Polymesh

Polymesh

POLYX
$0.315208951%-11.14

Key Metrics

Price$0.315208951
Real Volume (24H)$56,471,676.72
Marketcap$269,344,185.9
Fully Diluted Valuation$97,984,837
ATH$0.494208
ATH Date10/17/2022, 2:43:16 PM
ATL$0.102621
ATL Date8/11/2022, 9:43:33 PM
Circulating Supply688M
Total Supply688M
WebsiteN/A
WhitepaperN/A
Popularity Rank178
Chart
What is Polymesh?

Polymesh, represented by the token POLYX, is a cutting-edge institutional-grade permissioned blockchain designed specifically to cater to regulated assets. By addressing the challenges associated with governance, identity, compliance, confidentiality, and settlement within public infrastructure, Polymesh revolutionizes the financial landscape, opening doors to new financial instruments and streamlining outdated processes.

One of Polymesh's key advantages is its seamless integration of built-in financial primitives, enabling users to interact with the blockchain while incurring minimal fixed costs. This feature empowers developers to create decentralized applications (dApps) on the platform, fostering innovation and expanding the possibilities within the Polymesh ecosystem. Moreover, Polymesh aims to tackle critical concerns such as rule enforcement, identity verification, regulatory compliance, data privacy, and transaction finalization, ensuring a robust and secure blockchain environment.

The founders of Polymesh, leading the charge in its development and success, are a group of experienced professionals. Chris Housser serves as the Head of Strategy, Adam Dossa as the Head of Blockchain, Graeme Moore as the Head of Tokenization, William Vaz-Jones as the Head of Partnership Development, Robert Jakabosky as the Head of Applied Blockchain Research, Francis O’Brien as the Head of Developer Relations, and Nick Cafaro as the Head of Product. Their collective expertise drives the vision and execution of Polymesh's goals.

Polymesh's uniqueness lies in its emphasis on regulated assets, leveraging the ERC-1400 standard proposed by Polymath for security tokens. This approach strikes a delicate balance between global accessibility and regulatory compliance, catering to industries and institutions seeking to embrace the potential of security tokens while adhering to regulatory requirements.

Unlike other blockchains that commonly rely on public key systems for actions, Polymesh introduces a more comprehensive and secure approach through its identity-based system. These identities possess universal permissions, granting authorized entities seamless access to the Polymesh network. This architecture facilitates the secure recording of security token transfers, eliminating the need for third-party verification and enhancing efficiency and transparency between token holders and issuers.

Polymesh also prioritizes the privacy of token holders during voting processes while leveraging the transparency of the public blockchain through its "Corporate Governance" feature. This dual approach ensures fair and tamper-proof voting mechanisms, mitigating the risk of manipulation and enhancing overall governance integrity.

In addition to security tokens, Polymesh extends its support to stablecoins, which are pegged to various currencies and issued by authorized and well-capitalized third parties. These stablecoins enable cost-effective on-chain activities and efficient cash distributions, further enhancing the utility and versatility of the Polymesh ecosystem.

Regarding the token supply, Polymath's ERC20 token, POLY, currently has a total supply of 1 billion tokens. While the majority of POLY is expected to be converted to POLYX, the native token of Polymesh, the overall supply of POLYX will not have a fixed or predetermined upper limit. The supply of POLYX will increase over time to fund block rewards and support the Proof-of-Stake consensus mechanism that underpins the Polymesh network.

In conclusion, Polymesh is a pioneering force in the blockchain space, bringing safety, security, and education to the forefront. With its focus on regulated assets, integration of financial primitives, identity-based system, and commitment to privacy and transparency, Polymesh stands as a trailblazer in revolutionizing the way regulated assets are managed and transacted. Through its innovative features and dedicated team, Polymesh is poised to shape the future of the financial industry by providing a robust, compliant, and efficient blockchain ecosystem.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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