Today we continue to talk in the order we have been talking about. The market has been so good recently that many projects have skyrocketed. For example, the project we are talking about today has increased from 0.12 to 0.42 in one month, which is 3 times. The current market value of the polymesh project has reached 300 million US dollars and is ranked 100+. It is also a layer1 of RWA. Let's analyze it.
Introduction
Polymesh is an institutional-grade permissioned layer1 blockchain built specifically for regulated assets, built on Polkadot, and is a customizable, upgradeable and interoperable blockchain platform built on the Substrate framework. It is built by a team with financial, legal and technical expertise, simplifying outdated processes and opening the door to new financial instruments by solving challenges in governance, identity, compliance, confidentiality and settlement.
Polymesh is headquartered in Toronto, Canada and was founded in 2016. Polymesh is a security token issuance platform that aims to use blockchain technology to launch compliant AML/KYC open source standards, and assist users in completing complex securities trading legal processes through smart contract audits, and efficiently and quickly create and issue tokens. Financial regulatory requirements will be embedded in the platform agreement to provide compliance guarantees for token issuance, while helping teams screen certified investors, connect to the developer market, and provide a one-stop solution for token issuance.
The standard protocol provided by Polymesh can solve the problems of security tokens that cannot be traded, cannot be regulated, have no interface (costly) and have no ecosystem (cannot get help), and create the world's first security token community that is fast, convenient and low-cost. Polymesh will enable virtual currencies to represent stocks in traditional financial assets such as private equity, stocks, commodities, venture capital funds and real estate.
Polymesh will include four layers: the first is the protocol layer that transitions from Ethereum-based smart contracts to the Polymesh blockchain, the second is the application layer that makes it easy for issuers to create asset tokens, the third is the legal layer of legal tools and services, and the fourth is the liquidity exchange layer.
main feature
Polymesh adopts a variety of innovative designs and functions to meet the special needs of the real asset token field. The following are the main features of Polymesh:
1. Compliance: Polymesh provides a complete set of compliance frameworks and tools, including identity registration, permission management, compliance committee, compliance rule engine, etc. These features allow real asset token issuers and holders to easily comply with various laws and regulations and make adjustments and updates when necessary. In addition, Polymesh also supports multiple types of real asset token standards, such as ST20, ERC-1400, etc.
2. Scalability: Polymesh uses a Proof of Stake (PoS) consensus mechanism called BABE, which can achieve efficient, secure and decentralized block production. Polymesh also uses a finality protocol called GRANDPA, which can achieve fast, deterministic and adaptable block confirmation. These technologies can enable Polymesh to achieve a processing capacity of thousands of transactions per second, which is much higher than public chain platforms such as Ethereum.
3. Confidentiality: Polymesh uses a mechanism called Confidential Security Tokens (CST) to achieve partial or complete confidentiality of real asset tokens. CST is a real asset token based on Zero Knowledge Proof (ZKP) technology that can prove the validity and compliance of transactions without leaking any sensitive information. In this way, the transaction data and holder information of real asset tokens can be selectively disclosed or hidden according to different needs and preferences.
4. Governance: Polymesh adopts a governance model called Politeia, which can achieve a fair, transparent and democratic governance process. Politeia is a governance mechanism based on voting weight and proxy weight, which allows participants of different types and sizes to initiate proposals, express opinions, participate in decision-making, etc. on the Polymesh platform. In this way, the development direction and major decisions of the Polymesh platform can receive broad community support and participation.
Compliance Audit
Polymesh's compliance audit was conducted by Sagent and his team. They provide digital asset issuance, trading platforms and data supervision, with the characteristics of "no prior transactions, fully legal and compliant". Sagent started data compliance and anti-money laundering (AML) work in 1998 and has rich experience in data compliance.
Ecology:
Tokenise – the first CSD, brokerage and exchange for digital assets – chose to build its infrastructure on Polymesh and has started creating digital assets
DigiShares — a white label tokenization platform — becomes first recipient of the Polymesh Ecosystem Development Fund to integrate Polymesh
Stably — a regulatory-compliant stablecoin infrastructure provider and creator of the USDS token — is working to launch the first stablecoin on Polymesh
ABC Tokens — a tokenized real estate provider — uses Polymesh to offer decentralized commercial real estate to investors.
team
Adam Dossa graduated from Oxford University in 2001 and began his career building trading, risk and regulatory infrastructure for Morgan Stanley. In 2012, Adam took a leave of absence to pursue a Masters in Machine Learning at Columbia University with a focus on statistical learning models and computational learning theory.
Trevor Koverko: Founder and CEO of Polymath. He was a professional hockey player, then turned into a serial entrepreneur and angel investor, and invested in multiple blockchain projects such as ShapeShift, EOS, Shyft, etc.
Chris Housser: Co-founder and Chief Operating Officer (COO) of Polymath, is a senior lawyer and entrepreneur who has worked in legal consulting and project management in various fields, including finance, real estate, and technology.
Thomas Borrel: Chief Product Officer (CPO) of Polymath, is a fintech expert with more than 20 years of experience. He has held senior positions in many well-known financial institutions and technology companies, such as Barclays, PwC, IBM, etc.
Token Economy
The current total amount of POLYX is 871,817,068, and the current circulation is 743,797,529 POLYX, with a circulation rate of 85.3%. The current coin price is $0.39, and the historical highest is $1.6579 (2018-02-19), so it is also in a relatively low range at present, and the team holds a relatively high proportion of coins.
Token Allocation:
Community Foundation: About 25%. The Community Foundation is used to support the construction and maintenance of the Polymesh ecosystem, including developer rewards, community activities, partner incentives, etc.
Team and advisors: approximately 20%. Team members and advisors are rewarded with a certain amount of tokens to incentivize them to contribute to the success of the Polymesh ecosystem.
Pre-sale and public sale: about 50%. Polymesh tokens are allocated to investors through pre-sale and public sale. The pre-sale phase is mainly for early supporters and investors, while the public sale phase is for a wider range of investors.
The on-chain data is as follows:
Total token quantity: 871.136 M Token pledge quantity: 421.87 M Pledge rate: 47.9% Inflation rate: 10.36%
Finally, let me summarize. This is also a member of the RWA project, but it is a public chain. The most important thing in the DEFI field is security. Although you focus on compliance, security is still the first priority. So I think it is not a very good idea to build a public chain. On the contrary, it is more direct to build applications, because Ethereum has been verified by large institutions after all, and it is very safe and reliable. Its selling point is that it is the first RWA project on the public chain. Of course, RWA is a super large market, so a small share can have a good return. Because the project is based on Polkadot, the real RWA assets on the chain cannot be found, but the current value of the pledged tokens has reached 160 million US dollars, which is actually quite a lot. Of course, this is also the result of a several-fold increase. In addition, we have also talked about a public chain on the Polkadot chain, which is Strax, which also does RWA. So as long as you are a public chain, you can actually do applications. From a technical point of view, it is actually not possible to say how big your innovation is.
