![]() ![]() 30, crypto traders heaved a sigh of relief as media headlines highlighted encouraging news about crypto acceptance and potential regulation. The total cryptocurrency market worth is currently $1.91 trillion, with Bitcoin dominating at 42.7%. POLY’s price and trade volume has increased as the protocol’s developers continue to upgrade and improve the network’s capabilities, while new ventures such as RedSwan and its commercial real estate marketplace open on the Polymath network. Its 24-hour trading volume increased from an average of $21 million to $544 million. According to data from Cointelegraph Markets Pro and TradingView, POLY rose 51.58% to a daily high of $0.772 on September 30 after hitting a low of $0.51 on September 29. The Association has been bootstrapped with $8 million USD and 250 million POLYX to offer grants and incentives to developers.Polymath is a decentralized protocol that runs on the Ethereum (ETH) network and is focused on building technology that enables the creation, issuance, and administration of digital assets on the blockchain. The blockchain is being deployed by the Polymesh Association – a not-for-profit organisation based in Switzerland with the mission to promote and develop the protocol and ecosystem. “The 4,300+ users from our Incentivised Testnet along with additional users looking to create security tokens and stake POLYX mark the beginning of the next chapter in security tokens. “We’re thrilled to begin welcoming users to the Polymesh mainnet,” said Graeme Moore, Head of Tokenisation for Polymath. In a landmark for security tokens globally, Polymesh’s native token – POLYX, was specifically designed to be designated as a utility token under Swiss laws, after collaborative conversations will the Swiss Financial Regulator FINMA. The Polymath team has used key design principles in the chain’s core to solve issues around identity, compliance, confidentiality, governance, and settlement. Polymesh has opened the doors for security tokens ![]()
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