October 28, 2021

Polymesh Mainnet is LIVE!

We’re thrilled to announce that Polymesh, the world’s first public, permissioned blockchain built for regulated securities, is officially live! 

Polymesh went live today on October 28th, when its genesis block was launched by the Polymesh Association. To ensure everything is running smoothly, there will be an internal testing period before UIs (including onboarding) go live for users. In the meantime, you can monitor activity using the Polymesh Stats Page and Polymesh Block Explorer.

Polymesh is deployed by the Polymesh Association, a not-for-profit association based in Switzerland whose mission is to promote the development and adoption of the Polymesh protocol and ecosystem. 

To fulfill its mission, the Association will be equipped with $8 million USD and 250 million POLYX to offer grants and incentives. POLYX is the native protocol token on Polymesh and is a FINMA regulated utility token.

As part of the launch process, the Polymesh Association is deploying a one-way 1:1 POLY:POLYX upgrade bridge for users to upgrade POLY to POLYX. Aside from the bridge, there will be no newly minted supply except for rewards as part of the proof of stake consensus process.

The network is also launching with 14 financially regulated entities running operator nodes, with plans to continue onboarding new operators, customer due diligence providers, and service providers. 

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