- Polymath Network’s value has increased by more than 200 percent as investors gain confidence.
- POLY is an Ethereum blockchain ERC-20 token.
- Netki has partnered with Polymath, a blockchain technology provider.
Polymath Network’s value has increased by more than 200 percent as investors gain confidence. Polymath (POLY) is an Ethereum token designed to facilitate the trading of virtual securities on the Polymath platform.
Through smart contracts, the Polymath platform allows users to issue tradable tokens designed to comply with securities laws to KYC complaint investors. Polymath is a security token platform that uses the ST-20 token standard to ensure that digital securities are issued in accordance with government regulations.
More specifically, POLY generated through Proof of Stake. Polymath eventually created the ST-20 token standard, which is staked using POLY, an ERC-20 token on the Ethereum blockchain.
Current Market Situation
At the time of writing, the trading price of Polymath (POLY) is $1.05 on Coinmarketcap. POLY has increased by 133.21 percent in a day, with a trading volume of $2,522,438 over the last 24 hours.
The chart depicts the uptrend price of a Polymath (POLY) over the last seven days. POLY has increased by 200 percent, and they are also more likely to reach greater heights. POLY has a circulating supply of 621,061,480.54 POLY. Polymath (POLY) is available for purchase on cryptocurrency exchanges such as Binance, Upbit, Huobi Global, HitBTC, and ZT.
Netki and Polymath Work Together
Netki, an angel-backed KYC-AML regulatory technology provider, collaborated with Polymath, a blockchain technology provider, last month to enable blockchain-specific identity verification for Polymesh, a Polymath-approved blockchain developed specifically for security tokens.
Furthermore, this collaboration will aid in the prevention of fraudulent account creation while also ensuring that the onboarding process to the chain is simple and efficient for global users. As a result of the upcoming collaborations, upgrades, and announcements, Polymath’s price will gradually rise. As a result, investors are more confident in POLY, and we can expect more bullishness in the coming days.