From April 13th, we officially list Polymath Token (POLY) on the ONUS application. Soon after POLY is added, users can perform the following features:
- Off-chain transactions: Send and receive POLY with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to POLY and vice versa.
About Polymath
Polymath provides technology to create, issue, and manage digital securities on the blockchain. Thanks to the support from the Polymath ecosystem, businesses can directly participate in the stock market and call for investment capital through the form of STO (Security Token Offering) while still ensuring time and cost savings.
Polymath aims to become an open source platform to help issue stock codes in full compliance with KYC/AML (Know your Customer/Anti Money Laundering).
4 Layers to create a new security token on Polymath:
- Protocol Layer: Provides knowledge and laws to follow when businesses want to create a new security token. This layer uses Ethereum’s Smart Contract to request KYC/AML.
- Application Layer: A platform that allows businesses to create new a security token in just a few minutes.
- Legal Layer: Provides a legal framework for businesses to refer to with the stock, ensuring that the security token meets relevant legal regulations.
- Exchange Layer: Provides liquidity for token through ST20 trading (private standard in Polymath).
Website: https://polymath.network
What is POLY Token?
POLY is a utility token of the Polymath ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Pay deposit/withdrawal fees, transaction fees, and developer fees.
- Pay the fee for creating and issuing securities tokens.
- Upgrade to POLYX at a 1:1 ratio to fuel the Polymesh chain, stake, or vote for proposals.
Specifications
- Name: Polymath Token
- Symbol: POLY
- Platform: Ethereum
- Standard: ERC20
- Type: Utility Token
- Smart Contract Address: 0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec
