Polymesh (POLYX)
Unlock Schedule
Polymesh (POLYX) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Polymesh (POLYX) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence POLYX price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Economic Model
POLYX is the protocol coin used to pay transaction and protocol fees, secure the chain through staking, and participate in governance through Polymesh Improvement Proposals (PIPs). New POLYX is minted as block rewards on a schedule designed to encourage a healthy staking ratio. The issuance follows an asymptotic curve: annual minting is capped at 14% of total supply and transitions to a fixed issuance of 140 million POLYX per year once total supply reaches 1 billion. Rewards are tuned to target around 70% of POLYX staked, increasing when staking participation is low and decreasing when it is high. (polymesh.network)
Governance and Upgrades
Any verified POLYX holder can signal support for PIPs, while committees and a Governing Council review and enact changes. This approach supports forkless, scheduled upgrades and permissioning of key roles such as node operators and CDD providers. It balances community input with expert oversight suited to a regulated environment. (developers.polymesh.network)
Utility in Practice
- Fees: POLYX is used for network fees and asset‑level operations.
- Staking: Holders stake POLYX to secure the network and share in rewards from validator commissions.
- Governance: POLYX holders signal on PIPs and help shape protocol direction.
- Asset Functionality: POLYX powers the management of regulated tokens on Polymesh, including issuance, compliance configuration, and settlement actions. (academy.binance.com)
From POLY to POLYX
Polymesh launched with a bridge to upgrade the older ERC‑20 token (POLY) to POLYX on the new chain. The bridge closed in 2024 after facilitating a large migration, simplifying the supply model to future staking issuance only. Some exchanges also supported a swap for users during that period. (polymesh.network)
Assumptions
- Total supply is uncapped.
Official docs state new POLYX is minted each era with no fixed max supply; issuance governed by reward curve and caps.
- Bridge migration volume modeled as 890,000,000 POLYX linearly from 2021-10-28 to 2024-02-29.
Official blog says 'over 890 million' POLY bridged when bridge closed on 2024-02-29; exact month-by-month data not published, so a linear profile is used for charting.
- Treasury/Grants distribution modeled as a 10-year linear schedule.
Polymesh Association was equipped with 250M POLYX at mainnet; no public vesting cadence. Linear proxy enables monthly visualization without overfitting unknown grant timing.
- PoS rewards totals to date estimated from explorer ‘Total Issuance’ minus known bridge and treasury amounts; split into two periods around the 1B supply threshold.
Subscan shows Total Issuance ~1.189B POLYX as of access; subtracting 890M (bridge) and 250M (treasury) yields ~49M minted via PoS. Split roughly evenly across pre-/post-1B periods due to similar durations; actual era rewards vary with staking ratio.
- Percent_total figures are approximate and based on Subscan Total Issuance at access time (not a hard cap).
Since supply is uncapped and increases over time, percentages are snapshot approximations for readability.
- 1. https://polymesh.network/blog/polymesh-mainnet-is-live
- 2. https://polymesh.network/blog/polymesh-celebrates-closure-of-poly-to-polyx-upgrade-bridge
- 3. https://polymesh.network/tokenomics
- 4. https://developers.polymesh.network/polyx/tokenomics/
- 5. https://developers.polymesh.network/polyx/staking/
- 6. https://polymesh.network/blog/staking-and-staking-rewards-explained
- 7. https://polymesh.network/about-polymesh
- 8. https://polymesh.subscan.io/
Allocations
Description
#498
Polymesh is an institutional-grade, permissioned blockchain tailored specifically for regulated assets, designed to streamline outdated processes and facilitate the creation of new financial instruments. It addresses key challenges in governance, identity, compliance, confidentiality, and settlement, making it a robust platform for security tokens.
| Sector: | RWA |
| Blockchain: | Polkadot |