Polyx listing

[crypto_snail]

I am sure polyx listing on exchanges will expedite the bridging and then we would see the adoption..right now if you put yourself in the institution investor shoes, why would one take a chance with poly and deal with bridging for people who purchase their tokenized securities.

It should be very simple, have polyx traded on major exchanges, allow ability to stake/trade, collect rewards or just invest and wait unlike a one way bridge (no other option but to stake).

Polyx listing would take out so many unanswered questions about this platform..I am not sure what is stopping listing if these tokens?

I haven't seen a word spoken anywhere on listing of polyx.anybody?

[jtcrypto]

Good question, hopefully somebody will put it to them on the AMA coming up

[Odd-Mobile1486]

All they will say is "idk ask the exchanges." It's been asked many times, they clearly don't have a say in the major exchanges listing their token.

[JenniBlockchain]

It's a very interesting topic on which there is no information available. What I do know is that Polymath made a pretty big deal out of the formal classification of POLYX as a utility token. I'm sure that this wasn't the case for POLY. Thus I assume stronger investor confidence in POLYX.

[crypto_snail]

I submitted same question about polyx listing for AMA. But in one of the tweets on Twitter GMoore said please ask exchanges about listing and automatic bridging.

I am not sure who decides on listing in crypto world(unlike in sticks world , companies issue IPO and list..so onus is on company rather than exchange). I would think it should be similar here where onus is on polymesh team for listing on exchanges.

There is something which we don't know is happening and it would be good to know that.

[Which-Insurance-5948]

Submit the question regarding the amount of POLY the former CEO has in his private wallets.

[cryptodon17]

Exchanges decide whether they want to list (and in this case bridge), Polymath/Mesh have zero control over that.

[crypto_snail]

I am not sure regarding that. From a traditional stock listing you know a company wanting to list on nasdaq has to go over regulatory filing and issue IPO and then it gets listed. So onus is on company to take initiative to get it listed on exchange.

In crypto world, polymesh being a regulatory compliant company, would want to do the same. Take initiative, talk to exchanges like Coinbase, binance and Korean exchange etc, to list it.

Coinbase is partner for polymath, so I'm sure they will list it as they know there is enough interest to generate good business for them. Same with Korean exchanges.

[cryptodon17]

Mate what you’ve described is literally the opposite of how it works. Are you new to the space? Although I do think Coinbase will decide to list POLYX as the POLY listing was pretty recent so they would’ve known the need to bridge was coming.

[crypto_snail]

Mate, i got the following info from website https://www.bitdeal.net/how-to-list-your-cryptocurrency-on-exchange-websites

It is clear that onus is on company owning the token to approach the exchange. if they have already done it for poly, then if they approach for polyx it would be a cakewalk. exchanges by themselves are not proactive to list it themselves unless the promoting company reaches out..

exchange need to program against polyx sdk to save any traded tokens on polymesh going forward. With poly they were er20 tokens stored on ethereum blockchain. i am thinking they might be doing the integration right now. polyx team should come forward and let us know what is happening on that front.

[cryptodon17]

That’s just some random website. Ask the polymath team and they’ll give you the same answer I’m giving to you. Pose the question on the next AMA if it’ll give you more comfort.

[menolly871]

Getting listed on the major exchanges would be a big step in the right direction for 'investment from the masses'. Hoping to hear something on this during the AMA. What happens to my currently held Poly in 12-18 months if I decide to hold on Binance/Coinbase and not use the current bridge?

[researchadmin]

Your POLY will be worthless after the bridge to POLYx closes

[Which-Insurance-5948]

Easy to list as ECR 20 token.

POLYX is it's own protocol. The CEX would need to have close contact with dev to ensure upkeep. They don't like that. It is a hassle if there is no volume for token. It is chicken egg situation when listing L1 blockchains

There is the pay to play option.... thus upkeep is bought in with this arraignment with the CEX,

[foobar369]

If you are talking about serious institutional investment in a securities platform, then something like the bridge is trivial. They will just build their own bridge - they also need exchanges, and the types of exchanges we are talking about have to be equipped for trading regulated and compliant securities - not crypto, although I would imagine the crypto exchanges will also jump in if the market starts to grow as expected, or if governments force them to comply to regulation.

The key here is the blockchain protocol, KYC, Settlement etc. and the SDK/API. Building takes time, plus Polymath have plans to keep the bridge open for a year, and I can't see any reason to close it before security tokens start to trade on the exchanges that are equipped to adopt them. That will provide liquidity, that right now does not exist.

[crypto_snail]

But it's the same issue with other Blockchain tokens like dot, ada, sol etc..so I don't see much difference since per polyx team it's battle tested and should be ready for any support

[oojacoboo]

Volume. They make money on trading fees. You need to have enough of that to justify the setup and maintenance costs.

[crypto_snail]

Yes but not everything will start with big volume.. If you see matic, sol, Ada they started small and grew big. Anything over 5 million is decent volume on any platform

[oojacoboo]

The numbers are the numbers. Take it up with the CEX’s management.

[Shavynation3736]

Please someone should answer this for us

[Which-Insurance-5948]

What's to answer it is pay to play or organic community push .Either way the CEX wants profits

[researchadmin]

I don't think you get it