• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    featured image

    A Beginner’s Guide to Bitcoin futures trading

    crypto traders 2021

    Top 5 Crypto traders to follow on Twitter in 2021

    featured image

    Everything you need to know about Bitcoin IRA

    featured image

    How Bitcoin can be hacked?

    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    Trending Tags

    • Altcoin
    • Crypto Lists
    • News
      bitcoin laser eyes

      Bitcoin Laser Eyes, What is it all about?

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      featured image

      Breaking : Crypto Trading is now legal in South Korea

      RBI to allow crypto trading

      Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

      featured image

      Steemit Joining TRON Ecosystem

      Reliance Jiocoin

      Reliance Jio is preparing for Jio Coin launch in 2020

      A $134 Million real estate has sold on ethereum blockchain

      A $134 Million real estate has sold on ethereum blockchain

      Hacking attacks on cryptocurrency exchanges

      Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

      Bithumb Launches in India

      Bithumb Global Launches in India

    • Crypto Market
    • Guide
    • DEFI
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      featured image

      A Beginner’s Guide to Bitcoin futures trading

      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      featured image

      Everything you need to know about Bitcoin IRA

      featured image

      How Bitcoin can be hacked?

      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      Trending Tags

      • Altcoin
      • Crypto Lists
      • News
        bitcoin laser eyes

        Bitcoin Laser Eyes, What is it all about?

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        featured image

        Breaking : Crypto Trading is now legal in South Korea

        RBI to allow crypto trading

        Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

        featured image

        Steemit Joining TRON Ecosystem

        Reliance Jiocoin

        Reliance Jio is preparing for Jio Coin launch in 2020

        A $134 Million real estate has sold on ethereum blockchain

        A $134 Million real estate has sold on ethereum blockchain

        Hacking attacks on cryptocurrency exchanges

        Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

        Bithumb Launches in India

        Bithumb Global Launches in India

      • Crypto Market
      • Guide
      • DEFI
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Altcoin

      Polymath 101 – A platform to tokenise securities

      Hitesh Malviya by Hitesh Malviya
      March 12, 2020
      in Altcoin, Blockchain
      0 0
      0
      Polymath 101
      0
      SHARES
      141
      VIEWS
      Share on FacebookShare on Twitter

      Polymath is banding together with Charles Hoskinson to assemble a blockchain organize explicitly intended to help security tokens. since 2013, when Initial Coin Offerings made success, the blockchain ecosystem has raised over $3 billion USD massively pushing the traditional finance to the last ladder. However, this booming token fundraising is yet to be backed up by a security market. There is no doubt that every single category of traditional finance works better on the blockchain protocol. If brought into the blockchain, traditional finances such as LP shares, equity, and even share units have the potential to be turned into programmable tokens with more liquidity, accessibility, and security.

      But, there is no platform that can bridge this gap between financial security and blockchain.

      Enter, Polymath.

      Polymath aims to launch a system that will allow the facilitation of primary issuance and secondary trading of blockchain security tokens.

      Let’s break it down into simpler words.

      Polymath is a blockchain-based platform working towards linking the traditional financial securities with the blockchain technology. The Polymath platform will open up the blockchain to legally-obedient security offerings together with services that will lower the related transaction cost over time.

      Polymath envisions a future where shareholders are replaced by token holders in the face of the global economy. They claim that by the implementation of this, every business will have immediate access to the crypto capital.

      With its native token, POLY, the platform is introducing the concept of Security Token Offerings (STOs) instead of ICOs.

      What is Polymath really doing?

      Polymath is aimed at making STOs dominate ICOs by convincing all kinds of financial products to upgrade to tokens.

      • Polymath is building the world’s first decentralised protocol that will enable the trading of security tokens. This protocol will empower corporations to launch their own security tokens by simplifying the legal and technical challenges for them.

      Through the polymath platform, individuals and institutions will be able to validate their identity and accreditation status and participate in a different STOs.

      What does the Polymath system look like?

      As mentioned in their whitepaper, the team defines Polymath as a system that can be modelled as tools for a set of participants, assets, marketplaces, and processes.

      Who will be the participants?

      The system will be a ground of investors (individuals or institutions interested in investing in or trading security tokens, issuers (the people who will sell the security tokens), legal delegates (who will place bids and also act as representatives outside of the blockchain to guide issuers through the whole process), KYC providers (who will authenticate the real identities of all participants and accredit them), and developers (the software engineers who will create and review the contracts for the initial offering of the security tokens.

      What assets?

      POLY Tokens (which will be the core utility tokens powering the platform), Polymath Chaincode (the set of smart contracts which will coordinate interactions between participants), and Ploymath.js (a JavaScript library which will simplify interaction with Polymath Chaincode.

