|16:05:01 IST, 04 Aug||₹19.39||↓0.21|
|13:05:01 IST, 04 Aug||₹19.60||↓1.60|
|10:05:02 IST, 04 Aug||₹21.20||↑0.25|
|07:05:02 IST, 04 Aug||₹20.95||↑0.46|
|04:05:03 IST, 04 Aug||₹20.49||0.00|
|01:05:03 IST, 04 Aug||₹20.49||0.00|
Polymath is a security token platform that provides users with tools that can facilitate the launch of financial services on blockchain and allow easy coordination between investors, in order to promote ICO participation.
In simpler words, it simplifies the legal process of creating and selling security tokens and makes a new token standard, ST20, which enforces government compliance. Investors need not to worry about the legal implications of the security falling in wrong hands with this new platform.
The current market cap of Polymath is ₹6,124,031,754 with a trading volume of ₹43,013,398.
Polymath began its trading at a price of ₹83.23 and performed well in the initial week. However, Polymath experienced a slight downfall on 6th February, 2018 and the price came down to ₹59.92. Later on 19th February, with the fluctuation in the market, the prices again hiked, showed a slight improvement and stabilized at ₹107.94 with a market cap of ₹21,68,33,66,550.00.
Despite of some instability in the crypto market, Polymath was trading well in the first week of March at a price of ₹74.79 with a market cap of ₹16,51,78,86,143.00. Nevertheless, the rapid rebound in the market affected the cryptocurrencies significantly in the month of March, thus leaving Polymath stabled at a low price of ₹28.09 with a market cap of ₹6,56,51,86,985.
Since 2013, ICOs have become quite a popular way of fundraising worldwide. In the past two years, ICOs have facilitated many businesses and entrepreneurs to raise more than 194 crores in INR. This has forced many government agencies, worldwide to analyse their security profiles and ensure whether they violate any existing financial laws.
Polymath is a security token platform that makes use of a blockchain-based system for providing users with tools that can facilitate the launch of financial services on blockchain and allow easy coordination between investors, in order to promote ICO participation.
It has a good online presence and active community members. It is the only security token exchange in the world, which allows ICO launching in a legal manner. Since the introduction of this new platform, it has gained a lot of attention within financial circles across the globe. And because it is the only platform to merge security domain with blockchain, it is sure to have a good future ahead.