Difference between revisions of "Polymath (POLY)"

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* [[David Johnston|Johnston, David]], advisor
* [[David Johnston|Johnston, David]], advisor
* [[Anthony Di Lorio|Di Iorio, Anthony]], advisor
* [[Anthony Di Lorio|Di Iorio, Anthony]], advisor
* [[Matt Roszak|Roszak, Matt]], advisor
* [[Matthew Roszak]]; advisor
* [[Bruce Fenton|Fenton, Bruce]], advisor
* [[Bruce Fenton|Fenton, Bruce]], advisor
* [[Michael Perklin|Perklin, Michael,]] advisor
* [[Michael Perklin|Perklin, Michael,]] advisor

Revision as of 16:12, 3 July 2019

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Basics

  • One of the largest securities token platform in the world, (those designed explicitly to fit under current securities laws)
  • is locking up approximately $9 million worth of its tokens for five years. (1-2019) Polymath raised $58.7 million using a simple agreement for future tokens in January 2018, according to a filing with the SEC.
  • According to Housser, 74 percent of the locked-up tokens (57 million) will come from those designated for the company and 26 percent (18 million) will come from those designated for the founders. Per the terms of POLY’s smart contract, tokens are released for use periodically through 2022, but the team is redirecting part of these to a new smart contract that will hold them until January 1, 2024.
  • Users spend POLY tokens on the Polymath platform during the process of launching new security tokens. The company says 75 tokens have been created using the platform so far. (1-2019)
  • IOHK’s Charles Hoskinson and Polymath are teaming up to launch Polymesh, a regulation compliant security token platform; announced at Consensus this week, the platform will be different from Polymath's security platform in its capital market focus. Charles will be Polymesh’s “co-architect,” according to a press statement.

Team, investors, etc.

  • Is partner with and client at Solidified "We help secure all releases of Polymath"
  • SeriesOne, a crowd-funding platform, and Polymath, a securities token protocol platform, are joining forces to launch a digital securities ecosystem