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Heard about polymath recently. Apparently they are a one stop shop platform for securities token projects. Based on their site and doing some research, this is what I've deducted from their project:
 

-Connect issuers to investors
-Easy for non-technical issuers to launch security tokens
-Strong team and great list of advisors including 2 ethereum co-founders
-A network of KYC/AML verified users to transact securities globally
-Complies with regulations
-KYC baked into protocol
-Liquidity Support
-Application layer
-Legal support
-No technical skills required


Here's their deck: https://docs.google.com/presentation/d/1riV0ARjpGbYdaP2RetaXQkeiy4PaDDt0mN87zImLGCQ/edit#slide=id.g2a9a3733a2_167_325

site: https://polymath.network/

What does everyone think? I see this as a viable project.

Quick question: do they have an actual product yet, or just a white paper? How about a GitHub repository? Have you checked to see if the advisers they claim are actually involved with the project?

Interested in this project as well. From what I read about them, they will enforce SEC rulings int heir platform so that projects will reflect compliance. What's interesting is that when someone launches a token, they have legal support, which is nice.

From what I know they have an alpha (https://polymath.network/wizard/). These are all really good questions. I joined their telegram group to get my questions answered. https://t.me/polymathnetwork

Yes, I have been looking at this ico in particular. Their pre-sale in october did really well..

One thing to expand on is that they have a github of lawyers. I can also see that they eliminate the invisible wall between startups and VCs/investors. Thats a huge selling point for me

Does anyone know if PLY is a utility or security token??

I think you can find all of the info you're looking for in their deck: https://docs.google.com/presentation/d/1riV0ARjpGbYdaP2RetaXQkeiy4PaDDt0mN87zImLGCQ/edit#slide=id.g2498d113e5_13_0

Thanks for sharing, been waiting for the updated version. Any updates on their ico??

I have never heard yet about this project. Some minutes before read some information about it. It must some kind of a platform for ICO investors where they will chose the project and buy tokens. Interesting idea.

Been reading up a lot on this one. very fascinating project where companies can launch their own securities and accredited investors can invest. This is essentially becoming a newer, better stock market.

Finally finished reading their whitepaper and it's pretty thorough compared to basically everyone else's. I see a big industry that's relatively untapped atm. Going in for the team and idea itself.

I just found out about this project, he really impressed me, the documents and the team are impressive, I think it will be something new and undoubtedly successful

I will probably invest in this project, just need to learn more. It seems like they are hedging on the belief that crypto will become more regulated over the next few years? Does anyone think they can succeed if this is not the case?

Bad thing for an Average Joe is that he wont be able to get in, ico will be closed the same day when it opens. Little investors will beg to get in, but no, no soup for you  ;D

This is a good ICO. Strong team and good advisors who also consulted such ICOs like Quantstamp and Zabercoin. Those are people with experience so I am sure that their ICOs are gonna be a success

I went through their "wizard" on the home page to "claim my free poly tokens."  Free tokens?  Who doesn't want that right?  Then I get to question #3 which asks how I "see myself using the polymath network"

A. Launch my own security token
B. Join the qualified investors list
C. Be a legal delegate/KYC provider
D. Other

Yeah, I don't think avg joe can get in

I am on myself dislike the projects that are offering improvement of the technologies which are exist yet. Such processes are hard monitored. And it is no evidence if the project has any results or no.

I am looking at coinmarketcap more than 10 times a day, and probably i see their ads more than 4 times of those 10.

It is pretty annoying to see always the same kind of ads, but yes, i have made a little research about their ICO.

And they seem to be pretty honest, i like the model, the project and how they are going to run it out, and the developers are good people, i am on their telegram group.

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I dont know, maybe i will invest soon when the ICO gets release, not much money, only $1000 or so.

