Polymath POLY to Skrumble Network SKM Exchange

Crypto Pair Details: POLY to SKM

Polymath POLY

Polymath simplifies the legal process of creating and selling security tokens. It makes a new token standard, the ST20, and enforces government compliance. Only a “list of authorized investors and their Ethereum wallet addresses” can hold ST20 tokens. Therefore, token issuers don’t need to worry about the legal implications of your security falling into the wrong hands. In order to launch a legally compliant token, the Polymath platform brings together issuers, legal delegates, smart contract developers, KYC verification, and a decentralized exchange. All transactions on the Polymath platform take place using the native POLY token. Polymath has programmable equity. Polymath enables companies to take control of their equity issuance through programmable code. It is raising in cryptocurrency opens up an entire wealth of new investors. Polymath eliminates the middleman and financial structures that hinder the deployment of equity. There is a trove of wealth that is untouched by Wall Street that can now be accessed through Polymath. In 2017, Polymath raised over $1.2 billion in funding by selling utility tokens and security tokens. Utility tokens, such as Waltonchain, give you access to a token’s network and are far more common than security tokens. Security tokens, however, provide equity or a claim to dividends from a company. As a result, security tokens, like any securities, are subject to government regulation. Polymath’s new standard for blockchain security tokens aims to embed the necessary regulatory requirements into smart contracts and comply entirely with government security regulations. A wide array of security tokens that will be listed on Polymath at some point will require investors to be accredited, or to be from specific countries.

Skrumble Network SKM

With Skrumble Network, we’re currently in the process of building a completely decentralized social media communication application. Incorporating the traditional messaging, audio and video calling for peer-to-peer and groups, it will also include the ability to send cryptocurrencies in-app, and more. It is Skrumble Network’s mission to innovate methods of communication and create opportunities for people to connect globally on the most secure networks possible, which is why we’ll also be building our very own blockchain that is uniquely optimized for communication connections and transactions and cannot be blocked by any firewall.

SOURCE: COINGECKO

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