Review on Polymath by Toprak Dere
About Polymath
Polymath (POLY) is an Ethereum network-based blockchain project that aims to facilitate the generation of securities tokens. Polymath also has a cryptocurrency based on the ST-20 Polymath standard (ERC1400). This cryptocurrency allows users to only open their tokens to certain participants, thus eliminating the difficulties in securities tokens. So far, more than 220 tokens have been created on the Polymath platform, all of which are exclusive to and can only be bought and sold by a certain audience.
In order to generate the security tokens in the network, it is necessary to have the crypto currency of the network, namely POLY, as in the Ethereum network. POLY ranks 134th in total market capitalization and has a valuation of over $ 340 million. The fact that POLY's volume of 78 million dollars in the last 24 hours at the time of writing my article shows how much attention the network and platform have attracted.
According to the platform's explanations, securities tokens contribute to the processes of creating more efficient resources and creating more efficient transactions by removing old intermediaries, with established corporate actions such as voting or dividends. It is also stated that digital securities provide 24/7 market access, so users can trade without missing the price advantages.
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Pros
- Polymath is an Ethereum network based securities token platform.
- POLY, which has been on the market since 2017, is considered to be reliable due to its relatively long-term performance. In addition, it is seen that investors about the crypto currency, which has increased at certain times, especially in 2018 and 2019, generally have positive thoughts.
- The POLY token is used for payments on the platform, which facilitates exchange between marketers, investors, service providers and developers.
Cons
- not listed in most exchanges
