Key metricsKey metrics
PricePrice$0.0936
Asset TypeAsset TypeSecurity Token
StructureStructureFor Profit Company
Project StatusProject StatusMVP
OwnershipOwnershipFree
SectorSectorSecurities
IndustryIndustryBlockchain
FoundedFounded25-Dec-2017
Funds raisedFunds raised58M
CountryCountryCanada
Key personKey personTrevor Koverko

Polymath (POLY) Information{coin_name} ({symbol}) Information

The future of Tokens. Polymath enables trillions of dollars of securities to migrate to the blockchain.

The Polymath platform opens up the blockchain to legally compliant securities offerings with a network of services designed to lower associated transaction costs over time. At a high level, Polymath: 1. Provides a decentralized protocol for trading security tokens. 2. Enables individuals and institutions to authenticate their identity, resi- dency, and accreditation status to participate in a wide range of security token offerings (STOs). 3. Allows legal delegates to bid on new issuances to represent issuers on offerings to be done in a regulatory compliant manner. 4. Matches issuers with developers who can translate issuers’ Security Offer-ing parameters into secure code that generates ERC20 compatible tokens. Polymath’s system can be modeled as tools for a set of Participants, Assets, Marketplaces, and Processes.
Utility of the coin/token
Issuers are able to post bounties in POLY tokens, in order to encourage legal delegates and developers to bid on providing services towards the issuance. The size of bounty posted is at the discretion of the issuer. Highly complex securities offerings will likely require a greater amount of POLY. Developers will earn POLY for creating STO contracts. In order to incentivize developers to create security token contracts, they will be required to have these POLY fees locked up for a minimum of 3 months after the end date of the security token offering. KYC providers pay a POLY fee to join the network. This fee is to identify legitimate KYC providers who can make this back in fees earned over time from investor verifications, potentially even after a single successful issuance. Investors seeking to purchase security tokens will be required to pay a POLY fee to KYC providers for verification. Verified investors are then eligible to trade security tokens, subject to any additional requirements imposed by their broker, by issuer, or by exchanges. Additionally, where not prohibited by law, investors’ payment for security tokens may be required to use POLY, but this is at the issuer’s discretion. Legal delegates are able to earn POLY tokens by (i) proposing bids on security token issuances and (ii) being selected by the issuer to take responsibility for the issuance.

Team OverviewTeam Overview

Trevor Koverko
CEO & Co-Founder

Trevor Koverko is prominent blockchain founder, investor and speaker. After launching his career at the convergence of Wall Street and Silicon Valley, Trevor became a very early leader in the blockchain community. Trevor has keynoted major blockchain events like The North American Bitcoin Conference and seeded foundation projects like Ethereum, Aion, QTum, Hive, EOS and Shapeshift. In 2017, after predicting the mega-trend of financial securities migrating to the blockchain, Trevor cofounded Polymath - the worlds largest securities token network.

Chris Housser
COO & Co-Founder

Blockchain - Lawyer and technology entrepreneur

Graeme Moore
Evangelist
Igor Denisov
Head of Strategy and Business Development

Business Development and Strategy at Polymath - capital markets applications of DLT

Kalman Gabriel
Managing Director
Pablo Ruiz
VP Engineering

Recently named one of the Argentina's top 20 must-know influencers by Techfoliance Latam. After many years in management positions, I developed a renewed interest in software development, which has led me to get involved in the development of Ethereum-based Dapps.

Adam Dossa
Director of Technology

Passionate about blockchain technologies and deeply involved in the blockchain community and technology. 13 years experience in technology within the financial sector as a developer, manager and leader. In-depth knowledge of Fixed Income products, including interest rate swaps, path-dependent options, hybrid derivatives, emerging market products and structured notes.

Adam King
FullStack Developer

OrganizationsOrganizations

Polymath Inc.

