Last Updated: 15/08/2022
Official Website: https://polymath.network/
Technology for creating, issuing, and managing security tokens on the blockchain is provided by Polymath. Over 200 tokens have been issued utilizing Polymath's Ethereum-based solution, which was instrumental in the development of the ERC 1400 unified standard for security tokens on Ethereum. Polymath developed Polymesh, an institutional-grade blockchain designed exclusively for regulated assets, after realizing that previous blockchains were not up to the task of meeting the capital markets' regulatory standards. By addressing the underlying problems with public infrastructure surrounding identity, compliance, secrecy, governance, and settlement, Polymath streamlines outmoded processes and makes way for new financial instruments.
Although there is a huge market opportunity for security tokens, there are substantial obstacles to their acceptance by institutions. With Polymesh, the first such specialized chain from Polymath, these hurdles are removed. Polymesh is an institutional-grade blockchain designed for security tokens. Identity, compliance, secrecy, and governance are the four most important components that issuers, investors, institutions, and regulators need and demand. These are the pillars of Polymesh. These four pillars facilitate more complicated procedures, like settlement, when combined. Polymesh's specialization offers it, and the applications built on it, a clear advantage over general-purpose blockchains when it comes to establishing and managing digital securities.
The purpose-built infrastructure fills in the gaps in the traditional blockchain design, enabling the blockchain to operate in accordance with the needs of contemporary financial markets. Along with designing Polymesh, Polymath also developed a number of tools on the chain that give non-technical users a simple way to access the functionality of the chain. Polymath has the potential to revolutionize the capital markets by fusing user-friendly tools with Polymesh's robust capability.
POLY was developed to communicate with the Polymath platform following a successful platform launch. The utility token known as POLY is used by issuers to build and maintain security tokens on the Polymath Token Studio on Ethereum. With 240,000,000 tokens having been released during launch, POLY is held by about 100,000 wallets. POLY has a maximum supply of 1 billion. By January 31, 2022, 925,000,000 will be in circulation. Until January 2024, the team has secured the final 75 meters. Currently, Polymesh is in its testnet phase.
ERC20 POLY holders will have the opportunity to upgrade their POLY on a 1:1 ratio for POLYX when the Polymesh Mainnet debuts. There are only two types of POLYX: those produced during upgrade procedures and those produced by the blockchain as incentives for Proof-of-Stake transactions. Once Mainnet is operational, the amount of Ethereum-based POLY that is in circulation will be reduced by the amount that is converted to Polymesh.
Leveraging his 25 years of successful start-up and scale-up expertise in financial software and services, as well as telecom software, Vincent directs the growth of Polymath, offering an innovative and evolutionary software platform for a new generation of capital markets. Before joining Polymath, Vincent served as the CEO of Telepin Software Systems Inc, a fintech business that created a revolutionary digital wallet and payments platform for developed and developing markets worldwide.
Melanie oversees Polymath Research's financial, HR, and compliance departments. She makes sure the business has top-notch financial and corporate governance infrastructure so it can fulfill market demands and experience sustainable growth.
Melanie formerly served as the CFO of Brane Inc., a company that offers technology services for the safekeeping of digital assets. She has worked as the CFO of Incognito Software Systems, a multinational provider of telecom software, in addition to other senior finance positions.
With over 20 years of experience in creating and implementing strategic, integrated marketing plans that enhance demand generation, market awareness, and tangibly increase ROI, Joanne is a highly effective marketing executive. She is a master at gaining support from stakeholders and directing interdepartmental projects from high-level business concepts to concrete working and system level implementation. Joanne's effective leadership and execution of a $800,000 web seminar program, which had an impact on an average of $18 million in yearly sales, is only one of her numerous successes. She is also a skilled program developer who has successfully handled numerous product releases from a marketing standpoint.
With twenty years of experience in the commercialization of medTech, SaaS, and IT infrastructure technologies, Adam White is a senior R&D leader and product builder. In all facets of engineering, product development, and project management, he has held senior positions. His main goal is to support Series A-D companies as they develop their processes, products, and workforce. His involvement in the management team has given him the chance to witness rapid corporate expansion, acquisitions, and technological changes. Being a part of PlateSpin, a business that transitioned from bankruptcy to a $204 million exit in 2008, was a remarkable accomplishment.
Over the past four years, Brian has led prosperous national and international blockchain-based firms, and these close connections have given him a unique perspective on industry trends and goals. In various mid-sized companies, he has served as an interim C-suite executive, earning extensive operational, financial, and technological knowledge. For numerous Silicon Valley technology companies, he has performed considerable R&D and product design. Brian has master's degrees in both mechanical engineering and business administration.
The Atomic Wallet is another wallet provider that supports the Polymath (POLY) coin. This software wallet can be downloaded on to a desktop or mobile device and offers a wide range of features such as, enhanced anonymity, decentralisation, and security.
Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
Similarly, a user-friendly option to keep your $POLY secure can includeMetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.
You can Buy & Sell Polymath (POLY) by heading over to the Buy Coins page of our website. Polymath (POLY) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $POLY has never been easier, simply place your order and provide your wallet address. Once your payment arrives, Polymath (POLY) will be sent directly to your wallet.
If you choose to Sell Polymath (POLY) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Block Explorer: https://etherscan.io/token/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.