Polymesh
Crypto Overview
Purpose and Utility
Polymesh is a purpose-built blockchain specifically designed for regulated securities and compliant tokenization of real-world assets. It aims to address the challenges of security token implementations on general-purpose blockchains by providing built-in compliance, identity verification, and governance features.
Business Model
The platform focuses on enabling the creation and management of regulated security tokens, with POLYX serving as the native utility token used for transaction fees, staking, and governance. The business model centers around providing infrastructure for compliant digital securities, which aligns with Islamic principles of transparency and legitimate asset ownership.
Real-World Adoption
Polymesh has established partnerships with several financial institutions and has multiple security tokens operating on its network. The platform is actively used for creating and managing regulated security tokens, with real asset backing and compliance mechanisms in place.
Development Activity
The project maintains active development, with regular updates to its core protocol and tooling. The development team consistently works on improving the platform's security, compliance features, and user experience.
Token Distribution and Governance
POLYX tokens are distributed through a combination of staking rewards and migration from previous POLY tokens. The project implements transparent governance mechanisms where token holders can participate in network decisions.
Crypto Impact
To assign a comfort level investing in Polymesh from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Polymesh.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.