Polymath Network (POLY) is a decentralized platform that tokenizes the securities market, allowing for the creation, issuance, and management of digital securities on the Ethereum blockchain. It focuses on regulatory compliance and offers a standardized framework for security tokens, ensuring transparency and efficiency in the process. The platform is designed to make smart digital investments easy, providing a single platform for minting tokens, managing investors, and raising funds.
Polymath Network (POLY) is a token that supports the Polymath platform, which is built on the Ethereum blockchain. The platform allows users to create, issue, and manage blockchain-based security tokens, enabling the tokenization of real-world assets such as shares and bonds. POLY holders can upgrade to POLYX, the native coin of Polymesh, on a 1:1 basis. The token is used to facilitate the creation and management of security tokens, ensuring regulatory compliance and providing features like KYC verification, confidentiality protocols, and instant settlement.
To store Polymath Network (POLY) tokens, you can use any Ethereum wallet that supports ERC-20 tokens. Here are the steps to follow for different wallets:
MetaMask:
- Enter your password to access your wallet.
- Click the “Tokens” tab.
- Press the “Add Tokens” button.
- Enter the token details:
- Token Contract Address: 0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec
- Token Symbol: POLY
- Decimals of Precision: 18
- Press “Add” to see your POLY tokens in your wallet under the TOKENS tab.
MyEtherWallet (MEW):
- Visit https://www.myetherwallet.com and select the “Send Ether and Tokens” tab.
- Choose your desired method of accessing your wallet.
- After your wallet loads, press the “Add Custom Token” button.
- Enter the token details:
- Token Contract Address: 0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec
- Token Symbol: POLY
- Decimals: 18
- Press “Save” to see your POLY tokens in your wallet by clicking the “Show All Tokens” button.
Ethereum Wallet / Mist:
- Open your account.
- Click CONTRACTS.
- Click WATCH TOKEN.
- Enter the POLY details in their respective fields:
- Token Contract Address: 0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec
- Token Symbol: POLY
- Decimals of Precision: 18.
Exodus:
Exodus has native support for POLY. Follow the instructions in the provided gif to find your POLY tokens.Parity:
- Open your Parity Wallet.
- Click on CONTRACTS.
- Enter the token details:
- Token Contract Address: 0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec
- Token Symbol: POLY
- Decimals of Precision: 18.
imToken:
Follow the instructions provided for imToken to add POLY tokens.
These wallets securely store POLY tokens, which are ERC-20 tokens on the Ethereum blockchain.
To buy Polymath Network (POLY) tokens, follow these steps:
Set up a crypto wallet: Download and set up a reliable crypto wallet like Trust Wallet. Ensure you have a secure seed phrase and note your wallet address.
Buy Ethereum: Purchase Ethereum (ETH) from a centralized exchange like Binance. If you're new to Binance, refer to their guide on buying Ethereum.
Transfer Ethereum to your wallet: Withdraw the purchased Ethereum to your Trust Wallet by providing your wallet address and the amount to transfer.
Choose a decentralized exchange (DEX): Select a DEX that supports your wallet, such as 1inch. Connect your wallet to the DEX using your wallet address.
Trade Ethereum for POLY: On the DEX, select Ethereum as the payment and Polymath (POLY) as the coin you want to buy. If POLY doesn't appear, find its smart contract address on Etherscan and paste it into the DEX.
Complete the swap: Click the Swap button to finalize the transaction.
Remember to be cautious of scams and ensure you have the official smart contract address.
