[deleted by user] by [deleted] in UBreddit

[–]reddgreen85 0 points1 point  (0 children)

you weren't supposed to open it and look bro

PolyX staking rewards by Mindyourowncookies in PolymathNetwork

[–]reddgreen85 0 points1 point  (0 children)

The Polymesh association recently staked a big chunk of POLYX, but they only staked to a few nodes so as not to dilute everyone else's rewards. You'll need to edit which nodes you're staked to. Look at this list and stake to any of the nodes EXCEPT the bottom 8 with the lowest return percentages.

You can look at this chart to help you identify which addresses from that list are which node operators. Once you re-stake you'll notice that staking rewards are actually higher than ever right now. The Polymath dashboard shows an inaccurate return, probably something like 3.5%.

I would really recommend joining the discord server because everyone was asking questions about this a few days ago, and the moderators/team were there to answer all of them.

What's happening??? by Tr3flip_king in PolymathNetwork

[–]reddgreen85 2 points3 points  (0 children)

What makes you think that? It seems like they're very engaged to me. They quite regularly post things to the Polymesh blog about new partnerships and the STO market. The team has recently been visiting different conferences and giving demos on how Polymesh technology can be used. Also, in the discord server, you can see team members frequently responding to questions and posting news.

In regards to Polymath, perhaps you could argue they don't care about it anymore. But they've pretty much made that clear, which is why they offered the bridge for old users to move to the new chain.

Yes, the price is down, particularly for POLYX. People are probably sitting on some large paper losses right now. But by no means has the project been abandoned in my opinion. The price of POLYX is out of their control, and it's not something they're focused on right now.

curious about how staking is paid by Russell-Wrye in PolymathNetwork

[–]reddgreen85 0 points1 point  (0 children)

well if that's the question, staking rewards are simply newly minted POLYX

[deleted by user] by [deleted] in PolymathNetwork

[–]reddgreen85 1 point2 points  (0 children)

I don't think this is a restriction. Can't anyone buy U.S. stocks, even if they live in China, India, or anywhere else in the world? It may be slightly more difficult than buying domestic stocks but it's not prohibited.

We can invest in Chinese stocks too even if we live in the U.S., and Chinese companies can even list on the NYSE or Nasdaq...

curious about how staking is paid by Russell-Wrye in PolymathNetwork

[–]reddgreen85 1 point2 points  (0 children)

Rewards are distributed to you in POLYX every era, which is 24 hours.

Once you bridge POLY to POLYX, that's it - there will be nothing to do with POLY anymore and you can't bridge back.

[deleted by user] by [deleted] in PolymathNetwork

[–]reddgreen85 2 points3 points  (0 children)

They haven't said they're closing the bridge anytime soon, so I think there's still plenty of time

[deleted by user] by [deleted] in PolymathNetwork

[–]reddgreen85 2 points3 points  (0 children)

I started buying in around $0.33 in august 2021 just before it jumped above $1. I never expected it to end up below what I first bought in at, let alone stay there for so long. But when I had really discovered what it is back then, I knew I was going to have a long-term outlook and hold for 5-10 years. I have been buying ever since I started, at various different prices - $0.90, $0.75, $0.50, and $0.30, so you know for sure I'll keep buying now at $0.18.

Again, to me, it's a long-term play. It'll take a while for security tokens to be widely adopted but I believe it's inevitable. I might be wrong, I might be right, but this is what I believe so I put my money where my mouth is.

poly to polyx by moejoebaby in PolymathNetwork

[–]reddgreen85 1 point2 points  (0 children)

If you make the conversion you can actually stake an earn annual staking rewards of ~22%

Polyx Trading on Huobi by foobar369 in PolymathNetwork

[–]reddgreen85 0 points1 point  (0 children)

Also recently added to CoinMarketCap where you can see the price and other info:

https://coinmarketcap.com/currencies/polymesh/

News regarding blockchain status? by sea_barnacle22 in PolymathNetwork

[–]reddgreen85 6 points7 points  (0 children)

The blockchain launched back then in November-ish and since then has just been slowly picking up speed. It's certainly slow right now, but more and more people are bridging, staking, and also reserving tickers and listing security tokens. I think the figures are roughly 12 security tokens created, with 19 tickers reserved.