I think regulation will come somehow and someway. We also have to consider other countries and where they stand on regulation of crypto. For me, this project looks good because they can work with the government to enforce regulations or else it would suck to invest in a company and then have it get shut down.

something that they don't mention is that they're creating a stock market for securities, which is HUGE. Even if I can't launch my own security token on it, if they hit exchanges, you already know i'm buying some.

Im an avg Joe. And i signed A. Today i want to launch my Security token but what will be in the future... time will tell. It does not oblige you to anything.

I see their ad everywhere. I wonder what everyone thinks about it and how legit it is.

imo Polymath is pretty legit. really wish they didn't keep it private but I understand why they did it. they're breaking into a good sector that's untouched, so I see room for innovation and they're the ones leading it. I would join their telegram channel to follow them. https://t.me/polymathnetwork

The idea and model seems pretty impressive. I am quite new to the Crypto thing, although bought almost 10K BTC in 2009 for 20$ but they I missed the bus. Stock markets and securities have a definite issue trying to cope up with changing technologies and this brings in security in addition to the convenience and regulation for the investors. I have read about a few ICOs with tall claims. For this I can say, the concept is pretty good and sensible. If these people are honest, they are bringing a new change.

Bridging wall street to blockchain will be a big pillar of this tech's success. Securities will be huge and by bringing them in means regulations becoming more lax. That's something for people to think about. Polymath imo is a gem find because they're the first of their kind doing this.

Anyone signup for their airdrop?? So easy.

Team members has enough experience to rock the market and their ceo is also good one. Only thing is that they keep things so mysterious. They could start with more information providing to public before their airdrop. Will keep close eye on them.

I signed up for their airdrop. One of the easiest and less time consuming airdrop I've ever seen. If project goes as they plan, those airdropped toknes might be very valueable. So I advice you to participate in case you didn't do it yet.

Exactly how many tokens do you get for signing up?

I checked the survey and it asked if I would like a free token, rather than free tokens. Does that mean you only get one coin from the airdrop?

Apparently nobody knows, not even them judging from the comments on Telegram.

Just see the ads for this token on the coinmarketcap, sign up their site and join their telegram group.
Seem that it is potential project with good developers.

Agreed, but just based on simple observation, their mystery is probably due to legalities. I also think when companies are like this, they have really big news to share but are still in the works. Just found out on telegram that their platform is launching in like 20 days!  :o

Don't forget to join the airdrop guys and their email signup. Got an email today saying that they're hosting Polycon that has Anthony Di Iorio and the CEO of overstock there to speak. Really wish I could make it.

Something I do like about polymath is that they already have firms ready to tokenize. Most of the time the hardest part is getting people to use your platform. Looks like they're really plugged into the finance industry. Just the fact that they're getting into securities and are the only ones doing it already seals the deal for me.

Someone made the survey and signed up?
What do you get after. The preSale is already over right?
Where will it be launched at which exchange

Yes it is. I really hope they hit exchanges. Haven't announced which ones, but the airdrop will be the end of this month.

There is another coin similar to this Globitex. As far as i understood the minimum presale order is 10k €/$ or equal in BTC ETH=
Am i correct?

Guys polymath is a big deal, especially what they're getting into. Don't think a lot of people realize how big securities will be this year. Just think about the trillions in wall street/stock market being transferred onto the blockchain. Blows my mind. This is a great project to be getting into.

First post...

I've been following Polymath for months and I'm eagerly awaiting their launch in the next couple weeks.  The white paper is exciting and thorough. I believe in their concept and I think Polymath will be largely successful.  That being said, I'd like to be as prepared as I possibly can when the PLY enters the secondary markets.  Word from Polymath is that the free airdrop should take place between Jan 18 and Jan 31.  I imagine they'll be roughly 100K/1 Billion PLY freely distributed by the company.  Early investors and employees will aslo be vested token (mostly likely hundred of millions).  Couple questions that I'm hoping someone can answer.

Who is entitled to the rest of the tokens?  Will Polymath distribute to exchanges?

