Poly Crypto: Smart Investment Or Risky Business?

Polymath (POLY) is a blockchain platform for creating, issuing, and managing securities tokens. It has a fixed maximum supply of 1 billion tokens, with 621 million already in circulation. The price of Polymath has been volatile, with a significant drop in value since its release in early 2018, but it has seen substantial gains in recent years, including a 200% increase since the post-COVID-19 crash.

Some analysts predict that Polymath could be a good investment, citing its regulatory compliance with the SEC in the US, its well-designed tokenomics, and its active community. Others warn that it is a risky investment with a small market capitalization and high inflation due to the remaining tokens being released into the market until 2022.

Overall, while Polymath has the potential to be a profitable investment, it is essential to approach it with caution, as with any cryptocurrency.

Polymath's price history and future predictions

Polymath (POLY) is a cryptocurrency token that supports a security token network. It was launched in early February 2018 at a price of around $0.70 to $0.79 per token. On February 19, 2018, it reached an all-time high of $1.64 to $1.66.

However, POLY's price has been on a general downtrend since its launch. By December 2019, it was trading at around $0.02, losing more than 95% of its value. This decline continued, and in March 2020, it reached an all-time low of $0.01075 to $0.018557.

There was a brief surge in April 2021, with POLY climbing to over $0.65, and it peaked again in October 2021 at $0.85 to $0.95. However, it couldn't sustain these highs and closed 2021 at $0.4795.

The crypto crash of 2022 hit Polymath hard, and it ended the year at $0.1428, a 70% decline. In 2023, it showed some recovery, climbing above $0.20 in April, but it ended the year at $0.1877, a 30% increase but still underperforming the broader market.

As of February 2024, POLY was worth about $0.1665, with less than $6,000 worth of daily trading volume. Its market cap was about $378 million, making it the 222nd largest crypto by that metric.

Polymath Price Predictions:

Despite the token's struggles, some analysts remain optimistic about its future. Here are some Polymath price predictions from various sources:

• CoinCodex's short-term prediction in February 2024 suggested POLY could reach $0.3316 by March 28, 2024.
• DigitalCoinPrice predicted Polymath could reach $0.34 in 2024 and $0.40 in 2025.
• CaptainAltCoin's 2024 prediction put POLY at $0.1886 for the year, and $0.3416 for 2025.
• PricePrediction.net gave a higher estimate for 2024, saying POLY would trade at $0.262, and they predicted $0.3807 for 2025.
• TechNewsLeader, as of September 2022, expected the bullish trend to continue, with a potential price of $0.48 in a year and $0.98 in 2025. They even predicted a price of $5.95 in 2030.
• AMB Crypto, also as of September 2022, thought POLY would average $0.44 in 2022 and pass $1 in 2024, reaching $5.90 in 2030.
• PricePrediction, as of September 2022, forecasted a strong climb, with an average price of $5.91 in 2030.
• WalletInvestor, on the other hand, took a bearish view, calling POLY a "bad" long-term investment. They predicted a decline to $0.149 in 2022 and below $0.01 by the end of 2025.

It's important to remember that price predictions are often inaccurate, especially in the volatile world of cryptocurrencies.

Polymath's regulatory compliance and security

Polymath is a blockchain-based platform that enables the digitization of real-world assets, allowing them to be represented as security tokens. The platform is designed to be fully compliant with regulatory requirements, helping to bridge the gap between traditional financial markets and the digital asset space.

Polymath's focus on regulatory compliance is evident in its integration of KYC/AML providers and legal firms into its ecosystem. This enables issuers to set compliance rules for tokens and automate their enforcement, reducing the need for costly and time-consuming manual processes.

The platform utilizes templates to ensure transparency and history for each token. This allows investors to access full information about a token before investing, enhancing trust and credibility. Additionally, Polymath's use of the ERC-1400 standard introduces compliance, document management, and enhanced security token controls, ensuring that security tokens comply with legal regulations.

Polymath's tokenization process involves minting tokens, managing investors, and raising funds, all within a regulatory-compliant environment. The platform is built on the Ethereum blockchain and allows users to tokenize private equity, limited partner shares, stocks, bonds, venture capital, and other financial instruments.

In summary, Polymath's regulatory compliance and security measures are designed to streamline the tokenization of traditional assets, providing a secure and transparent environment for investors while ensuring adherence to legal regulations.

Polymath's team and leadership

Polymath is derived from the Greek word for 'universal man'. The blockchain project is built for security tokens. Polymath Inc. is registered with the U.S. Security and Exchange Commission (SEC) and incorporated in Barbados. Trevor Koverko is the co-founder and director of Polymath Inc.

Polymath is a long-term venture bet in the crypto space. Its regulatory compliance with the SEC in the US makes it a safer bet than most. The market capitalization of the S&P 500 is over $28 trillion, with trillions in the commodity markets as well. Polymath can enable global access to many financial securities while complying with international laws.

