Polymath is a project that links traditional securities assets with blockchain technology. In other words, the project proposes “digitization” (“tokenization”) of the traditional securities market. The Polymath platform issues so-called Security Tokens, and the team also emphasizes that such tokens comply with all legal requirements of the SEC. The number of Security Tokens reflects the size of the user’s share in the project.
The POLY ERC-20 utility token provides owners with access to the project’s products. It is also used to pay for all transactions and services on the Polymath platform.
Let’s take a closer look at the POLY token on the CoinMarketCap rating (as of 24/09/2021):
The history of the project dates back to 2017. The founders were Trevor Koverko and Chris Housser. Polymath does not have a detailed roadmap for 2021. The team explains this by the fact that it is not engaged in predictions but simply acts as ideas arise. However, the platform’s official website has a very condensed roadmap for 2021. Let’s take a closer look at the 3rd quarter of 2021.
The launch of the Polymesh Mainnet was scheduled for the 3rd quarter of 2021. According to developers, Polymesh is a blockchain that was created specifically for regulated assets. This blockchain not only optimizes outdated processes but also solves a number of problems. These are public infrastructure issues that relate to identity, compliance, privacy, and governance.
Polymesh has its own POLYX token that protects and manages the blockchain. However, payments for any transactions or the use of smart contracts are made with the POLY token.
Security Token Specialist of Polymath announced that the target date for the launch of the Polymesh Mainnet is October 13.
Although the POLY token is not actively discussed on Twitter, the crypto community is making positive POLY price predictions for the near future.
Some crypto enthusiasts are predicting a fall of the POLY token price soon.
According to TradingBeasts, the POLY price prediction 2021 is as follows (as of 24/09/2021):
Minimum POLY price for 2021: $0.6309917
Maximum POLY price for 2021: $0.9363494
Average POLY price for 2021: $0.7457359
Year-end POLY price predictions 2021:
Minimum expected: $0.6367176
Maximum expected: $0.9363494
Average expected: $0.7490795
Based on WalletInvestor we can see the following POLY price prediction 2021 (as of 24/09/2021):
Minimum POLY price for 2021: $0.471
Maximum POLY price for 2021: $0.877
Average POLY price for 2021: $0.687
Year-end POLY price predictions 2021:
Minimum expected: $0.53
Maximum expected: $0.877
Average expected: $0.705
Here is the POLY price forecast 2021 as posted on DigitalCoinPrice (as of 24/09/2021):
Average POLY price 2021: $0.8815
Average year-end POLY price expected: $0.8125
TradingBeasts analysts believe the POLY token price could reach $0.98 by the end of 2022.
WalletInvestor experts suppose that the maximum price that POLY can reach in 2022 is $1.224 per token.
DigitalCoinPrice considers that the POLY token will start at an average price of $0.9429 in 2022, and by the end of the year, the average price will rise to $1.07.
According to information on WalletInvestor, the maximum POLY price in December 2025 could be $0.2716.
Analysts at DigitalCoinPrice suggest that the average price at the end of 2025 could be $1.98 per token.
All Time High: $1.66 (Feb 19, 2018)
All Time Low: $0.01075 (March 13, 2020)
Polymath issued POLY token on January 24, 2018. It started trading at $0.8. Polymath sold utility and security tokens in 2017 and has raised over $1.2 billion in funding. During the launch of the ICO in early 2018, Polymath successfully raised $207.33 million, with POLY selling for $0.4 per token. The token was listed on several exchanges after a few days of the token sale. On February 19, 2018, it reached its all-time high at $1.66. Since June 1, 2018, the POLY price has dropped from $0.746 to $0.095 by January 18, 2021.
Polymath is committed to providing a secure and easy-to-use securities trading platform built on the blockchain. The goal of the project is to do for securities what Ethereum did for ICOs and digital tokens. Or rather, make it easier for companies to launch transactions with securities. Polymath’s ultimate aim is to create a highly liquid securities market. Most importantly, the platform strives to develop its security tokens in accordance with all legal requirements. Now we can say that the project is confidently following the set purposes. Let’s follow Polymath development together!
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