Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

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The “Polymath Review 2021” is a series of articles written by the members of the “Polymath Network”. We aim to give people a concise, yet thorough, summary of this exciting new movement for creating securities and stock trading platforms to disrupt the world of equity.

POLY (Polymath) is a tokenized security platform that creates a decentralized securities market for private companies and projects.  It’s built on top of NEM’s blockchain technology as well as smart contracts. Its entire infrastructure is powered by Polymath’s ERC20 tokens (POLY).

Monero is a truly decentralized cryptocurrency, which means that every node in the network verifies and processes every transaction. Every transaction is visible to everyone, meaning that a lot of trust is placed in each member, as no single entity can ever directly control Monero or its network.

The stock market is a giant, even within an already widespread billion-dollar-a-day financial industry. You may not know what it is, but all financial instruments that can be traded, such as stocks, bonds, options, futures and others, are securities. Imagine what would happen if every one of these securities – even a fraction of the trillions that circulate every day – were converted to blockchain. Our review of Polymath will help you find out if this is possible.

In fact, it looks like Polymath is about to challenge and disrupt this idea by creating a platform that allows anyone to easily create, issue, manage and trade tokenized securities on blockchain. These security tokens could be the next big thing in the cryptocurrency world, and Polymath is getting closer to that goal, with over 200 such tokens already in circulation on the network. Will Polymath be the next protocol to go to the moon? Read our review of Polymath for more information.

What is a polymer?

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

Polymath, built and powered by the Ethereum blockchain, is a decentralized blockchain network that aims to make it easier, faster and cheaper for anyone to access the securities market. This includes allowing people to create, issue, manage and trade these security tokens on Polymesh’s specially designed blockchain. At the time of writing this article on Polymath, 206 share tokens are trading live on their network, and another 381 tokens – as exchange tickers – are reserved for future issuance.

Polymath is built as an institution-friendly gateway for securities tokenization, allowing it to easily integrate its technology and end-to-end solutions with traditional financial institutions. This is facilitated by Polymath’s extensive partner network, which helps all parties that join its platform – brokers, law firms, custodians, KYC/AML providers, asset managers, tokenization platforms and others – that Polymath could integrate into its universal tokenized securities services.

How do tokenized securities work?

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

Tokenized securities are a completely new type of asset and mark the beginning of the mass issuance of truly digital securities. The instruments that can be tokenized can be stocks, bonds or notes which are more traditional liquid assets. Or they may be entirely illiquid assets, such as B. Real estate, art, intellectual property, private placements, synthetic derivatives, and other tangible or intangible assets that can be disposed of.

In other words, the Polymath network is able to create cryptocurrencies that represent your ownership of a particular asset, such as stocks. The main difference from their traditional counterparts is that these security tokens are created digitally and linked to Polymath’s specially designed blockchain, Polymesh. Safety tokens have several key advantages over their older variants, which we discovered for our review of Polymath …

Main advantages of investment coins

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

Save money and time – By using Polymath’s blockchain, they can eliminate the middlemen common in traditional securities. A secondary benefit is a reduction in the cost of issuing or managing (tokenised) securities due to less third-party intervention and faster settlement of these securities during the trading day.

24/7 Markets – While the regular stock market closes on weekends, cryptocurrencies can be traded and accessed 24 hours a day. Securities tokens will also benefit, without having to close accounts on weekends or holidays, or worry about bank closing times to decide when to trade.

Liquidity – Common securities, such as stocks or bonds, cannot be split into units of less than 1. However, this is now possible with digital effect tokens, where effects can be broken down into decimal units. This will make tokenized securities much more liquid, not to mention how digitalization can begin to securitize illiquid assets, with easy access to pools of investors from around the world, which could open up entirely new secondary markets.

Democratization – Polymath security tokens can open the floodgates of securitization and with it the ability to trade previously illiquid assets, such as art or intellectual property, that otherwise could not be traded on a regular market or exchange. The fact that all these security tokens are managed via blockchain also leads to more transparency.

Automation – Program income and token dividends of the underlying securities may be paid to you daily, monthly or at an interval determined by the issuer. The whole process is automated, which also saves valuable time and money.

What are Polymath ERC-1400 tokens?

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

So in our review of Polymath, we looked at some of the key benefits associated with the emergence of new safety tokens. But what exactly do these security components offer? That’s where Polymath’s Ethereum-based ERC-1400 tokens come in, which are an entirely new cryptographic token standard specifically optimized for creating, issuing, trading and managing security tokens. It is a replacement for the old Polymath ST-20 runners with more features.

One of the main reasons Polymath decided to create an entirely new standard for tokens is the way securities work in the real world. To make this as simple as possible, Polymath’s ERC-1400 includes basic regulations, such as restricting trading to verified participants. Moreover, these tokens can carry documentation or data, validate KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures, and more, making securitization a hassle-free process.

ERC-1400 security tokens can provide transparency that greatly simplifies audit and regulatory oversight to identify unscrupulous participants and facilitate underwriting. Investors and stakeholders can conduct analyses or due diligence in much less time and without overly complex processes. In general, security tokens are a win-win situation for everyone, from issuers and investors looking for more flexibility and efficiency to regulators paying more attention to compliance.

How does the Polymath Polymesh blockchain work?

