### What is Polymesh (POLYX)?

Polymesh (POLYX) is an institutional-grade permissioned blockchain designed specifically for regulated assets, such as security tokens. By addressing the unique needs of issuers, investors, and regulators, Polymesh aims to streamline outdated processes in capital markets and enable the creation of new financial instruments.

### How does Polymesh (POLYX) work?

Polymesh is built using the Substrate framework, enabling a modular blockchain tailored for security tokens and regulated assets. It employs a **Nominated Proof-of-Stake (NPoS)** consensus mechanism with the GRANDPA finality gadget, ensuring secure and efficient operations. The BABE algorithm is used for block production.

Polymesh does not heavily rely on smart contracts for core functionality, instead integrating financial primitives directly into its protocol. However, it supports WebAssembly smart contracts using the ink! language, allowing developers to create custom solutions for asset management and compliance.

### What are the potential use cases for Polymesh (POLYX)?

Polymesh provides a robust infrastructure for several real-world applications, including:

- **Real Estate Tokenization**: Transforming property into digital assets for easier management and trading.  
- **Security Token Issuance**: Enabling compliant creation and lifecycle management of digital securities.  
- **Private Equity**: Facilitating the tokenization of private equity assets for liquidity.  
- **Carbon Credits**: Supporting tokenized carbon credits for environmental finance.  
- **Corporate Governance**: Managing shareholder voting and governance processes digitally.  
- **Compliance Management**: Simplifying regulatory compliance for digital assets.  

Key industries include real estate, private equity, carbon markets, financial services, and RegTech.

### What is the history of Polymesh (POLYX)?

Polymesh was developed by Polymath, the team behind the first security token platform and the ERC-1400 standard. Recognising the limitations of general-purpose blockchains for regulated assets, Polymath launched Polymesh as a purpose-built solution.  

Key milestones include:
- **October 2021**: Launch of Polymesh’s genesis block by the Polymesh Association.  
- **Integration with AlphaPoint**: Enhanced asset digitization and exchange solutions.  
- **Market Success**: Surpassed $1 billion in market capitalisation.  

Polymesh has evolved into a comprehensive blockchain ecosystem for regulated assets, with a focus on tokenization, compliance, and institutional adoption.

### Notable Partnerships

Polymesh has formed partnerships with key players in the tokenization and blockchain space, such as:
- **AlphaPoint**: For asset digitization and exchange solutions.  
- **ABC Tokens**: Utilising Polymesh for tokenized real estate projects.  
- **Polymath’s Capital Platform**: Built on Polymesh for end-to-end tokenization services.  


Polymesh

Toncoin

Horizen

Osmosis

Gravity

Radiant Capital

Oasys

Realio Network Token

POOH

UX Chain

Convergence

Dawn Protocol

Cope

Serum Ecosystem Pool

Save

Lido Staked SOL

Kilo OpenDAO

Mercurial

Mango

Polymesh (POLYX)

Similar Coins

TON

ZEN

OSMO

G

ARK

RDNT

OAS

RIO

POOH

UX

CONV

DAWN

COPE

SECO

SLND

STSOL

KSOS

MER

MNGO

Resources

Polymesh (POLYX) Price Index

Polymesh Price

Trading volume

Market cap

Resources