Complete Conversion of Polymath (POLY) to Polymesh (POLYX)

According to the announcement from the Binance exchange – where ONUS takes liquidity for POLY, this project will make the redenomination from Polymath (POLY) to Polymesh (POLYX).

To aid in this transition, ONUS has halted all trading in POLY assets, including Off-chain and Exchange. Now, the conversion is complete. The entire amount of POLY tokens you store on the ONUS app is automatically converted to POLYX tokens at a ratio of 1:1 (1 POLY =1 POLYX).

Starting from 08:00 AM UTC on October 17th, ONUS has reopened all features for POLYX tokens, including Off-chain and Exchange.

About Polymesh and POLYX Token

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 the challenges around governance, identity, compliance, confidentiality, and settlement. Polymesh is designed to bring blockchain technology to the world of traditional finance—and overcome the challenges that are preventing financial institutions from getting on board with tokenized securities.

POLY is the utility token of the Polymesh ecosystem and can be used to: 

  • Stake and secure the network.
  • Pay transaction fees.
  • Engage in governance.