What Is Polymath (POLY)?

What Is Polymath

Polymath addresses barriers in security tokens with Polymesh, an institutional-grade blockchain built for security tokens and the first specialized chain of this nature.

What Is Polymath (POLY)?

Polymath provides the 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 security tokens have been deployed through Polymath’s Ethereum-based solution.

Polymath developed Polymesh, an institutional-grade blockchain designed specifically for regulated assets.

How Does Polymath Work?

Polymath’s network is intended to disrupt the security token market by promoting transparency and efficiency. In addition, the platform features several features, such as:

  • Open Source: The project is transparent and has kept itself open to the public.
  • Standardized: The project uses standardized ERC-1400 tokens, ensuring the token’s code meets requirements to minimize technicalities.
  • Modular: Tokens are specifically built and customized according to the user’s requirements.
  • Automated: The system can automate the rules set by issuers like who can hold the token, how they can be transferred, jurisdictional requirements, etc.
  • End-to-End: The platform provides an end-to-end solution and can integrate with custodians, legal requirements, token sales platform, KYC providers, Broker-Dealers, etc.

The History Of Polymath

Polymath was founded in 2017, and it raised $59 million in a private sale. Polymath’s technology on Ethereum has been running smoothly since December 2018.

Polymath has team and contributor members all around the world and over 50 international service providers.

Is Polymath A Good Investment?

The fact that Polymath has a total supply of 1 billion POLY coins makes it an attractive incentive to hold the coin for the long run.

Below you can see when POLY reached its last all time high before tanking back down:

Is Polymath A Good Investment

We can observe that POLY has failed to touch the all time highs of $1.30 from back in February of 2018.

Unfortunately many factors can contribute to a decline of a crypto project, whether that is investors losing confidence in the project or due to external elements such as the overall economy tanking. The question is whether POLY has gained sufficient confidence in investors and will propel a recovery in a new bull run (if we do get one).

To stay up to date with the current POLY price data, click here.

Should You Buy Polymath (POLY)?

For those retail investors who bought POLY prior to their all time highs back in November 2021 were rewarded with big gains. However it’s never sensible to make any investment decisions on past performance, as in some frequent occasions the value never goes back all the way up again.

That said, if you have done your due diligence on the Polymath project and are particularly interested in what they are achieving within the space, it’s worth only buying a few coins and familiarizing yourself with the system, community and overall project. Cryptocurrencies can be risky, so invest wisely and be careful with your hard earned money.

How Many Polymath (POLY) Coins Are There in Circulation?

Polymath has a total supply of 1 billion POLY coins.

Where Can You Buy Polymath (POLY)?

The best places to purchase Polymath (POLY) are at:

  • Binance
  • Bitrue
  • BingX
  • Phemex
  • DigiFinex

Remember to bookmark and revisit this page to see if more exchanges have been added.

Disclaimer: All images, branding and wording is copyright of Polymath. All content on this page is used for informational purposes only. CoinCitrus has no affiliation or relationship with the coins, projects or people mentioned on this page.