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Cryptocurrencies: 1628
Market Cap: $286,609,574,918
24h Vol: $12,021,109,853
BTC Dominance: 40.15%

Polymath (POLY)

Market Cap

$106,831,396 USD

Volume (24h)

$3,608,810 USD

3.8
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Polymath Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Polymath Volume Ratio Rank: 3/100

  • Market Cap

    The total cost of all coins available.

    Polymath Market Cap Rank: 95/100

  • 24h Change

    Is the price moving up or down?

    Polymath 24h Change Rank: 51/100

  • Google Trends

    How many users are searching for the coin?

    Polymath Google Trends Rank: 25/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Polymath Twitter Citation Rank: 49/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Polymath User Voting Rank: 95/100

Polymath investment analysis

The Polymath investment platform has been created to account for non-cryptocurrency assets on the blockchain. This means stocks, bonds, private equity and venture capital can now be tokenized on the ledger. This gives the traditional financial markets a way to use the exceptional security and accountability of the blockchain for their own companies.

They can do so by using what POLY calls STOs. Corporations will be given a simplified and legally secure way to launch their own regulatory friendly tokens on chain, a service that will likely be very desirable in the near future.

current price
$0.386482
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

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Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

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Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

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by Safety
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by Profit
historical data

How to buy Polymath?

It's possible to buy Polymath on a few exchanges, but the options are rather limited, unfortunately. Ethereum and Bitcoin are the only viable trading pairs with enough liquidity to be worthwhile. Though there is a little volume for the Indian Rupee if that is your native government-issued currency.

POLY is an ERC20 token, and so you can store it in most any compatible Ethereum wallets. Make sure your wallet can store Ethereum tokens in addition to Ethereum itself. Some popular choices are My Ether Wallet or Meta Mask. In addition, several hardware wallets such as Ledger also support them.

Is it safe to invest in POLY now?

Until now traditional finance and blockchain assets have been considered separate from each other. While the United States government does classify cryptocurrencies as an asset for tax reasons, there has been some confusion as traditional assets like stocks or bonds do not have the ability to also function as a currency.

However, there are some very interesting technologies available on the blockchain that many of these traditional financial instruments can benefit from. To that end, if you invest in POLY, then you are also investing in the bridge they would like to build between legacy financial assets and the accountability of the blockchain.

The global securities market will be able to issue their own programmable tokens on POLY's chain. This means that they can become more efficient, and there will be more transparency thanks to the ledger. Essentially, Polymath plans to bring everything that's easy to use about the blockchain to real estate, the company issued stocks, government bonds, venture capital, equities and more.

Why would they want to do this though? For starters, a more efficient system like this is cheaper. This reduces the fees not only for the issuers but also for the traders. A platform like that can run 24/7 on the global market with very little infrastructure. It also can increase access to these securities for those who may otherwise not have access to these financial instruments, much like cryptocurrencies have recently done.

By utilizing the Polymath system these businesses will be allowed to access much-needed liquidity for their companies. In addition, the platform will make it easy enough that anyone can create a tokenized asset safely, and without the regulatory headaches involved with going it alone.

POLY has an exceptional team that is well versed in both traditional financial and cryptocurrency spaces. In addition, they have a very interesting team of advisors including Erik Voorhees of Shapeshift, Patrick Byrne of Overstock.com, Anthony Di Iorio of Ethereum and many other high profile figures in the crypto space.

They've also attracted some attention in the financial space and have been reported on by Forbes and Bloomberg, which means they're making the right connections. As far as social media goes it's a little quiet, but they seem to be making waves in other more important spaces. Polymath wants to take the "how" out of joining what is still a confusing space for many companies and individuals.

Their system is unique, and it creates valuable solutions to many problems that may not yet be realized. They take the benefits of cryptocurrencies and then apply them to more physical assets. This could have a multi-tiered effect on the entire crypto space when traditional finance players start to realize that the underlying digital technology is very valuable, and they may need to admit that the blockchain is more than purely a speculative asset, but a way for us to change the way we do everything in our lives.

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Ahyke 5/25/2018

Well, this one is the fusing together of two great industries to get something out of this world. On text, I think the idea is great and promising. However, taking you out of this context a little, money supply in monetarist economic theory holds that, money supply is the primary determinant of economic activities. Hence, the best way of determining a coin or token’s worth is its supply in-relation to its demand in the market, and not just its utility. Although Polymath is a security and utility token, it allows financial services to launch security token through ST20 blockchain, this utility in a way is one that has direct use in the supply of other coins, and hence, the supply of polymath should be affected proportionately. I see it growing to $10 before the close of this year. So investing now will be wise because it costs cent40 now and it's still growing.