Polymath provides a platform for issuing tokens and emphasizes compliance with all legal procedures. As a result, the so-called Security Token (ST20) should be obtained, which meets all the legal requirements for securities. In other words, it turns out the token is legally equivalent to securities and meets all the requirements of regulators, such as the SEC.
Polymath provides a platform for issuers of securities (stocks, bonds, etc.) who want to tokenize their securities and for investors who have passed the KYC procedure. What are the other features of the project? What are the prospects of the POLY token? Find out in the new Polymath (POLY) price prediction by Changelly!
What is Polymath (POLY) about?
There are two types of assets in the system:
- utility token;
- security token.
The first type of tokens allows their owners to access the project products. The number of tokens of security tokens indicates the size of your share in the project. Security tokens owners receive dividends from the company. All project shareholders become holders of internal tokens. Since security tokens are securities, they fall under state regulation.
The Polymath project was created to simplify and reduce the cost of these procedures. Legal support, a decentralized platform for bidding and low commissions created on one field are the three foundations that are necessary for a successful project.
The Polymath platform is multi-level, it has four main tools:
- Protocol, which allows you to use smart contracts to determine and comply with the conditions of digital tokens;
- Polymath applications is a diverse optional set of securities management;
- Legal support includes the tools to help adapt the production of digital assets to the regional environment;
- Exchange is an independent trading platform where you can exchange or sell tokens.
The POLY token is used to pay for all actions and services on the Polymath platform. This token is a utility token of the ERC20 standard and can be stored in Ethereum wallets with support for storing tokens of the ERC20 standard.
The project team is concentrated in Canada and consists of well-known professionals. In general, the project inspires confidence. A very strong marketing company promoting the project.
|Asset Type||ERC-20 Token Standard|
|Network type||Ethereum Blockchain|
|Curr. Supply / Total Supply||438,789,728.02 POLY / 1,000,000,000 POLY|
|ROI since launch||-95.76%|
Polymath Price Analysis
In early February 2018, the price of the Polymath cryptocurrency began to rise significantly, rising from $ 0.60 to $ 1.20 in the first two weeks of the month. This happened amid a strong decline in US stock indices.
The American S&P 500 index at that time fell by more than 10%. The main explanation for the POLY price increase at the beginning of this month is the decline in the prices of US stocks. Many cryptocurrency investors believe that in the future, the money will gradually flow from the US stock market to the cryptocurrency.
Since that moment, the price of the coin began to fall slowly, now the value of the Polymath (POLY) cryptocurrency is $0.0332.
In May 2019, the team announced the development of Polymesh Blockchain. The platform will be launched in 2020.
Polymath Technical Analysis
Well, there is not actually any technical analysis expertise of Polymath cryptocurrency. However, here is the aggregate rating for POLY from several traders & analysts on TradingView.
Polymath (POLY) Price Prediction for 2020-2025
$240 million POLY was airdropped to participants signed up by January 2018. Since the launch, the list of partners has become wider. There are t-Zero (blockchain, which is improving Wall Street), Minthealth (healthcare blockchain), BlockEstate (blockchain for real estate). In fact, Polymath has not many competitors, we can remember only Harbor and Swarm Fund. All these factors predict a bright future for cryptocurrency.
#1. Walletinvestor Price Prediction for 2020, 2022, 2025
In 2020, the price will be approximately $0.0749. After 5 years, the price of the coin is unlikely to change, it will be almost the same, worth $0.0747.
#2. Digitalcoinprice Price Prediction for 2020, 2025
The price of the coin will gradually increase: in 2020 – $0.06279, and in 2025 – $0.1407.
#3. Crypto-rating Price Prediction for 2020, 2025
Crypto-rating price forecast for POLY has an extremely positive tendency. Over the years, the price of a coin will only increase. In 2020, the Polymath cryptocurrency rate will be $0.229. In 5 years, the POLY price will reach $0.3435.
Buy POLY at Changelly with USD, EURO or GBP
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.