RE: Running Security Token on Polymath - is it a REVOLUTION? (tutorial included) by crypto.piotr

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crypto · @crypto.piotr · Dec 4 '18

$0.08

hi @hatu

Would you consider comparing Polymath to platforms like Waves, Bitshares or Eos?

yours
Piotr

👍 hatu

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@hatu · Dec 4 '18 (edited)

I really feel that for a security token platform to become Ethereum's equivalent in the STO market, the platform needs: 

1. Internal Exchange: Not much value to STOs if they lack the liquidity that had made ICO tokens so popular. The most popular Crypto exchanges are not approved to trade STOs. LAtoken is meant to work on filling this gap but there hasn't been much progress on their part. 

2. Bureaucratic Experience: Once you enter securities, things become more *traditional.* As CCN once reported, SEC denied Gemini's Bitcoin ETF because the twins didn't *look the part.*

👍 crypto.piotr, thegames

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@crypto.piotr · Dec 8 '18

hi @hatu

Thanks for your valuable comment

Why it does have to be an internal exchange? Polymath seems to be working well with tzero and that seems to be solution good enough. Or perhaps Im missing on something?

Definitely, current exchanges cannot be taken into consideration. I don't think that there can be any exchange which would allow trading both ICO and STO.

Yours
Piotr

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@hatu · Dec 8 '18 (edited)

What does Polymath do? 
From this article, it seems that it just provides a platform to launch tokens for a very high cost. It seems to be nothing more than an ICO agency dedicated to security tokens.

<br>

Why is an internal exchange important?
Well...

**What good are security tokens if there's no secondary market for them?**

Current cryptocurrency exchanges cannot support them. A real STO platform is in reality an exchange that can support security tokens. Sure, they can even place an ICO launch platform in it; that won't take much effort.

On a closing note, I genuinely wonder what did Polymath spend its $200M+ ICO funds. Ethereum, Binance, NEO, ICON, MIOTA combined, were built with a fraction of that.

👍 crypto.piotr, thegames

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1 reply

@udow · Dec 4 '18

I wonder if STOs is not just another name for stocks?
Maybe they cost a few cents instead of dollars or euros, but the principle is the same, isn't it?

👍 schachoberhessen

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@hatu · Dec 5 '18

No, it's beyond stock, as those represent equity in a company. 
STOs are, potentially, backed by any financial security or asset.

👍 udow, thegames

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1 reply