Since you can not buy PLY directly from Polymath you'll have to purchase PLY on exchanges.  Any word on which exchanges are preparing to support PLY?

Around what date can we expect to see PLY on the market?

Any information relating to Polymath would be greatly appreciated!

Been wondering the same things about Polymath. It seems like everything is pointing towards exchanges tbh and that gets me really excited. In terms of everything else, I think they're keeping under wraps. All I know is that token distribution is this month and hopefully the airdrop too. They have an announcement telelgram channel now: https://t.me/polymathnews

It a good project  with much potential.  They Have good and experienced advisors, that also partake in similar security  project like quantstamp. They are really  committed  to marketing that have ads on coinmarketcap website

How is this different from Quantstamp? Is this gonna provide auditing too? Saw this popping up in etherscan.io quite frequently.

So there is no crowdsale for Polymath?
I have read through all information I can find about this project.
Very impressive! It would be a pity if I can't invest into this one.

Just looked thru whitepapers...and haven't notice the road map ::)
Can anyone know it?

just registered and waiting for distribution date.hope it is successful.

I like free.

I really like Ethereum, ripple, stellar, LTC, and DGB. I think this is the best coin right now from other coins. This coin has a great future and a good project. every developer always gives the best update. and has a short update distance. so I believe this coin is good and this is my favorite.

I spent some time reading the deck and whitepaper as a potential investor.  I thought I would share this with the forum to help democratize access to sometimes difficult analysis or information.  

There are a few issues:

Two Token Types

There are two token classes, one for the platform user (called POLY tokens) and one for the issuance of securities in the underlying investment (called an ST-20 token).

• The ST-20 tokens can only be purchased by accredited investors and subject to AML/KYC.  In the US this means $1M net worth, and $200k income in the last two years as per Rule 501 Reg D of the CFR.
• The POLY tokens should be tradable by non-accredited investors, since they are used for payments made on the platform to service providers.

Token Liquidity and Value Problem

• The ST-20 market is expected to be fairly illiquid, because there are an extremely limited number of individuals that would qualify.
• Tokens issued to US holders are non-transferrable for 1 year, and thereafter can only be transferred to a US person, and all tokens must be transferred (i.e. cannot fractionize or retain partial ownership of ones tokens, it's an all or none deal)
• The POLY token market would be near worthless to anyone that is not a service provider on the platform.
• The whitepaper negates to discuss if these tokens can be converted to other currencies like ETH.  I assume they can, otherwise the devs that build the ST-20 tokens, would not be able to spend their earnings to pay for living wages, etc.

The Whitepaper attempts to address ST-20 token liquidity by saying they are based on ERC-20 tokens and the protocol is open therefore it can be listed on any exchange.
However the protocol also governs the exchange of tokens to AML/KYC and SEC (or other regulating body) verified addresses only.
This creates a problem with a traditional exchange, since many wallets and addresses are dynamically generated.  Even if they are prefixed, it would require a "KYC Provider" to verify each address for each accountholder, to provide the necessary permissions to allow the protocol to send the tokens.  So each wallet address would have to go through an outside approval process to be generated.  Further to this, the exchange would have to prevent trading of the ST-20 tokens until this is done.  So the UI would have to gray it out and a business rule built into the exchange to make sure they're not accidentally allowing trading of the regulated ST-20 token.
Every exchange would have to set this up for every ST-20 token company issuance, since the KYC/regulation parameters will vary based on the company location and local laws, plus the local laws of the investor.

Do you think an exchange that is accustomed to trading hundreds of millions per coin, will go through the trouble of all of this effort to open up a market to a very very small group of qualified investors for each ST-20 token out there?  And if you're a US investor, then you're out of luck, because you can't sell partial shares.  You have to sell the whole lot, so the exchange would be useless.

