It’s currently sitting within the top 100 cryptocurrencies that are listed on. With the circulating supply at just under 240 million, the project has a market cap of just around $240 million. Today, POLY tokens are trading for just around one dollar each. The project has a total of 1 billion tokens which were initially minted and no additional tokens will exist in the future.
The platform uses its own ERC-20 token, POLY, that is used to pay for various fees on the network, and in some cases can be used to purchase securities directly. The goal of the project is to eventually have an ecosystem and protocol where verified investors (more on that later) can purchase and trade tokenized securities that are equivalent to other types of investments like stocks, equity, and venture capital funding. They plan to do this through what they call an STO, meaning “security token offering”. Polymath is a cryptocurrency project that wants to offer a method for traditional investment assets to be tokenized and tradable in a manner somewhat similar to other blockchain assets.
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