Built on the Ethereum blockchain Polymath has developed a new token standard, ST20 which can only be held by certain verified Ethereum wallet addresses and authorized investors.
With the constant restriction on initial coin offerings, Polymath wishes to provide Legal Security Token Offerings with a tinge of government compliance in it. This way, companies issuing security tokens need not to worry about their tokens being purchased by money launderers. To make this possible, Polymath ensures that all transactions are done using POLY, their native token as they merge inputs from token issuers, smart contract developers, and a reliable legal team.
POLY token is Polymaths coin name and is a standard ERC20 token. If one desire to acquire a token on this platform through a KYC provider then they need to have their identity and accreditation status confirmed.
Polymath is not mineable as since it can be purchased and sold to cryptocurrency exchanges with a total supply of 1 billion and a circulating supply of 276 million POLYs.
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