Polymath is a security token platform that enables the issuance, management, and trading of compliant security tokens on the blockchain. It aims to simplify the complex legal and technical challenges associated with securities offerings, making it easier for businesses to access capital and investors to access new investment opportunities.
About $POLY token
$POLY is the native utility token of the Polymath platform, which is used for a variety of functions such as paying for security token issuance fees, transaction fees, and voting on governance proposals.
How to buy $POLY with a payment card
1. Enter the amount of $POLY and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $POLY wallet
You are given the option to enter your $POLY wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $POLY with a credit and debit card.
1. Market Position and Adoption: Polymath is a decentralized platform that aims to simplify the process of creating and managing security tokens. As of March 2023, POLY token holds a market rank of #171 with a market cap of $175,062,175 and a circulating supply of 924,998,413 POLY tokens. The project has gained significant attention in the security token space, and it has been added to over 57,134 watchlists on various platforms.
2. Technology and Platform: Polymath provides a platform that allows businesses to create and manage security tokens, using the power of blockchain technology. The platform allows users to issue security tokens with legal and regulatory compliance, while also providing features such as KYC/AML verification, dividend payments, and trading restrictions. POLY token is used for paying transaction fees on the platform and participating in the governance of the platform through staking.
3. Team: The Polymath team is composed of experienced individuals in the blockchain and security industry, with Trevor Koverko as the CEO and co-founder. The team also includes industry leaders in finance, law, and technology, such as Chris Housser, Adam Dossa, and Thomas Borrel.
4. Competition: Polymath is not alone in the security token market and faces competition from other platforms such as Harbor, Securitize, and Swarm. However, Polymath's focus on regulatory compliance, along with the platform's user-friendly interface, has helped it gain a foothold in the market.
5. Supply: The maximum supply of POLY tokens is 1 billion, with no additional tokens to be created in the future. As of March 2023, the circulating supply is 924,998,413 POLY tokens, with a fully diluted market cap of $189,233,676.
1. Regulatory Risks: As Polymath's platform facilitates the issuance and trading of security tokens, the regulatory environment can affect the adoption and growth of the platform. Changes in laws and regulations, particularly with regards to securities and digital assets, could negatively impact the demand and utilization of the POLY token.
2. Competition: Polymath operates in a competitive market, with other blockchain platforms and companies offering similar services. The emergence of new technologies or platforms could potentially render Polymath's services obsolete, reducing the demand for POLY tokens.
3. Platform Security: Any security breaches or successful hacking attempts on Polymath's platform could result in the loss of investor funds or sensitive data, potentially damaging the reputation and adoption of the platform and reducing the demand for POLY tokens.
4. Liquidity Risks: POLY token liquidity is primarily dependent on the demand and trading volume on cryptocurrency exchanges. If demand for the token decreases, it may result in lower trading volume, lower liquidity and ultimately lower token value.
5. Technical Risks: As with any blockchain-based technology, there is the potential for technical issues such as network congestion, code vulnerabilities, and other technical bugs that could negatively affect the functionality and adoption of the platform, as well as the demand for POLY tokens.
Potential market development triggers
1. Increased adoption of security token offerings (STOs) and the growth of the digital securities market.
2. Partnerships with established financial institutions and industry players to expand the use cases of the Polymath platform.
3. The launch of new and innovative products or services built on the Polymath platform, such as fractional ownership of real estate or other high-value assets.
4. The expansion of the Polymath community through marketing and awareness campaigns, as well as the development of new community-driven initiatives.
5. Regulatory developments that create a more favorable environment for the issuance and trading of digital securities.
6. Integration with other blockchain platforms, such as Ethereum or Binance Smart Chain, to enhance the interoperability and functionality of the Polymath network.
7. Development of new security and privacy features to ensure the safety and confidentiality of user data and assets.
8. Expansion into new geographic markets and industries, such as healthcare or supply chain management, that can benefit from the use of digital securities and decentralized technology.