Polymath (POLY) Metrics
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Polymath (POLY)
What is Polymath?
Polymath (POLY) is a blockchain project launched in 2017, designed to facilitate the creation and management of security tokens. It aims to simplify the process of issuing and trading tokenized securities while ensuring compliance with regulatory standards. The project operates on the Ethereum blockchain, utilizing smart contracts to enable the issuance of security tokens that represent ownership in real-world assets, such as equity or real estate. Its native token, POLY, serves multiple purposes within the ecosystem, including paying for transaction fees, staking to participate in governance, and incentivizing compliance with regulations. Polymath stands out for its focus on regulatory compliance in the tokenization of securities, positioning it as a significant player in the evolving landscape of digital finance. By bridging the gap between traditional finance and blockchain technology, Polymath aims to unlock new opportunities for investors and issuers alike.
When and how did Polymath start?
Polymath originated in November 2017 when its founder, Trevor Koverko, released its whitepaper, outlining a platform designed to facilitate the creation and management of security tokens. The project launched its testnet in early 2018, allowing developers to experiment with the platform's capabilities. The mainnet followed in January 2019, marking its official public availability. Early development focused on creating a compliant environment for security token offerings (STOs) and establishing a marketplace for these tokens. The initial distribution of Polymath's native token, POLY, occurred through an Initial Coin Offering (ICO) in January 2018, which raised approximately $59 million. This funding was pivotal in laying the groundwork for Polymath's subsequent growth and the development of its ecosystem, aimed at bridging the gap between traditional finance and blockchain technology.
What’s coming up for Polymath?
According to official updates, Polymath is preparing for the launch of its upgraded platform, which is focused on enhancing the user experience and expanding its capabilities for security token offerings. This upgrade is planned for the first quarter of 2024 and aims to streamline the process for issuers and investors alike. Additionally, Polymath is working on integrating with various blockchain networks to improve interoperability and broaden its ecosystem, with targeted partnerships expected to be announced in the coming months. These milestones are designed to enhance the platform's functionality and accessibility, with progress being tracked through their official communication channels.
What makes Polymath stand out?
Polymath distinguishes itself through its focus on security token offerings (STOs) and regulatory compliance, enabling the creation and management of compliant digital securities on the blockchain. Built on the Ethereum blockchain, Polymath utilizes a unique architecture that includes the Polymath Token (POLY) as a utility token, which facilitates the issuance of security tokens and access to its platform's services. The platform features a comprehensive suite of tools, including the Polymath Smart Contract Framework, which simplifies the process of creating compliant security tokens by providing pre-built smart contracts tailored to various regulatory requirements. This framework supports developers in building and deploying tokens that adhere to specific legal standards, enhancing the user experience and reducing the complexity of compliance. Polymath's ecosystem is bolstered by strategic partnerships with legal and financial institutions, which help ensure that the tokens created on its platform meet regulatory standards. Additionally, Polymath's governance model allows token holders to participate in decision-making processes, further enhancing its community-driven approach. This combination of regulatory focus, developer-friendly tools, and strategic partnerships positions Polymath as a distinct player in the evolving landscape of digital securities.
What can you do with Polymath?
The POLY token serves multiple functions within the Polymath ecosystem, primarily facilitating the creation and management of security tokens. Users can utilize POLY for transaction fees associated with issuing and trading security tokens on the Polymath platform. Holders of POLY can also stake their tokens to participate in the network's governance, allowing them to vote on proposals that influence the platform's development and operations. Developers leverage Polymath's infrastructure to build decentralized applications (dApps) that cater to the needs of security token offerings (STOs). The platform provides tools and resources, such as software development kits (SDKs), to streamline the token creation process and ensure compliance with regulatory standards. Additionally, the ecosystem includes various wallets and marketplaces that support POLY, enabling users to manage their tokens and engage in trading activities. Overall, Polymath empowers users, developers, and holders by providing a comprehensive framework for the issuance and management of compliant security tokens, fostering innovation in the financial sector.
Is Polymath still active or relevant?
Polymath remains active through a series of recent updates and developments, with notable announcements made in September 2023 regarding enhancements to its platform aimed at improving the issuance of security tokens. The project is currently focusing on expanding its ecosystem by integrating with various blockchain networks and enhancing its compliance features, which are crucial for attracting institutional investors. In terms of market presence, Polymath continues to be listed on several exchanges, maintaining a steady trading volume that reflects ongoing interest in its offerings. The project also engages with its community through active social media channels and regular updates on its blog, which helps to keep stakeholders informed about its progress and future plans. Additionally, Polymath's governance structure allows for community involvement in decision-making processes, with recent proposals indicating an active engagement from its user base. These indicators support its continued relevance within the security token sector, positioning Polymath as a key player in the evolving landscape of regulated digital assets.
