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What can you do with Polymesh?
Store/Hold Polymesh
Many users hold on to their Polymesh with the expectation of it increasing in value. You can store your POLYX safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Polymesh
You can trade Polymesh for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Polymesh trading to meet your needs.
Send Polymesh
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Polymesh online and send to anyone and anywhere with their Polymesh address.
Spend Polymesh
You can also buy goods and services with your Polymesh. More and more vendors and retailers accept Polymesh every day.
Donate Polymesh
Bitget Charity accepts Polymesh donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Polymesh so no one misses out on the growth made possible by blockchain.
Learn More About Polymesh
You can read more in-depth articles on Polymesh from Bitget Research and study how cryptocurrencies like Polymesh work on Bitget Academy
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What is Polymesh (POLYX)?
Polymesh is a blockchain platform specifically engineered for security tokens, which are digital assets subject to regulatory compliance. Unlike general-purpose blockchains, Polymesh addresses the unique challenges of security tokens by providing built-in compliance, identity management, and confidentiality features while preserving blockchain's benefits of transparency and immutability. Its native token, POLYX, serves multiple crucial roles within the ecosystem, enabling the creation and management of security tokens, facilitating governance processes, and ensuring network security through staking. Through its specialized design and regulatory-oriented approach, Polymesh aims to streamline the process of issuing, managing, and trading security tokens while complying with existing and evolving regulations in the financial sector.POLYX is the native protocol token of Polymesh, often termed as its fuel, enabling the creation and management of security tokens. It also drives governance participation among its holders and plays a vital role in securing the network through staking. Legally recognized as a utility token under Swiss laws, it provides access to the Polymesh blockchain infrastructure.
Polymesh (POLYX) Tokenomics
The tokenomics of POLYX are designed to facilitate various network operations like paying transaction fees, signaling on governance proposals, and staking on node operators. Its supply is governed by an algorithmic schedule, with a notable mechanism being the POLY:POLYX Upgrade Bridge, allowing a one-to-one conversion from Ethereum-based POLY tokens to POLYX tokens on Polymesh.
This bridge, however, will close on January 31, 2024. Additionally, new POLYX tokens are minted as block rewards with a maximum of 14% of the total supply minted annually, and to prevent continuous inflation, the amount of newly minted POLYX for rewards will be fixed once the supply reaches 1 billion POLYX. Through these multifaceted roles, POLYX is central to the operation, governance, and security of the Polymesh network.
Total Supply: 872,896,471Max supply: Infinite
How to buy Polymesh (POLYX)
Consider investing in Polymesh (POLYX)? It only takes 2 minutes to create an account on Bitget and start trading POLYX.
Check out POLYX on Bitget!
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Polymesh (POLYX) Resources
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