Polymesh (POLYX) is the native token of the Polymesh blockchain, a platform designed for security tokens. POLYX is used for transaction fees, staking, and governance within the ecosystem. Polymesh, tailored for the creation and management of regulated security tokens, addresses regulatory concerns and streamlines compliance processes for businesses in the securities industry. POLYX ensures the network’s security and decentralization. Polymath created Polymesh and POLYX, with the genesis block launched in October 2021 by the Polymesh Association.