Who is Polymath designed for?
Polymath is designed for institutions and businesses looking to create and manage security tokens, enabling them to navigate the complexities of regulatory compliance in the blockchain space. It provides a suite of tools and resources, including a token creation platform and compliance protocols, to facilitate the issuance of security tokens that adhere to legal standards. Primary users include financial institutions, asset managers, and companies seeking to tokenize assets, allowing them to raise capital more efficiently and access a broader investor base. Polymath also supports developers by offering SDKs and APIs that streamline the integration of security token functionalities into existing systems. Secondary participants, such as investors and liquidity providers, engage through marketplaces and trading platforms, contributing to the liquidity and overall health of the ecosystem. By fostering collaboration among these groups, Polymath aims to enhance the adoption of blockchain technology in traditional finance and investment sectors.
How is Polymath secured?
Polymath utilizes a unique consensus mechanism tailored for security token offerings (STOs) and regulatory compliance. It operates on the Ethereum blockchain, leveraging its robust security features while also incorporating its own layer for enhanced functionality. The network employs a delegated proof-of-stake (DPoS) model, where validators are selected based on their stake in the network, ensuring that those with a vested interest in the platform maintain its integrity. For cryptographic security, Polymath uses standard techniques such as Elliptic Curve Digital Signature Algorithm (ECDSA) for transaction authentication and data integrity. This ensures that all transactions are securely signed and verifiable, protecting against unauthorized access and fraud. Incentives for participants are aligned through staking rewards, where validators earn rewards for confirming transactions and maintaining network operations. Additionally, the protocol incorporates slashing mechanisms to penalize malicious behavior, thereby discouraging any attempts to compromise the network. To further enhance security, Polymath undergoes regular audits and maintains governance processes that allow stakeholders to participate in decision-making, contributing to the overall resilience and trustworthiness of the platform.
Has Polymath faced any controversy or risks?
Polymath has faced regulatory challenges, particularly concerning compliance with securities laws. In 2018, the project was scrutinized for its approach to token offerings, as it aimed to facilitate the issuance of security tokens. This raised concerns about whether its operations aligned with existing financial regulations. The team responded by enhancing their compliance framework and working closely with legal advisors to ensure adherence to regulatory standards. Additionally, Polymath has encountered risks related to market volatility and the broader acceptance of security tokens. The project has implemented measures such as regular audits and transparency initiatives to address these concerns. Ongoing risks include potential changes in regulatory environments and market dynamics, which the team aims to mitigate through proactive engagement with regulators and continuous updates to their compliance practices.
Polymath (POLY) FAQ – Key Metrics & Market Insights
Where can I buy Polymath (POLY)?
Polymath (POLY) is widely available on centralized cryptocurrency exchanges. The most active platform is Indodax, where the POLY/IDR trading pair recorded a 24-hour volume of over $1 158.39. Other exchanges include Uniswap V2 (Ethereum) and Uniswap V2 (Ethereum).
What's the current daily trading volume of Polymath?
As of the last 24 hours, Polymath's trading volume stands at $1,355.44 , showing a 34.83% increase compared to the previous day. This suggests a short-term increase in trading activity.
What's Polymath's price range history?
All-Time High (ATH): $1.66
All-Time Low (ATL): $0.011019
Polymath is currently trading ~98.76% below its ATH
and has appreciated +95% from its ATL.
What's Polymath's current market capitalization?
Polymath's market cap is approximately $19 058 266.00, ranking it #709 globally by market size. This figure is calculated based on its circulating supply of 924 998 413 POLY tokens.
How is Polymath performing compared to the broader crypto market?
Over the past 7 days, Polymath has declined by 5.63%, underperforming the overall crypto market which posted a 1.59% decline. This indicates a temporary lag in POLY's price action relative to the broader market momentum.
Trends Market Overview
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Polymath Basics
| Development status | Alpha version |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Started |
25 December 2017
over 8 years ago |
|---|
| Website | polymath.network |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (1) | etherscan.io |
|---|
| Tags |
|
|---|
| polymathnetwork | |
| reddit.com |
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Polymath Team
Steven Nerayoff is an investor, founder, venture capitalist and a prolific entrepreneur. His Experience includes the formation and operation of several companies in Silicon Valley as well as New York City.
