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Polymesh

POLYX#438 by market cap

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

#7of 40 RWA protocolsthe typical one is worth $8.14M#434of all coins by sizeworth $52.65M today2 yearson the markettrading since 31 March 2024All outof the supply is in public handsnothing is held back to release later

Polymesh is for putting real assets on chain. We have not written its record yet, so its promises are not checked. It trades at $0.0399, #434 of all coins by size, 95% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #7 of 40 RWA protocols. Nothing to be careful of on the record.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
nonenamed backersno investor or index on file
2 yearson the marketsince 31 March 2024
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3 of 4

  • ✓A real-world jobReal-world purpose: putting real assets on chain
  • ✓Real backingBacking: trades on Binance, Upbit
  • –Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • ✓Room to growRoom: worth $52.65M, 32 times smaller than Ondo, the biggest coin within reach doing the same thing (RWA Protocol)

Listed on 2 big exchanges

  • Origin31 March 2024about about 2 yearspolymesh.network, GitHub, Whitepaper
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingNo named investorListed on Binance, Upbit
  • Standing on the recordNo recordNo dated promise to judge yet4 headlines last monthNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in RWA Protocol ($8.14M). To match the leader, Ondo ($1.69B), its price would need to rise 3119%, to about $1.29.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags
  • Only 4 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#7of 40 RWA protocolsthe typical one is worth $8.14M
$52.65Mworth todayprice × coins out
$8.14Mthe typical rival is worthRWA Protocol
$1.69Bthe leader is worthOndo
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Putting real assets on chain

148 coins tagged Real World Assets (RWA), worth $49.2B together. #38 of 148 by worth.

RWA Protocol: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Polymesh$52.65Mthis coin−8.3%no maxno record
  • Ondo$1.69B32.2× bigger, +$1.64B−2.0%, gap +6.349% outno record
  • Maple Finance$242.3M4.6× bigger, +$189.66M−4.0%, gap +4.4no max0 of 1 delivered
  • Zebec Network$180.06M3.4× bigger, +$127.42M+1.6%, gap +9.9100% outno record
  • Collector Crypt$122.56M2.3× bigger, +$69.91M−14.7%, gap −6.347% outnone dated
  • Plume$82.57M1.6× bigger, +$29.92M−1.3%, gap +7.064% out0 of 1 delivered
  • RE$69.15M1.3× bigger, +$16.5M+2.0%, gap +10.316% outno record
  • Rnt$43.98M1.2× smaller, −$8.67M+0.2%, gap +8.570% outno record
Same job, different how

RWA Protocol: this coin next to Ondo, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Polymesh says
Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets.
Ondo says
The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.

Problem it says it solves: putting real assets on chain. 148 coins are working on it and together they are worth $49,197,548,476. This coin is 0% of that.

Where it trades: Binance, Upbit, Gate, BYDFi, Bithumb

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

RWA Protocol: this coin next to the group's largest, Ondo.

PolymeshOndo
Years trading2 years3 years
Major exchanges211
Named backers02
Headlines, last month429
Promises deliveredno recordno record

What it says is different: Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around…

It is 3.1% the size of Ondo. On the facts above it is behind on major exchanges, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.0399price of one−8.3% today
95%below its highest ever$1 on 31 March 2024
100%of the supply is out1.32B coins
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The last 7 days

7 days ago: $0.0365now: $0.0399 (+10.3%)

Where today sits against its highest ever price

$0.0399

Highest ever: $0.7488 on 31 March 2024. Today is 5% of that.

100%

of all POLYX that will ever exist is already out in public hands: 1.32B coins.

Nothing is held back. Every coin is already out.

out held back. Each dot is 1%.

Pays for every use of its network

Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.

  • Every transaction on its network pays a fee in it
$0.0399price of one
×
1.32Bcoins out
=
$52.65Mworth today, #434 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 1.32Bin circulation of 1.32B total. No hard maximum is set, so more can be created.
  • 5%of its all-time high of $0.7488 on 31 March 2024. That is −94.7% from the top.
  • #434by market cap, $52,646,517.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

4headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

4 headlines named this coin in the last month.

What they were about

    Why it movedDown 8% today. Headlines that name it: What Is POLYX? Polymesh Token Utility and Governance (Coin Gabbar, 3d ago) What Is POLYX? Polymesh Token Utility and Governance (Coin Gabbar, 3d ago)

    In the news

    Headlines are the publishers' own. News is never placed next to price.

    The record itself

    Qualifies for a record and its pages are captured daily, but the record has not been written yet.

    Pages saveddailycaptured every night
    Promisesnone yetno record drafted
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    Six facts, the project's own replies, its peers, contract facts, references and every stored copy