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logoPolymesh (POLYX)

A Blockchain Making Tokenization Accessible for Institutions
  • Polymesh is a blockchain making tokenization accessible for institutions.
  • POLYX is the native token of the project. The current use cases for POLYX include:
    • Transaction and protocol fees: POLYX is used to pay transaction fees and protocol fees for certain types of native functions (e.g. configuring a token).
    • Governance: Holders can influence the direction of Polymesh by bonding POLYX to proposals through Polymesh Governance.
    • Staking: Users can stake POLYX tokens on Polymesh node operators for a share of staking rewards.
  • The project consists of the following major components working in conjunction:
    • Standardized Asset Creation and Management: Polymesh incorporates the logic for the issuance, compliance, settlement, and lifecycle management of tokenized assets into the base layer of the chain.
    • Compliance Engine: A compliance engine lets users customize an array of compliance and rule-based characteristics to be automated and enforced at the token level.
    • Settlement Engine: Settlement is possible for both on- and off-chain assets through Polymesh’s on-chain settlement engine, multi-party transaction affirmation, and near-instant deterministic finality.
    • Smart Contracts: Smart contracts in Polymesh are written in ink! and permit users to build additional custom functionality as needed.
  • As of November 15th 2022, the total token supply OF POLYX is 522,161,895. The current circulating supply is 403,259,917.00 (~ 77.00% of the total token supply).
  • Learn more about the token distribution of POLYX here.