Polymesh is a permissioned blockchain network built for regulated assets, according to the platform’s website. The project aims to consolidate the obsolete processes regarding the security, compliance, and privacy of traditional financial instruments.
Polymesh was designed to address the challenges encountered when shares in private companies are tokenized on general-purpose blockchains like Ethereum.
Thus the platform has its mainnet and is the world’s first public blockchain built specifically for regulated securities. POLYX is the native utility token of the Polymesh network.
This article serves as your ultimate guide to understanding the Polymesh blockchain platform and its governance token, POLYX. I will dive into the major features, historical performance, and future price forecasts of the token. In the end, I will provide information on where and how you can purchase it, should you need it. Let’s get started without any delay.
Polymesh (POLYX) Key Features
The Polymesh project comes with a number of features that make it a unique value proposition in the crypto space. Here are a few of them.
| Governance | Polymesh uses a top-down governance model to prevent forking and provide guidance to the evolution of the chain. |
| Identity | Polymesh uses a due diligence process from the side of the customer to verify that the transactions are authored by permissioned entities. |
| Compliance | The platform is designed to process the complex logic needed to comply with regulatory guidelines. |
| Confidentiality | Polymesh has engineered a custom asset management protocol that allows the issuance and transfer of assets confidentially. |
| Settlement | By providing instant settlement without pre-funding, Polymesh simplifies asset transfers, also eliminating the need for frequent airdrops. |
Polymesh (POLYX) Tokenomics
The total supply of POLYX is 1.04 billion tokens. Of these, 832.86 million POLYX are in existing circulation. No maximum supply limit is set in place.
Polymesh (POLYX) Past Performance
At the time of writing, POLYX is trading for $0.4034, making up a market capitalization of 334 million.
These numbers are twice what was seen yesterday. The 24-hour trading volume is over $1 billion, nearly 50 times yesterday’s volumes.
Polymesh (POLYX) Price Forcast
Technical charts from the last month hint that the current market sentiment is bullish while the Fear & Greed Index is at 78 signaling extreme greed. The polyx token has recorded 17 (57%) out of the last 30 days in the green with a moderate 14.18% price volatility. Our experts think that now is a good time to buy POLYX.
2024: According to our analysts, the price of POLYX is expected to rise by 33.04% and reach $ 0.4564 by the end of next week.
2025: The polyx token price forecast for 2025 is between $0.3431 on the lower end and $1.741775 on the high end. If we compare the latter with today’s price, POLYX could deliver a return of 358.44% by 2025.
2030: Going to 2030, POLYX price is expected to fall between $1.0029 and $ 1.6261. Compared to today’s price, this will be translated into a 327.33% return for the investor who buys the tokens now.
Where to Buy Polymesh (POLYX)?
Thanks to its popularity, you have plenty of options to choose from if you are looking for a place to buy POLYX. So popular exchanges include the following.
How to Buy Polymesh (POLYX)?
Follow the below steps to buy POLYX from Binance Exchange.
- Go to the Binance smartphone app or the Binance website and sign up for a free account. Verify your account by completing the KYC process.
- Now, log in to your account and add funds to your Binance wallet via credit card or bank transfer.
- Navigate to the trading section and hit ‘buy crypto’. Check payment details and confirm the order before the system refreshes the price.
- Purchase a stablecoin like Tether (USDT) and follow the same steps to buy POLYX by swapping USDT.
- When the transaction is complete, your Polyx tokens will appear on your Binance account.
- You can choose to keep them there or move them to a personal wallet.
Conclusion
The Polymesh blockchain acts as a blockchain solution for the non-crypto financial ecosystem. Since its inception, the platform has attracted a good number of users, including institutional clients.
Its native token POLYX has been steadily moving up for a while now. Now, thanks to the ongoing crypto bull run, the token is getting some serious traction from investors. Our analysts are bullish about POLYX.
With everything considered, I want to emphasize that the cryptocurrency market is highly volatile, and shifts in market sentiment can significantly affect the prices of crypto assets, often deviating from their intrinsic value.
Readers must conduct thorough research before delving into crypto markets. Furthermore, I strongly advise against engaging in leveraged investments and trading with complex financial instruments.