Company NumberCompany Number 804960771RC0001
24 Wellesley St. W., Toronto, Ontario, M4Y2X6

Questions and AnswersQuestions and Answers

How does the trading of ST20 tokens on exchanges work?
When trading Security Tokens on exchanges, you will typically face one of three scenarios: Decentralized exchanges Centralized exchanges with omnibus wallets Centralized exchanges with individual wallets (1) Decentralized exchanges use non-custodial wallets (i.e. your own wallet) and transactions are performed on-chain, thus allowing the transfer and volume restrictions embedded by the Issuer into the ST20 security tokens to be enforced programmatically whenever tokens change wallets (includes the need for both the buying and selling wallets to be on the whitelist with no active buy/sell lockup. In other words, the buyer must be able to buy (included in the whitelist + no active buy restriction) and the seller must be able to sell (included in the whitelist + no active sell restriction)). (2) With centralized exchanges that use omnibus wallets, transactions are typically performed off-chain - i.e. the transfer and volume restrictions embedded into the ST20 security token by the Issuer are not triggered (due to the off-chain nature of the transaction) and need to be replicated and enforced by the exchange itself. This also includes the need for every investor to pass KYC/AML/Suitability with the exchange. (3) Centralized exchanges with individual wallets typically fall under (1) or (2) above, depending on whether the transfers occur on-chain or not. It is recommended you speak directly with the exchange itself (one example being Openfinance which lists ST20 as an approved standard in their Security Token Listing Framework) to figure out what model they use and how to best enforce the restrictions of your particular Security Token.
How is the link between the Security Token and its underlying asset formalized?
Financial documents, such as a Private Placement Memorandum or Prospectus, should detail that the Security Token located at contract 0xxxxx represents the financial liability of the entity, and those who hold token 0xxxxx are given rights to that financial assets.
Changing a token from indivisible to DIVISIBLE using Etherscan
Security Tokens can be defined as divisible (i.e. token holder can own a fraction of a token) or indivisible (i.e. token holder can only own an integer number of token(s)). Changing a security token originally defined as "indivisible" into "divisible" is a very simple operation that can be performed using Etherscan.
How many smart contract addresses are associated with my Security Token?
Your security token will have ONE contract address, however your Security Token may have multiple modules, each with their own address. For example, an STO is a module attached to the Security Token. You could perform multiple raises using multiple STOs - Each STO would have its own smart contract address (each associated with their specific rate, hard-cap, etc...) without changing the underlying address of the Security Token.
How does a Security Token Offering affect my Security Token total supply?
Security Token Offerings, or STOs, essentially perform atomic token swaps by minting new tokens based on a price or rate you have established. As an example, let's say that: You have a total supply pre-STO of 500m TORO tokens - This pre-STO total supply could represent the TORO tokens distributed to founders and/or kept by the company in its treasury. You are looking to raise 10m POLY by selling an additional 100m TORO tokens. To do so, have configured an STO with a hard-cap of 100m TORO tokens and a rate of 10 TORO tokens per POLY received. Every time an investor sends POLY (could be ETH as well) to the smart contract address, the amount of POLY is converted into a number of TORO tokens - this amount of TORO tokens is minted and sent back to the originator of the transaction while the POLY (or ETH) are sent to your wallet. Continuing with the example above: Investor A sends 10,000 POLY to the smart contract address, Since the rate is set to 10 TORO tokens per POLY, Investor A receives 100,000 newly minted TORO tokens, and Your wallet receives the 10,000 POLY. At the end of the STO, if your STO raised all the funds you wanted, your total supply will be 500m + 100m = 600m TORO tokens. if your STO raised only 50% of the funds you wanted to raise, your total supply will be 500m + (50% * 100m) = 550m TORO tokens Additionally, if your original 500m TORO tokens was the max total supply you ever wanted, you could always burn 100m TORO tokens from treasury and run a similar STO. Doing so will make your total supply of TORO tokens 400m pre-STO and 500m post-STO, assuming your STO reaches its target.
Create and Issue a Live Token on Polymath Studios
The same Polymath Studio dApp can be used on both the “Kovan Test Network” and the “Main Ethereum Network” by simply selecting the appropriate network in metamask. To create a real token and complete a formal STO, please visit https://tokenstudio.polymath.network/ and select “Main Ethereum Network” WARNING! Usage of the Polymath Token Studio on the Main Ethereum Network will result in spent of real ETH and POLY
What can Polymath do for your STO?
Polymath's role in your security tokenization could be best described as that of a financial printer, i.e. Polymath provides the technology required to reserve your ticker symbol, create your security token and configure/schedule your security token offering. Security tokens created with the Polymath dApp can only be bought-by and sold-to investors whose ethereum address is on the issuer-controlled whitelist (outcome of the KYC/AML/accreditation process), so that both primary and secondary trades are subject to the conditions Issuers have set in their token. Issuers can set additional properties to the security token such as: Maximum number of investors Maximum percentage ownership per wallet address (i.e. no investor can own more than x% of the total supply of tokens. Note that specific investors can be exempt of that limit) Buy lockup (i.e. investor cannot buy tokens from anyone but the STO before a given date) Sell lockup (i.e. investor cannot sell their tokens to anyone before a given date) KYC/AML expiry date (i.e. investors cannot sell or buy tokens until their KYC/AML is refreshed) Additionally, Polymath has built a broad ecosystem comprised of Advisors, Law Firms, KYC Providers, Marketing Agencies, Transfer Agents, Custodians and Exchanges to deliver both continuous compliance and a pathway to liquidity for Polymath created Security Tokens.
Where can I acquire POLY tokens?
The POLY token is the utility token used to access the Polymath ecosystem. It can be used to pay for Services delivered by the protocol (Ticker Reservation, Security Token Creation, use of the Security Token Offering smart contracts) or by the Service Providers you engage with through the dApp. For more information on how to obtain POLY tokens, please consult https://etherscan.io/token/0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec#tokenExchange The Token Studio Team.
Where can I find Token Studio’s Privacy Policy?
The latest Token Studio’s privacy policy can be found here: https://polymath.network/privacypolicy.html
Where can I find Token Studio’s Terms of Service?
The latest Token Studio’s terms of service can be found here: https://polymath.network/termsofservice.html Terms of Service can also be accessed directly in the Token Studio dApp: When creating your account, When reserving your Token Symbol

