| General information | |
|---|---|
| Global rank: | 369 |
| Name: |
Polymesh |
| Symbol: | POLYX |
| Current coin price (XDR): | 0.045 XDR |
| Last hour: | arrow_downward-0.700 % |
| Last 24 hours: | arrow_downward-4.23 % |
| Last 7 days: | 0.050 %trending_up |
| Capitalisation (XDR): | 46 005 671.36 XDR |
| Volume 24h (XDR): | 2 210 999.97 XDR |
| Available supply: | 1 018 986 726.00 POLYX |
| Total coin supply: | -1 POLYX |
| Start date: | 2021-10-28 |
Polymesh/Special Drawing Rights (POLYX/XDR) price chart
Polymesh/Special Drawing Rights (POLYX/XDR) capitalisation and volume charts
The Token: Polymesh (POLYX)Polymesh (POLYX) is the native utility token of the Polymesh blockchain, a specialized blockchain platform designed explicitly for security tokens. POLYX is utilized for various purposes within the Polymesh ecosystem, including transaction fees and staking.
The Platform: Polymesh BlockchainPolymesh is a purpose-built blockchain platform tailored for the creation, issuance, management, and transfer of regulated security tokens. Unlike traditional blockchains which often treat security tokens as an afterthought, Polymesh is designed with the nuances and complexities of securities in mind, aiming to address regulatory concerns and streamline compliance processes for businesses in the securities industry.
POLYX is intrinsically tied to the Polymesh blockchain's functioning. It is used to pay for transaction fees, incentivize validators through staking rewards, and participate in governance mechanisms, ensuring the continued security and decentralization of the network.
Polymesh (POLYX) was created by Polymath. The founders of Polymath, the blockchain-based platform for tokenizing and issuing securities, are Trevor Koverko and Chris Housser The genesis block of Polymesh was launched in October 2021 by the Polymesh Association, a not-for-profit entity whose mission is to promote and develop technologies and applications for the Polymesh protocol and ecosystem.