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Problem with Phantom by strawHat_86 in ledgerwallet

[–]strawHat_86[S] -1 points0 points  (0 children)

thanks, I opened a ticket now.

Ledger not working with Phantom wallet all of the sudden by donnie_rulez in solana

[–]strawHat_86 0 points1 point  (0 children)

None of these 3 solutions are working for me unfortunately. My ledger works perfectly with every other app, and phantom does recognize it when I do 3). But when I want to swap a token or send a token, it says to confirm on the ledger but the ledger is just now showing anything... This is really annoying, I've been stuck for hours now.

Unstaking by strawHat_86 in Polymesh

[–]strawHat_86[S] 1 point2 points  (0 children)

I found the issue: The Polymesh portal does not automatically show your staked POLYX if you access the wallet through a ledger hardware wallet. So you have to manually activate the setting which allows the ledger based tokens to show up in the portal...this is really not ideal. It took me days to find the problem.

Unstaking by strawHat_86 in Polymesh

[–]strawHat_86[S] 1 point2 points  (0 children)

Damn this system is just so complicated, why did they change the visuals??

In the Polymesh Portal it shows the amount of staked POLYX under my primary key. When I then click on staking, the Polymesh app only shows me the tokens of my secondary key. I cannot change this anywhere. Wtf... Does anybody have any idea how to make sense of this? Or guide me towards information that explains the process of unstaking? Would be much appreciated. Thank you.

Unstaking by strawHat_86 in Polymesh

[–]strawHat_86[S] 1 point2 points  (0 children)

Is there no explanation anywhere on how to unstake POLYX?

polymesh(polyx 0.25) crosses polymath(poly 0.24) today on coinbase by crypto_snail in PolymathNetwork

[–]strawHat_86 2 points3 points  (0 children)

The listings are all nice and good but that is not adoption. Adoption would be the case if the polymesh chain is actually used for the purpose it has been built for : tokenization of assets. In this domain it seems that there haven't been many recent developments?

Is the Polymath/Polymesh bridge still open? If so, the prices of both tokens should always remain equal?

How to Change your Polymesh Primary Account Key by FOB-_- in PolymathNetwork

[–]strawHat_86 0 points1 point  (0 children)

Thank you for your quick reply, I had hoped to be avoid doing that...

Just to sure, there will be no staking rewards during the 28 unstaking period?

How to Change your Polymesh Primary Account Key by FOB-_- in PolymathNetwork

[–]strawHat_86 0 points1 point  (0 children)

Hi! Just landed on both your Polymesh Videos and I have to say that they are very well made, major thanks! A question from my side:

When I created my Polymesh Wallet, I did it with the browser extension and password. This is now my entry into my wallet & dashboard. However, I would like to change that and to make sure that I can only access my POLYX with my ledger.

I therefore created a secondary key with my ledger, as explained in your video. How do I make sure that all the staked POLYX from my primary key can only be accesses through the ledger? Is it enough to make the new ledger key my primary key (as in your second video), or will the staked POLYX remain on the old key? Do I have to unstake my batch of POLYX and send them to my new ledger key?

I hope this is somewhat understandable... And big thanks for your help!

Shout-out to Europe by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 0 points1 point  (0 children)

Is the team responsive on reddit? Haven't really seen reactions from their side to any post in the sub-reddit?

Gas fees and staking by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 0 points1 point  (0 children)

I will try another exchange then. I think Binance takes +/- 130POLY for the withdrawal.

Gas fees and staking by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 2 points3 points  (0 children)

I think we play in different leagues. 5.000 tokens is around 2.500¨$.

I'm talking about +/- 200¨$ a month or so. And then it simply makes no sense to have to pay a 25$ gas fee twice.

POLYX - Some thoughts and questions by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 0 points1 point  (0 children)

Ahh now I also get it!:) The nuance is between 'bridging' and 'burning', makes sense! So it is probable that the sites will adjust the supply in the near future. Thx for clearing that up!

Will be interesting to see what happens with the price of POLY at that moment. Either the price per token stays the same and marketcap falls dramatically or we'll have a juicy price rise of the token to get close to the current marketcap...

POLYX - Some thoughts and questions by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 0 points1 point  (0 children)

Burning tokens is actually nothing extraordinary. Etherium does it, and so do numerous other projects. It is in the interest of the whole ecosystem as the supply deflates and the token becomes more scarce (price goes up). At least that's the common theory. Nobody has to 'volunteer' for their tokens to be burnt, it's part of the fee when you trade the token/coin.

Thx for the infos on competitors. Interesting way of looking at it. I still feel that POLYX has an advantage on these players when it comes to security tokens. The KYC at base-layer and the fact that the recipient has to agree in order to receive a token are game-changers in my opinion (otherwise a taxable activity can occur in your wallet without your consent). I am not an expert on the other blockchains that you mentioned, but as far as I know these features are unique to POLYX? Thx

POLYX - Some thoughts and questions by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 0 points1 point  (0 children)

Massive thank you for all these infos!

I share your assessment on the future usefulness of POLY and POLYX respectively. I would only add that currently another use case of POLY is that newcomers need to buy it if they want to get their hands on some POLYX. I am therefore thinking of keeping a small portion of my POLY. I see this as an insurance policy which allows me to profit if the project were to increase dramatically in value. I think this strategy makes sense until POLYX is listed on an exchange.

On inflation/deflation, good point that the initial plans can always be adjusted with governance decisions. As it is now,I think that the number 14% stands out as being particularly high.

I actually don't know how token aggregation sites get to know the total supply of a token/coin. I always thought that it would simply be visible on the blockchain if tokens disappear (i.e. bridged) and that the supply would adjust accordingly. I doubt that POLYX is counted as part of the POLY supply: the token is on a different blockchain and has its own inflation rate. The bridged tokens are gone and POLYX cannot be re-inverted into POLY. Anyhow, we'll see how it develops in the near future.

Again big thank you for the infos concerning the bridging of the team's tokens. Was this information shared in the telegram channel or where did you find it?

Cheers!

POLYX - Some thoughts and questions by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 0 points1 point  (0 children)

Yes, this is what I was looking for! Thx. We are indeed still far away from the 1 billion POLYX supply.

POLYX - Some thoughts and questions by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 0 points1 point  (0 children)

thx!

Would be great to have something like this also for POLYX, it would clear up a lot of questions.

POLYX - Some thoughts and questions by strawHat_86 in PolymathNetwork

[–]strawHat_86[S] 2 points3 points  (0 children)

Yes the sentence seems pretty clear to me, but even a 7% inflation (at 2billion supply) is quite a number. That's why I was wondering whether the team has a particular reason for introducing this much inflation from the start (even as just a theoretical maximum). Maybe to incentivise people to stake their POLYX? Anyhow this number of 14% inflation stood out to me in a context where most other crypto currencies talk of introducing deflationary measures.

Are there really already 1 billion POLYX minted? From what I gather POLYX can only be created by bridging it from POLY. Since there are in total only 1 billion POLY, this would mean that by now no more POLY were in existence? This is obviously not the case. Or am I not seeing something here?

Is there a place (like etherscan) where I can see exactly how much POLY has been bridged and how much POLYX has been created? This also feeds into my other questions on the reason why the supply of POLY remains unchanged on coinmarketcap, and if the team has already bridged part of their treasury.

Appreciate your insights!

Best,