Polymesh (POLYX)
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About POLYX
Polymesh (POLYX) is the native token of the Polymesh blockchain — a purpose-built Layer 1 network designed specifically for regulated assets and real-world financial instruments. Developed to overcome the compliance, confidentiality, and governance limitations of general-purpose blockchains, Polymesh offers a secure and transparent environment for tokenizing securities and other financial products. Unlike EVM-based platforms, Polymesh is built from the ground up to meet institutional needs, including features like on-chain identity verification, governance through stakeholder voting, and permissioned asset control. All participants on Polymesh must pass KYC checks, ensuring regulatory compliance and accountability. POLYX is used for transaction fees, staking, governance, and protocol-level operations. It enables validators to secure the network and participate in Polymesh’s decentralized governance system, where major protocol upgrades and rules are decided collectively. Polymesh also introduced Polymesh Private, a privacy-focused blockchain offering the same regulatory guarantees as Polymesh, but with enhanced confidentiality features for sensitive use cases like private equity, debt, and institutional deals. It uses zero-knowledge proofs and private smart contracts to protect transaction data while maintaining trust and compliance. With built-in compliance, strong identity architecture, and institutional-grade privacy solutions, Polymesh is positioned as a next-generation blockchain infrastructure for compliant asset tokenization and capital market transformation.
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Frequently Asked Questions about Polymesh
What is Polymesh?
Polymesh is a Layer 1 blockchain purpose-built for security tokens and regulated financial instruments. It includes identity, compliance, governance, and confidentiality features at the protocol level.
Where can I buy Polymesh (POLYX) tokens?
POLYX tokens can be purchased on centralized exchanges such as Binance, Gate.io, HTX, Bitget, and BitMart.
Where can I store Polymesh (POLYX) tokens?
POLYX can be stored in the Polymesh Wallet, which is specifically built to support the Polymesh blockchain and its identity and compliance requirements. Alternatively, it can be stored in Substrate-compatible wallets like SubWallet or Talisman.
What is POLYX used for?
POLYX is the utility and governance token of Polymesh. It is used to pay transaction fees, stake for validator participation, and vote on governance decisions.
Is Polymesh public or private?
The main Polymesh chain is public and permissioned — anyone can view the blockchain, but participants must complete identity verification. Polymesh Private is a separate network designed for confidential use cases.
What is Polymesh Private?
Polymesh Private is a separate privacy-focused blockchain that uses zero-knowledge proofs and encrypted smart contracts for private market activities while maintaining regulatory compliance.
Is Polymesh EVM-compatible?
No. Polymesh is not EVM-compatible. It uses a custom Substrate-based architecture tailored to meet the unique demands of financial markets and compliance.
Who can use Polymesh?
Anyone can interact with Polymesh, but all users must pass identity verification (KYC) to transact or issue assets. This ensures regulatory clarity and accountability.
What types of assets can be issued on Polymesh?
Polymesh supports tokenization of a wide range of assets, including equities, bonds, real estate, and funds — all with built-in compliance and investor management features.
How is governance managed on Polymesh?
POLYX holders and network participants can vote on proposals, upgrades, and validator actions through a decentralized on-chain governance system.