Today, with the rapid development of blockchain technology, more and more projects are beginning to focus on how to combine real-world assets (RWA) with blockchain. POLYX, as the native token of the Polymesh platform, is a leader in this field. This article will take an in-depth look at the features of POLYX and its potential in the RWA circuit.
What is POLYX?
POLYX is the native token of the Polymesh platform. Polymesh is a blockchain built for security tokens, focusing on the creation of regulated assets. Compared to traditional blockchains, Polymesh is an institutional-grade permissioned blockchain designed to solve many challenges such as governance, identity verification, compliance, privacy, and settlement. Through these innovations, Polymesh is able to simplify archaic financial processes and provide new financial instruments beyond the ERC-1400 security token standard.
Introduction to Real World Assets (RWA): Real World Assets (RWA) refer to those fungible or non-fungible tokens that represent digital representations of traditional financial assets on the blockchain. These assets can be tangible, such as real estate and art, or intangible, such as government bonds, company stocks, and carbon credits. Asset tokenization is the process of converting these valuable real-world assets into security tokens for efficient trading and liquidity management on the blockchain.
How assets are tokenized
Asset tokenization can be carried out in two ways: direct issuance: assets are directly converted into tokens through smart contracts on the blockchain.
Traditional financial system mapping: Issuing assets through the traditional financial system and mapping them to the blockchain often requires compliance measures and regulatory approval.
This digital processing allows almost any valuable asset to be traded and moved on the blockchain, greatly improving the liquidity of assets.
Features of POLYX tokens: The total issuance of POLYX tokens is 1 billion and has multiple uses in the Polymesh ecosystem, including staking, governance voting, and payment of transaction fees.
Staking and Rewards
POLYX tokens can be used for staking, and pledgers will receive a certain percentage of block rewards. This mechanism not only incentivizes users to hold tokens, but also enhances the security of the network. In addition, network operators are usually required to provide minimum deposits to ensure the stable operation of nodes.
Inflation mechanism: In order to maintain the stability of the network, POLYX tokens will experience a certain degree of inflation after reaching the maximum supply. The current inflation rate is approximately 10%. This inflation rate will be adjusted in a timely manner based on network demand and the results of community governance voting to ensure that inflation is maintained within a reasonable range.
POLYX’s potential in the RWA track: As a vertical public chain in the RWA track, POLYX has shown outstanding potential. As more and more assets are tokenized, the application scenarios of POLYX will continue to expand. Its focus on real-world assets has made it stand out among many projects and become the leader in the industry.
healthy ecosystem
POLYX not only has a complete public chain deployment, but also has a healthy ecosystem. This ecosystem not only supports asset tokenization, but also provides users with diversified services, attracting a large number of developers and investors to participate.
Future Outlook: With the development of the RWA track, POLYX's position in it will become increasingly important. Its innovation in asset tokenization will bring revolutionary changes to the traditional financial industry. In the future, POLYX is expected to become a bridge connecting real-world assets and blockchain, promoting the development of the entire industry.
Summarize
As an important project in the RWA track, POLYX covers two key areas: real-world assets and public chains. It has demonstrated excellent performance and potential, and has a complete public chain deployment and a healthy ecosystem. As the RWA track continues to heat up, POLYX will undoubtedly occupy an important position in the future blockchain world.
In this era of rapid change, POLYX is not only a token, but also an important link between traditional finance and the blockchain world. As technology advances and the market matures, POLYX is expected to lead the future of asset tokenization and become a leader in the blockchain field.