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$343,292,617
$425,179,598
$45,982,799
844,300,583 POLYX
1,045,695,027 POLYX
Polymesh POLYXPolymesh (POLYX) Chart
Polymesh (POLYX) Return On Investment(ROI)
Polymesh (POLYX) Price Now
Polymesh price today is $0.4066 with a 24-hour trading volume of $45,982,799. POLYX price is down -3.97% in the last 24 hours. It has a circulating supply of 844.3Mil POLYX coins and a total supply of 1.05Bil.
In order to search for real-time and historical information about Polymesh (POLYX) blockchain, including data related to blocks, transactions, addresses, and more, you may use Polymesh (POLYX) block explorers. Here are some of the most popular and useful Polymesh (POLYX) blockchain explorers out there:
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 the challenges around governance, identity, compliance, confidentiality, and settlement.
What is the Utility of POLYX Token?
POLYX is for use on the Polymesh chain, supporting the platform and serving the system in ways that include but are not limited to:
- Fueling the enabling economy. Similar to ETH on Ethereum, POLYX will serve as gas on Polymesh. Transactions are paid for in POLYX (e.g. submitting transactions, running a smart contract) into the Network Reserve. This also funds system operational expenses.
- Increasing system value creation. POLYX enables tokenholders to actively participate in the security of the blockchain by staking their POLYX to nominate Validators and earning a commission from block rewards.
- Preventing spam. Attaching a cost in POLYX to transactions on the chain helps prevent network spamming.
- Paying grants for projects that contribute to ecosystem growth and maintenance
- Managing upgrade governance. POLYX can be used to stake and vote for network upgrades
Why Polymesh?
- Confidentiality - protecting information and ownership privacy while providing a mechanism for accurate reporting and auditing.
- Identity - ensuring that no individual or entity can create, acquire, or sell security tokens without a validated identity. Securities regulation requires issuers, in certain instances (i.e. issuances under exemptions), to know the identity or confirm the profile of their investors prior to investment, and continuously monitor their suitability throughout their investment. Additionally, all Validators must be known, regulated entities.
- Governance - providing an operating and governance structure for how Polymesh is managed that allows for curation, and protects assets from contentious forks during network upgrades. This includes providing an established method for addressing and actioning proposals.
- Compliance - providing financial primitives and smart extensions to manage security tokens across one or more jurisdictions and enforce appropriate rules for creating, issuing, and trading security tokens while also providing the capacity to manage necessary complex restrictions and distributions on-chain.
Polymesh (POLYX) Community
Polymesh FAQ
What is the price of Polymesh (POLYX) coin?
The current Polymesh usd price is $0.4066. We update the Polymesh USD price in real time. Get live prices of Polymesh on different cryptocurrency exchanges around the world on Coincarp.
Is Polymesh (POLYX) coin a good investment?
It depends on your personal risk tolerance and investment goals. Polymesh is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Polymesh investing, you will also need to understand the Polymesh project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Polymesh investing are by participating in Spot, Perpetual, ETF/Leveraged trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Polymesh (POLYX) coin crypto?
You can buy Polymesh from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Polymesh. Cryptocurrency exchanges that currently support Polymesh trading include:
If there is any error, please feedback to us, our email is hello@coincarp.com. Please be aware that buying and selling Polymesh involves high risks.You should always do your own research and make sure you understand the risks associated with Polymesh trading before you begin.
How to short Polymesh (POLYX) coin?
The easiest way to short Polymesh is through margin trading, usually with Perpetual contracts, Futures contracts, ETF/Leveraged. Only a few cryptocurrency trading platforms allows short selling due to the considerable risk involved in this type of trading.
To start shorting Polymesh, open a margin account, provide some collateral for your short position, borrow some coins from the trading platform, and start short selling. Keep in mind that shorting Polymesh or any other cryptocurrency is high-risk. Exchanges that currently support shorting Polymesh are:
What will Polymesh (POLYX) coin be worth in 5 years?
It is impossible to predict what Polymesh will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Polymesh's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Polymesh 5 years from now.
POLYX Price Statistics
Polymesh Price
$0.4066
Price Change24h
$-0.016809 3.97%
24h Low / 24h High
$0.398 / $0.4255
Trading Volume 24h
$45,982,799
Volume/Market cap (24h)
13.39%
Market Dominance
0.01%
Market Rank
#186
Market Cap
$343,292,617
Fully Diluted Market Cap
$425,179,598
7d Low / 7d High
$0.398 / $0.4876
30d Low / 30d High
$0.3294 / $0.7567
90d Low / 90d High
$0.1478 / $0.6727
52 Week Low / 52 Week High
$0.0998 / $0.6727
All Time High
$0.7567
All Time Low
$0.0998
