Compliant security-token issuance platform Polymath has integrated Scout’s analytics dashboard for both internal and customer use, in order to, “clearly show and share the usage data of our ST20 tokens…(and) build our theories on the market based on the facts of the market.”
Polymath says the dashboard resolves “messiness,” “a lack of transparency,” and “data overload” in the crypto and security token space, whereby, “some in the space reap the rewards of this confusion.”
To address these tendencies, Polymath says it has, “…engaged Scout to help us derive product insights from on-chain usage to help us build better products for our users…”
While the company plans to, “use this data to track security token usage and measure it against industry theories…(and) forecast industry trends,” it has also, “made the dashboard fully accessible to you, our community, so you can also derive insights and don’t need to guess how things are going.”
In particular, Polymath says the dashboard provides a window on:
- “total number of tokens created, categorized by whether or not the token is ERC-1400 compliant (v3) or not (v2).”
- “public data displayed on a per security token basis, such as, daily and weekly transaction volume, token holders growth over time, and changes in token supply.”
The company is also using Scout to, “display data on the Polymath network reserve,” of POLY tokens.
According to ICODrops, Polymath raised more than $207 million in an initial POLY token sale that concluded January 13th, 2018.
The $207 million figure may be inaccurate, however, as a FORM D filing from the SEC indicates Polymath raised about $59 million USD in total from 128 parties.
The ICODrops indicates that the raise was not an ICO (initial coin offering) or crowdsale and the original token price was $0.40. Disclosure documents to the SEC indicate the raise was a SAFT (simple agreement for future tokens).
ICODrops has been contacted regarding the discrepancy and any comment will be appended to this article.
The current token price, according to ICODrops, is $0.0167.
“Polymath Statistics” at CoinMarketCap show that the current price is slightly above the all-time low price of $0.015906.
The same site indicates that approximately ~462 million POLYs circulate now and the total token supply is 1 billion.
The CoinCodex site shows that POLY currently trades at fairly modest volumes on 16 platforms, including Binance, Upbit, Huobi Global, Coinbene, HitBTC, and Poloniex.
Polymath has revenues from facilitating token issuance and trading.
According to the company:
“Polymath makes it easy to create and manage security tokens. The platform simplifies the complex technical challenges of creating a security token and aims to bring the multi-trillion dollar financial securities market to the blockchain.”
Please note, Polymath states in this blog post that it, “is not a broker-dealer, nor an exchange. It does not help companies raise money and it does not provide a secondary trading venue for tokens. Instead, Polymath provides its world-leading tokenization platform to security token issuers through its white label partners.”
See polymath.network for more information.