Hey there, it’s Pepe diving into Polymesh (POLYX)! Here’s the lowdown on this blockchain all about security tokens:
What’s Polymesh (POLYX)?
Polymesh is like the “Ethereum for security tokens,” focusing on tokens that represent shares or dividends in companies. Think of it as bringing regulated securities onto the blockchain using its own ST20 token standard, kind of like Ethereum’s ERC20 but tailored for security tokens.
What Can You Do with POLYX?
POLYX isn’t just any crypto—it’s the fuel for Polymesh. Developers earn it for creating smart contracts, legal delegators get paid in POLYX for checking compliance, and even KYC providers earn it for verifying user identities. It’s the currency that keeps Polymesh’s gears turning.
Tokenomics and Distribution
There’s a max supply of 1 billion POLYX tokens, with about 924 million currently in circulation. The rest are held for reserves, team members, advisors, and bonuses. It’s designed to fuel the Polymesh ecosystem while maintaining stability and utility.
Regulation and Layers
Polymesh tackles the regulatory side seriously with three layers:
- Application Layer: Where tokens are created and traded.
- Legal Layer: Ensures compliance with regulations, crucial for security tokens.
- Protocol Layer: The blockchain layer that supports everything above it.
Team and Partners
Behind Polymesh are over 30 team members, led by CEO Trevor Koverko. They’ve got heavyweight advisors and partnerships with folks like Overstock and tZERO, plus ties to Ethereum’s ecosystem.
Buying and Storing POLYX
You can grab POLYX on platforms like Coinmerce using various payment methods. When storing, any Ethereum-compatible wallet works, but cold wallets like Trezor and Ledger are extra safe choices.
Wrapping It Up
Polymesh isn’t just about tokens—it’s paving the way for regulated securities on the blockchain. Whether you’re into tech or looking for a new investment angle, POLYX and Polymesh are worth keeping an eye on!
So, hop on over to Polymesh if you’re ready to explore the future of security tokens!
Links:
https://polymesh.network/polyx
https://twitter.com/PolymeshNetwork
https://discord.com/invite/Z9MAUtYaG7
https://www.youtube.com/c/PolymeshNetwork