Polymath: The Platform for Security Tokens

Polymath: The Platform for Security Tokens

Polymath is a platform that enables anyone to create, issue, and manage security tokens on the blockchain. It is built for regulatory environments and supports ERC1400 standard, smart contracts, and modularity. In this post, we will explore the features, trends, updates, analysis, and outlook of Polymath and its native token POLY.

Coin Introduction and Features

Polymath was founded in 2017 with the vision of making it easy for anyone to launch a security token. Security tokens are digital representations of regulated assets, such as equity, debt, real estate, or art. They offer the benefits of blockchain technology, such as transparency, efficiency, and liquidity, while complying with the legal and financial requirements of capital markets.

Polymath provides a suite of tools and services to help issuers and investors navigate the complex process of tokenization. These include:

• Polymath Token Studio: A web-based application that allows users to create and configure security tokens on the Ethereum blockchain using the ERC1400 standard. Users can choose from various modules to customize their tokens, such as identity, compliance, dividends, voting, and more.
• Polymath Service Providers: A network of over 50 global service providers that offer legal, technical, financial, and marketing support to issuers and investors. Users can browse and select from the list of verified providers on the Polymath platform.
• Polymesh: An institutional-grade blockchain built specifically for security tokens. Polymesh is designed to address the inherent challenges of public infrastructure around identity, compliance, confidentiality, governance, and settlement. Polymesh is currently in testnet phase and will launch its mainnet in 2021.

Polymath’s native token is POLY, an ERC20 utility token that powers the Polymath platform. POLY is used to pay for the services and fees on the platform, as well as to stake and participate in the governance of Polymesh. POLY holders will be able to upgrade their tokens to POLYX, the native token of Polymesh, at a 1:1 ratio when the mainnet goes live.

Market Analysis and Trends

POLY is currently trading at $0.121931 USD with a 24-hour trading volume of $45,759.02 USD1. It has a circulating supply of 924,998,413 POLY and a total supply of 1,000,000,000 POLY1. It ranks #414 on CoinMarketCap with a market capitalization of $112,786,063 USD1.

POLY has experienced significant price fluctuations in the past year, reaching a high of $0.2447 USD on February 12, 2021 and a low of $0.01431 USD on March 13, 20201. The price movements of POLY are influenced by various factors, such as:

• The demand and supply of security tokens and the adoption of Polymath’s platform and services.
• The development and innovation of Polymath’s technology and products, especially Polymesh and its mainnet launch.
• The competition and collaboration with other platforms and projects in the security token space, such as Securitize, tZERO, and Tokeny.
• The regulatory and legal environment and the compliance of security tokens with different jurisdictions and standards.
• The sentiment and behavior of the crypto community and the general public towards security tokens and Polymath.

Project Updates

Polymath is constantly working on improving its platform and products, as well as engaging with its community and partners. Some of the recent updates and announcements from Polymath are:

• Polymesh Testnet v4: Polymath released the fourth version of its testnet on March 9, 2021, which introduced new features and enhancements, such as identity management, asset creation, compliance management, and governance2.
• Polymesh Governance Committee: Polymath announced the formation of the Polymesh Governance Committee on March 4, 2021, which consists of seven members from different sectors and regions, such as KPMG, Blockchain Association, and the World Economic Forum. The committee will oversee the governance and evolution of Polymesh2.
• Polymath Token Studio 2.0: Polymath launched the second version of its Token Studio on February 10, 2021, which improved the user interface and experience, as well as added new features, such as token templates, dividend modules, and document management2.

Analysis and Recommendations for Investments

Polymath is a promising project that aims to bridge the gap between traditional finance and blockchain technology. It offers a comprehensive and user-friendly solution for creating and managing security tokens, which have the potential to revolutionize the capital markets and unlock new opportunities for issuers and investors.

POLY is a valuable token that enables users to access and benefit from Polymath’s platform and services. It also represents a stake and a voice in the governance of Polymesh, which is expected to be the leading blockchain for security tokens. POLY holders can look forward to the mainnet launch of Polymesh and the upgrade to POLYX, which will enhance the functionality and utility of the token.

Therefore, we recommend POLY as a good investment for long-term holders who believe in the vision and potential of Polymath and security tokens. However, we also advise investors to do their own research and due diligence, as well as to be aware of the risks and uncertainties involved in the crypto market.

Outlook and Community Response

Polymath has a positive outlook for the future, as it continues to develop and innovate its platform and products, as well as to expand and engage its community and partners. Polymath has a clear roadmap and vision for 2021 and beyond, which includes:

• Polymesh Mainnet Launch: Polymath plans to launch the mainnet of Polymesh in Q3 2021, which will mark a major milestone for the project and the security token industry. Polymesh will offer a secure, compliant, and scalable blockchain for security tokens, as well as a new token standard, POLYX.
• Polymesh Token Migration: Polymath will enable POLY holders to upgrade their tokens to POLYX at a 1:1 ratio when the mainnet goes live. POLYX will be the native token of Polymesh and will have enhanced features and benefits, such as staking rewards, governance rights, and transaction fees.
• Polymesh Ecosystem Growth: Polymath will continue to grow and support its ecosystem of service providers, issuers, investors, and developers, who will use and contribute to Polymesh and its applications. Polymath will also collaborate with other platforms and projects in the security token space, as well as with regulators and policymakers, to foster the adoption and innovation of security tokens.

Polymath has a positive community response, as it has a loyal and active fan base, as well as a strong and reputable team and advisors. Polymath has over 100,000 followers on Twitter, over 20,000 members on Telegram, and over 10,000 subscribers on Reddit1. Polymath also receives positive feedback and recognition from various media outlets, industry experts, and influencers, such as Forbes, CoinDesk, and Anthony Pompliano