      The Polymath smart contracts are deployed on Ethereum but can be linked to other platforms also.

      Which marketplaces will be involved?

      KYC Provider Marketplace (responsible for matching individuals with KYC providers who will provide validation and accreditation services within their jurisdiction for a cost.

      Legal Delegate Marketplace (aimed at assisting issuers to complete the steps for an issuance. The delegates will bid the cost for representing each new security token.

      Developer Marketplace (allows developers will bid for the jobs to double-check an STO Contract for issuers.)

      What processes will be happening?

      The processes will be aimed at enabling smooth interaction between participants on the platform. Dedicated processes will look over the security planning to be issued to the network, providing a framework for the legal delegates and service providers, and assistance of issuers for improving the auditability, security, and accountability of the securities market.

      The Polymath Token (POLY)

      The network will create an ERC20 standard native Polymath token by the name of POLY which will power the system. The whitepaper states that the network will only ever build 1 billion POLY tokens.

      The POLY token will allow any value that is created in the system to be captured by the system itself. This will set up incentives that will remain in the systems.

      • The issuers will post their bids for POLY tokens.
      • The developers will earn POLY for creating STO contracts.
      • KYC providers will be required to pay a fee in POLY to join the network and will offer their services in the token as well.
      • The investors will have to pay a POLY fee to the KYC providers for the validation.
      • The legal delegates will earn POLY by proposing bids on token issuance and by being selected to do the job.

      The Bottom Line

      The Polymath platform appears to have a rather visionary ambition for curtailing the current prevalent barriers for business and financial products to launch security tokens on the blockchain.

      After an analysis, everything appears to be good but the network’s refusal to assume any knowledge about the legal delegates urging the issuer to trust a delegate’s claims and credentials can become a problem. But given that third parties will have the freedom to track the number of issuances done by a delegate and the fact that delegates are also required to undergo KYC may serve to be the solution.

      The networks aim is to do for security tokens what Ethereum did for ICOs and digital tokens If implemented correctly, the Polymath network can make it easy for companies to launch security-backed tokens leading to the creation of highly-liquid securities token-only marketplace.

      Vital Information

      Total Supply: 1,000,000,000 POLY

      Circulating Supply: 239,999,750 POLY (23.99%)

      Market Cap: $125,288,509 USD

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: Polymath
      ShareTweetPin

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      blockchain myths

      Top 5 Blockchain Myths Explained

      by Guest Author
      March 4, 2021
      0

      In this article, we will explain top 5 blockchain myths. Blockchain technology has developed significantly in recent years and has...

      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      by Hitesh Malviya
      March 2, 2021
      0

      Top 5 Upcoming Token Sale(IEO/IDO) - MARCH Edition After the ICO bubble busted in 2018, Projects were struggling to find...

      hidden gems crypto

      Top 5 Hidden gems Crypto

      by Hitesh Malviya
      February 27, 2021
      3

      Top 5 Hidden gems Crypto Everyone Should Know About It is very easy to get lost in the crowd in...

      A simple guide to understanding FTX Bull and Bear tokens

      A simple guide to understanding FTX Bull and Bear tokens

      by Nivesh Rustgi
      February 24, 2021
      0

      FTX bull and bear are ERC20 tokens which gives 3x returns on the change in price of the underlying assets....

      featured image

      Top 10 Low market cap altcoins to invest in 2021

      by Nivesh Rustgi
      March 2, 2021
      0

      In this article, we will discuss Top 10 Low market cap altcoins to invest in 2021. The cryptocurrency market is...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 5, 2021
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      March 5, 2021
      hidden gems crypto

      Top 5 Hidden gems Crypto

      February 27, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      March 2, 2021
      non fungible token

      Non-fungible Token(NFT): The Next Big Thing in Crypto Market

      February 18, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      crypto investor

      What NOT To Do As A Crypto Investor

      February 26, 2021
      NBA TOP SHOT

      NBA Top Shot: What’s All The Buzz About?

      March 5, 2021
      blockchain myths

      Top 5 Blockchain Myths Explained

      March 4, 2021
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 5, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      crypto influencer

      Top 10 Influencers in Crypto New Investors Should Follow

      March 5, 2021
      eth2 development

      According to Chainstack Report: Over 5,000 developers have contributed to the five client projects on Eth2 mainnet.

      March 1, 2021
      featured image

      A Beginner’s Guide to Bitcoin futures trading

      February 28, 2021
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 1

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 2

        0 shares
        Share 0 Tweet 0
      • List of leading partners of Ripple, and How they use XRP?

        137 shares
        Share 137 Tweet 0
      • Top 10 Low market cap altcoins to invest in 2021

        20 shares
        Share 20 Tweet 0
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • DEFI
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.