How much is the circulation of Polymath (POLY) coins?

Polymath's unique ST-20 token standard, modular architecture, and decentralized governance model set it apart as a leader in security token issuance and management.

Dec 30, 2024 at 05:17 am

Key Points

• Polymath's unique features and market value
• Polymath's total circulation and distribution breakdown
• Polymath's supply schedule and inflation rate
• Polymath's tokenomics and market dynamics
• FAQs on Polymath's circulation and market performance

Polymath's Unique Features and Market Value

Polymath is a decentralized platform specializing in security token issuance and management. Its primary focus is simplifying the process of creating and regulating compliant security tokens representing ownership or rights over real-world assets.

Polymath offers several unique features that set it apart in the cryptocurrency landscape:

• ST-20 Token Standard: Polymath's purpose-built ST-20 token standard ensures compliance with regulatory frameworks worldwide, enabling the issuance of security tokens with defined legal rights and obligations.
• Modular Architecture: Polymath's modular architecture allows issuers to tailor their security token offerings to specific requirements and regulations, enhancing flexibility and personalization.
• Governance Model: Polymath employs a decentralized governance model, enabling token holders to participate in key decisions regarding the platform's development and ecosystem growth.

As of January 2023, Polymath's market capitalization stands at approximately $300 million, reflecting its strong position within the security tokenization industry.

Polymath's Total Circulation and Distribution Breakdown

Polymath's total token supply is capped at 1 billion POLY. The circulation supply is currently around 600 million POLY, representing approximately 60% of the total supply.

The remaining uncirculated tokens are allocated as follows:

• Team and Advisors: 15% reserved for the core development team and advisors
• Ecosystem and Grants: 5% allocated to support the growth and innovation of the Polymath ecosystem
• Future Financing: 10% reserved for potential future financing needs

Polymath's Supply Schedule and Inflation Rate

Polymath does not have a fixed inflation rate or regular issuance schedule. New tokens can be minted only through governance proposals approved by token holders. The purpose of this mechanism is to ensure that the token supply remains stable and aligned with the demand for security tokens.

The current annual inflation rate for POLY is estimated at around 5%. However, it's important to note that this rate can fluctuate based on governance decisions and market conditions.

Polymath's Tokenomics and Market Dynamics

Polymath's tokenomics are designed to incentivize participation and drive adoption within the ecosystem:

• Transaction Fees: A portion of transaction fees on the Polymath platform is distributed as rewards to token holders, promoting network usage.
• Staking Incentives: Token holders can stake their POLY to earn additional rewards and support the platform's security.
• Governance Participation: Token holders have voting rights on key governance proposals, influencing the platform's direction and future development.

The demand for POLY tokens is primarily driven by the growth of the security token market and the utility of Polymath's platform for issuing compliant security tokens.

FAQs on Polymath's Circulation and Market Performance

• Q1: What is the circulating supply of Polymath (POLY) tokens?
• A1: The circulating supply of POLY is approximately 600 million tokens, representing 60% of the total supply.
• Q2: How is the total supply of Polymath (POLY) tokens distributed?
• A2: The total supply of POLY is allocated as follows: 60% in circulation, 15% for the team and advisors, 5% for the ecosystem and grants, and 10% reserved for future financing.
• Q3: Does Polymath (POLY) have a fixed inflation rate?
• A3: No, Polymath does not have a fixed inflation rate. The inflation rate is determined through governance proposals and can fluctuate based on market conditions. The current estimated annual inflation rate is around 5%.
• Q4: What factors influence the demand for Polymath (POLY) tokens?
• A4: The demand for POLY is influenced by the growth of the security token market, the utility of Polymath's platform for issuing compliant