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About the Polymath Network, Introduction to POLY Token.

2022 年 5 月 10 日

What Is Polymath?

Polymath provides technology to create, issue, and manage security tokens on the blockchain. Polymath spearheaded the creation of a unified standard for security tokens on Ethereum, ERC 1400, and over 200 tokens have been deployed using Polymath’s Ethereum-based solution. Recognizing that existing blockchains were insufficient to meet regulatory requirements of capital markets, Polymath built Polymesh, an institutional-grade blockchain built specifically for regulated assets.

Polymath streamlines antiquated processes and opens the door to new financial instruments by solving the inherent challenges with public infrastructure around identity, compliance, confidentiality, governance, and settlement.

Who Founded Polymath?

Polymath was founded while searching for a solution to tokenize a private fund. During this process, it became clear that complex technical and legal challenges made it very difficult to launch securities on the blockchain. This led to a much larger vision: instead of launching just one tokenized microfund, why not make it easy for anyone to launch a security token? With this idea, Polymath was born. Polymath has team members and contributors worldwide and a growing list of over 50 global service providers.

What makes the Polymath (POLY) special?

Polymath makes it easy to create, issue, and manage security tokens on the blockchain. More than 220 tokens have been deployed using the Ethereum-based solution. Polymath developed the open-source code for Polymesh, an institutional-grade blockchain built specifically for regulated assets

How many POLY are there in circulation?

After a successful Polymath platform launch, POLY was created to interact with the platform. POLY is the utility token that fuels 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 240,000,000 tokens having been distributed during launch. The max supply of POLY is 1 billion. 925,000,000 will be circulating by January 31, 2022. The team has locked up the final 75m until January 2024. Polymesh is currently in 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.