Polymesh, driven by native token POLYX, pioneers regulatory compliance, identity focus, and seamless asset tokenization. More
| Fully Diluted Valuation | $161.62M |
|---|---|
| 24H Trading Volume | $1.68M |
| 24H Low / High | $0.13 / $ 0.14 |
| Circulating Supply | 1.20B |
| Total Supply | 1.20B |
| Max Supply | ∞ |
| Categories | RWA Protocol 3 more |
|---|---|
| Founder | Chris Housser 3 more |
| Website | polymesh.network Whitepaper |
| Socials | 3 more |
| Explorer | Subscan |
| Name | Pair | OG Score |
|---|
Polymesh, with its native utility token POLYX, stands at the forefront of revolutionizing the traditional financial sector by offering an institutional-grade, permissioned blockchain tailored for regulated assets. This blockchain addresses longstanding challenges in governance, identity, compliance, confidentiality, and settlement associated with public infrastructure. At its core, POLYX plays a pivotal role in the Polymesh ecosystem, serving as the native protocol token for tasks like paying transaction fees, participating in governance, and staking on node operators. Unlike conventional blockchains, Polymesh employs a targeted approach by prioritizing regulated assets, adhering to the ERC-1400 standard, and emphasizing identity management to ensure compliance with KYC and AML regulations.
The innovative features of Polymesh extend beyond security tokens to encompass stablecoins, facilitating cost-effective on-chain activities and efficient cash distributions. The blockchain's architecture not only securely records the transfer of security tokens but also eliminates the need for third-party verification, bridging the information gap between token holders and issuers. With a nominated proof-of-stake consensus mechanism, Polymesh ensures network security by aligning the economic interests of node operators and stakers through the rewards and penalties system in POLYX. As a result, Polymesh provides a transparent, efficient, and regulatory-compliant platform for the digitization and transfer of traditional financial assets, with a keen focus on creating a seamless bridge between blockchain technology and the stringent requirements of the financial industry.
Founded by a core team led by individuals such as Chris Housser, Adam Dossa, and Charles Hoskinson, Polymesh gained notable momentum in 2023. Key developments included the integration of Binance as a blockchain node operator, enhancing network security and credibility. Furthermore, the collaboration with the NayaOne ecosystem showcased Polymesh's commitment to leveraging blockchain technology for financial services. The project's journey, from conceptualization to its official launch on October 13, 2021, highlights its significance in addressing industry-specific challenges and fostering a robust ecosystem for regulated financial assets.
Polymesh stands out for its institutional-grade, permissioned blockchain catering to regulated assets, prioritizing compliance, identity management, and seamless tokenization of traditional financial instruments.
The core team of Polymesh is led by individuals like Chris Housser, Adam Dossa, Graeme Moore, and Charles Hoskinson, a co-founder of Ethereum and Cardano.
Polymesh has partners and investors such as Enterprise Ethereum Alliance (EEA), Hyperledger Cactus, Temenos, Blossom Capital, ICONOMI, Maven 11 Capital.
Polymesh utilizes a nominated proof-of-stake consensus mechanism, incentivizing collaboration between node operators and stakers to ensure network security and integrity.
You can buy Polymesh (POLYX) on Binance, Gate.io, BitgetHTXKuCoin cryptocurrency exchanges.
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