TechnicalTechnical

Key metricsKey metrics
Token InformationToken Information
Polymath is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec.

Source Code Repositories

PolymathNetwork/polymath-core 229 Stars 33 Contributers 18 Open Issues

Core Ethereum Smart Contracts for Polymath - The Securities Token Platform

PolymathNetwork/polymath-token 85 Stars 3 Contributers 0 Open Issues

Ethereum contracts for the official Polymath token (POLY) and token distribution

PolymathNetwork/polymath-core-deprecated 69 Stars 14 Contributers 15 Open Issues

Core Ethereum Smart Contracts for Polymath - The Securities Token Platform

EconomicsEconomics

Tradeable CoinsTradeable Coins
286,737,107 (29% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0x105b2b74fe6de95b68d435f3a3bc8ace03cf1658 453,943,555.865807
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 127,040,550.854928 Bittrex 1
0xcda3b86c000d910e30ddb32119cd182d8c983056 75,001,337
0x4e9ce36e442e55ecd9025b9a6e0d88485d628a67 52,935,380.3520406 Binance 6
0xde5902674ee6a5a5746593ef1e41022c74abab91 23,685,641.9223
0x83f90c20e5bb62971022bee3cb048f649c125441 22,600,838.1224934
0x025e7b3e7a24fc52d42d3de6b1e5eef0b656bcbd 16,680,379.5907079
0x030e37ddd7df1b43db172b23916d523f1599c6cb 16,000,000.8332033
0xfffa404fbfe29adae17d7900b3740367a1247fbb 12,853,823.5294118
0x05b076b95da49a112d68e8ff0de3b0c9152571f6 11,354,993.681784
0x5d85adea6767419f02a9e2af62b5a9b36e684209 8,516,424.38220917
0xd0e9865b7bab0fed434118e2a400c0a6d03feb3f 8,000,000
0xec78341d13261ed8ceceaf690ec1811ec9d0d4bd 6,704,207.86012802
0xba826fec90cefdf6706858e5fbafcb27a290fbe0 5,219,552.7336528 Upbit 2
0x9ca99a0eca91f87405f74af2530e15c66d9b86f7 4,800,000
0x899b5d52671830f567bf43a14684eb14e1f945fe 4,510,581
0x5d478ac4a7af6b64b2dcffdde02aadcc7a963eff 4,143,894.83423295
0xfdb16996831753d5331ff813c29a93c76834a0ad 3,012,962.817895 Huobi 3
0xfa4b5be3f2f84f56703c42eb22142744e95a2c58 2,802,502.61549415 Huobi 11
0x64e4133f89fee189991d50e75154e38d44cd03b1 2,796,248.90985931

