Polymath (POLY) is an innovative Ethereum-based blockchain project designed to streamline the process of creating and trading security tokens. Founded by Trevor Koverko, the platform offers a specialized cryptocurrency that complies with the ST-20 Polymath standard (ERC1400), enabling users to limit their tokens to specific participants and tackle the complexities of the security token ecosystem. The platform has successfully facilitated the creation of over 220 tokens, each with a unique trading audience.
Since its inception in 2017 and its subsequent launch on the Ethereum mainnet in January 2018, Polymath has distributed an initial 240 million tokens. With a total supply cap of 1 billion tokens, about 808 million are currently in circulation, and projections indicate an increase to 925 million by January 2022.
Understanding Polymath’s Future Developments
Polymath is currently undergoing testnet trials for its proprietary blockchain network, Polymesh, which is based on a Proof-of-Stake mechanism. A successful test phase could lead to the network’s mainnet launch in 2021. Investors in POLY are poised to receive POLYX tokens on a one-to-one basis upon the mainnet transition, an event that typically influences market prices. Many investors are already buying POLY in anticipation of this shift.
For those interested in purchasing POLY, it is available on Binance, the world’s largest cryptocurrency exchange. After registration, traders can quickly acquire POLY through the POLY/BTC trading pair, which boasts the highest liquidity among available options.
The original content regarding the Polymath platform and the acquisition of POLY tokens was published on COINTURK NEWS and is accessible for further details.