This article was first published on PolymathNetwork - Medium
We envision a world where security tokens are the default form factor for securities, enabling a true upgrade to the existing financial system with increased liquidity, efficiency, and transparency. To achieve this, Polymath has built the world’s first decentralized protocol that acts as the interface between financial securities and the blockchain. Additionally, the Polymath Token Studio acts as an easy-to-use, self-serve application that makes it easy to create a security token with customizable features.
The Layers of Polymath
Layer 4: Marketplace
The marketplace includes work from Polymath’s internal developers as well as external developers. In the marketplace, developers can offer up modules and STO smart contracts for issuers to use. Issuers then select modules to customize their security token and STO based on their specific situation. In the future when an issuers needs to select the features of their token and their STO smart contract, there may be several different modules to choose between for dividends, voting, volume transfer restrictions, and so on.
At the present moment, the marketplace contains modules built only by Polymath, but we hope to open it up to external developers shortly.
Layer 3: Polymath Token Studio
The Polymath Token Studio allows issuers to create their customizable token and launch their own STO by going through the following processes:
- Registering a Token Symbol
- Choosing Providers (Advisors, Legal, KYC/AML, Marketing, Custody)
- Creating a Token
- Setting Up Offering Details
- Whitelisting Investors To Participate In the STO
The Token Studio greatly lowers the barriers to entry for businesses looking to create tokenized securities to their own specifications.
Note: The Polymath Token Studio dApp can be used on both the “Kovan Test Network” and the “Main Ethereum Network” by simply selecting the appropriate network in MetaMask.
To test out the process of creating a security token and STO, visit this link for guidance: https://blog.polymath....
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PolymathNetwork - Medium