What the Heck is Polymath?steemCreated with Sketch.

in #bitcoin6 years ago

First, it might help to know what the word Polymath means. It’s a person whose expertise spans a significant number of different subject areas.

For example, Nick Szabo, one of the masters of cryptocurrency, is a polymath.
In the crypto world, we have Polymath, the securities token platform.

According to Polymath there’s two primary types of tokens. App tokens and security tokens.

App tokens, like bitcoin and ethereum, give you access to a decentralized network and are launched in unregulated crowd sales. Then there’s security tokens which represent traditional financial assets and need to be regulated.

Today, the app market at around $100 million, is twice the size of the security token market. Polymath expects that in a decade the app token market will be $500 billion while the security token market will be 20 times the size at $10 trillion.

They also argue that asset backed securities as tokens work great with the blockchain. The just function better, providing liquidity, instant settlement, very low fees and 24/7 trading.

Polymath wants to be the one stop shop for securities tokens on the blockchain.

It wants to do what Ethereum did for app tokens for securities tokens. It’s platform will be fueled by the Polymath token (PLY) and it will have a standard token system called ST-20.

The Polymath stack has four layers: the protocol layer, the application layer, the legal layer, and the exchange layer. You can check the investor deck here for all the details. But basically it’s a one-stop shop for issuing financial assets on the blockchain.

You will need PLY to issue securities on the platform and to interact with the platform. You can earn PLY by being a stakeholder.

The is a project in the works. The white paper is supposed to be released this quarter. The platform is slated to launch in October. And then Polymath plans on launching a new security token every week in 2018, aka 52 Tokens in 52 weeks.

If the securities tokens market does indeed reach $10 trillion then the Polymath token could be an exciting play. Keep your eye on this project.

For more articles on cryptocurrencies follow me @g-dubs.
Buy Bitcoin, Ethereum, and Litecoin at Coinbase.
Mine with Genesis – use code jWxfye for 3% off
Donate to the cause:
ETH – 0x37b355299c18574eb0422e8563afa0d1232cfccd
LTC - LPa4dc5hX5YzAeLT7nRQ86FDbayTEWPyUG
ETC - 0x08138bfb2f09e0a1dcefab325ef3fbc62528e771
DASH - XhFeGe65EyA3PajDDEQr8deTrV5bUcBkmg
Check out LBRY
Need help saving? Try Acorns


This came up very high in a Google Search for "polymath network". Nice article!

Yes, i came also from google to this article.

I also came to this article from google and just got myself some poly.. will hold with my other coins.

Very Informative Thanks!..

Very Informative thanks!.

Great article,
i'm looking for new "platforms" to ICO into and this one looks good as it can bridge all the gap between securities and blockchain. Imagine a quick and easy way for a company to raise shares via a token release? this could be massive

Upvoted and also resteemed!

Congratulations @imbritish! You won the raffle!
I have transferred the jackpot into your account!
Enjoy 💰💰💰

Wooohooo! Thank you :D

Thanks, I'm a quarter brit myself. Long live the queen!

Nice explanation, thanks for the article.

Polymath : we have a bull logo.

Im sold, hahahaha

Wall St + Crypto = $$$

I participated the airdrop; 250 free PLY -> about 280$ today o_O

Lol I'm not even sure if I signed up or not!

Wow! This is really a great post man. Lots of information on a rarely documented subject.

Impressed by your success lately!

Keep at it @g-dubs.

You're making steemit much better!

Thanks @frogtron, enjoy your posts too... hopefully work doesn't get in the way too much!

Brilliant post g dubs. a whole new platform sounds interesting, im going to following this now thank you!

Thanks Jordan, enjoy your posts and videos.

new platform. interesting

The tokenization of traditional financial assets could be huge.

What about polymeth? I think we have a problem with that in our town. I wouldn't touch it but sometimes I get 'poly-meh'.

Lol, yes laying off the meth is a good idea... unless you don't like money and your teeth.

You were lucky! Your post was selected for an upvote!

Thanks! I'll take all the luck I can get ;-p

Congratulations @g-dubs! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!



This post was resteemed by @resteembot!
Good Luck!

Learn more about the @resteembot project in the introduction post.

Thank you for share - will be a fun project to follow

Awesome Article :)

Great post you earned a new follower from @thefollower -_- Like money? Read my blogs for more!

Coin Marketplace

STEEM 0.21
TRX 0.06
JST 0.026
BTC 27986.73
ETH 1775.23
USDT 1.00
SBD 2.93