POLYX

Polymesh is a purpose-built blockchain designed to cater to the needs of security tokens and regulated markets. It distinguishes itself from general-purpose blockchains by integrating governance, identity, compliance, confidentiality, and deterministic finality into its core infrastructure, which are essential for regulated assets .

The native token of Polymesh, POLYX, is utilized for staking to secure the network, paying transaction fees, and participating in governance. Polymesh does not have a fixed maximum total supply for POLYX; instead, new tokens are minted at the end of every era to reward operators and stakers as part of the Proof of Stake consensus protocol, with a maximum cap of 140 million POLYX per year .

In 2022, Polymesh planned to introduce several upgrades, such as smart contracts, which would allow developers to innovate on top of its core features, and NFTs to represent certain types of financial products that are better modeled as non-fungible assets. They also aimed to implement private transactions using zero-knowledge proofs and homomorphic encryption through a protocol called MERCAT, enhancing privacy for users .

Polymesh Private is a private-permissioned version of the Polymesh blockchain, tailored for enterprises seeking a secure and controlled environment. It offers the comprehensive features of Polymesh with additional privacy and control, making it an ideal solution for entities operating in jurisdictions with unclear regulations on public Distributed Ledger Technology (DLT) for regulated assets .

Polymesh's approach to tokenization and privacy is unique, focusing on reducing complexity and ensuring compliance through its native capabilities. It embeds rules directly into asset tokens for automatic enforcement without the need for complex smart contracts. The platform is also compatible with the public network, allowing for easy migration if needed .