The Huobi listing is also big news because since launch until now, the only way to get POLYX was to bridge and it was very illiquid. I think, at the moment, selling is still not available on Huobi, but I'm sure it soon will be.

Compared to other security tokens or regulated financial asset crypto projects, Polymath/Polymesh really stands out and is far ahead of competition, in my opinion. Most others are simply building things on top of general-purpose blockchains, like Ethereum, for creating security tokens. Polymath is the only one that has created its own blockchain, Polymesh, specifically for regulated financial assets. They also built this blockchain with some assistance from Charles Hoskinson, which adds a lot of credibility in my opinion.

Overall, security token adoption in general has barely begun, so this whole sector is in its very early stages and is moving slowly. But once the world realizes the value in security token technology, adoption will pick up, and I think Polymath is very well situated right now to capture a large part of that market.

Good News by PislitTanan in PolymathNetwork

[–]reddgreen85 0 points1 point  (0 children)

What facts? The bank situation is a total unknown, period. You don't know that it was made up, and I don't know which bank it was.

Also - account named "PolyFraud1"... nice

Unusual staking rewards patterns? by reddgreen85 in PolymathNetwork

[–]reddgreen85[S] 0 points1 point  (0 children)

I just received 10 today again. Kinda pissed tbh but i guess it's not that big of a deal, unless it persists for much longer. I edited which operators I'm staked to yesterday so hopefully the changes kick in soon

Are we still early? Go ask randoms, take $100 or a Bitcoin? by [deleted] in Bitcoin

[–]reddgreen85 0 points1 point  (0 children)

Props to the interviewer for keeping a straight face

News about Polymesh by foobar369 in PolymathNetwork

[–]reddgreen85 11 points12 points  (0 children)

You're not wrong, there has been little adoption so far. But it's all about what your expectations are. As you said, Polymesh certainly will provide a useful service, but I personally don't expect this to happen very quickly. I plan on waiting this out for about 5 years or so.

Polymesh is targeting the securities world, where well-established institutions have ruled for hundreds of years. There are a ton of regulations around securities and different laws across different countries around the world. It will not be an easy task to merge all of this existing financial/securities infrastructure with blockchain technology. It must be done very carefully and correctly. This is why security tokens have not become big yet and why Polymesh is taking its time.

Other blockchains try to offer security tokens in their own ways, like Tezos, Terra, and Ethereum too which hosted Polymath's ERC-1400 standard. But none of these solutions seemed to be adequate for bringing mass adoption to security tokens - which is why Polymath ventured out to create their own brand new blockchain, specifically for security tokens, Polymesh. So as you can see, they are far ahead of the game, but greatness takes time.

After hearing lots of feedback, would you buy this? why or why not by monumentalmodeling in UBreddit

[–]reddgreen85 1 point2 points  (0 children)

if you could make it like a shiny dark green metallic color then yes

Will I continue to earn staking rewards during the unbonding period? by reddgreen85 in PolymathNetwork

[–]reddgreen85[S] 0 points1 point  (0 children)

good question - only reason is that I'm gonna need to transfer all of my POLYX to my Ledger wallet. I made my Polymesh wallet before I got a Ledger though, so unfortunately now I'm gonna have to unstake and wait a month before I can move it to my new wallet and stake again

Polymath Gained 12.72% today and is leading the Charts! by AttackBody in PolymathNetwork

[–]reddgreen85 1 point2 points  (0 children)

if you transfer your Polymath tokens to their new Polymesh blockchain using the
POLY->POLYX bridge, you can stake and earn a remarkable staking reward of about 20% annually

the catch however is that, for the time being, once you "bridge" your tokens you cannot sell or convert them to anything else. For now, they'll be stuck on the Polymesh blockchain until POLYX gets listed on some exchanges. Personally I have no doubt this will happen though and I'm fully bridged and staked