Polymath (POLY) currently ranked as the 85th largest currency is seen in a definite surge with November 26th arriving with a major rebound throughout the entire cryptocurrency market.
Two weeks ago, the POLY team also released the latest version of the system called 2.0.0. The latest update comes with new features that are said to be coming at a certain cost as stated by one of the team representatives.
However, the latest version came with new features that should improve the experience of issuing and creating security tokens with Polymath network.
Polymath is said to be doing for securities what “Ethereum did for tokens,” as described on their official website, which pretty much sums up the purpose of POLY in the blockchain space.
POLY Rising by Over 32% in the Last 24 Hours, Weeks After 2.0.0 Release
Polymath is dedicated to tokenizing securities and as such is said to be able to do for securities what Ethereum did for tokens.
That is how Polymath network allows for the issuance of regulated, government compliant, legal assets with a new standard. So, just like Ethereum network enables the issuance of ERC20 type tokens, Polymath network enables its users to issue as many ST20 type tokens they like.
With the latest version, 2.0.0, the team brought some new features to the network, as Polymath Core was updated to allow the users to read the value of their securities in fiat as well besides from ETH and POLY.
Some of the new features now support tax withholding, forced transfers, address exclusion on dividends, as well as support for in-place upgradeability.
After weeks of dropping with the dipping market, POLY is also seen up by over 32% in a single day, trading at the price of 0.13$.
However, the effects of the latest dip are still present, not only on POLY charts but across the entire cryptocurrency market, while Polymath is still down by over -34% against the fiat in the course of the last seven days.