Polymath (POLY)

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Revision as of 11:48, 23 February 2019 by w:c:dyor-crypto>Zeb.dyor

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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)

Team, etc.

  • Is partner with and client at Solidified "We help secure all releases of Polymath"