Holders of certain securities can receive percentage dividends digitally, similar to how coin staking works now on Ark and NEO.
Why Would Someone Want to Use Polymath’s Platform?Ī customer would want to use the Polymath platform for several reasons. Polymath holders are incentivized to hold the token because, as more and more people use Polymath’s services, the demand for the tokens will increase. This payment can be in a few currencies like Bitcoin or Ethereum, but there is a discount or fee reduction when Polymath is used as payment. Once the Polymath platform launches, customers will be able to pay for access. Polymath has some compelling reasons for tokenizing securities. Polymath’s platform will ensure the tokens that run on it meet all standards. A tokenized security must meet certain standards to be categorized as an ST-20 token. ST-20 tokens are security tokens that run on Ethereum’s blockchain and Polymath’s platform. These coins can be exchanged and traded just like other cryptocurrencies. Security tokens are digitized securities that are representing shares in a traditional financial asset. Investopedia defines securities as “a fungible, negotiable financial instrument that holds some type of monetary value.” An example of a security would be stock in a company like Apple. If all tokens, including the team’s tokens, were released initially, they would have no incentive to continue working on the project. These lockup periods are done to control the supply of the tokens in a transparent and fair fashion. Advisors receive their supply seven months after the initial distribution. This means that founders receive 33% of the founder supply one year after the initial distribution (this was around February 1, 2018), and the other 66% three years after initial distribution. Trevor Koverko is the CEO and founder of Polymath. It will be interesting to see the effect this has on the price of Polymath. The Polymath team predicts the size of the securities market to be 10 trillion by 2020. That would mean any pre-sale participants are up over 4x on their investment. Polymath was distributed through a pre-sale, and a total of 230 million POLY were released. Polymath is currently a top 75 market cap cryptocurrency and is selling for around $1.60 on Kucoin. According to the Polymath Linkedin profile, the team is located in Haggatt Hall, St.
Notable advisors include Erik Voorhees and Patrick Byrne from Overstock. Polymath is led by Trevor Koverko, the New York Rangers hockey team draft pick, and tech entrepreneur. Koverko has also invested in several other cryptocurrency projects like Shapeshift.io and EOS. Polymath is a platform that enables the creation, issuance, and trading of financial instruments on the blockchain. The platform will allow the launch of financial services on the blockchain and create a new security token standard: ST-20. Polymath’s ST-20 token standard makes the process of creating and investing in security tokens much easier. Polymath, called by some the “Ethereum of security tokens,” is an ERC20 token that plans to be a security token platform.
0 kommentar(er)
