The RWA sector is expected to catch up with the third wave of copycat sector effects. The recent wind has affected the RWA sector, and both ONDO and POLYX have experienced good gains.
POLYX's recent performance is eye-catching, with a single-day increase of more than 100% and it has appeared on Binance's gain list. This makes it one of the most watched digital currencies in the RAW circuit. This seems to indicate that Polymesh is ushering in a leap with unlimited potential.
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Token ONDO
$ONDO is an Ethereum-based ERC-20 token primarily used for governance and voting, with no other practical use cases yet. Related products using Ondo Finance also do not yet provide incentives for $ONDO tokens.
The total supply is 10 billion, and the current circulation is about 1.44 billion. The circulating market value reaches US$776 million, and the total market value is US$5.379 billion.
According to the Ondo Foundation’s proposal on December 27, 2023, the distribution plan of $ONDO is as follows:
Community sales: 2%
Ecological growth: 52.1%
Protocol development: 33.0%
Private placement sales: 12.9%
The all-time high price of $ONDO token is $0.6531 (March 8, 2024), the all-time low price is $0.08217 (January 18, 2024), and the current price is $0.4885 (March 20, 2024).
Track overview: The TVL of the RWA U.S. Debt Track has increased 6 times in the past year, becoming the main driving force of the RWA industry, showing broad development prospects. Ondo has achieved initial success in solving the compliance of U.S. debt on-chain, laying the foundation for the RWA U.S. debt market and is expected to become a blue-chip RWA asset in the future.
Industry challenges: The RWA track is still in its infancy and competition is fierce. Off-chain data is susceptible to tampering, and asset sponsors may face the risk of bribery audits and KYC third-party institutions. There is a lack of nationally recognized asset on-chain audit valuation and KYC processes, as well as unified asset liquidation and auditing standards. In cross-border cases, borrower credit assessment and the existence of local clearing agencies are also important challenges, and as loan size increases, so does the risk of bad debts.
POLYX's recent performance is eye-catching, with a single-day increase of more than 100% and it has appeared on Binance's gain list. This makes it one of the most watched digital currencies in the RAW circuit. This seems to indicate that Polymesh is ushering in a leap with unlimited potential.
What is Polymesh?
Polymesh is a blockchain purpose-built for security tokens, positioned as an institutional-grade permissioned blockchain with a specific focus on regulated assets. It aims to solve the challenges of governance, authentication, compliance, privacy and settlement, thereby simplifying traditional processes while providing a new financial instrument that goes beyond the ERC-1400 security token standard.
In short, Polymesh is a vertical public chain in the RWA track, focusing on supporting the tokenization of real-world assets and providing key infrastructure for high-quality projects in this field.
What are POLYX tokens?
POLYX is the native token of the Polymesh network with a total supply of 1 billion. In the Polymesh network, POLYX is used for a variety of purposes, including staking by operators and non-operators, for voting on governance proposals, and to pay transaction fees on the network. POLYX is a utility token under Swiss law, according to guidance from Swiss financial regulator FINMA.
Staking POLYX can earn you a certain percentage of the block reward allocated to the staker. For operators, they may need to stake a certain amount of POLYX to meet the minimum deposit requirements to qualify for running a creation node.
In order to maintain a stable environment for network operations, the inflation rate of POLYX is currently maintained at about 10%. This is to reward stakers and maintain a certain inflation attribute. However, whether the inflation rate should be adjusted in a timely manner to avoid excessive inflation needs to be decided through governance voting.
Does the name POLYX sound familiar? It is taken from the combination of the English words "poly" and "mix", which represents variety and mixture. Isn’t it very creative? The main purpose of this token is to help users perform "transactions", "transfers" and other operations in the blockchain world. It is said that the application scenarios of this token are very wide and the potential is unlimited!
Another particularly interesting thing about the POLYX token is that it has an interesting game mechanic designed into it. Users can earn tokens by participating in games. Isn't it interesting? While playing games, you can also "win" tokens, doubling the fun!
Key features of POLYX tokens include:
Cross-chain interoperability: POLYX tokens are designed to solve interoperability issues between different blockchains. It allows cross-chain transmission and interoperability of digital assets and data between different blockchains.
Decentralization: The issuance and trading of POLYX tokens rely on the decentralized properties of blockchain technology, ensuring security and transparency.
Security and privacy protection: The security and privacy protection features of blockchain technology help protect users of POLYX tokens.
Wide applicability: POLYX tokens can be used in various scenarios, including digital assets, data privacy protection, games and entertainment, etc.
Can I get on the bus now?
POLYX is a vertical public chain in the RAW track, covering the project development in two key areas of RAW and public chains. It excels in multiple aspects, with a compelling narrative, sound public chain deployment, and a healthy ecosystem. The circulation rate of POLYX tokens exceeds 90%, and the market value has reached US$140 million. The recent increase is also considerable, indicating that there may be more room for growth in the future.
Although there is some inflation, this inflation may be offset by ecological growth as the ecosystem continues to develop. It should be noted that the concept of the RAW track is relatively abstract and its implementation is complex. It requires the participation of more partners to enhance the credibility of the project. POLYX officially became a Binance node in April this year. This cooperation has also brought significant gains to it. As the ecosystem continues to develop, the value of POLYX tokens may continue to rise.
