Traditional public blockchains like Ethereum support token issuance, but lack strict identity verification and compliance governance, making it difficult to meet the legal requirements for issuing security tokens. Polymesh ensures the legality and transparency of on-chain operations through mechanisms such as complete identity verification, preventing duplicate holdings, and transaction confidentiality.
Polymesh uses NPoS (Nominated Proof of Stake) consensus, operated by named and regulated validators, combined with zero-knowledge proofs to ensure transaction privacy, and implements a non-hard-fork on-chain governance model to ensure system stability and security.
The platform introduces Smart Extensions, allowing issuers to set transfer restrictions, holder limits, and other rules for security assets. These rules will be automatically executed to comply with legal regulations, creating a flexible and legally compliant tokenization solution.
POLYX is the native Token of Polymesh, used for paying transaction fees, staking, and governance participation. The initial supply of the Token is approximately 890 million, combined with a dynamic issuance strategy to ensure network security and support decentralized governance.
With the digitization of global financial assets and stricter regulations, Polymesh occupies an important position in the institutional market and the DeFi asset tokenization field with its advantages of compliance, security, and privacy, becoming a key bridge connecting traditional finance and Blockchain.