What is the issuance price and issuance volume of Polymath (POLY) coins?

The Polymath platform offers POLY coins, serving as its native currency for facilitating transactions and incentivizing ecosystem participation, with the initial issuance price set during its February 2018 token sale.

Jan 04, 2025 at 08:48 am

Key Points:

• Polymath (POLY) is a security token platform that streamlines the issuance and management of digital securities.
• POLY coins serve as the native currency of the Polymath platform, facilitating transactions and incentivizing ecosystem participants.
• The initial issuance price of POLY coins was determined through a token sale held in 2018.
• The total issuance volume of POLY coins is capped at 1 billion.
• Investors can purchase POLY coins through various cryptocurrency exchanges.

Issuance Price

The initial issuance price of POLY coins was determined during the Polymath token sale held in February 2018. The token sale was conducted in three phases: a private sale, a pre-sale, and a public sale.

• Private Sale: The private sale offered POLY coins at a discounted price of $0.40 per coin.
• Pre-Sale: The pre-sale offered POLY coins at a price of $0.50 per coin.
• Public Sale: The public sale offered POLY coins at a price of $0.60 per coin.

The token sale raised a total of $57 million, reaching the hard cap set by the Polymath team.

Issuance Volume

The total issuance volume of POLY coins is capped at 1 billion. This cap ensures the scarcity of POLY coins, providing stability and potential appreciation in value.

Purchasing POLY Coins

Interested investors can purchase POLY coins through various cryptocurrency exchanges. Some popular exchanges that list POLY coins include Binance, Huobi Global, and Coinbase Pro.

FAQs:

• What is the role of POLY coins in the Polymath ecosystem?

  • POLY coins are the native currency of the Polymath platform, used for:

    • Facilitating transactions, such as security token issuance and trading
    • Incentivizing ecosystem participants, such as validators and liquidity providers

• Is there a minimum investment amount for purchasing POLY coins?

  • The minimum investment amount varies depending on the cryptocurrency exchange used. Investors should consult the specific exchange for details.

• Can POLY coins be stored in a hardware wallet?

  • Yes, POLY coins can be stored in a hardware wallet for enhanced security. Ledger and Trezor are two popular hardware wallet options.

• Is Polymath regulated?

  • Polymath has taken steps to comply with regulatory requirements in different jurisdictions. The company has established relationships with regulatory agencies and formed partnerships with regulated entities.