Will Polymath play a central role in the security token space years from now? Let us know your thoughts in the comments. вЂњWe are committed the project long-term,вЂќ affirmed Housser. However, by locking up their tokens, Polymath has made it clear that they are in no position to mass-sell their tokens: in fact, they are financially solvent for the next five years. Many projects have, in fact, gone bust over this simple fact. In this bearish market, many investors have grown skeptical of crypto-projects for not having proper funding models or treasuries. Housser further elaborated that вЂњthankfully we decided early to diversify a lot of ETH/BTC holdings.вЂќ The startup raised some $58.7 million in January of 2018 and filed with the SEC. Polymath has made it clear that it has an ample treasury. вЂњA lot of projects have shut down or done major layoffs lately due to lack of fundsвЂ¦ What we are demonstrating is that our treasury is healthy and we donвЂ™t have a need for these tokens at this time.вЂќ Why the Lockup?ДЄccording to Chris Housser, PolymathвЂ™s Co-Founder, the lockup was to inspire more trust in the project. Now, Polymath is instilling a new breath of confidence into their investors by locking up 7.5% of its total token supply (some $9 million worth of tokens). They are thus creating a platform for issuers while also positioning themselves as the leaders of the still-new tokenized security space. Not only have they created their own token standard on Ethereum for securities, called the вЂњST20,вЂќ but are also looking into pegging STOs to fiat with the help of MakerDAO. Tangany is a member of the Polymath Service Provider Ecosystem. Polymath has been one of the leading advocates for security tokens for some time now. In this Q&A, Polymath sat down with Martin Kreitmair, Managing Director of Tangany, to get his views on the role of custodians in the security token market, the unique challenges of token custody, and what makes for a good digital asset custodian. This means that up to 75 million of its POLY tokens, which is 7.5% of the total supply, will be unavailable to issuers for the foreseeable future. Polymath, a startup focused on the tokenized security industry, has just announced that they will be locking up around $9 million worth of its tokens for the next five years.

Security Token Leader Polymath Locks Up 75 Million of Its Tokens - The Tokenist Newsletter

Is polymath a good investment