The Polymesh blockchain, which underlies Polymath, is being built in collaboration with Charles Hoskinson, the creator of Cardano and co-founder of Ethereum. The native token of the Polymesh blockchain will be POLYX, and all POLY tokens on Ethereum will be upgraded to POLYX at a 1:1 ratio.

Polymath's leadership team is made up of polymaths, or individuals with a wide range of interests, an extreme curiosity, and a self-motivated learning drive. They are committed to continuous learning and applying their knowledge in different scenarios.

Trevor Koverko, co-founder and director of Polymath, is an example of a polymath leader. He has helped build a dynamic company that is unafraid to learn and unlearn, and pivot when necessary. Koverko's ability to bring together different people with diverse skill sets and knowledge bases has allowed Polymath to thrive in the face of uncertainty.

Chris Housser, the other co-founder of Polymath, is another example of a polymath leader. Housser's ability to make strategic decisions, such as diversifying ETH/BTC holdings, showcases his broad understanding of the market and his commitment to continuous learning.

The Polymath leadership team's diverse skill sets and knowledge have allowed them to create a product that meets immediate requirements and aligns with overarching business goals. Their leadership style is creative and adaptive, fostering a culture of innovation and dynamic work environments.

Polymath's market position and competitors

Polymath is the interface between financial securities and the blockchain. It is a blockchain project specifically built for security tokens. Polymath is registered with the U.S. Security and Exchange Commission (SEC) and incorporated in the state of Barbados.

Polymath's competitors include:

• TokenGet: a turnkey security token offering platform.
• Algorand: a company developing a scalable, secure, and decentralized digital currency and transactions platform.
• Bitkub: a digital asset and cryptocurrency exchange platform.
• EXMO: a company that develops and operates a cryptocurrency platform.

Polymath's market position is that it is a pioneer in the formation of the Security Token Standard (ERC1400), which is a library of protocols for the creation of compliant security tokens. It includes other sub-standards for security tokens, such as ERC1594, ERC1643, and ERC1644. Polymath is looking to serve the global financial markets specifically through its platform.

The company has raised over $100 million in funding and has a total supply of 1 billion POLY tokens, with 520,770,098 POLY currently in circulation. Polymath is listed on leading crypto exchanges like Binance, Bitfinex, and Huobi Global, as well as Indian exchanges WazirX and CoinDCX.

Polymath's long-term goal is to enable global access to many financial securities while complying with international laws, opening the world to businesses of all types.

Polymath's use cases and tokenomics

Polymath is a blockchain-based platform that provides technology to create, issue, and manage security tokens. Security tokens are similar to traditional assets like stocks or bonds and are typically regulated. Polymath seeks to power the issuance of digital securities within global regulatory frameworks, providing issuers with a suite of compliant tools.

The platform streamlines the process of tokenizing real-world assets, allowing users to mint tokens, manage investors, and raise funds. Polymath's technology brings efficiency and transparency to security token management, making it easier for businesses to comply with regulatory requirements.

Polymath's use cases include:

• Tokenizing private funds or other real-world assets, such as real estate.
• Facilitating the creation and management of security tokens, including setting rules around token ownership and transfer.
• Providing a white-label solution for broker-dealers, banks, and asset managers to integrate Polymath's technology into their offerings.
• Offering a self-service application, Token Studio, for users to create, issue, and manage security tokens through a simple interface.
• Serving as a platform for service providers such as custody agents, broker-dealers, legal firms, cap table management providers, and KYC/AML providers.

Polymath's native token is POLY, an ERC-20 utility token on the Ethereum blockchain. POLY fuels the Polymath Token Studio and is used by issuers creating and managing security tokens on the platform. There is a maximum supply of 1 billion POLY tokens, with approximately 240 million distributed during the platform's launch. POLY tokens can be purchased on cryptocurrency exchanges such as Binance, Upbit, and Coinbase.

The Polymath platform also introduced the concept of Poly to PolyX upgrade, where existing POLY tokens can be upgraded to POLYX tokens on the Polymesh blockchain at a 1:1 ratio. Polymesh is an institutional-grade blockchain specifically built for security tokens, addressing challenges related to identity, compliance, confidentiality, and governance.

Polymath's tokenomics include:

• A total supply of 1 billion POLY tokens, with approximately 240 million distributed during the platform's launch.
• Tokens are released periodically on a set schedule, with 50% of the supply designated to be released by 2022.
• POLY tokens are available for trading on several exchanges, including Binance, Upbit, and Coinbase.
• POLY tokens can be stored in ERC-20 compatible wallets such as MyEtherWallet, MyCrypto, or Metamask, as well as hardware wallets like Ledger or Trezor.
• The value of POLY tokens has experienced significant volatility since its launch, initially priced at $0.79 but later dropping to around $0.02 by the end of 2019.

Frequently asked questions