Polymath wants to bring the security and legitimacy of Wall Street into an industry where value is highly speculative and rife with fraud.
The problem is, unlike the traditional securities market, things like company financials and earnings statements are not easily available to investors in crypto.
In the case of decentralized cryptocurrencies like Bitcoin, there isn’t any central body to verify its underwriting or the value of its assets. There’s no easy way for investors to know what they’re getting into before they buy. Historically this has led to a lot of bad investments and outright scams.
The idea behind Polymath is to solve this problem by creating a decentralized marketplace for all things security related. Instead of being confined to one discipline like issuing stocks, investors can easily find safe and reliable security offerings in other areas. Binance is the best recommended exchange to buy Polymath. Unfortunately, it is not available in Binance.US exchange which is generally the best crypt0 exchange for US Citizens.
What Is Polymath Crypto?
Polymath has taken three powerful technologies and combined them in a way that makes cryptocurrency investments safe for the first time. Security tokens will be created and traded to represent any value that you can imagine. These ST-20 compliant tokens are designed to be traded just like any other crypto token with one big exception – they maintain the regulatory requirements of traditional securities.
By introducing tokenized securities, Polymath has made it possible to trade traditional assets on the blockchain for the first time. By combining smart contracts with blockchain technology, tokenized securities will ensure that the terms of a contract are met by all parties. The result is a safe and secure way of trading traditional assets on the blockchain for the first time.
With Polymath, security tokens will be created to represent anything from stocks to mutual funds to even real estate. The possibilities are endless. Polymath has created a platform where anyone can issue any type of security they want and trade it on the blockchain without any fear of regulatory consequences.
Investors can finally tap into the limitless money making potential of traditional financial assets without the worries that plague the current securities market. No longer will investors need to worry about shady companies or scams, they can simply buy into legitimate security tokens and enjoy their newly found profits.
To accomplish this vision, Polymath has combined three technologies that have never been brought together before: blockchain technology, smart contracts, and token creation. Let’s take a look at how each of these features work individually before seeing how they come together in the Polymath platform.
Blockchain Technology
Blockchain technology is commonly known as the technology that enables Bitcoin transactions. It has made it possible to ensure trust between two parties without the need for a centralized authority like a bank or credit card company. We’ve seen an explosion of cryptos using blockchain technology in recent years, and most experts agree that blockchain will not only change the finance industry, but other industries too.
Smart Contracts
The second technology that comes into play is called a smart contract. A smart contract is a protocol that verifies, enforces, and executes the terms of an agreement. Smart contracts play an important role in the Polymath platform as they are responsible for ensuring that the terms of each securities offering are met by both parties.
Token Creation
The third and final technology in Polymath’s arsenal is token creation. This technology takes the power of blockchain and combines it with the ownership rights of traditional securities. By doing so, investors will be able to trade tokens that represent the value of traditional assets like stocks and bonds. These tokens are known as ST-20 compliant securities tokens because they follow the ST-20 standard.
Who Founded Polymath?
The CEO of Polymath is Trevor Koverko. He’s a prominent blockchain investor and entrepreneur. In addition to this role, he also founded the cryptocurrency exchange company, EtherDelta. Other key individuals include Chris Housser, the Chief Strategy Officer, and Kevin Barnes, the Chief Architect. All three individuals are working together to bring security tokens to the masses in a safe way that has never been seen before.
When Was Polymath Crypto Created?
The Polymath platform was created in the later part of 2017. The pre-sale of their security token took place in October and the crowd sale occurred in November. Polymath was venture funded by groups like Blockchain Capital, Pantera Capital, and billionaire Mark Cuban.
Polymath Investors
A total of $59 million has been raised by Polymath to fund the development of their platform. The breakdown of those funds is as follows:
Polymath Partnerships
The Polymath team has created a powerful network of partnerships to help make their vision a reality. The following companies are in bed with Polymath to help bring security tokens to the masses.
Polymath Technology
The Polymath platform is based on three core technologies that work together to provide a secure marketplace. The three technologies are blockchain, smart contracts, and token creation. Let’s take a brief look at what each of these technologies does and how they help make the Polymath platform possible.
Blockchain Technology
Blockchain technology is the backbone of the Polymath platform. It’s what makes it possible to trade securities on the blockchain without fear of fraud.
Smart Contract Technology
Smart contracts are the enforcers of each securities offering. In the Polymath network, they ensure that all of the terms of each offering are met by both parties.
Token Creation Technology
The token creation technology is what turns traditional securities into security tokens. It takes ownership rights from one form and transfers them onto the blockchain as a new digital asset.
Is Polymath Decentralized?
Polymath is most certainly a decentralized organization. This is because the validation of transactions takes place on a blockchain, which is not controlled by any one central authority. Because the Polymath platform is based on cryptographic technology, it is able to function independently from centralized control.
How Does Polymath Crypto Work?
