Polymath (POLY) is a blockchain platform that aims to connect investors, experts, KYC providers and smart contract developers for the issuance of and investment in securities tokens. The token standard by Polymath network (ST-20) was created to combine regulatory requirements with smart contracts technology.
The Polymath token, POLY, is used as the internal payment currency of the platform. The token is also used for the further development of the Polymath network. Issuers pay a commission in POLY coins to create and issue securities.