 1:1 basis for POLYX. The only POLYX that exist are those created via the upgrade process and any created by the blockchain for Proof-of-Stake rewards. Once Mainnet is live, the circulating supply of Ethereum-based POLY will decrease by the amount that is swapped to Polymesh.</p> 
<h2 class="wp-block-heading" id="strong-price-overview-of-polymath-strong"><strong>Price Overview of Polymath</strong>.</h2> 
<p>As per CoinGecko, currently, Polymath crypto was trading at $0.186806 with a market cap of $169.4 Million and a circulating supply of 900 Million POLY. The price is up by 2.81% in the past 24 hours and fell by 0.60% in the past 7 days. The trading volume has dropped by 35.20% in the past 24 hours to $16.5 Million, indicating less market activity.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1035" height="572" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-574.png" alt="Polymath Crypto: A Platform for Security Tokens on Blockchain" class="wp-image-185179" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-574.png 1035w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-574-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-574-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-574-768x424.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-574-750x414.png 750w" sizes="(max-width: 1035px) 100vw, 1035px">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
  </figcaption>
 </figure>
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/12/20/loopring-crypto-protocol-building-decentralized-crypto-exchanges/" target="_blank" rel="noreferrer noopener">Polymath crypto </a>reached its highest price of $1.59 on Feb 20, 2018 (almost 6 years ago). The current price is 88.20% lower than that. Polymath crypto reached its lowest price of $0.01100606 on Mar 13, 2020 (almost 4 years ago). The current price is 1,613.50% higher than that.</p> 
<p>Polymath crypto is ranked #253 on CoinGecko today. Market cap is calculated by multiplying token price with the circulating supply of POLY tokens (900 Million tokens are available on the market today).</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Polymath is a platform that aims to transform the securities industry by making it more accessible and efficient through blockchain technology. Polymath offers a set of tools for creating and managing security tokens that comply with regulations and can represent various assets. Polymath has also developed its own blockchain, Polymesh, which will offer more features and benefits for regulated assets. Polymath Network crypto is the token that fuels the platform and is used for fees and governance. POLY has a limited supply and a volatile price history, reflecting the innovation and challenges of the security token space. Polymath is a platform that investors and issuers should keep an eye on as it continues to evolve and grow.</p>

Polymath Crypto: A Platform for Security Tokens on Blockchain

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Thecoinrepublic.com

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