If you’re a fan of cryptocurrencies, then you already know that wallets are an important part of the experience. The same is true for Polymath. Wallets can be issued to investors so that they can store their security tokens safely on the blockchain. The Polymath crypto network is based on blockchain smart contracts, which are able to enforce regulatory compliances, and ensure that all transactions are valid. In essence, these smart contracts are the enforcers of each security token. Lastly, Polymath contains a decentralized exchange where investors can trade cryptocurrencies in a safe and secure manner.
How Many POLY Tokens Are There In Polymath?
There are a total of 1,000,000,000 POLY tokens in existence. Each POLY token is currently trading at around $0.34.
What Makes Polymath Crypto Unique?
If you don’t like being told what to do, then you’ll be happy to hear that Polymath offers a lot of freedom to those who interact with it. This is ideal for the large number of people who want the freedom to trade their securities in a manner that they see fit. There are no restrictions on which blockchain can be used by Polymath. Smart contracts can also be built on whatever blockchain you please. Additionally, there are no limitations on which issuer can launch a security token in the Polymath network.
Is Polymath Crypto A Good Investment?
If you’re interested in Polymath, then it might be a good idea to keep an eye on the platform in the coming years. Its value proposition is solid, and there appears to be a lot of potential for public and private blockchains. As long as security tokens continue to rise in popularity, then Polymath should see its value increase sharply.
Where Can I Buy Polymath?
POLY is available on a number of exchanges. The largest trading volume comes from Binance, Kucoin, and HitBTC. These exchanges are also some of the largest crypto exchanges in the world.
How Do I Invest In Polymath?
POLY is an ERC20 token, so you can store it on any ERC20 compatible wallet. We recommend storing your POLY on hardware wallets like Ledger Nano S and Trezor.
What Is POLY Token?
POLY was released on January 1st of 2018 as an ERC20 token on the Ethereum blockchain. Its sole purpose is to serve as a currency in the Polymath network. The vast majority of its value will come from the fees it generates.
How Many POLY Tokens Are There?
POLY has a maximum supply of 1 billion tokens. As of March 2021, there were 586,263,172 in circulation. The total supply will be reached in 2140.
Is POLY An ERC-20 Token?
The Polymath team decided to release POLY as an ERC20 token for the short term. They migrated to their own blockchain in 2019 that is based on the ERC-1400 standard, at which point the ERC20 tokens were swapped for their native tokens.
How Do I Get POLY Crypto?
POLY is an ERC20 token, which means that it can be stored on any ERC20 compatible wallet. MyEtherWallet is a pretty popular one. Also, in the near future, POLY will be listed on multiple exchanges which will allow trading it for Bitcoin and Ether. As of now, the coin is available only to supporters who have participated in the ICO.
Can I stake POLY Token?
POLY is not a staking token (meaning that it does not have any masternode capabilities) and there’s no real incentive to stake it. It is unlikely that the POLY team will change this in the future.
How Do You Make Money With POLY?
POLY tokens have potential as a long term investment because they are used to verify and enforce the compliance of the token offerings in the Polymath crypto ecosystem. Security tokens will be created in order to help launch companies, and POLY tokens will be needed to ensure that these entities are following all of the necessary regulations. This could lead to a scenario where many people need POLY tokens in order to launch a security token.
Is Polymath Crypto Legit?
Polymath is a completely legitimate platform. They have a strong team, an amazing board of advisors, and some of the biggest venture capitalists in the world behind them. There’s very little chance that they will fail and it would be unwise to count them out as they try to create a new way for securities to be traded on the blockchain.
Polymath STO
Polymath token is a security token that is going to be created for STO’s. An STO is a security token offering which will create tokens for companies that are already listed and trade in the stock market.
Security Tokens can be used to gain access to fractional ownership of assets without having to go through tedious governmental paperwork and regulations. Polymath plans on investing its tokens into other blockchain startups that are focused on security.
Polymath Crypto Price Prediction
Polymath is a new cryptocurrency that has polymath token (POLY) and is trying to make it easier for companies to launch security tokens. The Polymath price prediction will be dependent on whether or not they can gain traction in the security industry. We will be writing an exclusive Polymath Price Prediction article soon here.
Polymath Crypto Alternatives
If you’re looking for a really similar blockchain technology, you should check out the BANKEX. There are also other security token platforms that are in the works like Regis and Securitize.
Polymath Crypto Social Media Handles
If you’re on social media, you can follow Polymath on Twitter, Facebook and Instagram
@polymathnetwork Polymath Crypto
There are a few Polymath YouTube videos out there, including one from the CEO. You can see it in their channel youtube.com/c/PolymathNetwork
Takeaway
Polymath Crypto is a completely legitimate platform. Its team is made up of individuals who have been involved in projects like Ethereum and Blockchain Capital, which means that they are extremely capable of bringing the platform to life. If Polymath Crypto is able to be successful, it could mean big things for the future of security token offerings.