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

As we mentioned in our review of Polymath, the Polymesh blockchain is a system specifically designed for security tokens. The reason it has to be a completely unique network is the added complexity of issuing securities, which most blockchains cannot handle. The underlying Ethereum blockchain can provide smart contract functionality to enable programmability and automation of security tokens. But as we saw with the ERC-1400, we need to go further.

Polymesh may have built-in identity verification to meet required KYC/AML rules, which includes other verification measures for market participants. A certain level of confidentiality and secrecy with respect to certain processes must be maintained, as well as stricter chain management to prevent the use of backups or forks. In addition, Polymesh can easily link cross-border rules to ensure seamless transaction execution and access to liquidity.

All Polymath solutions are open source and highly modular, allowing each security token to be customized to automate and simplify the creation, issuance and management of securities. The chain, called Proof-of-Stake (PoS), is managed by operators who are authorized and regulated parties to manage the Polymesh network, have a say in the management of the chain and, most importantly, securely operate and verify all nodes and transactions.

What are Polymath’s POLY cryptocurrency tokens?

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

Polymath’s own crypto currency is the POLY token. It is primarily used to pay for gas costs incurred by accessing smart contracts to create, issue or manage security tokens. POLY can also be used to pay other fees for additional services offered by Polymath, which we have already mentioned in our Polymath review, such as legal fees, KYC and AML compliance support, custody solutions for your tokens, etc. Alternatively, node administrators should take a look at POLY tokens.

You will be rewarded with POLY coins for attaching the blocks. In January 2018, Polymath privately raised 120,000 ETH – the equivalent of approximately $58,700,000 – by selling 230,000,000 POLY to investors. So far they have not held a public sale of chips. Polymath has a total inventory limit of 1,000,000 POLY. POLY tokens will be phased in after the expiry of the relevant lock-in period and by 2024 there will be one billion POLY tokens in circulation.

At the time of writing the Polymath review, the cost per POLY is $0.197. It’s up 1,700% from its all-time low in March 2020, but that’s still a very slight drop of 88% from POLY’s all-time high in February 2018. POLY was worth $1.66 in the recent past. With an outstanding stock of 618,764,165 POLY, the market capitalization of the Polymath token is $121,947,006. This puts POLY at number 200 of the most expensive crypto-currencies.

What does the future update of the Polymath roadmap look like?

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

Polymath says its blockchain is in the top 10 developer activities, highlighting its growth rate and hopes for future expansion. At the time of writing, Polymath is still implementing the Polymesh blockchain. Polymesh was originally announced for Q2 2020, but launched a V1 test network shortly after. The biggest update at the time was Token Studio, a user-friendly tool for issuing and managing security tokens.

V2 Testnet for Polymesh was released in the 3rd quarter of 2020 and includes new features such as a unique identity, a new calculation engine, and additional features integrated with Token Studio. In Q2 2021 (as of now), Polymesh will continue its testnet phase with final testing and optimization, and in Q3 2021, we will see the full launch and deployment of the Polymesh blockchain. At this point, users can use the built-in bridge to convert their Ethereum-based POLY tokens to Polymesh’s POLYX.

Polymath exam Supplement

Polymath Review 2021 (POLY) – [The Rise of Tokenized Securities?]

Overall, Polymath is a very interesting project that can help catalyze cryptocurrencies on their path to acceptance in society. The first modern stocks were traded as early as 1611, and the financial world has never looked back. With the continuous development of technology, from fax machines to the Internet, titles have gradually changed and become faster, cheaper and more accessible. This time, the art of digitization and blockchain will mark the beginning of the next phase of evolution.

With Polymath, the safety components are better in every way than what we have today. The use of blockchain has made them transparent, secure and private, and the use of advanced technologies has allowed these tokens to circulate faster and cheaper than before. You can now begin securitizing previously non-tradable and illiquid assets, creating new market opportunities. It will also facilitate the work of regulators. If our Polymath test report says one thing, it’s that the future is going to be very interesting.

Polymath Journal
  • Long-term sustainability and updating the roadmap
  • Ease of use and seamless integration
  • Features, technologies and common solutions
  • Project values and mission
  • Monetary capacity and tokenistic model

For

  • Easy integration with existing securities platforms used by brokers, banks and asset managers
  • An easy-to-use mechanism and tool for creating, issuing and managing security tokens.
  • Polymath offers additional services such as custody, brokerage, KYC/AML provider, legal experts, etc.
  • The ERC-1400 token standard has significant capabilities and programmability, such as built-in KYC/AML compliance rules, audit trails, etc.
  • New market opportunities are being created, such as 24-hour access, securitisation of illiquid assets, split asset allocation, etc.
  • The use of smart contracts can enable certain activities, such as dividend payments and cross-border settlements, and save valuable time and costs.

Cons

  • Future growth remains uncertain until Polymesh’s blockchain is fully implemented in the third quarter of 2021.

Bitcoin (BTC) and Ethereum (ETH) are two of the most widely used cryptocurrencies throughout the world. However, there is a third very large cryptocurrency which has recently risen in popularity, and it is currently being traded around the world.. Read more about polymath coin news and let us know what you think.

Frequently Asked Questions

Is polymath a good investment 2021?

Polymath is a good investment 2021. As of September 2018, Polymath’s price is $0.0027. Polymath’s price is up 1.06% in the last 30 days. Polymath’s market cap is $1,836,948. Polymath’s 24-hour trading volume is $1,836,948.

Is polymath a security token?

No, it is not a security token.

Can polymath reach $100?

No, polymath cannot reach $100.

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Emilia James
By Emilia James

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