Polymath - Combining crypto and securities

Polymath (POLY)

What is Polymath?

Polymath is a blockchain platform looking to bridge the gap between traditional finance and blockchain technology. It allows users to create tokenized versions of securities, using its own Ethereum standard: ERC-1400. Over 200 different tokens have been issued using Polymath.

Why does Polymath have value?

While Polymath is not the only platform that allows the tokenization of securities, it’s strong point of value is the regulatory compliance, that allows traditional institutions to invest in it safely. Polymath allows issuers to set rules for their tokens allowing them to restrict and/or create directives on who can hold the token(s), how they can be transferred, and what geography they are allowed in.

What are the benefits of Polymath?

●       It complies with regulatory measures needed for institutional investment.

●       It allows traditional banks to tokenize their financial products

●       It eases the process to launch tokens and understand the ecosystem; by offering a set of guides and learning tools.

What are the disadvantages of Polymath?

●       Ethereum congestion can hinder its performance.

●       Regulatory compliance means users must go through KYC.

What are POLY’s tokenomics?

The total supply of POLY is 1 billion. 23% was distributed among pre-sale investors; 15% went to the founders; 2% to advisors; 1% was distributed in an airdrop; and 51.3% was reserved to fund development and will be released gradually until 2024.

Who founded Polymath?

Chris Housser and Trevor Koverko.

Who are Polymath’s investors?

Polymath has conducted one funding round, raising $58.7 million. The main investors are George Burke, BlockAsset Ventures, Cipher Ventures, DNA Fund, First Block Capital, Genesis Block, NueValue Capital, Shibumi Crypto Capital, and VRF Capital.

Concise Crypto Grade:

B-  :Tokenized assets are becoming more and more popular with financial products, stocks, and even real estate being tokenized and traded on the blockchain. We like that Polymath is adhering to regulation and helping TradFi (Traditional Finance) understand blockchain technology and the benefits. In the long term, Polymath should do very well. However, retail investors may need a few more years to feel comfortable using their products.

Where can I buy POLY?

Binance, Coinbase Exchange, Gate.io, Huobi Global, Crypto.com, Poloniex.

What ecosystem does Polymath run on?

Ethereum and soon the Polymesh network.