Exchange Polymath Token (POLY)
If you're looking to swap Polymath Token, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Polymath Token or some fresh information about POLY’s price movements. And, of course, we provide you with the multiple Polymath Token exchange options so that you can choose the offer with the best rates and lowest Polymath Token fees, as well as other parameters that suit you.
Polymath Token Price Stats
To help you make a decision about exchanging your Polymath Token, we gathered some cold hard numbers: Polymath Token price chart and other stats, such as Polymath Token market cap.
24H HIGH $0.1769
POLY MARKET CAP $172,000,000
CIRCULATING SUPPLY 1,000,000,000 POLY
24H LOW $0.1643
POLY PRICE $0.172
24H VOLUME $84,653.566
Polymath Token Price Chart
Here you can see the current price of Polymath Token, as well as Polymath Token price history.
What is Polymath Token?
Polymath (POLY) is a utility token of the Polymesh blockchain — the network providing the infrastructure for the issuance of security tokens. Polymesh was founded in 2017 with the plans to launch the mainnet in 2021.
Security tokens represent digitized financial securities — like an ownership stake in an asset — “living” on the blockchain. Security tokens, while utilizing blockchain technology, also have to comply with the rules and regulations typical for the traditional financial industry. This means that it’s not always convenient to issue such tokens on networks like Ethereum which are usually used for this purpose. For example, owner’s identity information is important in portfolio management, even if it’s tokenized, while most blockchain networks are designed to avoid using identities. This, and other similar reasons, is why the Polymesh network was created: it combines the best of both worlds.
The Polymesh network is secured using Nominated Proof-of-Stake (NPoS) protocol. It is permissioned, meaning that both Validator and Nominator nodes are known entities. Polymath token (POLY) is used to power the network: transaction fees, module fees (payments at the launch of a new security token), and smart extension fees (for the third-party smart extensions) are paid in POLY. Polymath token is also used for governance purposes.
Note that POLY is an ERC-20 token. Within the year after the mainnet launch, most of the POLY tokens are expected to be swapped 1:1 to POLYX — the native token on Polymesh.
A Simple Way To Exchange Polymath Token Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 2250 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.