Other Flaws

The whitepaper says that the Polymath platform doesn't "see" who the investors are.  The KYC Provider is the one who will have access to this information.  However, for proper notices, like Change of Control or other information that needs to be conveyed to investors as per local regulation, the individuals themselves need to be contacted.  If the tokens are trading hands, who keeps track of who owns what and how many shares, especially if you have a free market of service providers, some that might come and go as they please.

Poor Use Case for Blockchain Technology

What is the advantage of creating an ERC-20 token and have the transactions recorded in the blockchain?  Blockchain is great for verification of transactions and the movement of assets or data.  But if the market is expected to be illiquid, and the protocol needs to know who each individual is for the above reasons, then the platform is almost utilizing none of the benefits of the blockchain.  In fact, a better way would be to centralize the issuance so that all investors are known, KYC/AML can be verified by a single body, and the capitalization table is always up-to-date.  

Also, for securities sales, the SEC limits the maximum number of investors to be 99 individuals.  In fact, organizations like AngelList have written about this issue.  They called the "99 Investor Problem"  You can't have more than 99 investors at any point of time in a private offering without structuring multiple entities.  So basically you need a very few people to own and trade very large amounts of money, to make this work.  


I Could Be Wrong

Despite my expertise in this field, I could still be wrong.  I could be incorrect in my interpretation of the whitepaper.  I could be incorrect on the possibility of a secondary market.  I could be wrong on the information I have to derive my analysis.  Polymath could still choose to illegally allow for second hand trading, allowing more than 99 individuals, etc.  Many companies already are operating outside the bounds of regulation in the token market.  Polymath could also ignore the regulated markets entirely, especially the U.S. and choose to only allow its platform to function for companies and investors in specific, whitelisted countries.

Hey fearless, we love the feedback and the thought process. Securities tokens are definitely a new and novel space and education is definitely needed for everyone.

I will clear a few things up:


This is not necessarily true. Depending on the type of offering, investors may not need to be accredited. For example, look at Reg A+ offerings in the United States. Accreditation status is not required to participate.


This is one of the problems Polymath is trying to solve. Right now private equity and vc funds are extremely illiquid. ST-20 tokens will provide added liquidity for these otherwise dormant 'markets'.


You are right. Traditional exchanges do not list securities. They are not an ATS, broker-dealer or licensed securities dealer. New exchanges and avenues are being created to tackle this. Polymath is the on-ramp for securities token issuers and these new exchanges can provide added liquidity. If old exchanges want to add securities it would be in their best interests to follow all regulations and licensing. See this article: https://www.crowdfundinsider.com/2018/01/126977-interesting-tzero-partners-polymath-initial-coin-offering/



The KYC/AML provider does not have this information. The issuing entity does. If an issuing entity uses or particular KYC provider, or does it in-house, it is the issuing entity that is able to verify who everyone is that holds their security token, based on ether address. No one else is able to see this information...the only thing that is transparent is the "whitelist" but there is no information to the public about who controls each ETH address in the whitelist.

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In general, there are many different types of offerings and regulations. The 99 investors you mentioned is one type. Polymath is creating the protocol to allow issuers, investors, legal delegates, kyc providers and smart contract developers to interact together to create, issue and trade securities tokens. It is up to the issuers and legal delegates to determine which type of offering best suits their needs and to ensure the rules of those regulations are followed and baked in to the STO as much as possible.

"WHO IS POLYMATH?
Polymath is a decentralized network operated on the Ethereum blockchain, it is powered by individual participants such as legal delegates, KYC providers, issuers, investors, and regulators who are incentivized through POLY tokens to enforce bad actors." - faq

Got to enforce those bad actors. Is that a Freudian slip?

Great project! Thank you Polymath team for answering those concerns. very excited for what's to come for Polymath! Keep the stampede coming.  ;D

i cant understand why every one is copying DRP idea

Their KYC having a passport-only requirement instead of using the scores of other legal ID available (such as driving licenses) is ludicrous.

