Polymesh

POLYX is the native utility token of the Polymesh blockchain, a platform specifically designed for the creation and management of security tokens. It plays a crucial role in the ecosystem by facilitating transactions, governance participation, and securing the network through staking. POLYX operates under Swiss laws and is recognized as a utility token by the Swiss financial regulator FINMA.

• Supply Limitation:

• POLYX has an asymptotic supply limit, with new tokens created based on a predefined algorithmic schedule. The supply is designed to reach a fixed annual minting rate of 140 million POLYX once the total supply hits 1 billion tokens.

• Transaction and Protocol Fees:

• Fees on the Polymesh network are paid in POLYX. These fees are distributed to node operators and are designed to protect the network from spam and DOS attacks.

• Staking Rewards:

• POLYX is used for staking and providing security to the network. Stakers and node operators are rewarded, promoting network participation and security.

Pros:

• Instant Settlement:

• Polymesh’s design allows for instant settlement times, reducing risks associated with pre-funding.

• Security Token Focus:

• Tailored for security tokens and regulated digital assets, offering specialized solutions.

• Compliant Dapps:

• Supports the creation of compliant decentralized applications, expanding blockchain integration into various sectors.

Cons:

• Limited Use Case:

• Focused primarily on security tokens, which may limit its appeal compared to more general-purpose blockchains.

• Specialized Solutions:

• Offers unique features for the security token sector not available with competitors.

• Regulatory Compliance:

• Designed to meet the regulatory requirements of the securities market, ensuring compliance.

• Growing Ecosystem:

• Supported by a vibrant community and major institutions, indicating strong backing and potential for growth.

• Security Token Lifecycle Management:

• Provides comprehensive solutions for the entire lifecycle of security tokens.

• Regulated Market Focus:

• Specifically built for regulated assets, addressing challenges around governance, identity, compliance, and settlement.

• Inefficiencies in the Securities Market:

• Streamlines the antiquated processes in the securities market, offering lower costs, higher trackability, and efficiency.

• Regulatory Compliance:

• Integrates requirements and regulations into the core coding of tokens, ensuring lifetime compliance.

• Privacy and Public Chain Interaction:

• Enables the creation of Dapps that leverage both private and public networks for asset management.

The Polymesh core team consists of professionals with backgrounds in finance, technology, and law, many of whom have prior experience at Polymath, contributing to the development of the first security token platform and ERC–1400. Key members include Adam Dossa (Head of Blockchain), Graeme Moore (Head of Tokenization), Nick Cafaro (Head of Product), William Vaz-Jones (Head of Partnership Development), Robert Gabriel Jakabosky (Head of Applied Blockchain Research), and Francis O’Brien (Head of Developer Relations), each bringing specialized skills ranging from blockchain technology and machine learning to financial services and developer relations.

The Initial Coin Offering (ICO) price details are not provided online.

• Market Volatility:

• As with any cryptocurrency, POLYX is subject to market volatility and price fluctuations.

• Regulatory Risks:

• Changes in regulatory landscapes could impact the utility and adoption of POLYX.

• Focused Use Case:

• The coin’s focus on security tokens may limit its market compared to more versatile cryptocurrencies.

The Polymesh whitepaper outlines the creation of a blockchain platform specifically designed for the issuance, management, and trade of security tokens in a regulated environment. Recognizing the limitations of existing public blockchains like Ethereum in handling regulated assets due to issues with governance, identity verification, compliance, confidentiality, and settlement, Polymesh introduces a purpose-built solution to address these challenges.

Polymesh aims to streamline the currently antiquated and inefficient processes within the securities market, which rely on a mix of centralized digital and paper-based systems. By leveraging blockchain technology, Polymesh facilitates the creation, issuance, and tracking of compliant security tokens. These tokens are designed with regulatory requirements and regulations embedded into their core coding, ensuring they remain compliant throughout their lifecycle.

One of the key innovations of Polymesh is its approach to settlement. Unlike traditional systems that require pre-funding and face delays in settlement times, Polymesh enables instant settlement of transactions. This not only reduces the risks associated with pre-funding but also enhances the efficiency of the securities market.

The platform is built with a focus on regulated markets, integrating built-in financial primitives that allow for operations at minimal fixed costs. This makes Polymesh an attractive option for institutions looking to adopt blockchain technology for their financial instruments. Additionally, the platform supports the development of compliant decentralized applications (Dapps), opening up possibilities for blockchain integration into sectors that require strict regulatory compliance, such as medical, legal, and government sectors.

Security is a paramount concern for Polymesh, and it addresses this through its native token, POLYX. POLYX is used for staking, securing the network, paying transaction fees, and participating in governance. The tokenomics of POLYX are designed to ensure a balanced ecosystem, with an asymptotic supply limit and mechanisms in place to prevent inflation and encourage network participation.

In summary, the Polymesh whitepaper presents a comprehensive solution to the challenges faced by the securities market in adopting blockchain technology. By focusing on regulatory compliance, instant settlement, and the efficient management of security tokens, Polymesh positions itself as a leading platform for regulated assets. The platform’s design and tokenomics reflect a deep understanding of the financial market’s needs, making it a promising infrastructure for future securities trading on the blockchain.