What Is Polymesh (POLYX)?
Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving challenges with public infrastructure around governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token of used to stake and secure the network, pay transaction fees, and engage in governance.
| Coin Basic | Information |
|---|---|
| Coin Name | Polymesh |
| Short Name | POLYX |
| Circulating Supply | 500,000,000.00 PSC |
| Total Supply | 500,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
A blockchain for securities
Polymesh Coin is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.
Get started
Getting started on Polymesh is easy. Follow our instructions and in a short amount of time, you’ll be ready to use the chain.
Download the wallet
Enable your browser to interact with the Polymesh Coin network with the Polymesh Wallet extension for Google Chrome.
Become verified
Every user has to pass a minimal identity verification check as part of our customer due diligence (CDD) requirement when onboarding.
Get POLYX
POLYX is the native token on Polymesh — use it for paying transaction fees and participating in governance. Find out how to get it.
Dive In
The developer portal is the perfect place to discover the Polymesh Coin universe — we have guides, documentation, and more.
Why Purpose-Built?
Polymesh Coin specificity gives the chain (and the applications built on top) an advantage over general-purpose blockchains.
Governance
Contentious forks in the chain present significant legal and tax challenges for tokens that are backed by real assets. They uses an industry-led governance model to prevent hard forks and guide the evolution of the chain
Identity
Securities issuance and transfer requires a known identity, but most chains are built for pseudonymity. Polymesh uses a customer due diligence process to ensure all actors on the chain are verified and all transactions are authored by permissioned entities.
Compliance
Solutions built on top of general purpose blockchains struggle with processing the complex logic needed to comply with regulations.
Confidentiality
Most market participants need their position and trades to remain confidential, but anyone can see holdings on general-purpose blockchains. Polymesh Coin has engineered a secure asset management protocol that enables confidential asset issuance and transfers.
Settlement
Settlement challenges prevent the blockchain from serving as a golden record for asset ownership. By creating assets at the protocol layer, Polymesh is able to provide a simplified approach to transfers that provides instant settlement without prefunding, prevents unwanted airdrops through trade affirmation, and can offer deterministic finality.
The fuel for Polymesh
They like to think of POLYX as the fuel for Polymesh Coin ; it enables the creation and management of security tokens, drives POLYX holder participation through governance, and secures the chain through staking.
A designated utility token
Utility tokens provide access to a blockchain-based infrastructure and are designed for use within that ecosystem only. POLYX is a utility token under Swiss laws, based on guidance from the Swiss financial regulator FINMA.
POLYX Tokenomics
POLYX is used for paying transaction fees as well as a whole range of other functions related to the network’s operations, such as voting on governance proposals or staking on node operators. With these functions tied together, an ecosystem emerges on with POLYX at the centre.
The Tokenomics describes the mechanics for how POLYX is used on the blockchain.
POLYX Supply
The POLYX supply approaches an asymptotic limit, with new POLYX created based on an algorithmic supply schedule. To learn more, see the white paper.
POLY: POLYX Upgrade Bridge
The main mechanism to build the supply of POLYX is through the one-way POLY:POLYX upgrade bridge allowing users to upgrade their Ethereum-based POLY tokens to POLYX on The .
POLY can be upgraded to POLYX at a 1:1 ratio (i.e. 1000 POLY = 1000 POLYX). The Governing Council will maintain the POLY to POLYX Upgrade Bridge for at least one year following the launch of mainnet.
Polymesh Network Treasury
Polymath will upgrade between 240 million and 250 million POLY to POLYX to be deposited in the Polymesh Coin Network Treasury.
Newly Minted POLYX
Newly minted POLYX will be created for block rewards with a maximum of 14% of the total supply minted annually. To prevent continuous acceleration of inflation, the amount of newly minted POLYX used for rewards will be fixed at 140 million annually once the supply reaches 1 billion POLYX.
