In the recent half-month market growth list, POLYX, the leader of RWA, has increased four times in just half a month. It is also the blogger's most optimistic target in the RWA sector, with a market value of 179 million and a circulation rate of 84%.
Due to the large scale of the RWA synthetic asset protocol, which involves traditional stocks, commodities, real estate and other products, the most important thing for the protocol to truly grow bigger and stronger is compliance and supervision.
The POLYX synthetic asset protocol uses blockchain technology and smart contract management to reduce credit and transaction costs. Currently, the global market requires compliant protocols and projects that cooperate with regulators, which are the core of investing in RWA. Otherwise, the risk of breaking through regulation may be reduced to zero.
POLYX-Polymath Network
Polymath is headquartered in Toronto, Canada and was founded in 2016. Polymath is a security token issuance platform that aims to use blockchain technology to launch compliant AML/KYC open source standards, and use smart contract audits to assist users in completing complex securities trading legal processes and efficiently and quickly create and issue tokens. Financial regulatory requirements will be embedded in the platform protocol to provide compliance guarantees for token issuance. It will also help teams screen certified investors, connect to the developer market, and provide a one-stop solution for token issuance.
1. Project Application
The standard protocol provided by Polymath can solve the problems of security tokens being unable to be traded, unable to be regulated, having no interface (expensive) and having no ecosystem (unable to get help), and create the world's first security token community that is fast, convenient and low-cost. Polymath will enable virtual currencies to represent stocks in traditional financial assets such as private equity, stocks, commodities, venture capital funds and real estate.
Polymath will include four layers: the first is the protocol layer, which transitions from Ethereum-based smart contracts to Polymath's blockchain; the second is the application layer, which makes it easy for issuers to create asset tokens; the third is the legal layer for legal tools and services; and the fourth is the liquidity exchange layer.
2. POLYX Token
Polymath's platform token (POLYX) can be used as the "fuel" of the platform to pay relevant fees to those who issue assets on the chain. Polymath provides a decentralized protocol for trading security tokens; enables individuals and institutions to verify their identity, residency and certification qualifications to participate in security token issuance (STOs); allows legal representatives to quote and issue newly issued security tokens in a regulatory-compliant manner; matches issuers with developers, who can convert the issuer's security token parameters to generate ERC20-compatible tokens.
POLY is upgraded to POLYX at a 1:1 ratio (i.e. 1,000 POLY = 1,000 POLYX)
3. ST-20 Protocol
In order to clarify the compliance of all security tokens it operates, Polymath has developed the ST-20 protocol. The ST-20 protocol ensures the compliance of security token issuers while also ensuring the technical security brought by the smart contract framework on which the ST-20 protocol is based.
To maintain compliance, Polymath works with several law firms, and most importantly, with the compliance platform Vertalo.
Due to the rapid short-term increase, profit-taking surged out, causing a 40% drop in one day. This amplitude was enough to scare away many people. This explosive wash-out technique was really skillful.
Let's review TRB, which has risen more than 10 times recently, and see what the two have in common. On September 17, it fell 37%, from 49 to 25. Most people in the market got out of the market on that day. After the violent wash, it continued to rise. Now it has risen to around 120, and has risen 5 times. Friends should focus on stabilization. The first opportunity to reverse and pick up people.
It can be predicted that in the future, more DeFi projects will join the queue of "front-end and protocol separation" to achieve the original decentralized vision of encryption with a compromise. However, the strategy of front-end compliance and protocol openness satisfies the "control desire" of regulatory authorities. Whether it will affect the confidence of encryption users in the product is a question worthy of attention.
The above is the basic prediction for POLYX. You can decide the buying and selling operations by yourself. There is no 100% risk-free return in the market. If you want to wear the crown, you must bear its weight.
The second letter has the latest news about SSV!
On October 31, according to the relevant page information, the SSV Network community "Mainnet Incentive Plan" proposal has been opened for voting and will end on November 7. The proposal aims to create an incentive layer for the running SSV mainnet to promote the DVT adoption of the SSV network and the growth of the SSV network. The plan will last from epoch 232538 (approximately 12:03 am UTC on October 1, 2023) and will run for 1 to 12 months until epoch 314887 (approximately 11:57 am UTC on September 30, 2024). Each validator on the mainnet will receive SSV token rewards based on a tiered reward system.
Since the war in Israel, after the founder of the project joined the army, most of the people who participated in the investment in SSV have reduced their positions due to fear of the risk of force majeure. In fact, everyone is afraid that the founder will die! It has been a while since the incident fermented, and the project is operating normally. This negative impact will gradually fade with the normal operation of the project. I added a small position today. Those who understand will understand.
The above views represent only personal opinions and do not constitute any investment basis.
