Polymesh
polyxWhat is Polymesh?
POLYX is the native protocol asset of Polymesh, a public-permissioned mainnet built with Substrate. It is a native chain asset, not an EVM contract.
What problem does Polymesh solve?
Polymesh is designed for activity in a permissioned network environment. Distinguishing native POLYX from an EVM token matters because fees, staking, network security, rewards and governance signaling occur under Polymesh’s own chain rules and permissioning model.
How does Polymesh work?
POLYX pays network fees and participates in staking and security. Operators and nominators can receive rewards, while governance signaling operates within Polymesh’s permissioned framework. POLYX has no fixed maximum supply: issuance occurs each era under a reward curve capped at 140 million POLYX per year, and current documentation specifies fixed issuance of 140 million per year after supply reaches 1 billion. The former POLY upgrade bridge closed permanently on 2024-02-29 after more than 890 million POLY had been bridged; the supplied closure source does not establish a conversion ratio.
Key facts
- POLYX is native to the Polymesh public-permissioned Substrate mainnet.
- POLYX has no EVM contract.
- Documented roles include fees, staking and network security, operator and nominator rewards, and governance signaling.
- There is no fixed maximum supply, and POLYX is minted each era.
- The documented reward curve has a maximum issuance rate of 140 million POLYX per year.
- Current documentation states that issuance becomes a fixed 140 million POLYX per year after supply reaches 1 billion.
- The POLY upgrade bridge closed permanently on 2024-02-29 after more than 890 million POLY had been bridged.
- The supplied bridge-closure evidence does not establish a 1:1 conversion ratio.
Official links
Categories
Related coins
Frequently asked questions
Is POLYX an ERC-20 token?
No. The evidence identifies POLYX as a native Polymesh mainnet asset with no EVM contract.
What is POLYX used for?
Its documented roles are network fees, staking and security, operator and nominator rewards, and governance signaling.
Does POLYX have a fixed maximum supply?
No. It is minted each era; current documentation describes annual issuance capped by a reward curve and later fixed at 140 million POLYX per year once supply reaches 1 billion.
Can POLY still be upgraded through the bridge?
No. The POLY upgrade bridge closed permanently on 2024-02-29 after more than 890 million POLY had been bridged.
External trackers
Choose a tracking site for Polymesh: