POLY PRICE PERFORMANCE
The POLY coin is down by 98.28% from its all-time high. The cryptocurrency reached its all-time high price of $1.51 three years ago during the Bull Run of 2017. However, it has underperformed since then, and it is currently trading at $0.0479 per coin.
ABOUT POLYMATH
Polymath is a decentralized platform that makes it easy for developers to create and manage security tokens. The Polymath ST-20 standard integrates regulatory requirements into the tokens themselves, restricting trading to verified traders only, simplifying the complex technical challenges of creating a security token.
POLYMATH DEVELOPMENTS
Despite the decline in the value of POLY, the development team has been rolling out numerous updates and upgrades. Earlier this month, Polymath released the Polymesh Testnet II: Alcyone. It brings forward new enterprise features to help institutional users clear the roadblocks found on public, permissionless blockchains. They also launched the Token Studio on Polymesh a few months ago. The new Token Studio on Polymesh will be the gateway for users to create, issue, and manage their security tokens and can be tested now on the Aldebaran Testnet.
EXCHANGES POLY IS LISTED ON
The POLY coin is still listed on several leading cryptocurrency exchanges despite losing most of its value. POLY can be traded on Binance, Huobi Global, Upbit, Poloniex, Uniswap, and Bitfinex, among others.
INVESTORS
Several institutional investors have stakes in the Polymath project. Some of them include; Shibumi Crypto Capital Digital Asset Fund, NueValue Capital, VRF Capital, and more. The notable member of the team is Anthony Di Iorio, the founding Member of Decentral, Jaxx, and Ethereum. His contribution to successful cryptocurrency projects makes him an asset to this team.
TRADING VERDICT
Polymath is currently down by 98%, but the project remains active. They have been rolling out developments since the start of the year and are still active. It is also listed on several cryptocurrency exchanges.
