After seeing Polymath present in Las Vegas last October, I got the same feeling as when I found out about Ethereum. "This could potentially change the structure of our global economy".
Right now, regulations are cracking down heavily for many ICO's. Almost all upcoming ICO's are completely closing down to US investors, even Rentberry went as far to fully refund investors post-ICO. Tokens are beginning to be classified as "securities" (illegal to fundraise unless under the compliance the SEC) and no more can slide under the radar as "utility tokens" (legal and compliant).
This is a problem. The free innovation of blockchain tech is beginning to be stifled because of regulations. This needs to change.
Polymath have created what is essentially the first platform for all security tokens to exist legally. What Ethereum does for DApps, Polymath does for Security tokens. Stocks, Real Estate and all Equity can now be converted to tokens on the blockchain and it will all live on the Polymath platform. Companies will be able to automate dividends, backend processes, and a whole lot more. There is currently no other project that does anything close to this.
Polymaths Market cap is only 250M right now, I can see this running on par with Ethereum within the next couple years.
Ethereum is for Utility tokens, Polymath is for Security tokens. They will not compete, they will co-exist.
- This is not financial or investment advice. This is also not a sponsored post. However, you can bet that I've already stocked up on POLY tokens, which are available on Kucoin. It is also on a massive ride up right now.
Its going to be massive!! I love that I just got some on Kucoin for like $1.20 it is a steal at that price right now.
I agree that polymath is something that is very needed, has a great team behind it, and is at a great buy point. I invested in Polymath as soon as it hit Kucoin. I am skeptical of every digital asset before I pull the trigger on a buy, here is my major concern:
They are going to be releasing 1 BILLION tokens. There is a TON. That could impact the availability of the token and thus from an investment standpoint, lower the price.