This means while Polymath enables security offerings, its own native token is a util. 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. The peak price so far was $1.59 on February 19, 2018.Р”Р„lthough Polymath created the ST-20 token standard, theyРІР‚в„ўre staked using POLY, which is an ERC-20 token on the Ethereum blockchain.

But is this really the death of the ICO?Р”В«efore answering that question, letРІР‚в„ўs take a look at the POLY token and its performance on the cryptocurrency market.Р”Р„s of November 19, 2018, the circulating supply of Polymath is 286,737,107 out of a total supply of 1,000,000,000 POLY. Polymath believes it has the answer, sparking the rise of the STO and building a solid blockchain ecosystem. This money attracted some bad actors, and over $100 million was lost to ICO exit scams. It became a big business, with $5.6 billion raised by ICOs in 2017 and over $13 billion in 2018, according to PwC Switzerland. When the concept of the ICO was proven, everyone jumped on the bandwagon. The effort from Ripple Labs to separate itself from the XRP token and the legal woes behind Tezos are great examples of the perils early blockchain projects face, as their networks, foundations, and tokens are used interchangeably, and the actual lines between them being blurred. The difference between an ICO (initial coin offering) and an STO (securities token offering) is the resulting equity stake in the company. ICOs came under fire from government regulators around the globe in 20. Polymath focuses on KYC, AML, and other legalities to ensure regulatory compliance with securities laws. Concerning Polymath NetworkРІР‚в„ўs daily highs and lows, itРІР‚в„ўs 34.62 up from its trailing 14 days low of 0.26 and 32.69 down from its trailing 14 days high of 0.52. At 01:12 EST on Monday, 26 April, Polymath Network is at 0.35. Polymath is a platform like Ethereum, but instead of creating utility tokens like an ICO platform, it offers equity in a company РІР‚вЂњ a model which has a well-established regulatory framework. Polymath Network Cryptocurrency is currently on bearish momentum by 40.22 in the last 14 days. The team behind this ambitious project include the chief executive officer and co-founder Trevor Koverko, the chief operations officer and co-founder Chris Housser, Engineer Pablo Ruiz and chief product officer, Thomas Borrel among others.Polymath is a security token platform that uses the ST-20 token standard to ensure compliance with government regulations when issuing digital securities.

The erc20 token is compatible with wallets that support erc20 tokens. You can get the erc20 POLY tokens from various exchanges such as Bittrex, Kucoin, Bitfinex, Ethfinex and IDEX and then trade it for the ST20 company token. It raises crypto assets opening up an avenue of investments from a lot of investors, eliminates middlemen and gives unlimited access of investment opportunities to individuals all over the world.

Its ST20 token makes the process of creating, issuing and trading in securities simple. It also features ShowР’В moreР’В C (Know Your Customer) to enhance its security. To start with, it is an open-source network, scalable and highly automated. The platform is characterized by particular features that make it an ideal ecosystem for trading securities. It provides a platform for issuing and trading securities in the same manner Ethereum provides a platform for the development of decentralized applications. Polymath is as its developers call it, the Ethereum of securities. POLY is an erc20 token used to power the Polymath Network or platform.

Polymath network