Until now it has operated as an ERC-20 token. Recent Updatesīeginning 23rd June 2020, the long-awaited first Polymesh test net, Aldebaran, will be opening for general admission. According to the company, they have 200 tokens deployed and over 20 with five or more stakeholders. The volume of trading, however, it negligible on Bitfinex and Huobi Global. Presently, the token is listed on leading crypto exchanges like Binance, Bitfinex and Huobi Global, along with leading Indian exchanges at WazirX and CoinDCX. “Thankfully we decided early to diversify a lot of ETH/BTC holdings,”Ĭurrently, from the total supply of 1 Billion tokens, 520,770,098 POLY is in circulation. The company locked 7.5% its tokens for five years in January 2019 from the company and developer fund to showcase solidity of their financial management during one of the worst bear markets.Ĭhris Housser, the co-founder of Polymath told the media last year, The remaining ~760,000,000 tokens are released periodically on a set schedule until 2022. Polymath raised $58.7 million using a simple agreement for future tokens in January 2018, according to a filing with the SEC.ġ billion POLY was created with ~240,000,000 tokens distributed on launch. It raised more than $100 million in the ICO. The ICO was active since July 2017 and ended on. The link to the page of all the SEC filings by Polymath can be found here. It filed the notice of Exempt Offering of securities via ICO (Initial Coin Offering) on. Trevor Koverko is the co-founder and director of Polymath Inc. Security and Exchange Commission (SEC) and incorporated in the state of Barbados. Regulations, ICO Details, and Supply Model Hence, Polymath is looking to serve the global financial markets specifically through its platform. Financial markets are very specific about the finality of transactions, identity and regulatory compliance. It includes other sub-standards for security tokens which include ERC1594, ERC1643, ERC1644 and so on. Polytoken was a pioneer in the formation of the Security Token Standard (ERC1400) which is a library of protocols for the creation of compliant security tokens. The word ‘Polymath’ is derived from Greek which means ‘universal man.’ Nevertheless, the blockchain project is being specifically built for security tokens. In this article, we will discuss details into Polymath(POLY) Project History, Past Price Performance, and Recent Project updates, and what makes it a good investment.