Valid companies and entities can also check other countries' databases (such as the UK's DVLA) for ID confirmation (transnational companies for things such as driving, freight, and gambling do this regularly), so not being able to access these databases isn't a valid excuse.

This either reeks of laziness or incompetence, but I'm betting on the former since one of the messages in their Telegram involved the ease of using one company that exclusively uses passports.

They're also actively censoring their subreddit against criticism, especially regarding their botched airdrop.

They're not a scam: I genuinely believe that Polymath is legit, and they've got a lot of potential, but frankly this recent episode just poured whatever confidence I had in them being entirely competent down the drain.

Your passport if floating around from person to person, across the internet, and you guys are actually doing this?  NEVER send your passport to anyone over the internet guys.  The people who are sending in theier personal documents to strangers over teh internet are the ones we read about in the news losing everything from identity theft or even worse if the passport gets in terrorists hands. 

Use your brains guys and do not send in your passports.

When 50-70% of the projects are scams your going toget burned after a few times of being this careless.  THINK

Edit: sorry wrong thread  >:(

people are already receiving their Poly token. Thoughts?

Looks like they were quite the buzz at the bitcoin conference in miami. Big things ahead for Polymath especially with tZERO.

Raising in the U.S. through Reg A+ requires registration with the SEC.  Is Polymath registered with the SEC?  If not, then it falls under Rule 501 Reg D.
The ST-20 token in itself doesn't provide the additional liquidity - it is the second hand market that does that, whether it be an exchange or other medium to freely trade the tokens.  Having the token by itself with no market to trade in, is the same is having a piece of paper with shares of ownership.

I think in addition to the above, the many other things I've highlighted need to be addressed in order for Polymath to see wide-scale, meaningful adoption.  That doesn't mean the company will not have the ability to generate value in the token from hype or marketing, just look at Tron.

Big project where I see a lot of momentum coming from them. Lots of news and partnerships forming. The shift from wall street onto the blockchain will be the easiest through them.

Polymath is one of those projects that shifts the whole landscape of an industry. interested to see how they execute. other than that, I'm all in

I really wish the crypto community would spend some more time performing due diligence and analyzing ICO's and token releases more critically.

Just as you would if someone asked you for your hard earned money to invest in their business - you should have the same level of scrutiny when putting cash into a new coin.

I spent some time listening to Trevor Koverko speak.  He was an early investor in Bitcoin, Ether, and SALT - like ICO stage early.  He's very well spoken and knowledgeable about macro trends in crypto.  No doubt, he's got big capital from his early investments.  Him and his team have built solid in-roads into the crypto community, as he's known many of the well publicized  players for quite some time now (Charlie Lee, Roger Ver, Brock Pierce, etc.).  I think there's a good formula for short term success, because there's high potential for the marketing effort to drive interest, but the long term plan is where things fizzle out.

When asked about US specific regulations (SEC), he has always dodged the question.  It is clear they haven't figured this out.  I'm not surprised - it's complex.  Look at AngelList, one of the most prolific structured syndicates.  They haven't figured out the best way to address investments into companies as a result of SEC regulations, a struggle they call the 99 Investor Problem.

I prefer to index towards CEO's and founders that are highly technical, like Vitalik.  The guys that can author the protocol in low-level code, from the ground up.  In the same sense, I am more careful with CEO's that are great salesman, like Brock Pierce, Roger Ver, Justin Sun and Trevor.  These guys associate with people like the guy that shows off his garage full of books and Lambo's (you guys know who I'm talking about).  I'd rather see them have intellectual conversations on Medium with Joseph Poon or Jimmy Song. 

It is clear too, that Korea, China and possibly Japan will join the list of countries that ban ICO's.  These are some of the largest crypto markets, when added with the US, that is basically 85% of all crypto volume.  If they can figure out a way around this, this can be a successful coin.