Steven Nerayoff is engaged in 3 projectsPolymath Exchanges
Polymath Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Polymath
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 24 | Chainlink LINK | $5 371 286 913 | $8.57 | $307 624 706 | 626,849,970 | |||
| 83 | Cosmos ATOM | $756 563 678 | $1.94 | $33 834 132 | 390,934,204 | |||
| 181 | THETA THETA | $201 317 413 | $0.201317 | $6 364 963 | 1,000,000,000 | |||
| 205 | OriginTrail TRAC | $167 974 631 | $0.335953 | $1 340 332 | 499,995,033 | |||
| 231 | THORChain RUNE | $135 351 818 | $0.399506 | $5 421 414 | 338,797,570 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 20 | Monero XMR | $6 471 073 166 | $350.80 | $140 063 599 | 18,446,744 | |||
| 21 | Canton Network CC | $5 926 798 977 | $0.169813 | $9 456 616 | 34,901,891,555 | |||
| 29 | Litecoin LTC | $4 034 948 077 | $53.40 | $343 161 098 | 75,558,487 | |||
| 31 | Zcash ZEC | $3 838 615 608 | $235.09 | $254 544 030 | 16,328,269 | |||
| 64 | Worldcoin WLD | $1 071 147 531 | $0.379564 | $77 528 387 | 2,822,045,062 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 12 | Cardano ADA | $10 093 829 979 | $0.262720 | $371 934 630 | 38,420,418,457 | |||
| 32 | Avalanche AVAX | $3 700 687 044 | $8.76 | $197 000 072 | 422,275,285 | |||
| 33 | Sui SUI | $3 587 100 540 | $0.932642 | $384 856 231 | 3,846,172,527 | |||
| 48 | Aave AAVE | $1 654 098 541 | $109.74 | $211 978 571 | 15,073,211 | |||
| 54 | Internet Computer ICP | $1 309 868 777 | $2.39 | $39 985 539 | 548,120,701 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $243 875 242 294 | $2 025.10 | $16 096 097 241 | 120,426,316 | |||
| 4 | BNB BNB | $86 577 424 896 | $622.03 | $853 679 593 | 139,184,442 | |||
| 7 | Solana SOL | $47 348 432 572 | $83.40 | $2 560 937 706 | 567,716,820 | |||
| 8 | TRON TRX | $24 015 881 216 | $0.278080 | $554 010 601 | 86,363,298,503 | |||
| 11 | Bitcoin Cash BCH | $10 431 403 739 | $525.09 | $381 622 232 | 19,865,787 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 384 802 633 | $0.999800 | $49 024 523 676 | 177,420,277,588 | |||
| 6 | USDC USDC | $73 336 880 285 | $1.000342 | $13 951 985 315 | 73,311,840,049 | |||
| 9 | Lido Staked Ether STETH | $19 822 522 830 | $2 023.86 | $30 347 600 | 9,794,399 | |||
| 14 | Wrapped Bitcoin WBTC | $9 049 687 335 | $68 987.84 | $299 426 873 | 131,178 | |||
| 15 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 821 987 864 | $2 481.06 | $9 704 058 | 3,555,731 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $243 875 242 294 | $2 025.10 | $16 096 097 241 | 120,426,316 | |||
| 12 | Cardano ADA | $10 093 829 979 | $0.262720 | $371 934 630 | 38,420,418,457 | |||
| 30 | Hedera Hashgraph HBAR | $3 905 070 397 | $0.090809 | $81 078 354 | 43,003,138,665 | |||
| 55 | Ethereum Classic ETC | $1 295 842 423 | $8.33 | $101 700 464 | 155,481,851 | |||
| 192 | NEO NEO | $186 162 383 | $2.64 | $7 098 516 | 70,538,831 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | XRP XRP | $85 726 677 166 | $1.41 | $1 989 861 417 | 60,917,315,351 | |||
| 25 | Stellar XLM | $5 189 851 413 | $0.158581 | $101 710 261 | 32,726,839,993 | |||
| 48 | Aave AAVE | $1 654 098 541 | $109.74 | $211 978 571 | 15,073,211 | |||
| 97 | Nexo NEXO | $537 667 884 | $0.832115 | $10 155 539 | 646,145,840 | |||
| 109 | XDC Network XDC | $433 589 472 | $0.035237 | $15 740 144 | 12,305,025,342 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | BNB BNB | $86 577 424 896 | $622.03 | $853 679 593 | 139,184,442 | |||
| 97 | Nexo NEXO | $537 667 884 | $0.832115 | $10 155 539 | 646,145,840 | |||
| 132 | Gnosis GNO | $324 173 301 | $125.18 | $1 612 894 | 2,589,588 | |||
| 186 | SwissBorg BORG | $194 605 332 | $0.197824 | $260 851 | 983,729,858 | |||
| 294 | LATOKEN LA | $89 902 111 | $0.236519 | $234 984 | 380,105,462 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Polymath



