What is Polymath? Polymath provides technology to create, issue, and manage security token. Over 200 security token have been deployed using Polymath's solution. Polymath built Polymesh to meet the regulatory requirements of capital markets.
Polymath was founded by who? Polymath was founded to find a solution to tokenize a private fund. It became clear during this process that it was very difficult to launch securities on the block. Instead of launching just one tokenized microfund, why not make it easy for anyone to launch a security token?
There are significant barriers standing in the way of institutional adoption of security token. Polymesh is the first specialized chain of this nature and addresses these barriers with Polymath. Identity, compliance, confidentiality, and governance are some of the most important elements that issuers and investors need. Polymesh has a distinct advantage over general-purpose blockchains when it comes to creating and managing digital securities. Polymath has built a series of tools on the chain that are easy to use for non-technical users.
Poly was created to interact with the platform after a successful launch. Poly is a utility token that is used to create and manage security token on the platform. There are almost 100,000 wallets with POLY in them. There will be 1 billion POLY by January 31, 2022, which is the max supply. The testnet phase has Polymesh in it. When the Polymesh Mainnet launches, POLY holders may upgrade their POLY on a 1:1 basis. The only POLYX that exist are those created via the upgrade process and any created by the blockchain for Proof-of-Stake rewards.
Where can I buy POLY? Poly is available for trading on a growing number of exchanges. The largest markets are Upbit and Binance.