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TürkçePolymesh Information
Polymesh is a blockchain platform specifically designed to address the unique needs of the securities industry, focusing on governance, identity, compliance, confidentiality, and settlement. Unlike general-purpose blockchains, Polymesh provides a streamlined infrastructure to facilitate the issuance and management of digital securities. Its design aims to reduce complexities and inefficiencies in financial markets while enhancing the security and regulatory compliance of tokenized assets.
Understanding Polymesh: A Unique Player in the Blockchain Space
Polymesh is an intriguing blockchain project designed specifically for security tokens. It aims to address the specific challenges associated with compliance, confidentiality, governance, and settlement within the financial securities market. Developed by Polymath, Polymesh operates as a separate blockchain, diverging from the Ethereum-based Polymath platform in order to offer enhanced features tailored specifically for regulated assets.
Advantages of Polymesh
One of Polymesh's most significant advantages lies in its customization for security tokens. Unlike other platforms that attempt to handle a wide range of digital assets, Polymesh is built from the ground up to accommodate the regulatory requirements of financial securities. This specialization potentially gives it an edge in markets where compliance is not just a preference, but a necessity.
Polymesh boasts a robust identity management system, ensuring that all participants on the network are verified and compliant with regulatory standards. This system simplifies the due diligence processes considerably, making it easier for enterprises to meet Know Your Customer (KYC) and Anti-Money Laundering (AML) demands.
The governance model is also a standout feature. Polymesh uses a council of industry stakeholders to drive decision-making processes. This collaborative approach ensures that the interests of various parties are represented, contributing to the creation of a sustainable ecosystem.
Challenges and Limitations
However, there are challenges inherent to Polymesh's approach. The highly specialized focus on security tokens, while advantageous, limits its applicability to a broader array of blockchain applications. This could restrict its adoption to entities specifically involved in or interested in security tokens.
Moreover, the requirement of identity verification, while beneficial for compliance, might deter users who value anonymity, a core principle for many within the cryptocurrency sphere.
Historical Performance and Market Presence
Polymesh (symbol: POLYX) has witnessed a fluctuating journey since its inception. As of the last update in October 2024, the current price stands at approximately $0.230. This is a significant reduction from its all-time high of $0.748771 reached in March 2024, marking a drop of over 69% from its peak value. Despite this decrease, the asset has seen resilience, having climbed over 130% from its all-time low of $0.099854 in September 2023.
The total market capitalization of Polymesh is substantial, recorded at $253 million, reflecting a strong presence in the market. However, like many cryptocurrencies, POLYX is subject to daily price volatility, evidenced by a moderate decrease in both price and market cap percentage in the last 24 hours.
Future Prospects
Looking ahead, Polymesh's future appears promising, especially if the adoption of security tokens within financial markets continues to grow. The increasing demand for compliant digital securities can propel Polymesh to become a preferred platform for these transactions. The blockchain's focus on regulatory-friendly features and its robust governance model positions it well to capture market share in regions where regulatory compliance is mandatory.
Nevertheless, the broader acceptance of Polymesh will depend on how quickly traditional financial institutions and new fintech ventures adapt to blockchain technology for security tokens. Strategic partnerships and further development in technology will be vital in Polymesh's evolution.
The project remains an exciting one to watch, particularly for those interested in the niche but potentially expansive market of security tokens.
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General Information |
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Title
Polymesh
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Symbol
polyx
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Whitepaper
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Website
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Community
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.256422
$
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High 24h
0.265242
$
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Low 24h
0.242261
$
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Price Change 24h
0.0055432
$
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Price Change % 24h
2.20951
%
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Market Data |
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Market Cap
288413243
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Total Volume
5179641
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Market Cap Change 24h
4524608
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Market Cap Change % 24h
1.5938
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
1126279452.0061
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Total Supply
1126279452.0061
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Max Supply
-
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Historical Data |
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All Time High (ATH)
0.748771
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ATH Change %
-65.65827
%
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ATH Date
2024-03-31 21:30
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All Time Low (ATL)
0.099854
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ATL Change %
157.51687
%
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ATL Date
2023-09-11 19:46
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