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Upbit POLY/KRW $0.0942 0.69% $597,274 0.92% 1.8%
Binance POLY/BTC $0.0928 -0.8% $376,381 0.12% 0.7%
Bittrex POLY/BTC $0.0928 -0.8% $111,217 0.35% 0.82%
Binance POLY/BNB $0.0932 -0.4% $20,956 0.4% 3.1%
Poloniex POLY/BTC $0.0925 -1.1% $7,724.75 0.82% 2.2%
Bittrex POLY/ETH $0.0932 -0.38% $759.02 2.4% 11%

Latest Polymath NewsLatest Polymath News

Polymath on Twitter

ICYMI: "Read in this article how we are working with Polymath to integrate the ACTUS Protocol with their security token platform and made it possible to tokenize nearly 100% of all financial instruments and derivatives." - @at_par_ https://t.co/ZSGFmLTSxh

Polymath on Twitter ReadRead 

Evan Van Ness on Twitter

More clicked * @gridplus SafeCard * @dydxprotocol Dai/USDC * @crisgarner Rimble<>web3react * @scott_lew_is no more donuts! * @Bloom Share Kit * @PolymathNetwork Handing revert exception * @ricmoo ethersJS v5 beta * @AugurProject thought experiment to understand prediction markets… https://t.co/0F6vtilZTI

Polymath on Twitter ReadRead 

Polymath on Twitter

Read about @at_par_'s integration with Polymath!…

Polymath on Twitter ReadRead 

Mudit Gupta on Twitter

I have been running an Ethereum mainnet full node for over a year now and plenty of other devs do as well. Many companies and foundations run Ethereum nodes too for their dApps. @PolymathNetwork runs at least 2 full Ethereum mainnet nodes at all times. 2/… https://t.co/rygVzuJRqM

Polymath on Twitter ReadRead 

Blockpass on Twitter

We are pleased to announce our latest strategic partnership with @PolymathNetwork! “This represents our continued efforts to provide Polymath issuers with access to best-in-class KYC solutions like @BlockpassOrg.” said Kevin North, CEO of @PolymathNetwork. https://t.co/LhLFFN03Qv

Polymath on Twitter ReadRead 

Polymath on Twitter

It's #SecurityTokenSaturday What was your favourite development, or thing you learned this past week in Security Tokens? Articles, blog posts, announcements, thoughts off the top of your head?

Polymath on Twitter ReadRead 

Derek Manuge on Twitter

Crypto-assets are a strategic focus of the Canadian Securities Administrators. For those working in the crypto-assets space in Canada: https://t.co/BAyHnwI1SC @PolymathNetwork @getcorl @balance_canada @aCameronhuff @Crypto_Mags @APompliano @MarkYusko @ForbesCrypto @crypto

Polymath on Twitter ReadRead 

Polymath on Twitter

Things to consider when raising capital through an STO by Lukasz Wicher, Polymath's VP of Business Development & Partnerships https://t.co/wm4ZTj5xVN

Polymath on Twitter ReadRead 

Polymath on Twitter

Polymath Adds Sumsub to Service Provider Marketplace https://t.co/N55GgQPHKI

Polymath on Twitter ReadRead 

Polymath on Twitter

Technical blog post from Polymath developer @Mudit__Gupta, "Try Catch in Solidity: Handling the Revert Exception" Give this man some claps on Medium! https://t.co/GDKkRkn8dd

Polymath on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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