Polymath (POLY) is a utility token of the Polymesh blockchain \u2014 the network providing the infrastructure for the issuance of security tokens. Polymesh was founded in 2017 with the plans to launch the mainnet in 2021.Security tokens represent digitized financial securities \u2014 like an ownership stake in an asset \u2014 \u201cliving\u201d on the blockchain. Security tokens, while utilizing blockchain technology, also have to comply with the rules and regulations typical for the traditional financial industry. This means that it\u2019s not always convenient to issue such tokens on networks like Ethereum which are usually used for this purpose. For example, owner\u2019s identity information is important in portfolio management, even if it\u2019s tokenized, while most blockchain networks are designed to avoid using identities. This, and other similar reasons, is why the Polymesh network was created: it combines the best of both worlds.The Polymesh network is secured using Nominated Proof-of-Stake (NPoS) protocol. It is permissioned, meaning that both Validator and Nominator nodes are known entities. Polymath Token (POLY) is used to power the network: transaction fees, module fees (payments at the launch of a new security token), and smart extension fees (for the third-party smart extensions) are paid in POLY. Polymath token is also used for governance purposes.Note that POLY is an ERC-20 token. Within the year after the mainnet launch, most of the POLY tokens are expected to be swapped 1:1 to POLYX \u2014 the native token on Polymesh.Polymath (POLY) has joined the crypto market rally at the beginning of 2021, which is no big surprise. POLY\u2019s price has grown from ~$0.1 at the start of January to more than $0.7 by late March. Polymath token\u2019s price then went through a slump, dipping back down to $0.1 in June.Soon the trend reversed again, and POLY\u2019s price reached ~$0.4 by the end of\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Polymath (POLY) is a utility token of the Polymesh blockchain \u2014 the network providing the infrastructure for the issuance of security tokens. Polymesh was founded in [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5348"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=5348"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/5348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=5348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=5348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=5348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}