I have no doubt that Polymath will succeed with their execution. They have the right partnerships and team to make it happen, plus they're the only ones doing this. Excited for the 31st

This Canadian company promises to simplify the ICO process, and this sounds great. I am not a great fan of ICOs, but this one does not seem to me a scam. Here is some information about it:
https://www.youtube.com/watch?v=hGM2VGst6wk

I'm sure we will get more info on the 31st. projects like this one need time. I like that they're very active with announcements. Saw their partnership with Selfkey coming. 2 great projects. http://www.valuewalk.com/2018/01/polymath-selfkey-icos-blockchain/

That is good news for both of them.
I participated in SelfKey pre-ICO. It is a great project with solid team and product.
Unfortunately there won't be any ICO for Polymath, otherwise I will certainly invest.

People have submitted their KYC for receiving their tokens, so I sincerely hope that they will understand the value of this token and hold it dearly.

I do and already received my 250 POLY tokens. What's even better is that their platform is launching on the 31st

Possible scam project for me. There are too many FUD around Polymath and i will never buy a single polymath for sure.
There is no smoke without fire inside. So i will not buy for sure.

You are correct OP because something need to be done to fix the problem associate with ICOs cause this was also among the reason why the Visa card CEO suspend working or processing crypto related transaction because he believes crypto market are immature.

So, does anyone understand what their plans are for distributing the tokens they didn't airdrop? as in the other 99%?

I can't find any information about this, and they refuse to answer via email - yet, large players are already clearly hitting the markets with way more than the 250 coins per airdrop allows...

I received my 250 tokens in my wallet today!

they demand kyc for airdrop, straight up id theft

STAY AWAY PEOPLE

I think requesting KYC will be a must when you participate in ICO projects or airdrop programs and bounty projects later on. It is necessary to verify the identity of the investor in the project to make the project more transparent. I think the initial requirements will help the project grow more sustainably, which is something you should consider joining Polymath.

So I'm guessing right now is not a good time to buy since people are dumping their airdrop tokens? What was ICO price per token approx?

Is polymath listed on exchanges already?  :o

It's selling on IDEX and the price already dropped like 65%

Thats ways to cheap. Just HODL strong your POLY, wait for bigger exchanges and until POLY is well distributed and all dumpers would to regret  ;)

where you can see the road map? what price was originally on the ICO? sorry for my english

People literally gave away their identities to sell it and earn like what $20, $30 maybe? That is very stupid. I got my tokens too but really have no insight into the whole thing yet. First saw the ad in etherscan, then joined the airdrop. I saw that the supply is 1 billion (or maybe 10, dont remember) and 75% is held in one wallet, millions in other wallets and only 250 for each kyc participants. A lot of these startups are suddenly appearing now and all these terms involving security and all are jackshit really and I wonder where this thing goes or what they plan to do.

They claim there is no ICO for this, only airdrop to 50000 people, 250 POLY each. Dont take my word on it though, this whole process seems pretty shadowy and mysterious to me for some reason.

I think that creating blockchain to legally compliant securities is very important and actual for nowdays requests. I attentionly read the whitepaper and it seems to me pretty honest.

It's a securities entering in blockchain. securities like UITF, Mutual Fund, Bonds..

securities are where it's at tbh. Anyone see that people are selling POLY tokens? they're even listed on cmc: https://coinmarketcap.com/currencies/polymath-network/

And I want to point out that many of us really enojoyed the airdrop! So yes, this was a good project indeed ;)
Ps: yes, the trade is available on etherdelta.

Who knows where the polymath community is talking about? I am in telegram chat but talking there is locked...



Maybe news about other exchanges? A coin with an attention like polymath should already be listed on mayor exchanges IMO...

