Polymath is a blockchain platform that aims to democratize the issuance and investment in security tokens morePolymath is a blockchain platform that aims to democratize the issuance and investment in security tokens. The platform aims to address the challenges and costs of traditional capital markets, empowering businesses, and individuals to create, issue, and manage security tokens in a compliant and efficient manner. Some of the potential benefits of using Polymath include:
1. Lower costs and higher efficiency: Polymath leverages blockchain technology to streamline the issuance and management of security tokens, reducing the costs and time involved in traditional capital raising methods.
2. Stronger investor protection: Polymath's platform is designed to ensure that security tokens comply with regulations and are issued only to eligible investors, protecting investors from fraudulent activities.
3. Increased liquidity and accessibility: Security tokens issued on Polymath's platform can be traded globally, 24/7, facilitating access to new markets and investors, and increasing liquidity for issuers.
4. Tokenization of assets: Polymath enables the fractional ownership and trading of previously illiquid assets, such as real estate, art, and private equity, creating new investment opportunities for investors.
5. Governance and compliance: Polymath's platform enables the implementation of custom governance and compliance rules, ensuring that security tokens adhere to legal and regulatory frameworks in different jurisdictions.
The POLY token is used as the utility token on the Polymath platform. The token is used to pay for services and fees on the platform, incentivizing token holders to participate in the ecosystem. The POLY token can also be staked by token holders to participate in the platform's governance and decision-making processes.
Sources:
- Polymath official website: https://polymath.network/
- Polymath Whitepaper: https://polymath.network/PolymathWhitePaper.pdf
- Forbes article on Polymath: https://www.forbes.com/sites/rachelwolfson/2018/11/15/this-blockchain-venture-fund-is-endorsing-the-security-token-movement/?sh=1b4e4c274be4 (AI generated summary)
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