Polymesh
POLYX Rank #459Price chart
What is Polymesh?
Purpose and launch
Polymesh mainnet launched on October 28, 2021. The Polymesh Association supported its development as a Swiss nonprofit organization. The network builds identity and transfer-compliance functions into its base layer. Issuers can set restrictions for specific assets. Identity requirements for regulated assets are distinct from the treatment of the native POLYX coin.
Consensus and utility
Polymesh uses nominated proof of stake with permissioned node operators. Nominators allocate POLYX to support operators. Participation earns rewards and can incur penalties. POLYX also covers transaction charges and fees for native protocol functions. Holders can signal support for proposed upgrades through governance. Committees and the Governing Council participate in reviewing those proposals.
Issuance
New POLYX is created through network rewards. The reward model targets a 70% staking ratio. Annual minting is limited to 14% of supply before the one-billion-token threshold. Thereafter the annual issuance ceiling is 140 million POLYX. The model therefore has no fixed lifetime supply cap.
Where to trade POLYX
19 exchanges · top 10
Live spot quotes from connected exchanges
POLYX funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.