What is Polymesh (POLYX)?
Polymesh is a blockchain platform specifically engineered for security tokens, which are digital assets subject to regulatory compliance. Unlike general-purpose blockchains, Polymesh addresses the unique challenges of security tokens by providing built-in compliance, identity management, and confidentiality features while preserving blockchain's benefits of transparency and immutability. Its native token, POLYX, serves multiple crucial roles within the ecosystem, enabling the creation and management of security tokens, facilitating governance processes, and ensuring network security through staking. Through its specialized design and regulatory-oriented approach, Polymesh aims to streamline the process of issuing, managing, and trading security tokens while complying with existing and evolving regulations in the financial sector.POLYX is the native protocol token of Polymesh, often termed as its fuel, enabling the creation and management of security tokens. It also drives governance participation among its holders and plays a vital role in securing the network through staking. Legally recognized as a utility token under Swiss laws, it provides access to the Polymesh blockchain infrastructure.
Polymesh (POLYX) Tokenomics
The tokenomics of POLYX are designed to facilitate various network operations like paying transaction fees, signaling on governance proposals, and staking on node operators. Its supply is governed by an algorithmic schedule, with a notable mechanism being the POLY:POLYX Upgrade Bridge, allowing a one-to-one conversion from Ethereum-based POLY tokens to POLYX tokens on Polymesh.
This bridge, however, will close on January 31, 2024. Additionally, new POLYX tokens are minted as block rewards with a maximum of 14% of the total supply minted annually, and to prevent continuous inflation, the amount of newly minted POLYX for rewards will be fixed once the supply reaches 1 billion POLYX. Through these multifaceted roles, POLYX is central to the operation, governance, and security of the Polymesh network.
Total Supply: 872,896,471Max supply: Infinite
How to Buy Polymesh (POLYX)
Consider investing in Polymesh (POLYX)? It only takes 2 minutes to create an account on Bitget and start trading POLYX.
Check out POLYX on Bitget!
Spot market
Polymesh (POLYX) Resources
Simple 3-step guide to buying POLYX today in Djibouti
Create your free Bitget account
Select a funding method
Complete your Polymesh purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Polymesh using a payment method of your choice:
Buy Polymesh with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Polymesh order.
How to buy crypto with credit/debit cardBuy Polymesh with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Polymesh is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Polymesh order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Polymesh order.Buy Polymesh with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Polymesh order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Polymesh in your Bitget spot wallet
Bitget—where the world trades Polymesh
How to buy Polymesh for free
- Learn how to earn Polymesh for free through the Learn2Earn promotion
- Earn free Polymesh by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Polymesh airdrops by joining On-going challenges and promotions
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