 :) Interested in this project as well. From what I read about them, they will enforce SEC rulings int heir platform so that projects will reflect compliance. What's interesting is that when someone launches a token, they have legal support, which is nice. :)

 :)  Interested in this project as well. From what I read about them, they will enforce SEC rulings int heir platform so that projects will reflect compliance. What's interesting is that when someone launches a token, they have legal support, which is nice. :)

I don't think they're a scam project. Polymath imo is a great platform especially for what they're getting into. They seem very plugged into the industry as well. Lots of credibility. If they were a scam, they would've scammed everyone already lol

Polymath one of the few Airdrops of a coin that immediately after the sale cost good money!

Right? I wonder what and when they're going to make their next big announcement. One of the best projects this year hands down.

Nobody knows about new exchanges? marketing for polymath is great, but a few weeks after the launch I would have expected bigger exchanges...

Anyone see that they partnered with Agrello and Identitymind Global for AML/KYC on their platform??

https://www.banklesstimes.com/2018/02/12/security-token-issuance-platform-polymath-announces-new-partnerships/

don't forget that poly is now listed on kucoin and they also partnered with Agrello for KYC/ID/contracts

https://www.stocksgazette.com/2018/02/13/does-underfollowed-agrello-dlt-deserve-your-attention/

Good news. Finally polymath is listed on one of mayor exchanges, even if i prefer others, but the volume at kucoin will help polymath growing...

Yeah and it already did over the past ~2 days, superb performance

Polymath canceled its ICO and decided to give airdrops of 250 poly tokens to its whitelist applicants.

If I had not gotten the airdrop I would have invested a good portion of my portfolio into this tokens but I still see myself doing that because POLY just got listed on binance and when tokens get listed on big exchanges the value always rises and I believe it will too.

Overall I think It is a good project, although this is my personal opinion and not an investment advice.
Please do your own research.

IMO cancelling ICO and spread token via airdrop was very smart from Polymath team. So they have reached a lot of people and built a great community. There is an official telegram group where people talking about polymath? I can find "polymath news" only..

Polymath is a project that allows you to create security on blockchain with ease. Because we do not know for sure, which is free even bring good luck and that we buy even so stumps like ICO tokens.

How the new Polymath tokens are created?For example if i hold my tokens i get any reward?

I'm part of their group. Here's the link: https://t.me/polymathnetwork

Oh, thank U very much. I am not sure why, but it seems i am banned of this group...  ??? ::)

Odd....people were getting banned for FUD. Try messaging admin? I know Graeme is in there. username is @graememoore
they also have an announcements channel too: https://t.me/polymathnews

Very interesting discussion, especially on the first page. At the end of the day this project just feels too centralized to utilize the benefits of blockchain, and as another poster stated, it may as well just be centralized to begin with.

Here in my opinion would be an ideal project -

ICOs, instead of issuing utility tokens, would issue tokens that hold an equity share in the company - these tokens will be forced to distribute real profit of the project company, and confer real voting rights and potential ownership changes. Now, to make this applicable to blockchain, all of this should be dencentralized, not centralized. And furthermore, the equity nature of the tokens must be enforceable in a decentralized manner. We can use any platform like Ethereum. Now here is how it would work: All issued security tokens (let's call them "ST-20" tokens for simplicity) would be on this platform. Now, the project launching the ICO's parent company's bylaws and constitution would specifically state that the ST-20 tokens are to be classified as shares. The company must be incorporated in an offshore jurisdiction, not the United States, that would respect such a unique contract and also avoid the regulatory bottleneck in countries such as the US that don't allow such open and free contracts.

Now, since it's specifically stated within the company's bylaws that ST-20 token holders are the shareholders, and the blockchain that stores the ST-20 tokens would be decentralized, there is in essence nothing the company or anyone else could do (not even the ST-20 blockchain) that could prevent this. In essence, we'd have perfectly decentralized security tokens ownership.

I look forward to a platform that may achieve this.

