Home
News
What Is Polylastic (POLX) Coin?
Polylastic (POLX) is an index that is customized to trace the performance of tokens inside rapidly evolving EFi (Elastic Finance Industry). This index is going to involve elastic crypto assets, cash systems, algorithmic stablecoins, seigniorage stablecoins, and whatever is on the way.
This index is weighted, dependent upon community support’s value measured by total stakers and total market capitalization of the token.
It is the initial premium cluster of virtual asset indexes and is powered by Polygon. It is presently building more index sets for the satisfaction of market niches.
What Industry Problems Does Polylastic Solves?
Several investors do not have sufficient understanding to optimally plan their portfolios, which increases the risk of inflicting losses in their investments. A proper insight will allow the investors to make suitable amendments to increase their profitability.
Many times, it becomes difficult for investors, especially the fresh ones to buy a crypto asset. This is why they require finding means to make the usual mechanism for acquiring cryptocurrency simpler.
The industry is still lacking a decentralized platform to gain exposure to top-tier crypto assets, and POLX is anticipated to fulfill this gap.
The cryptocurrency market is very volatile, the risk is constantly wavering around, and investors are unable to make proper analyses regarding threats in the market. Polylastic will provide a means to examine risk management inside the cryptocurrency market.
Why is Polylastic Unique From Others?
Inside the vanguard technology, the developers have put ample due diligence as well as market analysis to assure the delivery of the best indexes for their community.
Polylastic provides a broad range of indexes that are dependent upon risk designs, assisting in numerous threat appetites.
As it is mentioned, the industry lacks a decentralized vehicle for a broader exposure to cryptocurrencies, the index investing smoothens the mechanism for widening the exposure to a broader crypto-asset industry.
Polylastic is empowering the folks with its community weighted index, piled up through the experienced insights of the expert supporters.
For What The POLX Token is Used?
POLX is the indigenous token of Polylastic and is utilized for weighted indexes and governance as per the delegated stake.
As the index conducts its advanced operations and generates fees from growth, an element of the revenue goes towards buying the token on the free market while eliminating it from total supply forever.
As the DeFi sector moves forward, the supply of POLX tokens will see increasing scarcity and will become more precious.
What Is Polylastic Index Staking?
POLX LPs can stake their liquidity provider tokens to receive rewards impartially for their aid to the health of the index.
Polylastic offers a two-tier staking design for rewarding participating in the index. Stakers are allowed to envoy their stake to whatever project they want to in the index.
Via this model, POLX captures the sentiment of the community, innovation, and pulse of DeFi sector.
The perks of Polylastic expand beyond its user’s reach. By making a boutique index that is aspired towards the ecosystem. It creates a centralized recognition for trending projects inside it.
What Is The Technology Behind Polylastic?
Polylastic indexes trace the progression of the complete crypto-asset sector. It provides an immediate and simple exposure via single token, simplifying upside to the swiftest growing regions in decentralized finance.
Via the liquidity providing shares and POLX staking, Polylastic’s curated indexes capture the growth of the robust part takers in the sector. This distinct design, altogether with the sentiment of the community, enables folks to provide a completely fresh form of index for users.
Market-capitalization indexes provide beyond the big picture. Via delegation of stakes to assist projects, folks are headed to invest in the most astounding projects with robust communities.
A dynamic, scalable portion of each transaction will be gathered and redispersed to holders, precisely aligning the community and incentives of the project.
Polylastic Roadmap
Polylastic roadmap is categorized in three phases: Phase 1,2 and 3.
Phase 1 includes its Non-Custodial version and POC top 5 indexes. The second phase will focus on additional features, ecosystem rebalancing, and delegated index staking. The third phase will include an artificial intelligence (AI) index.
Who Are The Brains Behind Notion of Polylastic?
Polylastic was founded by VJ Ibones, who also serves as its marketing director, KD Likakis is the head strategist, Brandon Xavier serves its business development, and Niko Sairanen works for the technology department.
Apart from this, the Polylastic project’s advisory council includes Asif Khan, Sunil Bhat, Mike Migilo from Bridge, Andrew Hogue, and Yanush Ali and Kal Ali from Orion.
The project has joined forces with some robust names, including Polygon, Chainlink, and Certik.
POLX Coin Price Live Data
As of this writing, POLX Coin was trading at a market value of $0.00031128, down by 7.6% in the past 24 hours. POLX reached its peak during January 2022, where it was trading at a market value of $0.00924608
Its all-time high shows how much gain the holders of that how much return they would’ve received if they’d purchased the coin at the time of its inception. It reached its lowest during the beginning of February when it was trading at a market value of $0.00018925.
POLX Coin Price Prediction
Polylastic is a unique and robust project which is towards offering solutions to the industry like offering precise insights for the investors, so they are able to make affirmative amendments to their portfolio.
It will also act as a decentralized vehicle in the industry to gain exposure to top-notch cryptocurrencies.
Polylastic project will offer a proper analysis regarding the cryptocurrency market, as the majority of investors strive to do research and analysis of the market, which sometimes is the reason for them to back out from making investments.
These facts prove to be robust in terms of the growth of this project, and a crypto prediction organization, Wallet Investor, makes predictions that POLX is going to reach $0.315 in 2027, which means a mammoth 150042.99% of growth. If folks make an investment of $100 today, they may see it grow to $150142.99.
Disclaimer
All the information given in this article is for informational purposes, and the author does not want to induce any investment interest. Readers are advised to conduct their own research before making any investments.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
