• Polymesh is a blockchain making tokenization accessible for institutions.

  • POLYX is the native token of the project. The current use cases for POLYX include:

    • Transaction and protocol fees: POLYX is used to pay transaction fees and protocol fees for certain types of native functions (e.g. configuring a token).

    • Governance: Holders can influence the direction of Polymesh by bonding POLYX to proposals through Polymesh Governance.

    • Staking: Users can stake POLYX tokens on Polymesh node operators for a share of staking rewards.

  • The project consists of the following major components working in conjunction:

    • Standardized Asset Creation and Management: Polymesh incorporates the logic for the issuance, compliance, settlement, and lifecycle management of tokenized assets into the base layer of the chain.

    • Compliance Engine: A compliance engine lets users customize an array of compliance and rule-based characteristics to be automated and enforced at the token level.

    • Settlement Engine: Settlement is possible for both on- and off-chain assets through Polymesh’s on-chain settlement engine, multi-party transaction affirmation, and near-instant deterministic finality.

    • Smart Contracts: Smart contracts in Polymesh are written in ink! and permit users to build additional custom functionality as needed.

  • As of November 15th 2022, the total token supply OF POLYX is 522,161,895. The current circulating supply is 403,259,917.00 (~ 77.00% of the total token supply).

  • Learn more about the token distribution of POLYX here.