Difference between revisions of "Polymath (POLY)"

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* 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|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.
* 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|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)
* 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)
* <strong>[[IOHK]]</strong>[[IOHK|’s]] [[Charles Hoskinson|Charles Hoskinso]]n 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.
* [[IOHK]][[IOHK|’s]] [[Charles Hoskinson|Charles Hoskinso]]n 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.
* [https://www.theblockcrypto.com/tiny/security-token-firm-polymath-shuts-down-2-projects-resulting-in-layoffs/ Announced] (7-2019) its plans to shut down two initiatives, which results in at least 10 layoffs; as part of the announcement, Ploymath clarified that it would continue its core work on Ethereum and its flagship Polymath Token Studio, which Polymath said had "enabled the creation of more than 130 security tokens". However, there are questions about demand, as it said only 12 of those tokens had "more than 5 token holders."


== Team, investors, etc. ==
== Team, investors, etc. ==
* [[Chris Housser|Housser, Chris]]; co-founder
* [[Chris Housser|Housser, Chris]]; co-founder
* [[Kevin North]], CEO
* [[Mudit Gupta]]
* [[Mudit Gupta]]
* [[Steven Nerayoff|Nerayoff, Steven]]; advisor
* [[Steven Nerayoff|Nerayoff, Steven]]; advisor

Revision as of 10:34, 14 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.
  • Announced (7-2019) its plans to shut down two initiatives, which results in at least 10 layoffs; as part of the announcement, Ploymath clarified that it would continue its core work on Ethereum and its flagship Polymath Token Studio, which Polymath said had "enabled the creation of more than 130 security tokens". However, there are questions about demand, as it said only 12 of those tokens had "more than 5 token holders."

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