Topic: Thoughts on Polymath ICO??? (Read 2656 times)

The only thing that I don't like in this cake it is a kyc procedure, but anyway if it is mandatory which I can understand because of the law system, in my opinion Polymath would be really worth it.

Individuals truly gave away their personalities to offer it and procure like what $20, $30 perhaps? That is extremely moronic. I got my tokens as well yet truly have no knowledge into the entire thing yet. To begin with observed the promotion in etherscan, at that point joined the airdrop. I saw that the supply is 1 billion (or perhaps 10, dont recall) and 75% is held in one wallet, millions in different wallets and 250 for each kyc members. A great deal of these new companies are abruptly showing up now and every one of these terms including security and all are jackshit truly and I ponder where this thing goes or what they intend to do.

For sure ploymath is a good project, it's the first platform to offer security tokens and i think once they can issue first security token on their platform and everything went fine other people will come on board and it will make the value to grow, I have their token and I plan holding it for a long term.

Amidst the rising hype of security tokens, Polymath Network is known as the most unique and promising blockchain projects. Polymath wants to be the one stop shop for securities tokens on the blockchain and now added in Faast, the fastest way to build your crypto portfolio.

https://medium.com/faast/is-polymath-poly-your-ticket-to-the-10-trillion-security-token-revolution-ddab56926874

Yes, that is what happened since the airdrop.
Apparently, the market's response is quite well. Polymath is among TOP100 now.

Good projection and successful ICO, which went very well.

Polymath is a strictly worse version of Orderbook. The latter is Ambisafe's decentralized exchange and ICO platform.

-Orderbook actually holds patent for regulated token technology https://www.newsbtc.com/press-releases/orderbook-announces-one-kind-regulation-aware-protocol-tokenized-securities/
-Orderbook has the best tool set for enabling compliance. They have implemented KYC/AML, Accredited Investor Status check and DocuSign electronic signature. Also they have license for trading bitcoin, ethereum and USD in 50 states.
-Orderbook is now in process of acquiring SEC licenses for public securities offerings and private securities offering.
-Orderbook is actually working decentralized exchange and ICO platform and they have done couple of dozens of ICO's.

They also have a private SAFT round. You could try your luck writing to their telegram support channel or sending them email. They are quite responsive.

Although polymath didn't later do ICO and resulted to airdropping of 10 million tokens with a whooping 239 million tokens in circulation, then it simply means that the so called dev came to dump the rest in market.

their ICO is BS they clam to sell seciurities but in WP they are tring to outsource it to exchange..
Same time if you ask any exchange the if it will sell such seciurities NOONE WILL get them to have legal problems so this is BS and money grab.
Next big buzz ICO that have not much sense to me but hype will create some pump.

They turn to private group for few hours, you can retry now. I am pretty sure they not banned legal member.

The possible thing if polymath will against SEC. But if the polymath will try to make a platform for only security token and it may be a difficult thing to do. How a lot of instruments from the government to avoid token as security to the investors.

It would have been nice if this project considers doing a TGE, it would attract a lot of investors who want to break the barrier into financial inclusion.

I just heard about this project, and from some review they want to solve regulation issue in ICO and also their platform will allowing investor from USA to join STO/ Security Token Offering with KYC and regulation procedure.

Couldn't be truer. Although they didn't have an ICO, right now is the perfect time to get in.

Security is a big business and we need much more of it in the cryptomarket. Polymath can make the crypto-market much safer and if the investors of an ICO know, that it is backed by Polymath, then more investors would very likely participate on an ICO, because it is much safer. With Polymath, scammers and hackers should have no chance to run away with the money.

But it seems, that Polymath has much more to offer than many can imagine. It`s a little difficult to understand all their usecases, but I have the feeling that Polymath is going to be very huge.

This seems really strange to me. I have messaged now to @graememoore, maybe he can tell me why i am banned. Anyway, thank u for helping 

Ask the "wrong" questions they do not like and get banned, what a good way to channel your bs... there is no discord people share information to stay informed and educated not to be told what to take away from a group. I've seen it as well and left their group sent 2000 of their tokens off to the dump, don't want to be a part of support for Polymath any longer

Very interesting discussion, especially on the first page. At the end of the day this project just feels too centralized to utilize the benefits of blockchain, and as another poster stated, it may as well just be centralized to begin with.

Here in my opinion would be an ideal project -

ICOs, instead of issuing utility tokens, would issue tokens that hold an equity share in the company - these tokens will be forced to distribute real profit of the project company, and confer real voting rights and potential ownership changes. Now, to make this applicable to blockchain, all of this should be dencentralized, not centralized. And furthermore, the equity nature of the tokens must be enforceable in a decentralized manner. We can use any platform like Ethereum. Now here is how it would work: All issued security tokens (let's call them "ST-20" tokens for simplicity) would be on this platform. Now, the project launching the ICO's parent company's bylaws and constitution would specifically state that the ST-20 tokens are to be classified as shares. The company must be incorporated in an offshore jurisdiction, not the United States, that would respect such a unique contract and also avoid the regulatory bottleneck in countries such as the US that don't allow such open and free contracts.

Now, since it's specifically stated within the company's bylaws that ST-20 token holders are the shareholders, and the blockchain that stores the ST-20 tokens would be decentralized, there is in essence nothing the company or anyone else could do (not even the ST-20 blockchain) that could prevent this. In essence, we'd have perfectly decentralized security tokens ownership.

I look forward to a platform that may achieve this.

Odd....people were getting banned for FUD. Try messaging admin? I know Graeme is in there. username is @graememoore
they also have an announcements channel too: https://t.me/polymathnews

Oh, thank U very much. I am not sure why, but it seems i am banned of this group...