Polymesh
Polymesh
POLYX
Polymesh BasicReport a Data Error
Polymesh Info
- Jul,2024Launched new features on the Polymesh network to enhance interoperability and streamline the process of issuing and managing security tokens, supporting the integration of traditional finance with blockchain solutions.
- Feb 28,2024Successfully completed the closure of the POLY to POLYX Upgrade Bridge, facilitating the conversion of over 890 million POLY tokens, demonstrating strong community engagement and ecosystem maturation.
- May 23,2023Polymesh signed a strategic partnership with Korean digital asset custody company BDACS to jointly promote security token issuance projects, enhancing the collaborative ecosystem of security assets across Asia.
- Apr 19,2023Binance announced its role as a node operator for Polymesh, providing users with platform-based staking services for POLYX, enabling token holders to stake their assets and participate in securing the network.
- Jan 22,2023Korea Digital Asset Custody (KDAC) became the first node operator for Polymesh, marking an important step in expanding Polymesh's presence in Asia and enhancing the blockchain's security through more decentralized node operations.
Polymesh Intro
Polymesh is a blockchain specifically designed to meet the needs of regulated financial markets by facilitating the creation, management, and trading of security tokens. Launched as an institutional-grade, public permissioned blockchain, Polymesh addresses the complexities associated with regulatory compliance by integrating essential features like identity verification, compliance controls, and settlement processes directly at the protocol level. Unlike general-purpose blockchains that rely on smart contracts, Polymesh simplifies the issuance of assets by enabling them to be created natively within the network, reducing risks and operational hurdles for financial institutions.
Built on principles of governance, confidentiality, and security, Polymesh ensures that all participants undergo identity verification, which helps maintain transparency while complying with regulatory standards like KYC and AML. This framework allows enterprises to tokenize real-world assets, including securities and real estate, while offering enhanced liquidity and market efficiency. By integrating regulatory requirements directly into its infrastructure, Polymesh creates a seamless environment for the tokenization of assets, catering to institutional needs and fostering the broader adoption of blockchain technology in traditional finance.
Polymesh Unlock & AllocationReport a Data Error
Q&A about Polymesh Tokenomics
Explore the tokenomics of Polymesh(POLYX) and review the project details below.
What is the allocation & supply schedule for Polymesh(POLYX) ?
- Supply and Inflation: POLYX uses a variable inflation model. When the total supply is under 1 billion tokens, the inflation rate can go up to 14% annually. This incentivizes staking, with rewards adjusting based on the percentage of tokens staked. Once the supply exceeds 1 billion, the annual minting is capped at 140 million tokens.
- Fees: The network charges various fees in POLYX:Transaction Fees: Calculated based on size and complexity, and distributed to node operators.Protocol Fees: Applied for specific functions, like reserving a token ticker, managed by the Polymesh Governing Council.Developer Fees: Developers can set fees for the use of their smart contracts and extensions.
- Staking and Rewards: Node operators and stakers work collaboratively, securing the network by staking POLYX. Rewards and penalties are determined based on node performance, ensuring stability and reliability. Staked POLYX also allows participants to engage in governance activities, influencing decisions and protocol updates.
- Allocation Mechanism:Upgrading POLY to POLYX: Tokens can be transitioned via an upgrade mechanism.Network Treasury: Newly minted POLYX is managed by the treasury, with grants provided for external projects.Node Operators: Earn block rewards, incentivizing network security.
People also watchReport a Data Error
Polymesh Price Live DataReport a Data Error
According to TechFlow, on May 18, Onchain Lens monitoring reported that a certain whale transferred 700 BTC to Binance, valued at 72.72 million USD.
This whale still holds 4,500 BTC, valued at 467.49 million USD, stored in 2 different wallets.
Polymesh is a blockchain specifically designed to meet the needs of regulated financial markets by facilitating the creation, management, and trading of security tokens. Launched as an institutional-grade, public permissioned blockchain, Polymesh addresses the complexities associated with regulatory compliance by integrating essential features like identity verification, compliance controls, and settlement processes directly at the protocol level. Unlike general-purpose blockchains that rely on smart contracts, Polymesh simplifies the issuance of assets by enabling them to be created natively within the network, reducing risks and operational hurdles for financial institutions.
Built on principles of governance, confidentiality, and security, Polymesh ensures that all participants undergo identity verification, which helps maintain transparency while complying with regulatory standards like KYC and AML. This framework allows enterprises to tokenize real-world assets, including securities and real estate, while offering enhanced liquidity and market efficiency. By integrating regulatory requirements directly into its infrastructure, Polymesh creates a seamless environment for the tokenization of assets, catering to institutional needs and fostering the broader adoption of blockchain technology in traditional finance.