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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Polymath is on the rise this week.
The price of Polymath has risen by 8.88% in the past 7 days. The price declined by 0.30% in the last 24 hours. In just the past hour, the price shrunk by 0.86%. The current price is $0.2654 per POLY. Polymath is 84.01% below the all time high of $1.66.
The current circulating supply is 924,998,413 POLY.
POLY is an ERC-20 token that aims to facilitate the creation and management of security tokens on the Polymath platform. By creating a compliance-focused standard (ST-20) to issue and manage security tokens, Polymath seeks to tokenize traditional and new asset classes.
What Is Polymath Network (POLY)?
The Polymath network’s native token is POLY. POLY is an standard token and is also the platform’s . The token finds its primary utility as gas fees for creating or issuing security tokens. Moreover, POLY can also be used for paying the network’s additional services like legal advice, assistance in token sales, custodial solutions, and providing KYC and AML regulatory services. POLY can be upgraded 1:1 for POLYX, the native protocol token of Polymesh.
Security tokens are a new class of digital assets. These digital security tokens aim to represent any type of asset, be it liquid assets like stocks and bonds or illiquid assets like real estate and intellectual property. As per the , security tokens represent tremendous market opportunities and can alter the financial landscape. The project aims to lower the barriers around creating and managing security tokens.
The Polymath network aims to brings transparency and efficiency to the security token market. The platform even offers certain features, including
Open Source: The project is transparent and has kept itself open to the public.
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.
History of Polymath Network
Polymath was founded in 2017. Polymath raised $59 million in a private sale. Polymath’s technology on Ethereum has been live since January 2018. Later in 2018, Polymath spearheaded ERC-1400, the most widely implemented standard for security tokens. In May 2019, the platform announced the custom-built blockchain initiative Polymesh. The Polymesh layer-1 blockchain is built using the Parity Substrate framework. The not-for-profit Polymesh Association launched Polymesh in October 2021. There is an optional 1:1 upgrade bridge for users to upgrade their ERC-20 POLY to POLYX, the native token on Polymesh. The Ethereum smart contracts continue to exist and are used on a regular basis by the community and major institutions.
How Many POLY Tokens Are There?
The total supply of POLY tokens is 1 billion. As of August 11, 2022, 377 million have gone through the one-way upgrade bridge, leaving only 623 million POLY available on Ethereum.
How to Buy POLY Tokens
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Polymath on social media.
Polymath was mentioned in 324 out of 1,730,343 social media posts on Twitter and Reddit on Oct 05, 2022. 256 unique individuals are talking about Polymath and it is ranked #314 in most mentions and activity from collected posts.
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What is the current price of Polymath?
The price of 1 Polymath currently costs $0.27.
What is the market cap of Polymath?
The current market cap of Polymath is $245.49M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Polymath?
The all-time high of Polymath is $1.66. This all-time high is highest price paid for Polymath since it was launched.
What is the 24 hour trading volume of Polymath?
Over the last 24 hours, the trading volume of Polymath is $46.48M.
What other assets are similar to Polymath?
How many Polymath are there?
The current circulating supply of Polymath is 925 million.
What is the typical holding time of Polymath?
The median time that Coinbase customers hold Polymath before selling it or sending it to another account or address is 22 days.
What is the relative popularity of Polymath?
Polymath ranks 73 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Polymath?
Currently, 71% of Coinbase users are buying Polymath. In other words, 71% of Coinbase customers have increased their net position in Polymath over the past 24 hours through trading.
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