Within the year after the mainnet launch, most of the POLY tokens are expected to be swapped 1:1 to POLYX - the native token on Polymesh. Polymath token is also used for governance purposes. Polymath(poly) price prediction and forecast based on money flows or history of the internet and technological companies. Polymath token (POLY) is used to power the network: transaction fees, module fees (payments at the launch of a new security token), and smart extension fees (for the third-party smart extensions) are paid in POLY. It is permissioned, meaning that both Validator and Nominator nodes are known entities. The Polymesh network is secured using Nominated Proof-of-Stake (NPoS) protocol. Based on our forecasts, a long-term increase is expected, the price prognosis for is 3.118 US Dollars. This, and other similar reasons, is why the Polymesh network was created: it combines the best of both worlds. If you buy Polymath for 100 dollars today, you will get a total of 197.790 POLY.
For example, owner’s identity information is important in portfolio management, even if it’s tokenized, while most blockchain networks are designed to avoid using identities. This means that it’s not always convenient to issue such tokens on networks like Ethereum which are usually used for this purpose. Security tokens, while utilizing blockchain technology, also have to comply with the rules and regulations typical for the traditional financial industry. Security tokens represent digitized financial securities - like an ownership stake in an asset - “living” on the blockchain. Polymesh was founded in 2017 with the plans to launch the mainnet in 2021.
Polymath (POLY) is a utility token of the Polymesh blockchain - the network providing the infrastructure for the issuance of security tokens.