Name: Polymesh
Brand: Binance
Price: 0.07 USD
Availability: InStock

Price of Polymesh Today

The live price of Polymesh is $0.066328 per (POLYX / USD) with a current market cap of $67.53M USD. 24-hour trading volume is $9.30M USD. POLYX to USD price is updated in real-time. Polymesh is +4.6% in the last 24 hours with a circulating supply of 1.02B.

POLYX Price History USD

Date Comparison	Amount Change	% Change
Today	$0.00292	+4.6%
30 Days	$0.009931	+17.61%
60 Days	$-0.007607	-10.29%
90 Days	$-0.023915	-26.50%

Polymesh Chart Performance

24h Low & High

Low: $0.063236

High: $0.067126

The highest and lowest price paid for this asset in 24 hours.

All Time High

$0.754673

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.54%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

+4.6%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

+2.47%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.063236

High: $0.067126

All Time High

$0.754673

Price Change (1h)

+0.54%

Price Change (24h)

+4.6%

Price Change (7d)

+2.47%

Polymesh Market Stats

Popularity

#369

Popularity is based on the relative market cap of assets.

Market Cap

$67.53M

Market cap is calculated by multiplying the asset's circulating supply with its current price.

Volume (24hours)

$9.30M

The total dollar value of all transactions for this asset over the past 24 hours.

Circulation Supply

1.02B

The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.

Total Maximum Supply

The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

Fully Diluted Market Cap

$81.99M

Issue Date

2021-10-28

Audits

Hacken

Last audit:

What is Polymesh (POLYX)?

Polymesh is a layer 1 blockchain solution developed to support regulated assets, mainly in the form of security tokens. Polymesh aims to enable enterprise clients and organizations in the financial and business sectors to digitally securitize and distribute fractional increments of real assets in the blockchain environment.

Security tokens have multiple use cases which can help enterprises scale profitability, distribute leverage and risk in a balanced and healthy model. Polymesh has aimed and built its network and functionality around security tokens created from tokenizing real-world assets and supporting their deployment and development.

Polymesh implements Nominated Proof-of-stake (NPoS) as the underlying consensus mechanism which secures the platform. The mechanism utilizes node operators and stakers to delegate network validation responsibilities among permissioned node operators.

In contrast to the standard permissionless model prevalent in fully decentralized systems, node operators in this secured blockchain are permissioned. This is due to the need for additional security measures to ensure the safe distribution of regulated assets among network participants. As a result, node operators are licensed financial entities with permission to operate within the system.

Issuers, investors, stakers, and node operators are all said to be required to complete identity verification processes to be permitted to participate in blockchain operations. Network security is looked after in this way by the Polymesh team, as larger enterprise-grade institutional clients make up a significant part of the network’s ideal client based on its developed proposition.

The network cryptocurrency POLYX is used to incentivize node operators, stakers. It is also used for governance functions within the Polymesh blockchain ecosystem. The digital asset associated with the Polymesh blockchain project is known by its token ticker $POLYX. The current price of Polymesh is updated and available in real-time on Binance.

Further details into the deeper aspects of the Polymesh technology can be found by reading the What Is Polymesh article on Binance Academy.

People Also Ask: Other Questions About Polymesh

What is Polymesh Built For?

Polymesh was designed to integrate key features such as governance, identity management, compliance, confidentiality, and deterministic finality directly into its blockchain infrastructure.

What is POLYX Used For?

POLYX is used as an incentivization token in the Polymesh network consensus. POLYX is used to reward node operators who are selected to the NPoS validator pool afresh every 24 hours. When nodes are selected, they receive rewards, along with stakers.

POLYX is also used by node operators and stakers to stake in the initial action required to occupy the positions in the network design. POLYX is also a governance token staked by holders to participate in the network governance model. On-chain governance exists, which is said to enable a council of key stakeholders to resolve any issue quickly.

The POLYX crypto price can be affected by network usage, other processes, trade, and open cryptocurrency market influences.

What Consensus Mechanism Does Polyx Use?

Polymesh implements Nominated Proof-of-stake (NPoS) blockchain consensus to secure the network. The method was developed and popularized by the Polkadot network.

For the security needed to guard the Polymesh blockchain, NPoS provides a community of node operators and stakers who work together to validate transactions and participate productively in the network security measure.

Who is the Founder of Polymesh?

Polymath is the technology company behind the development and upkeep of the Polymesh network. Trevor Koverko and Chris Housser, both notable figures from the blockchain industry, are the co-founders of Polymesh.

Polymesh went live on October 28th, 2021, when its genesis block was launched by the Polymesh Association.

What is the Maximum Token Supply of POLYX?

At the time of writing, the total circulating supply of the Polymesh network cryptocurrency is 635,710,465 POLYX coins.

What Makes Polymesh Different From Others?

Polymesh is focused solely on registered instruments and all forms of securities which can be mobilized in the blockchain environment. The NPoS consensus algorithm and the identity verification process for node operators, stakers, investors, and issuers are all distinct processes.

Polymesh seeks to enable enterprise-grade clients with a whole and complete blockchain environment. The network is suitable for such clients to deploy and manage registered securitized instruments held to lawful financial regulations and standards.

How To Buy Polymesh (POLYX)?

Polymesh (POLYX) can be purchased directly from Binance using a debit or credit card. Polymesh (POLYX) can also be traded for other cryptocurrencies on Binance. The live price of POLYX is updated in real-time. POLYX crypto price and purchase information are available for users in our How to Buy Polymesh (POLYX) Guide.

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