CRYPTO MARKET / ASSET
Polymesh (POLYX)
$0.3193
▲ 5.26% +$0.016 LOW: $0.2873 / HIGH: $0.3278 (24H)
▲ 5.26% +$0.016
LOW: $0.2873 / HIGH: $0.3278 (24H)
LOW: $0.2873 / HIGH: $0.3278 (24H)
FULL MARKET CAP $353.94 M |
TOTAL VOLUME 24H ($) $69.62 M |
TOTAL CURRENT SUPPLY 1,108,426,125 |
MAXIMUM SUPPLY ∞ |
POLYX / USD Conversion
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Overview
POLYX is the native utility token of the Polymesh blockchain, a specialized blockchain platform designed explicitly for security tokens. POLYX is utilized for various purposes within the Polymesh ecosystem, including transaction fees and staking
- When the floodgates open and institutional capital pours into crypto and #tokenization, the talk around permissioned networks will get louder.
Are you ready?
@PolymeshNetwork • October 25, 2024 - Polymesh Testnet has now been updated to 7.0, which is the next major release of Polymesh.
This major release includes breaking changes for both the Polymesh chain API and associated tooling (SDK, REST API, SubQuery) which those integrating with the chain should be aware of.
You can find the full release notes here: https://github.com/PolymeshAssociation/Polymesh/releases/tag/v7.0.0.
FEATURE OVERVIEW
Asset ID
Polymesh no longer requires each asset to have a unique ticker. Instead, each asset is assigned a unique AssetID when created. A unique ticker can optionally be linked to the AssetId during creation or any time thereafter. This change impacts storage and APIs, as AssetID will now uniquely identify assets instead of tickers.
Staking
A more recent upstream version of the Staking pallet brings efficiency improvements and some modifications to the election process. Tokenomics and inflation are unaffected.
Keys
Optimized storage of secondary keys and their associated permissions improves the efficiency of these lookups for extrinsics.
MultiSig
The MultiSig implementation has been updated to simplify the association between MultiSigs and their Identities. It now provides flexibility in specifying which key pays for MultiSig signer transactions and consolidates the behavior of MultiSig keys with other keys.
Venue ID
Settlements in Polymesh no longer require a Venue ID, simplifying peer-to-peer transactions that don't go through an exchange or matching venue. The Mainnet update is scheduled for November 19th, 2024.
POLYMESH SUBQUERY V16
Polymesh SubQuery v16.1 is now available and includes several important updates to align with the upcoming Polymesh v7 release. These changes involve breaking modifications to settlement-related entities, such as removing certain fields and restructuring the Venue and Instruction entities. Assets are now primarily identified by an AssetId rather than a ticker, which may affect API calls.
You can review the full release details here: https://github.com/PolymeshAssociation/polymesh-subquery/releases
Note that a full resynchronization of SubQuery instances is required for v16.1. We encourage all teams to ensure compatibility before the v7 chain upgrade. For teams hosting their own SubQuery instances, we offer a SubQuery dictionary to accelerate resynchronization. Please get in touch with support@polymesh.network if interested in using it.
DUAL VERSION POLYMESH SDK
To facilitate a smooth chain upgrade for Polymesh users, we've released a dual version of the Polymesh SDK. This version is compatible with both the current v6 and the upcoming v7 (post-upgrade) allowing applications to be updated before the network update.
You can find the beta version and release notes for the dual version SDK here: https://github.com/PolymeshAssociation/polymesh-sdk/releases/tag/v26.0.0-beta.2
This SDK release introduces several breaking changes. If you're upgrading from a version prior to v25, be sure to review the breaking changes from previous releases as well.
We urge all teams integrated with Polymesh to review these updates and update dependencies accordingly. The main breaking changes include:
-asset.ticker has been marked as deprecated and will no longer return a ticker for v7 chains. Instead, the ticker (if present) is available in the results of asset.details.
-asset.id is now the primary unique identifier for an asset.
-Multiple type changes due to tickers and venues becoming optional.
Except for querying the ticker, code changes should be minimal if you're not using the new features like AssetId and simply want to maintain compatibility with Polymesh v7.
@PolymeshNetwork • October 24, 2024 - I think we should do a new AMA, what do you think?
@PolymeshNetwork • October 24, 2024
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Time Ranges
1 HOUR | +4.04% |
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24 HOURS | +4.82% |
7 DAYS | +29.76% |
30 DAYS | +22.55% |
24h USD Activity
SPOT MOVING CHANGE | $-0.0022088586 -0.73% |
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SPOT MOVING QUOTE VOLUME | $28,754,580.26 |
SPOT MOVING QUOTE USD VOLUME | $30,026.51 |
TOTAL MARKET CAP | $332,743,870.99 |
Supply & Distribution
SUPPLY | |
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ISSUED | 1,108,426,125 (100%) |
TOTAL CURRENT | 1,108,426,125 |
DISTRIBUTION | |
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● BURNT | 0 |
Specification
LAUNCHED | 28/10/2021 |
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TEAM | |
TREVOR KOVERKO (FOUNDER)
CHRIS HOUSSER (FOUNDER)
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CONSENSUS MECHANISM |
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CONSENSUS ALGORITHM |
Nominated Proof of Stake (NPoS)
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DECIMAL POINTS | 6 |
TOTAL CURRENT SUPPLY | 1,108,426,125 |
TYPE |
BLOCKCHAIN
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PLATFORM
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GOVERNANCE
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Publications & Reports
WHITEPAPER system_update_alt The official POLYX Whitepaper |
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ESG REPORT system_update_alt Uploaded 21/08/2023 |
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TOKEN ECONOMICS system_update_alt Uploaded 21/08/2023 |
Explorers
subscan.io https://polymesh.subscan.io |
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