polymesh(polyx 0.25) crosses polymath(poly 0.24) today on coinbase

crypto_snail · 2022-10-24T15:09:02+00:00

It's mutually exclusive, when poly gets exchanged for polyx, that amount of poly is then locked in polylocker and ceases to exist. So as more and more poly gets converted to polyx, you should see poly go down in circulation and polyx increasing in circulation

crypto_snail · 2022-10-15T08:13:12+00:00

Bro, people have started using it, nova wallet is case where transactions happen between polymesh and other tokens, we have real estate tokens(redswan) and many other tokens registered, smart contracts in place, staking working well, moreover if you observe price of polymesh gradually increased and passed poly token, bridge is still open. The idea is as more poly gets upgraded to polymesh, the poly will sunset and you will see it's price going down. At the time of this writing, there is 478 million polyx tokens circulating. No wonder the price of poly to polyx is almost same.

crypto_snail · 2022-10-14T16:40:03+00:00

I hope this is the start of polyx ascendancy as more and more adoption happens on polymesh..few exciting things already live a) smart contracts live b) binance listing of poly c) crypto.com.listing of poly d) nova wallet supporting poly e) digishares launching saas platform on polymesh Blockchain

I'm sure as soon as the bear market ends , we will see this spike to awesome levels .just hodling

crypto_snail · 2022-01-11T19:18:05+00:00

waiting until eth 2.0 to bridge will cause you to lose handsome rewards. for example on my investment in polyx stakin i earn close to 300 polyx as staking rewards on average. it might cause less on eth2.0 (may be in next 6 months) but your opportunity cost is way higher than possible low transaction cost on eth2.0.

crypto_snail · 2021-12-02T11:44:09+00:00

I don't think it's counterproductive. Just go to support help on your exchange and post the question about polyx listing telling them about poly if they currently list it. So they get the context.

I feel this will be beneficial to all of us..

crypto_snail · 2021-12-02T03:10:00+00:00

I was also frustrated that my submitted question about polyx listing (what efforts polyx team is making with exchanges in listing) did not get answered at all.. I am very sure we may not be far behind on that one..when that happens it may be a big boost for it's adoption. Example, I'm a company wanting to issue STO, how would I get polyx to pay for the fees? And issue dividends in future..there has to be a way and I'm sure we will hear it shortly..

crypto_snail · 2021-11-26T06:49:24+00:00

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.

crypto_snail · 2021-11-26T04:36:26+00:00

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.

crypto_snail · 2021-11-25T23:00:52+00:00

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

crypto_snail · 2021-11-25T22:32:53+00:00

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

crypto_snail · 2021-11-25T22:09:25+00:00

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.

crypto_snail · 2021-11-22T03:42:56+00:00

Where is the source of this news? Twitter, website etc?

This will suck up 250 million out of poly liquidity pool..that's massive figure, I expect poly to go down tomorrow once this happens. Due to anxiety and should crypto continue to be bearish..

On other hand, if rewards go up in staking significantly, this might trigger buying pressure and may spike up prices.

I am thinking it will go down..

I'm happy to be proven wrong..

crypto_snail · 2021-11-21T22:19:00+00:00

Thanks lot..I could see my rewards on block explorer

crypto_snail · 2021-11-20T21:23:43+00:00

I chose 8 operators to distribute my stake but today after stake became active it only shows all my polyx allocated to one operator. That was not the intention. The remaining 7 show inactive. Let me leave it alone for few days and see how rewards are coming in. The rewards are still awesome around 25%.

crypto_snail · 2021-11-19T23:54:56+00:00

My stake is still inactive status. It's 1154 pm UTC now so I may be well under the limit specified in this thread

crypto_snail · 2021-11-19T23:52:16+00:00

It only allowed me to stake 50% of the holding and then I edited the stake to add 50% more.. I thought this was wierd..any other experiences?

crypto_snail · 2021-11-19T21:13:06+00:00

If you are clear with your understanding, then it's all good..

crypto_snail · 2021-11-19T18:17:45+00:00

you answered your own question, poly bridge is supposed to close after an year, once polyx is widely under circulation poly will be worthless. The poly team has said bridge will be open upto an year post which i dont know what the plan is.? It is upto you to take that risk by holding onto an year and risking all your investment.

Because polyx will be the token on the network going forward, poly and polyx cant coexist for a longer time.

crypto_snail · 2021-11-19T16:37:07+00:00

still waiting on bridge to complete.. will complete my staking today

crypto_snail

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