Cryptocurrency Polymath

What is Polymath

The Polymath (POLY) project is a blockchain platform based on the ERC20 protocol for working with securities. This platform was designed to facilitate cooperation between potential investors, attract more interest in ICO campaigns and launch financial services based on blockchain technology.

Polymath cryptocurrency aims to create a legal basis for the circulation of securities based on the blockchain. This kind of solution will provide users with access to seamless stock trading, using a decentralization protocol, as well as a privacy module that requires users or organizations to authorize their identity, residence and accreditation status before allowing them to engage in securities transactions.

Moreover, the platform allows legitimate delegates to participate in the bidding on a completely legal basis.

In addition, the main provisions of the system are built in such a way as to most fully meet all the requirements of specific users.

Polymath Basics

The Polymath platform is based on several key components.

At the protocol level, the entire system and computing processes are managed, which operate thanks to smart contracts and KYC/AML accreditation. Also, at the protocol level, a decentralized share register is used.

The application is designed specifically to provide the user with the opportunity to digitize securities themselves. To facilitate this process, the Create-A-Security-Token Wizard program has been created.

The legal framework layer is equipped with tools that allow the user or company to verify whether their token meets all regulatory standards, which is critical to the successful launch of the project.

Twitter about Polymath Network

PolymathFollow

[email protected] · 18h

Securities regulatory requirements are not in the DNA of general-purpose #blockchains. Not the case with the Polymesh Blockchain. Learn how Polymesh prioritizes Identity in our Pillar Series. https://t.co/rxqg1wY2nQ #fintech #cryptocurrency

Reply on Twitter 1294014149723381761Retweet on Twitter 12940141497233817619Like on Twitter 129401414972338176135Twitter 1294014149723381761

[email protected] · 21h

Want to know what's coming next? Check out our roadmap. https://t.co/PenmfYaUvv #fintech #blockchain #capitalmarkets #governance

Reply on Twitter 1293973070668009474Retweet on Twitter 129397307066800947420Like on Twitter 129397307066800947450Twitter 1293973070668009474

[email protected] · 12 Aug

Polymesh addresses the issues with #governance, #identity, #confidentiality, and #compliance in the core of the chain, rather than outside of it. Check out this article to learn what's already available and what will be released over the coming months. https://t.co/zrAGx4snaX

Reply on Twitter 1293610444767268865Retweet on Twitter 129361044476726886513Like on Twitter 129361044476726886532Twitter 1293610444767268865

[email protected] · 12 Aug

Securities regulatory requirements are not in the DNA of general-purpose #blockchains. Not the case with the Polymesh Blockchain. Learn how Polymesh prioritizes Identity in our Pillar Series. https://t.co/EmxeQ45gPN #fintech #cryptocurrency

Reply on Twitter 1293610423615455238Retweet on Twitter 129361042361545523813Like on Twitter 129361042361545523830Twitter 1293610423615455238

[email protected] · 12 Aug

According to @deloitte, “STO can provide benefits both for issuers and investors. — Greater transparency as regards asset ownership and records — A high degree of automation, removing the need for registrars and nominees" Read the full paper: https://t.co/Ffyf5X4AsS #fintech

Reply on Twitter 1293591644609155073Retweet on Twitter 12935916446091550735Like on Twitter 129359164460915507321Twitter 1293591644609155073

Load More…

How does Polymath work?

In the Polymath system, the use of its own token (POLY) is mandatory, since the token controls and ensures the functioning of all internal transactions.

Investors and developers use POLY not only to gain access to the system, but also to digitize their shares.

In order to start working and digitizing their papers, the user must make a small contribution in the form of the POLY cryptocurrency.

Investors are also required to make a small deposit in order to complete KYC verification and gain access to the Polymath network.

Since Polymath began using a model that encourages participation, users who create or review ICOs on the platform receive a profit for it.

Polymath platform

The project is being developed by a Canadian company and takes into account the current situation with the securities market. The founders of Polymath point to the prospects of transferring assets to the blockchain, which cannot be fully realized due to technical difficulties and problems with legislation.

To solve such issues, the Polymath platform proposes the creation of a single one-stop shop for securities transferred to the blockchain. The project also seeks to support digital developments, the tokens of which do not act as an internal means of payment, but exclusively as shares.

The functionality of the formed system involves four main tools:

• protocol – ether smart contracts are used to define and provide conditions for the created digital assets;
• Polymath application – implies a set of options for creating and managing shares;
• legal support - a set of tools that allow you to adapt the release of assets to regional conditions;
• exchange – the formation of a liquid trading platform for direct exchange and trading of digital assets.

Through these tools, the Polymath platform provides opportunities not only for converting securities into a digital equivalent, but also for monetizing the assets of any companies and organizations. Providing security tokens and compliance with legislation will make processes as open and secure as possible.

To access Polymath tools, the developers released their own token, focused on internal functionality. Issuers, investors and developers can use this cryptocurrency for their own purposes, ensuring the development of the platform.

Polymath Team

When the project was announced last year, the Polymath platform received significant financial support around the world. Since then, it has remained one of the few platforms that aims to integrate the securities domain into the blockchain system.

The project is led by Trevor Koverko, a Silicon Valley crypto entrepreneur and graduate of the University of Western Ontario. He has also held positions at ShapeShift.io, Luminex and Royalty Exchange, and was CEO of Digital Assets International, eProf Education Inc. and President of Skyline Capital Management.

Other members of the team include world-famous blockchain experts such as Anthony Di Iorio, Erik Voorhees, Simon Dickson and others.

How to buy Polymath?

First of all, you need to have a digital wallet to store tokens, such as My Ether Wallet, Ethereum Wallet Mist, Exodus, imToken and others.

You also need to register on the Kucoin, IDEX or Bittrex exchange. For example, after logging into Kucoin, you need to go to the “Markets” section and select a currency pair with POLY, usually BTC or ETH.

Next, an order for the transaction is placed and special forms for the desired rate and number of tokens are filled out. If the rate matches, the order is closed automatically.

Polymath: cryptocurrency to ruble rates

Current cryptocurrency rates on the request network – follow the fluctuations online. Information comes from the largest exchanges and is processed in real time. You can see exchange rate changes for most of the most popular fiat currencies. Online charts, automatic converter and news will allow you to quickly navigate the current market trends in the relationship between request network and cryptocurrencies.

It is always worth remembering that the cryptocurrency exchange rate is quite volatile. It can either grow by several percent in a couple of minutes or fall. This volatility attracts most investors, who constantly monitor the price of cryptocurrency in order to buy at the lowest price, and then wait for growth to sell at the highest. You can buy cryptocurrency quickly and at a favorable rate in the Matbi online exchanger. The service has been operating for more than five years and can offer users not only the exchange of cryptocurrencies, but also their reliable storage. Matbi's built-in crypto wallet supports four leading cryptocurrencies: Bitcoin, Litecoin, Dash and Zcash. A high level of protection for users’ crypto assets is provided by “cold” wallets, as well as three-factor authentication when entering your personal account (PIN code, email code and SMS code, which can be replaced with Google Authenticator). The service is also interesting to users, as it includes a multi-level affiliate program. 24-hour technical support promptly answers all user questions. How to become the owner of cryptocurrency in Matbi is discussed in detail in this video.

Estimate!

6.12

10010