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Polymath is a securities token platform designed to act as an interface between financial securities and the blockchain. It aims to simplify and streamline the complex technical and legal challenges of conducting a token launch. One of the key premises of Polymath is the belief that financial securities such as stocks, bonds, venture capital, private equity and more will soon be replaced by tokens that live on the blockchain.
Founded in 2017, Polymath offers a decentralised protocol that embeds all the necessary regulatory requirements into the tokens themselves. The protocol also verifies crypto wallet addresses to ensure that only authorised investors are able to transact with a particular security token.
Polymath aims to provide a link between Wall Street and blockchain, providing a scalable platform where companies can issue securities on the blockchain using a standardised token protocol known as ST-20. The goal behind tokenising these assets is to provide investors with higher liquidity and to open capital markets to the world’s 2 billion unbanked adults.
To issue securities on Polymath and interact with the platform, the protocol uses its native utility token, POLY.
Polymath (POLY) is the 192nd largest cryptocurrency in the world by market cap, valued at $202,591,680. The current price of Polymath is $0.31978542, which is 4.335% higher than yesterday. Prices have ranged between $0.3283892 and $0.30649848 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 17, 2022 08:05 UTC.
| Coin symbol | POLY |
|---|---|
| Coin Marketcap | AUD$202,591,680 |
| Total POLY supply | 1,000,000,000 |
| Circulating POLY | 898,550,830 |
| Current price | AUD$0.31978542 |
| All time high | AUD$3.2092 |
| All time high date | February 20, 2018 |
| Notable team members | Chris Housser, Vincent Kadar |
| Partnerships | Cardano, IdentityMind, SelfKey |
| Industry | Privacy coins |
| Token uses | Token minting, utility token, payments |
| Network | Ethereum |
Historical prices compared with the price of $0.31978542.
| 1 hour | 0.29% |
|---|---|
| 24 hours | 4.33% |
| 7 days | -12.11% |
| 14 days | -34.48% |
| 30 days | -44.90% |
|---|---|
| 60 days | -43.59% |
| 200 days | -67.53% |
| 1 year | -30.22% |
Disclaimer: Cryptocurrencies, including Polymath, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of POLY is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Polymath or any other cryptocurrency discussed.
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