How and Where to Buy Polymath (POLY) – Detailed Guide

What Is Polymath (POLY)? Polymath provides technology to create, issue, and manage security tokens on the blockchain. Polymath spearheaded the creation of a unified standard for security tokens on Ethereum, ERC 1400, and over 200 tokens have been deployed using Polymath’s Ethereum-based solution. Recognizing that existing blockchains were insufficient to meet regulatory requirements of capital markets, Polymath built Polymesh, an institutional-grade blockchain built specifically for regulated assets. Polymath streamlines antiquated processes and opens the door to new financial instruments by solving the inherent challenges with public infrastructure around identity, compliance, confidentiality, governance, and settlement.

Who Founded Polymath? Polymath was founded while searching for a solution to tokenize a private fund. During this process, it became clear that complex technical and legal challenges made it very difficult to launch securities on the blockchain. This led to a much larger vision: instead of launching just one tokenized microfund, why not make it easy for anyone to launch a security token? With this idea, Polymath was born. Polymath has team members and contributors worldwide and a growing list of over 50 global service providers.

What makes Polymath unique? Security tokens represent a tremendous market opportunity, but there are significant barriers standing in the way of institutional adoption. Polymath addresses these barriers with Polymesh, an institutional-grade blockchain built for security tokens and the first specialized chain of this nature. The foundations of Polymesh are focused on providing through key design principles the most crucial elements that issuers and investors need, and that institutions and regulators require: identity, compliance, confidentiality, and governance. When put together, these four pillars also support more complex operations, such as settlement. When it comes to creating and managing digital securities, Polymesh’s specificity gives it, and the applications built on it, a distinct advantage over general-purpose blockchains. The purpose-built infrastructure addresses the gaps in standard blockchain architecture to align the functioning of the blockchain with the requirements of modern capital markets. In addition to engineering Polymesh, Polymath has also built a series of tools on the chain that offer non-technical users an intuitive means to access the chain’s functionality. By combining Polymesh’s deep functionality with user-friendly tools, Polymath stands to transform capital markets.

How many POLY are there in circulation? After a successful Polymath platform launch, POLY was created to interact with the platform. POLY is the utility token that fuels the Polymath Token Studio on Ethereum and is used by issuers creating and managing security tokens on the platform. Almost 100,000 wallets hold POLY with 240,000,000 tokens having been distributed during launch. The max supply of POLY is 1 billion. 925,000,000 will be circulating by January 31, 2022. The team has locked up the final 75m until January 2024. Polymesh is currently in testnet phase. When the Polymesh Mainnet launches, ERC20 POLY holders may optionally upgrade their POLY on a 1:1 basis for POLYX. The only POLYX that exist are those created via the upgrade process and any created by the blockchain for Proof-of-Stake rewards. Once Mainnet is live, the circulating supply of Ethereum-based POLY will decrease by the amount that is swapped to Polymesh.

Where Can I Buy POLY? POLY is available for trading on a growing number of exchanges, with cryptocurrency, stablecoin, and fiat pairs currently available. The largest markets are: Binance, Upbit, and Coinbase.

POLY has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy POLY.