Within the year after the mainnet launch, most of the POLY tokens are expected to be swapped 1:1 to POLYX - the native token on Polymesh.
Polymath token is also used for governance purposes. 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. At we predict future values with technical analysis for wide selection of digital coins like Polymath. It is permissioned, meaning that both Validator and Nominator nodes are known entities. Polymath addresses this need with Polymesh, an enterprise-grade blockchain built for security tokens. The Polymesh network is secured using Nominated Proof-of-Stake (NPoS) protocol. This, and other similar reasons, is why the Polymesh network was created: it combines the best of both worlds. For example, owner’s identity information is important in portfolio management, even if it’s tokenized, while most blockchain networks are designed to avoid using identities. Polymath crypto price prediction can roughly be up to 0.8 in one year. Poly’s current price is 0.129155 with a 24-hour trading volume of 7,047,822. Polymath has a circulating supply of 800 million POLY coins and a total supply of 1 Billion. This means that it’s not always convenient to issue such tokens on networks like Ethereum which are usually used for this purpose. Polymath’s current market cap is 75,282.003 ranking at 188. Security tokens, while utilizing blockchain technology, also have to comply with the rules and regulations typical for the traditional financial industry. Security tokens represent digitized financial securities - like an ownership stake in an asset - “living” on the blockchain. Polymesh was founded in 2017 with the plans to launch the mainnet in 2021. With Polymesh, theyre building a blockchain specifically. Polymath (POLY) is a utility token of the Polymesh blockchain - the network providing the infrastructure for the issuance of security tokens. Polymath provides technology to create, issue, and manage digital securities on the blockchain.