Blockchain technology is continuously expanding its horizons to new use cases, promising not only to fuel natively digital assets but also powerfully transform real-world assets (RWAs). 

Purpose-built for regulated assets, including RWAs, Polymesh has long been a leader in the security token space. Today the institutional-grade public permissioned blockchain is catching the attention of numerous players in the industry. 

This blog post takes a look at companies’ contributions to enlarging and enriching the Polymesh ecosystem through Polymesh’s native token, POLYX. We’ll explore the efforts and incentives the ecosystem offers for earning POLYX and show how the impact of the POLYX utility token extends far beyond its onchain functions.

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Polymesh and POLYX

Polymesh, a public permissioned blockchain purpose-built for security tokens, offers a regulatory-compatible framework for representing real world assets (RWAs) onchain. 

The ecosystem’s native token, POLYX, is used for various purposes including transaction fees, governance, and staking. The special niche Polymesh occupies within the tokenization landscape is growing, and POLYX is at the center of the incentives driving its expansion. 

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Earning POLYX: Opportunities for companies

From running blockchain nodes to developing onchain applications, such as issuance platforms or decentralized applications (dApps), companies can tap into various activities to earn POLYX. These paths not only fulfill business objectives but also bolster the ecosystem. As their offerings grow or they gain new clients, so does their potential to earn POLYX, incentivizing continuous development and innovation. 

Operating nodes for network security

Companies that are licensed financial entities may help maintain network integrity by running operator nodes, which are special nodes permissioned to gather transactions into blocks for writing to the blockchain (or vote on blocks proposed by others). 

Operator nodes are vital for the decentralization and security of Polymesh, performing functions such as validating transactions and participating in the chain’s nominated proof of stake consensus mechanism. In exchange for their contribution, operators receive POLYX rewards, incentivizing the maintenance of a robust network. 

More about node operators 

Developing tailored solutions 

Individuals and companies that create services or applications on Polymesh can also be rewarded in POLYX. These could include platforms for tokenizing assets, such as security token issuance platforms, or integrations providing functionality for the asset lifecycle, such as exchanges (centralized and decentralized). By enriching the ecosystem’s capabilities, these innovators foster broader adoption. 

These companies can receive POLYX for their integrations and improvements. This might look like securing funding in POLYX through a successful application to one of the Polymesh Association’s incentive programs (see below), or it might look like building a platform which requires fees in POLYX to perform certain functions. 

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Incentive programs

The Polymesh Association manages various initiatives encouraging companies to contribute and benefit from the Polymesh ecosystem. These incentive programs showcase the Polymesh Association’s commitment to driving the global adoption of Polymesh. They also make earning POLYX a tangible reality for innovators, early adopters, and developers. 

Ecosystem Development Fund (EDF)

The Ecosystem Development Fund (EDF) targets companies building closed-source technology on Polymesh. Companies looking to build, integrate, and utilize Polymesh’s infrastructure can apply for funding and receive either POLYX or USD for the value their projects add to the Polymesh ecosystem.

More on the Ecosystem Development Fund

Grants program

For those delving into open-source development, the Grants Program provides funding support for crafting additional features and functionality on top of Polymesh. The Grants Program awards grants to the community of developers building and extending Polymesh features for the general community. The focus lies on technical projects that add value to the Polymesh ecosystem. 

More on the Grants Program

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Real world examples: companies earning POLYX

Several companies have taken unique approaches to earning POLYX while fostering the growth of the Polymesh ecosystem. Here are a few examples.

Tokenization service providers 

Businesses offering tokenization services on Polymesh allow assets like real estate or fine art to be represented as digital securities, increasing liquidity and accessibility for these assets while earning POLYX for each transaction processed. 

Innovative integrators

Companies may be existing financial systems earning POLYX while establishing themselves as key players in the journey toward blockchain adoption. In some cases, these companies will seek to use integration services that enable the seamless integration of existing financial systems with Polymesh. 

RWA managers 

Companies handling the issuance, management, and exchange of real world assets and other tokens via Polymesh are at the forefront of the financial paradigm shift. Companies playing a role in the tokenization and management of RWAs and other assets can accrue POLYX to help facilitate the cost of digital and real world asset transactions. 

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Contributing to the Polymesh ecosystem growth

Unveiling the methods with which companies are growing the Polymesh ecosystem reveals a confluence of technological innovation and strategic stewardship. 

As companies engage with Polymesh and earn POLYX, they’re doing much more than expanding their number of tokens. They’re also enhancing decentralization, increasing security token activity to legitimize Polymesh as a leading public permissioned blockchain, and spurring innovation to attract a greater number of developers, entrepreneurs, and investors who see value in digital assets. 

Mapping traditional finance to DeFi

Companies integrating traditional financial assets into the decentralized finance (DeFi) world are drawing new users to Polymesh, widening the asset and service variety of the platform.

Constructing a compliance-focused community 

Firms are championing a compliant ecosystem, aligning with Polymesh’s vision of meeting the needs of regulated securities markets. This nurtures trust among traditional financial institutions looking to explore blockchain integration, driving further growth. 

Pioneering blockchain education

Educational initiatives are crucial for adoption. Companies providing training and resources about POLYX and the permissioned blockchain space are enhancing the ecosystem’s literacy and attractiveness. 

Collaboration and partnerships

Collaborative efforts between various stakeholders on joint projects or community initiatives ensure a unified push toward ecosystem development, reinforcing the network effect and cross-industry interoperability. 

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Conclusion

For visionaries operating at the intersection of finance and technology, the Polymesh ecosystem is ripe with opportunity. By earning POLYX, organizations aren’t just participating in a blockchain – they’re molding the future of real world assets and expanding the utility of blockchain into new markets.

Understanding how POLYX incentives are propelling the Polymesh ecosystem forward offers insight into the future of tokenization. With the Ecosystem Development Fund (EDF) and grants for open-source projects, the prospects for ecosystem growth and innovation are robust. It’s not just about earning tokens – it’s about being part of the legacy we’re building towards tomorrow’s fully digitized economy. 

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‍To learn more about POLYX, visit polymesh.network/polyx.