Ask the "wrong" questions they do not like and get banned, what a good way to channel your bs... there is no discord people share information to stay informed and educated not to be told what to take away from a group. I've seen it as well and left their group sent 2000 of their tokens off to the dump, don't want to be a part of support for Polymath any longer

This seems really strange to me. I have messaged now to @graememoore, maybe he can tell me why i am banned. Anyway, thank u for helping  ;)

Security is a big business and we need much more of it in the cryptomarket. Polymath can make the crypto-market much safer and if the investors of an ICO know, that it is backed by Polymath, then more investors would very likely participate on an ICO, because it is much safer. With Polymath, scammers and hackers should have no chance to run away with the money.

But it seems, that Polymath has much more to offer than many can imagine. It`s a little difficult to understand all their usecases, but I have the feeling that Polymath is going to be very huge.

Couldn't be truer. Although they didn't have an ICO, right now is the perfect time to get in.

I just heard about this project, and from some review they want to solve regulation issue in ICO and also their platform will allowing investor from USA to join STO/ Security Token Offering with KYC and regulation procedure.

It would have been nice if this project considers doing a TGE, it would attract a lot of investors who want to break the barrier into financial inclusion.

The possible thing if polymath will against SEC. But if the polymath will try to make a platform for only security token and it may be a difficult thing to do. How a lot of instruments from the government to avoid token as security to the investors.

They turn to private group for few hours, you can retry now. I am pretty sure they not banned legal member.

their ICO is BS they clam to sell seciurities but in WP they are tring to outsource it to exchange..
Same time if you ask any exchange the if it will sell such seciurities NOONE WILL get them to have legal problems so this is BS and money grab.
Next big buzz ICO that have not much sense to me but hype will create some pump.

Although polymath didn't later do ICO and resulted to airdropping of 10 million tokens with a whooping 239 million tokens in circulation, then it simply means that the so called dev came to dump the rest in market.

Polymath is a strictly worse version of Orderbook. The latter is Ambisafe's decentralized exchange and ICO platform.

-Orderbook actually holds patent for regulated token technology https://www.newsbtc.com/press-releases/orderbook-announces-one-kind-regulation-aware-protocol-tokenized-securities/
-Orderbook has the best tool set for enabling compliance. They have implemented KYC/AML, Accredited Investor Status check and DocuSign electronic signature. Also they have license for trading bitcoin, ethereum and USD in 50 states.
-Orderbook is now in process of acquiring SEC licenses for public securities offerings and private securities offering.
-Orderbook is actually working decentralized exchange and ICO platform and they have done couple of dozens of ICO's.

They also have a private SAFT round. You could try your luck writing to their telegram support channel or sending them email. They are quite responsive.

Good projection and successful ICO, which went very well.

Yes, that is what happened since the airdrop.
Apparently, the market's response is quite well. Polymath is among TOP100 now.

Amidst the rising hype of security tokens, Polymath Network is known as the most unique and promising blockchain projects. Polymath wants to be the one stop shop for securities tokens on the blockchain and now added in Faast, the fastest way to build your crypto portfolio.

https://medium.com/faast/is-polymath-poly-your-ticket-to-the-10-trillion-security-token-revolution-ddab56926874

For sure ploymath is a good project, it's the first platform to offer security tokens and i think once they can issue first security token on their platform and everything went fine other people will come on board and it will make the value to grow, I have their token and I plan holding it for a long term.

Individuals truly gave away their personalities to offer it and procure like what $20, $30 perhaps? That is extremely moronic. I got my tokens as well yet truly have no knowledge into the entire thing yet. To begin with observed the promotion in etherscan, at that point joined the airdrop. I saw that the supply is 1 billion (or perhaps 10, dont recall) and 75% is held in one wallet, millions in different wallets and 250 for each kyc members. A great deal of these new companies are abruptly showing up now and every one of these terms including security and all are jackshit truly and I ponder where this thing goes or what they intend to do.

The only thing that I don't like in this cake it is a kyc procedure, but anyway if it is mandatory which I can understand because of the law system, in my opinion Polymath would be really worth it.