The main explanation for the POLY price increase at the beginning of this month is the decline in the prices of US stocks. The American S&P 500 index at that time fell by more than 10%. This happened amid a strong decline in US stock indices. In early February 2018, the price of the Polymath cryptocurrency began to rise significantly, rising from $ 0.60 to $ 1.20 in the first two weeks of the month. A very strong marketing company promoting the project.
In general, the project inspires confidence. The project team is concentrated in Canada and consists of well-known professionals. This token is a utility token of the ERC20 standard and can be stored in Ethereum wallets with support for storing tokens of the ERC20 standard. The POLY token is used to pay for all actions and services on the Polymath platform.
Legal support, a decentralized platform for bidding and low commissions created on one field are the three foundations that are necessary for a successful project. The Polymath project was created to simplify and reduce the cost of these procedures. Since security tokens are securities, they fall under state regulation. All project shareholders become holders of internal tokens. Security tokens owners receive dividends from the company. The number of tokens of security tokens indicates the size of your share in the project. The first type of tokens allows their owners to access the project products. There are two types of assets in the system:
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