Polymath (POLY)
| Market Cap | $0.00000000 |
|---|---|
| Trading Volume | $14.30 |
| Volume / Market Cap | – |
| Total Supply | 52,000,000 POLY |
| Max Supply | 52,000,000 POLY |
Polymath is currently trading at $0.1604, after a price change of 3.14% in the last 24 hours.
Ranked as cryptocurrency #7765 by capitalization today, POLY market cap is valued at $0.00000000. POLY trading volume reached $14.30 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on POLY coin price prediction page.
What is Polymath?
Polymath is a decentralized protocol for the creation of security tokens. Security tokens are financial instruments that are based on a blockchain. Polymath introduced Polymesh, a blockchain for regulated assets. The blockchain is secured with the nominated proof-of-stake consensus model, featuring validators and nominators.
Polymath created a unified standard for security tokens on Ethereum, ERC=1400, to support security tokens. Polymath’s tokens minted on its platform are based on the ST20 standard, which integrates KYC compliance as part of the required regulatory processes.
POLY is a utility token native to Polymath that powers access to smart contracts, issuance, and security token management. The token is used by issuers working on security tokens under the Polymath Token Studio. There are 898,550,829.67 circulating POLY tokens from an uncapped supply of 1 billion. The initial token supply of POLY was 1 billion, where 51.3% was set aside for the Polymath reserve, from which 6.8% will be released every 100 days for four years beginning May 11, 2018. 23% of the supply was allocated to pre-sale, and 17% to the founding team and advisors.
Polymath was founded in 2017 by Chris Housser and Trevor Koverko.