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Polymath

POLY

Trade Polymath on DEX

Polymath can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

Market

Market stats

Market cap

$174.7M

Volume (24h)

$93,138.40

Circulating supply

925.0M POLY

Typical hold time

24 days

Popularity

#248

All time high

$1.66

Price change (1h)

-1.91%

Price change (24h)

-2.43%

Price change (7d)

+7.15%

About Polymath

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?

Polymath (POLY) is a unique cryptocurrency that provides the technology to create, issue, and manage security tokens on the blockchain. It aims to streamline outdated processes and introduce new financial instruments by addressing the challenges associated with public infrastructure, such as identity, compliance, confidentiality, governance, and settlement. Polymath has developed Polymesh, a blockchain designed for regulated assets, to meet the regulatory requirements of capital markets. POLY is the utility token that powers the Polymath Token Studio on Ethereum and is used by issuers for creating and managing security tokens on the platform.

How does Polymath work?

Polymath operates by providing a platform for the creation, issuance, and management of security tokens. It has developed a unified standard for security tokens on Ethereum, known as ERC 1400, and has deployed over 200 tokens using its Ethereum-based solution. Polymath's Polymesh blockchain is designed to meet the regulatory requirements of capital markets, addressing challenges with public infrastructure around identity, compliance, confidentiality, and governance. The platform also offers non-technical users intuitive tools to access the chain's functionality, aiming to enhance capital markets.

What are the potential use cases for Polymath?

Polymath seeks to address the barriers to institutional adoption of security tokens, a market with significant potential. Its Polymesh blockchain is designed specifically for security tokens, providing the crucial elements that issuers, investors, institutions, and regulators require. This includes identity, compliance, confidentiality, and governance. Polymath's platform and the applications built on it aim to offer a different approach compared to general-purpose blockchains when it comes to creating and managing digital securities. The platform's deep functionality combined with user-friendly tools aims to enhance capital markets.

What is the history of Polymath?

Polymath was founded with the vision of making it easy for anyone to launch a security token. The idea was born out of the challenges faced while trying to tokenize a private fund, which revealed the technical and legal complexities of launching securities on the blockchain. Since its inception, Polymath has grown to include team members and contributors worldwide, with a growing list of over 50 global service providers. After the platform launch, POLY was created to interact with the platform, with almost 100,000 wallets holding POLY and 240,000,000 tokens distributed during launch. The max supply of POLY is 1 billion, with a certain amount currently in circulation.

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Social

Some highlights about Polymath on social media

87 unique individuals are talking about Polymath and it is ranked #100 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polymath has an average sentiment score of 3 out of 5. Finally, Polymath is becoming less newsworthy, with 0 news articles published about Polymath. This is a 100% decrease in news volume compared to yesterday.

On Twitter, people are mostly bullish about Polymath. There were 45.17% of tweets with bullish sentiment compared to 13.1% of tweets with a bearish sentiment about Polymath. 41.72% of tweets were neutral about Polymath. These sentiments are based on 290 tweets.

On Reddit, Polymath was mentioned in 0 Reddit posts and there were 0 comments about Polymath. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

87 people

Posts

388 posts

Dominance

0.02%

Volume rank

#100

Average Sentiment

3 out of 5

Twitter

Coinbase Bytes

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Polymath is on the rise this week.

The price of Polymath has risen by 7.15% in the past 7 days. The price declined by 2.43% in the last 24 hours. In just the past hour, the price shrunk by 1.91%. The current price is $0.19 per POLY. Polymath is 88.61% below the all time high of $1.66.

The current circulating supply is 924,998,413 POLY.

FAQ

What is the current price of Polymath?

We update our Polymath to USD currency in real-time. Get the live price of Polymath on Coinbase.

What is the market cap of Polymath?

The current market cap of Polymath is $174.74M. 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 $93.14K.

What other assets are similar to Polymath?

Assets that have a similar market cap to Polymath include SwissBorg, Edgecoin, FINSCHIA, and many others. To see a full list, see our comparable market cap assets.

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 24 days.

What is the relative popularity of Polymath?

Polymath ranks 80 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Polymath?

Currently, 98% of Coinbase users are buying Polymath. In other words, 98% of Coinbase customers have increased their net position in Polymath over the past 24 hours through trading.

Can I buy Polymath on Coinbase?

Yes, Polymath is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Polymath guide.

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