Polymath is an ERC 20 token issued on the Enterprise platform.
As a project, we are trying to create a platform that makes it possible to create and issue stocks and financial products on block chains and to make transactions possible.
In other words, we will tokenize stocks and financial products and make transactions using smart contracts on block chains. We will issue it as virtual currency in a form close to traditional IPO (initial public offering). This is called STO (security token offering). As security tokens become treated as securities, approval is required from organizations of various countries such as SEC.
Polymath explains that STO is possible (legally clear) in Delaware state, which is based in the United States and whose main activity is Wyoming State.
At Polymath, the issuer of the token begins with registering on this platform, and eventually the tokens with KYC embedded are released on the platform as a list of STOs (security token offerings). At this time, the legal representative will help with the issuance, present the bid and create the STO according to the Smart Contract with the developer.
Investors will do KYC by selecting people who want to be reviewed by some KYC providers on the platform. Unlike existing ICOs, investors do not invest anything because strict examination is done rather than ICO. (It is similar to not allowing anyone to create a credit trading account with a securities company)
However, once KYC registration has been done, you can purchase all the tokens on Polymath.
#polymath #crypto #coin #from2016 #onecoin #ripple #bitcoin #quarkchain #nem #tron #ethereum #blockchain #cloudmining #mining #trade #business #realestate