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Will Polymath (POLY) Make a Comeback Soon?

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Polymath
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Monday was a tough day for all crypto enthusiasts and cryptocurrency investors. While bitcoin stayed below $6800, altcoins suffered greatly and therefore the entire cryptocurrency market took a nosedive which remained for the entire day. People are linking the market slump to the recent hack of a small cryptocurrency exchange ‘Coinrail’. But experts believe that the reason was far greater than that. Because of Bitcoin’s price fluctuations, crypto enthusiasts are in the search of better prospects and blockchain projects that are worth investing. Such a project is Polymath which is currently working on security tokens to solve the tug-of-war between regulations and cryptos and hence lower the chances of bloody Mondays happening.

Introduction to Polymath Network

Polymath Network and its idea of creating a security token platform where an individual can hold its token sale for investors are far too unique. The company behind Polymath network is Saint George Barbados-based Software Company which was founded back in 2017. Polymath is the only crypto project which is aiming to create a link between securities and blockchain so as to keep the investments of a crypto trader safe and promote crypto trading by enhancing its security and lowering the risks.

Anybody who has heard of crypto must know that it is yet to be regulated and unless that happens, the whole idea of crypto trading is very risky. Which is why Polymath lets an issuer using Polymath’s platform to create security tokens which are completely regulatory compliance. Their goal is rare and has too many loopholes but there’s no denying the fact that it’s the need of the hour.

Partnership with Open Finance Network

The dire situation of financial markets has caused many fintech companies to consider and even collaborate with blockchain projects. The best part of such projects is the fact that their decentralized and do not rely on third parties. But past some weeks people have come across the news of successful hacking attempt far too many times. It makes a person look for more secure options within the crypto world for trading, storing cryptocurrencies.

Open Finance Network has claimed to be one such platform that brings interoperability to the trading and clearing process with the help of ledger tech. they’ve recently announced a partnership with Polymath Network so that the security tokens of Polymath platform can be listed on OFN.

Polymath Partners with Pegasus Fintech to Launch Real Fan Token & Block Development Token

Pegasus fintech Inc. is a well-known blockchain and token accelerator which backs up new and worthy solutions in the field of technology, financial services, blockchain. Last week Polymath network announced that Pegasus fintech is advising two new projects to launch their security tokens on Polymath network security token platform.

Real Fan Token:

An e-commerce company named Fanblocks.com has come up with the idea to broaden their horizons by launching Real Fan Token as a security offering with the help of Polymath platform. The holders of real fan tokens will receive offers to acquire exclusive deals on fan and much more.

Block Development Token

Block Development Capital Inc. is a mortgage origination corporation which is based in greater Toronto area. The team behind block development has successfully created an asset-backed security token that would generate maturity bonuses while providing recovery features to all the participants of the token.

Current Market Position

Dipping since yesterday, the Polymath network markets finally seem to be moving towards recovery. According to the data on CoinMarketCap Polymath is ranked as 88th biggest cryptocurrency in the entire market with a total market capitalization of $137.6 million approximately. At the time of writing, the individual price of Polymath has gone up to $0.5 with a 3.74% rise. Around $2.7 million worth $POLY has exchanged hands within the past 24 hours.

Final thoughts

Recently, Polymath releases the newest version of Polymath core which would help token issuers to keep up regulatory help if they need it. Fortunately, Polymath network is close to creating a security token platform that allows anyone to tokenize an asset. Everything looks promising about Polymath network, but it’ll take quite some time before Polymath can catch up with the top-10 cryptocurrencies. Investors are waiting for an exemplary security token project to be released soon on Polymath network and reach new heights. Until then Polymath platform will remain focused on regulatory framework and compliance.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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