What is Polymesh (POLYX)?

Polymesh is an emerging RWA blockchain built specifically for regulated assets. It is an institutional-grade permissioned blockchain that helps create, issue, and manage security tokens for regulated markets while maintaining compliance, settlements, identity, and confidentiality.

POLYX is the designated utility and fuel token of the Polymesh blockchain. It enables the deployment and management of security tokens while driving governance and on-chain staking. All payments for transaction fees and other functions related to Polymesh operations proceed in POLYX tokens. Originally, it was the POLY token of ERC-20 standards. However, the platform introduced a bridge in 2022 to upgrade POLY on Ethereum to POLYX on Polymesh at a 1:1 rate.

The overall maximum supply of POLYX does not have a capped limit. Instead, it will increase over time to fund staking rewards on Polymesh.

How Does Polymesh (POLYX) Work?

Unlike general-purpose blockchains built with pseudonymity and censorship resistance, Polymesh focuses on identity, judicial compliance, deterministic finality, and ownership. This change of focus makes Polymesh an institution-grade blockchain to tokenize securities and other financial instruments with real-world value.

As a publicly permissioned blockchain, Polymesh allows anyone to view the network. However, to participate users must undergo a comprehensive identity verification process. This verification is compulsory for all participants, including issuers, investors, stakers, and node operators.

Together, Polymesh's node operators and nominators secure it and validate new blocks. While node operators are permissioned and regulated entities with known identities, nominators are simply POLYX holders who choose to stake their holdings with a node operator. In exchange, they receive a share of newly minted POLYX tokens.

Stakers submit their POLYX tokens with their chosen node operators to increase the latter's chances of being picked for validation in the Nominated Proof-of-Stake (NPoS) consensus model. In return, node operators give a share of their earned POLYX to the stakers according to their staked quantity. Node operators get to participate directly in network governance, while nominators participate only in broader governance decisions.

For every on-chain transaction or service, Polymesh charges a gas fee. Certain native functions on it require additional fees called protocol fees. All user transactions occur in POLYX tokens, 100%25 of which goes to the node operators. This incentive encourages node operators to stay loyal and promote the network.

How to Buy Polymesh (POLYX) in India?

There are many platforms where you can invest and Buy Polymesh (POLYX) in India.

One such platform is Flitpay. To buy POLYX in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy POLYX and execute the purchase.

You can instantly convert your INR to POLYX and POLYX to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Polymesh (POLYX)?

POLYX can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the POLYX till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Polymesh (POLYX)?

POLYX is the native utility token of the Polymesh blockchain. It serves various utilities like on-chain governance, staking, fee payment and more to ensure seamless functioning of Polymesh. It has no capped maximum supply.

What is the Polymesh (POLYX) price in India?

Check out the current INR price of POLYX crypto in India on Flitpay.

Which is the best crypto exchange in India to buy Polymesh (POLYX)?

Flitpay is the best crypto exchange in India to buy POLYX, MATIC or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

How to buy Polymesh (POLYX) in India?

You can easily buy Polymesh (POLYX) in India on the safest crypto exchanges like Flitpay, with the lowest fees.

To buy Polymesh (POLYX) coin in India:

1. Register on Flitpay and create an account.

2. Verify your identity through Know-your-customer (KYC)

3. Add INR or Fiat currency, corresponding to the amount of OMNI you want to buy.

4. Instantly buy Polymesh (POLYX) with the deposited funds.

Why Choose Flitpay to Buy Polymesh (POLYX)?

Flitpay crypto exchange stands out as the most reliable and secure platform to buy Polymesh (POLYX) and other cryptocurrencies in India. Here's why:

• Swift and Secure: Flitpay's quick buy/sell feature allows investors to buy POLYX crypto swiftly within seconds. Flitpay has also implemented robust security measures, including 2FA at various stages, and integrated multi-party computation (MPC) technologies to protect customers' invaluable investments.
  
• 99.9%25 Uptime: The robust build and interface of Flitpay ensure 99.9%25 uptime, allowing you to access your Polymesh investments anytime without any hitches or glitches.
  
• Price Alerts: Flitpay's timely price notifications and alerts keep investors updated with price changes, allowing users to easily seize the right opportunity to buy or sell POLYX even when offline.
  
• Instant Deposits and Withdrawals: Access your funds hassle-free through instant deposit and withdrawal services. With Flitpay, you can easily convert your POLYX to INR or INR to POLYX and withdraw your funds instantly.

What are the benefits of Polymesh (POLYX)?

Polymesh offers a blockchain tailored for regulated assets, providing key benefits like institutional-grade security, compliance, and identity verification. Its permissioned structure ensures that all participants, including issuers and investors, undergo identity checks, enhancing trust and legal adherence. POLYX, the native token, powers the network, facilitating governance, staking, and transactions. With its Nominated Proof-of-Stake (NPoS) model, users can stake POLYX to earn rewards while node operators ensure network security.

Is it safe to invest in Polymesh (POLYX) in India?

Yes, investing and trading POLYX is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying POLYX crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Polymesh (POLYX) crypto in India?

Your search for secure crypto deposits and withdrawals ends here. Flitpay is only crypto exchange to facilitate hassle-free and Instant crypto deposits and withdrawals in India with minimal or no fees.

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