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What is Polymath coin (POLY) and how does it work?

by Financial Economy

Polymath Coin is Polymath’s native cryptocurrency, designed as a global platform for issuing and investing in security tokens. Polymath’s Blockchain security tokens standard aims to integrate the necessary regulatory requirements into smart contracts and comply with regulations. Detailed information about Polymath coin POLY, how does it work, how much it costs, where to buy, etc. is in the continuation of the content. You can browse here for information about HIVE coin.

What is Polymath coin (POLY) and how does it work?

The project simplifies the legal process of creating and selling security tokens. It establishes a new token standard (ST20) and enforces compliance by whitelisting authorized investors and Ethereum wallet addresses. The POLY token is used for payments on the platform, which facilitates exchanges between issuers, investors, service providers and developers.

Polymath (POLY) is a platform that makes it easy to create, issue and manage digital securities on the blockchain. Polymath lists the assets that can be tokenized as follows: Traditional liquid assets: publicly traded equity, bonds, debt Traditionally illiquid assets: Real estate, works of art, intellectual property, synthetic assets, other tangible and intangible assets.

According to the platform’s disclosures, security tokens contribute to more efficient fundraising and generating more efficient transactions through established institutional actions such as voting or dividends, by removing legacy intermediaries. It is also stated that digital securities offer 24/7 market access, allowing users to trade without missing out on price advantages.

How to buy Polymath coins? How much is the POLY coin price?

Polymath coin can be purchased from crypto exchanges where it is listed. But it is necessary to make sure that the exchange is “reliable”. As of September 16, 2021, the price of 1 POLY coin is around $ 0.67. The circulating supply of POLY coins is 624,946,939 units, and the total supply is 1,000,000,000.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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