Maintain your edge with confidential assets. Discover polymesh.network/confidentiality →
POLYX is the network protocol token of the Polymesh blockchain
POLYX is the fuel of Polymesh. It enables the creation and management of asset tokens, drives holder participation through governance, and secures the chain through staking.
.svg)
POLYX is a utility token under Swiss laws, based on guidance from the Swiss financial regulator FINMA. Designed for use within the Polymesh ecosystem only, POLYX provides access to onchain activity on Polymesh.
POLYX serves multiple roles within the Polymesh ecosystem. Use POLYX to pay for onchain activity, such as transaction fees involves in transferring tokens, or protocol operations required for native functions, like ticker reservation.
POLYX is also used to secure the blockchain in staking by backing node operators and, in exchange, earning rewards.
Finally, it's an essential component of Polymesh governance and used to signal support on Polymesh Improvement Proposals (PIPs).
The total supply of POLYX follows an asymptotic issuance curve, with new POLYX tokens minted algorithmically as part of Polymesh’s block reward system.
New POLYX is minted each era (24 hours) and distributed to node operators and their stakers, with rewards structured to target a 70% staking ratio to balance security and token availability. Below this threshold, rewards increase to encourage more staking; above it, rewards decrease to reduce overbonding.
Annual minting is capped at 14% of total supply, transitioning to a fixed issuance of 140 million POLYX per year once supply reaches 1 billion. This mechanism prevents accelerated inflation and maintains economic predictability for Polymesh users.
To learn more, see the Polymesh whitepaper.
Polymesh charges fees in POLYX for onchain activity to ensure operational sustainability and protect against spam.
Transaction fees scale with size and complexity. Protocol fees apply to certain native functions, such as reserving a ticker, and are set by the Governing Council.
Fees are distributed to node operators as incentives and help support network integrity.
Find out where to get POLYX to begin using Polymesh.
