thenewscrypto.com
- Polymath Network climbs over 200% as investors gain confidence.
- POLY is an ERC-20 token on the Ethereum blockchain.
- Netki collaborates with blockchain technology provider Polymath.
Polymath Network climbs over 200% as investors gain confidence. Polymath (POLY) is an Ethereum token that aims to facilitate virtual securities trading on the Polymath platform.
The Polymath platform enables users to issue tradable tokens that specifically developed to comply with securities laws to KYC complaint investors through smart contracts. Polymath is a security token platform that uses the ST-20 token standard to ensure compliance with government regulations when issuing digital securities.
More so, POLY created through Proof of Stake. Eventually, Polymath created the ST-20 token standard, it’s staked using POLY, which is an ERC-20 token on the Ethereum blockchain.
Current Market Status
According to Coinmarketcap, the trading price of Polymath (POLY) is $1.05, at the time of writing. The trading volume of $2,522,438 for the past 24 hours and POLY has surged to 133.21% within a day.
The chart shows the uptrend price over a Polymath (POLY) for the last 7 days. POLY has spiked 200% and they’re also more likely to reach more heights. The circulating supply of POLY is 621,061,480.54 POLY. Polymath (POLY) can traded in crypto exchanges such as Binance, Upbit, Huobi Global, HitBTC, and ZT.
Netki Collaborates with Polymath
Last month, the angel-based KYC-AML regulatory technology provider Netki is collaborated with Polymath, a blockchain technology provider to allow blockchain-specific identity verification for Polymesh, an approved blockchain developed by Polymath specifically for security tokens.
Furthermore, this partnership will help to protect against fraudulent account creation while ensuring the onboarding process to the chain is easy and efficient for global users. Therefore, the upcoming collaborations, upgrades, and announcements will lead Polymath to rise in price gradually. So the investors are more confident in POLY and we can also expect more bullish in the forthcoming days.