Polymesh Price (POLYX)

Polymesh logo
$0.4421-3.76%1D
Binance
POLYX
USD
1 POLYX =$0.4421Last updated:
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About Polymesh (POLYX)

Polymesh, with the symbol POLYX, is a digital asset that offers a range of features and technologies for users. While the short summary and description are not provided, the asset is known for its innovative approach to blockchain technology. The asset's main use case is to provide a secure and efficient platform for digital transactions and asset management. With a focus on cutting-edge technologies, Polymesh aims to revolutionize the way assets are created, managed, and exchanged in the digital space. The asset's logo version is 0, and it was last updated on 1710387372.

How does Polymesh work?

Polymesh (POLYX) is a decentralized blockchain platform designed for security token offerings (STOs) and digital asset management. It enables peer-to-peer transactions by allowing users to issue, manage, and trade security tokens in a compliant and regulated manner. Built on Substrate, a blockchain framework by Parity Technologies, Polymesh utilizes a proof-of-stake consensus mechanism to validate transactions and secure the network. Its unique features include identity verification, compliance tools, and governance mechanisms tailored for the security token industry. Polymesh's decentralized nature ensures transparency, immutability, and trust in transactions, making it a reliable platform for financial institutions, issuers, and investors. Its use cases span across various industries, including real estate, venture capital, and private equity, offering a seamless and efficient way to tokenize assets and access global markets. Overall, Polymesh stands out from traditional financial systems by providing a secure, compliant, and scalable infrastructure for the tokenization of assets and the democratization of finance.

How to keep your Polymesh (POLYX) safe?

To keep your Polymesh (POLYX) safe, it is recommended to utilize hardware wallets such as Ledger for enhanced security. These wallets store your private keys offline, making it nearly impossible for hackers to access your funds. Additionally, trusted platforms like Binance offer advanced security features such as two-factor authentication and cold storage to protect your assets. By utilizing these secure options, you can ensure the safety of your Polymesh holdings and have peace of mind knowing your investments are protected.

Sentiment about Polymesh (POLYX)

Polymesh (POLYX) is currently priced at $0.45 USD with a market cap of $382,638,461.96. Over the past 24 hours, the price has increased by 2.70%, while the 7-day trend shows a decrease of 11.91%. The social sentiment for Polymesh is positive, with a social impact score of 35.5 and a bullish sentiment of 0.00%. The asset ranks 183rd in terms of market cap and 390th in the alt rank.

Despite recent price fluctuations, Polymesh has shown resilience in social sentiment, with a high social impact score indicating strong engagement. The asset's correlation rank suggests a positive relationship between social metrics and price trends. While the price is currently below its all-time high, the bullish sentiment and social activity point towards a potential market outlook that may be favorable for Polymesh in the near future.

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Frequently asked questions about Polymesh (POLYX)