Polymath (POLY) coin issuance price, total amount and white paper introduction

The Polymath Initial Coin Offering (ICO) launched on March 1, 2018, selling 100 million POLY tokens at $0.50 each, raising a total of $60 million in 60 seconds.

Dec 30, 2024 at 12:38 pm

Key Points:

• Issuance Price:

  • Initial Coin Offering (ICO) price: $0.50
  • Pre-sale price: $0.25

• Token Distribution:

  • 200 million POLY tokens issued initially
  • 50% sold in the ICO, 20% to the Polymath Foundation, 10% to the team, 10% to advisors/partners, 10% reserved for partnerships and ecosystem development

• White Paper:

  • Published on Polymath's website in 2017
  • Outlines the Polymath platform, tokenomics, and vision for security token issuance

Polymath (POLY) Issuance Price

• The Polymath ICO was conducted on March 1, 2018, with an initial coin offering price of $0.50 per POLY token.
• Prior to the ICO, POLY tokens were offered in a pre-sale at a price of $0.25 per token.
• The ICO raised a total of $60 million in approximately 60 seconds.

Token Distribution

• The initial token supply of Polymath was 200 million POLY tokens.
• Of these tokens, 50% (100 million POLY) were sold during the ICO.

• The remaining 50% were distributed as follows:

  • 20% (40 million POLY) to the Polymath Foundation
  • 10% (20 million POLY) to the team
  • 10% (20 million POLY) to advisors and partners
  • 10% (20 million POLY) reserved for partnerships and ecosystem development

White Paper Introduction

• The Polymath white paper was published on the project's website in 2017.
• The paper provides a comprehensive overview of the Polymath platform, its tokenomics, and its vision for security token issuance.

• Key highlights of the white paper include:

  • A description of the security token issuance process, including the role of the Polymath platform
  • An explanation of the governance structure and token economics of Polymath
  • A discussion of the regulatory framework surrounding security tokens and the role of Polymath in facilitating compliance

FAQs

Why was the Polymath ICO so successful?

• The Polymath ICO was successful due to the following factors:

  • The team's experience and expertise in the blockchain industry
  • The strong demand for security token issuance solutions
  • The attention paid to regulatory compliance
  • The rapid growth of the cryptocurrency market in 2018

What is the long-term potential of the Polymath platform?

• The success of the Polymath ICO and the growing interest in security token issuance suggest that Polymath has significant long-term potential.
• The platform provides a much-needed solution for the issuance and management of security tokens, which are expected to play a major role in the future of the digital asset market.

How does Polymath compare to other security token platforms?

• Polymath is one of the leading security token platforms in the industry, alongside projects such as Harbor and Securitize.
• Polymath's key strengths include its focus on regulatory compliance, its experienced team, and its extensive ecosystem of partners.