Question 1

What is it?

Accepted Answer

**The Token: Polymesh (POLYX)**
Polymesh (POLYX) is the native utility token of the Polymesh blockchain, a specialized blockchain platform designed explicitly for security tokens. POLYX is utilized for various purposes within the Polymesh ecosystem, including transaction fees and staking.

**The Platform: Polymesh Blockchain**
Polymesh is a purpose-built blockchain platform tailored for the creation, issuance, management, and transfer of regulated security tokens. Unlike traditional blockchains which often treat security tokens as an afterthought, Polymesh is designed with the nuances and complexities of securities in mind, aiming to address regulatory concerns and streamline compliance processes for businesses in the securities industry.

Question 2

What is it used for?

Accepted Answer

POLYX is intrinsically tied to the Polymesh blockchain's functioning. It is used to pay for transaction fees, incentivize validators through staking rewards, and participate in governance mechanisms, ensuring the continued security and decentralization of the network.

Question 3

Who created it?

Accepted Answer

Polymesh (POLYX) was created by Polymath. The founders of Polymath, the blockchain-based platform for tokenizing and issuing securities, are Trevor Koverko and Chris Housser The genesis block of Polymesh was launched in October 2021 by the Polymesh Association, a not-for-profit entity whose mission is to promote and develop technologies and applications for the Polymesh protocol and ecosystem.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	POLYX-USDT POLYXUSDT	binance	AA	0.03839USDT	1.32%	8,559,146.40POLYX	3,326	0.03790USDT	0.03860USDT
2	POLYX-USDT POLYX_USDT	gateio	A	0.03848USDT	1.64%	1,360,139.00POLYX	858	0.03786USDT	0.03851USDT
3	POLYX-TRY POLYXTRY	binance	AA	1.86TRY	1.09%	842,235.20POLYX	280	1.84TRY	1.87TRY
4	POLYX-USDT POLYXUSDT_SPBL	bitget	BB	0.03849USDT	1.56%	250,075.38POLYX	592	0.03790USDT	0.03850USDT
5	POLYX-USDT POLYX-USDT	kucoin	BB	0.03850USDT	1.32%	140,655.03POLYX	209	0.03800USDT	0.03860USDT
6	POLYX-USD POLYX_USD	cryptodotcom	AA	0.03762USD	-1.05%	17,034.00POLYX	9	0.03803USD	0.03815USD
7	POLYX-KRW KRW-POLYX	upbit	B	52.70KRW	0.76%	15,190,873.80POLYX	1,808	52.30KRW	53.20KRW
8	POLYX-KRW POLYX_KRW	bithumbkorea	-	52.51KRW	2.06%	2,248,640.41POLYX	359	51.45KRW	52.66KRW
9	POLYX-USDT POLYX_USDT	bydfi	-	0.03839USDT	1.59%	1,666,684.80POLYX	834	0.03780USDT	0.03860USDT
10	POLYX-USDT polyxusdt	huobipro	C	0.03839USDT	1.59%	555,899.61POLYX	368	0.03780USDT	0.03839USDT
11	POLYX-USDT POLYXUSDT	bitrue	D	0.03850USDT	1.58%	63,673.90POLYX	454	0.03790USDT	0.03850USDT
12	POLYX-USDT POLYXUSDT	mexc	C	0.03870USDT	2.38%	26,790.30POLYX	17	0.03780USDT	0.03870USDT
13	POLYX-BTC BTC-POLYX	upbit	B	0.0₆5200BTC	0.00%	0POLYX	0	0.0₆5200BTC	0.0₆5200BTC
14	POLYX-INR POLYXINR	coindcx	-	3.82INR	0.39%	730.08POLYX	7	3.81INR	3.85INR
15	POLYX-USDT POLYXUSDT	binanceusa	B	0.03730USDT	0.00%	0POLYX	0	0.03730USDT	0.03730USDT