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Polymesh Price (POLYX)
$0.13337
0.22%
Polymesh Price Chart (POLYX/USD)
Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 Binance |
POLYX / BUSD | $0.24656200 | 0.16% | $25,582,084 | |
| 2 |
 Upbit |
POLYX / KRW | $0.13502900 | 0.57% | $1,398,082 | |
| 3 |
Binance |
POLYX / USDT | $0.13049900 | 0.15% | $699,566 | |
| 4 |
 Gate.io |
POLYX / USDT | $0.13672000 | 0.22% | $276,939 | |
| 5 |
 Huobi Global |
POLYX / USDT | $0.14545500 | 0.28% | $260,115 | |
| 6 |
Binance |
POLYX / BTC | $0.12024900 | 0.42% | $235,177 | |
| 7 |
 BingX |
POLYX / USDT | $0.13254600 | 0.97% | $189,411 | |
| 8 |
 XT.COM |
POLYX / USDT | $0.20893600 | 2.00% | $136,312 | |
| 9 |
 Phemex |
POLYX / USDT | $0.17402200 | 1.02% | $109,328 | |
| 10 |
XT.COM |
POLYX / BTC | $0.20711800 | 3.00% | $98,791 | |
| 11 |
 Bitrue |
POLYX / USDT | $0.13989400 | 0.07% | $13,397 | |
| 12 |
 TokoCrypto |
POLYX / BUSD | $0.19103100 | 0.42% | $4,016 | |
| 13 |
TokoCrypto |
POLYX / USDT | $0.20615800 | 0.15% | $3,711 | |
| 14 |
 CoinEx |
POLYX / USDT | $0.13495200 | 0.18% | $2,234 | |
| 15 |
TokoCrypto |
POLYX / BTC | $0.14620900 | 0.45% | $1,189 | |
| 16 |
 Crypto.com Exchange |
POLYX / USD | $0.13659000 | 0.94% | $767 | |
| 17 |
 Binance US |
POLYX / USD | $0.13390000 | 24.68% | $30 | |
| 18 |
Upbit |
POLYX / BTC | $0.13484400 | 3.98% | $420 | |
| 19 |
Binance US |
POLYX / USDT | $0.13183000 | 1.29% | $31 |
POLYX Price Statistics
- Polymesh Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $1,552,999
- Market Cap Rank #236
- Market Cap $112,180,390
- Volume / Market Cap 0.0138
-
All-Time High
$0 -72.98%
Oct 17, 2022 -
All-Time Low
$0 33.05%
Jun 15, 2023
Polymesh Cryptocurrency: Revolutionizing the Future of Security Tokens
An Introduction to Polymesh
Polymesh is a groundbreaking cryptocurrency that aims to redefine the world of security tokens. Built on the highly secure and scalable Substrate framework, Polymesh offers a unique platform for creating, managing, and trading security tokens compliantly and efficiently. With its innovative features and emphasis on regulatory compliance, Polymesh holds the potential to transform traditional finance markets and unlock new opportunities for investors and businesses alike.
The Need for Polymesh: Security Tokens
Traditional financial markets have long relied on physical certificates or central ledger systems to represent and transfer ownership of investment assets. While these systems have been reasonably effective, they often lack efficiency, transparency, and accessibility. Moreover, they can be vulnerable to fraud or manipulation.
Security tokens, on the other hand, are digital tokens that represent ownership or economic interest in an underlying asset, such as equities, real estate, or commodities. Unlike traditional securities, security tokens leverage the benefits of blockchain technology, allowing for instant and transparent transfer of ownership, fractionalization of assets, and automation of compliance rules.
Polymesh: Security Meets Compliance
Polymesh focuses on bridging the gap between security tokens and regulatory compliance, making it a preferred platform for businesses and investors seeking to enter the security token market. The protocol is purpose-built for security token creation, issuance, and management, addressing the unique regulatory requirements and complexities associated with these assets.
Built with institutional participants in mind, Polymesh introduces a comprehensive set of governance tools, including role-based permissions, identity verification, and compliance checks. By incorporating a hierarchical account system, Polymesh enables regulated entities, such as banks and asset managers, to operate securely and maintain compliance with industry-specific rules and regulations.
Key Features of Polymesh
1. Identity Management: Polymesh ensures that all participants comply with know-your-customer (KYC) and anti-money laundering (AML) regulations by implementing robust identity management solutions. This enhances the integrity of the network and minimizes the risk of illicit activities.
2. Role-Based Permissions: Polymesh allows for granular control over access rights, enabling issuers and regulators to define who can perform certain actions within the ecosystem. This feature ensures that only authorized individuals can issue, transfer, or trade security tokens, maintaining the necessary checks and balances.
3. Customizable Compliance: Polymesh supports the creation of bespoke compliance modules, allowing issuers to tailor their security tokens to meet jurisdictional and industry-specific requirements. This flexibility enables companies to issue tokens that adhere to local regulations, eliminating potential barriers to entry.
The Future of Security Tokens with Polymesh
Polymesh opens up a world of possibilities for investors and businesses looking to venture into security tokens. By streamlining the compliance process, reducing costs, and enhancing transparency, it paves the way for increased liquidity, fractional ownership, and global accessibility.
With its robust governance features and commitment to regulatory compliance, Polymesh is set to become a key player in the security token market. As more traditional assets migrate to the blockchain, Polymesh's secure and scalable infrastructure will ensure that security tokens become a mainstream investment vehicle, leading to a more inclusive and efficient financial ecosystem.