What is the current price of Polymesh (POLYX)?

The current price of Polymesh (POLYX) is 0.24331701437194178 AUD, representing a -3.52 from the day prior.

Can I buy Polymesh (POLYX) on Coinstash?

Yes - you can easily buy and sell Polymesh (POLYX) on Coinstash. Simply login or sign up, to start buying Polymesh (POLYX) in minutes.

Where is the best place to buy Polymesh (POLYX) in Australia?

The best place to buy Polymesh (POLYX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Polymesh (POLYX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Polymesh (POLYX)?

The trading volume of Polymesh (POLYX) is 12.6M AUD in the last 24hrs, representing a -3.52 from the day prior.

How can I buy Polymesh (POLYX)?

Polymesh (POLYX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Polymesh (POLYX)?

The current market cap of Polymesh (POLYX) is 281.2M AUD.

Can I convert Polymesh (POLYX) to cash?

Yes - With Coinstash you can convert your Polymesh (POLYX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Polymesh (POLYX) are there?

The current circulating supply of Polymesh (POLYX) is 1.2B.

Is Coinstash a safe place to buy Polymesh (POLYX) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Polymesh (POLYX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Polymesh (POLYX)

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 By addressing the unique needs of issuers, investors, and regulators, Polymesh aims to streamline outdated processes in capital markets and enable the creation of new financial instruments.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.