Log in/ Sign up

About POLYX

Polymesh (POLYX) is a cryptocurrency launched in 2022. POLYX has a current supply of 1.07Bn with 859.89M in circulation. The last known price of POLYX is 0.251920562689 USD and is 0.002532780323 over the last 24 hours. It is currently trading on active market(s) with $13.77M traded over the last 24 hours. More information can be found at https://polymesh.network/.

Official Website

Social Media

POLYX Price Statistics
POLYX’s Price Today
24h Price Change
+$0.0025327803231.02%
24h Volume
$13.77M52.65%
24h Low / 24h High
$0.14021776 / $0.14592661
Volume / Market Cap
0.063548992446
Market Dominance
0.01%
Market Rank
#248
POLYX Market Cap
Market Cap
$216.62M
Fully Diluted Market Cap
$269.17M
POLYX Price History
7d Low / 7d High
$0.1264356 / $0.16101661
All-Time High
$0.397513Oct 17, 2022
All-Time Low
$0.0991835Jun 15, 2023
POLYX Supply
Circulating Supply
859.89M
Total Supply
1.07Bn
Max Supply
0
Updated Jul 14, 2024 12:58 am
image
POLYX
Polymesh
$0.251920562689
$0.002532780323(+1.02%)
Mkt Cap $216.62M
There's nothing here for now

Frequently Asked Questions

  • What Is Polymesh (POLYX)?

    Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving challenges with public infrastructure around governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token of Polymesh used to stake and secure the network, pay transaction fees, and engage in governance.

    Polymesh integrates built-in financial primitives that enable users to operate the blockchain at minimal fixed costs. Additionally, it enables developers to create decentralized applications (dApps) on the platform. Polymesh also aims to effectively tackle critical concerns like rule enforcement, identity verification, regulatory compliance, data privacy and transaction finalization.

    According to Polymesh's whitepaper, the project overcomes the flaws in Ethereum and other general-purpose blockchains that may impede the acceptance of security tokens by industries and institutions.

    Read More
  • Who Are the Founders of Polymesh?

    The Polymesh Association's core team consists of Chris Housser (Head of Strategy), Adam Dossa (Head of Blockchain), Graeme Moore (Head of Tokenization), William Vaz-Jones (Head of Partnership Development), Robert Jakabosky (Head of Applied Blockchain Research), Francis O’Brien (Head of Developer Relations) and Nick Cafaro (Head of Product).

    Read More
  • What Makes Polymesh Unique?

    Polymesh prioritizes regulated assets, leveraging its expertise in the ERC-1400 — a standard for security tokens proposed by Polymath — to strike a balance between global accessibility and regulatory compliance.

    In Polymesh, actions on the blockchain are carried out through identities, which offer a more comprehensive and secure approach compared to the public key systems commonly seen in other blockchains. These identities possess universal permissions, granting authorized authorities access across the Polymesh network.

    The architecture of the blockchain enables the transfer of security tokens to be securely recorded, eliminating the need for third-party verification of ownership information. This effectively bridges the information gap between token holders and issuers.

    Polymesh also safeguards token holder privacy during voting processes while leveraging the transparency of the public blockchain for its ‘’Corporate Governance’’ feature. This dual approach reduces the risk of manipulation and ensures fair and tamper-proof voting.

    Beyond security tokens, Polymesh also extends its support to stablecoins. These stablecoins, issued by authorized and well-capitalized third parties, can be pegged to various currencies. They facilitate cost-effective on-chain activities and efficient cash distributions.

    Read More
  • How Many Polymesh (POLYX) Coins Are There in Circulation?

    According to Polymesh’s whitepaper, Polymath's ERC20 token, POLY, has a total supply of 1 billion tokens. While it is assumed that the majority of POLY will be converted to POLYX, the overall supply of POLYX will not have a fixed or predetermined upper limit. The supply of POLYX will increase over time to fund block rewards and support the Proof-of-Stake consensus mechanism of Polymesh.

    POLYX has a total supply of 796,445,050 tokens with 668,429,821 POLYX in circulation.

    Read More
  • How Is the Polymesh Network Secured?

    Polymesh employs a nominated proof-of-stake consensus mechanism, incentivizing node operators and stakers to collaborate in guiding the chain's evolution. Staking secures the network by aligning the economic interests of both parties through rewards and penalties in POLYX.

    The mechanism determines which blocks are added to the chain, as well as roles, rules, and incentives. Stakers, who are verified POLYX holders, back their chosen node operators with POLYX, and both parties receive rewards or fines based on the node operator's performance in maintaining their node and following Polymesh rules

    Read More
  • Where Can You Buy Polymesh (POLYX)?

    POLYX can be purchased on various centralized exchanges such as Binance, Huobi, Crypto.com, Upbit, Gate.io and more.

    Keep track of POLYX live prices in real-time with the CMC mobile app.

    Read More
  • What is the all-time high price of Polymesh (POLYX)?

    The all-time high of POLYX was 0.397513 USD on 2022-10-17, from which the coin is now down 36.625830428438825%. The all-time high price of Polymesh (POLYX) is 0.397513. The current price of POLYX is down 36.625830428438825% from its all-time high.

    Read More
  • How much Polymesh (POLYX) is there in circulation?

    As of , there is currently 859.89M POLYX in circulation. POLYX has a maximum supply of 0.

    Read More
  • What is the market cap of Polymesh (POLYX)?

    The current market cap of POLYX is 216.62M. It is calculated by multiplying the current supply of POLYX by its real-time market price of 0.251920562689.

    Read More
  • What is the all-time low price of Polymesh (POLYX)?

    The all-time low of POLYX was 0.0991835 , from which the coin is now up 153.9944271869817%. The all-time low price of Polymesh (POLYX) is 0.0991835. The current price of POLYX is up 153.9944271869817% from its all-time low.

    Read More
  • Is Polymesh (POLYX) a good investment?

    Polymesh (POLYX) has a market capitalization of $216.62M and is ranked #248 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Polymesh (POLYX) price trends and patterns to find the best time to purchase POLYX.

    Read More