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Advisors receive their supply seven months after the initial distribution. This means that founders receive 33% of the founder supply one year after the initial distribution (this was around February 1, 2018), and the other 66% three years after initial distribution. Trevor Koverko is the CEO and founder of Polymath. It will be interesting to see the effect this has on the price of Polymath. The Polymath team predicts the size of the securities market to be 10 trillion by 2020. That would mean any pre-sale participants are up over 4x on their investment. Polymath was distributed through a pre-sale, and a total of 230 million POLY were released. Polymath is currently a top 75 market cap cryptocurrency and is selling for around $1.60 on Kucoin. According to the Polymath Linkedin profile, the team is located in Haggatt Hall, St. Notable advisors include Erik Voorhees and Patrick Byrne from Overstock. Polymath is led by Trevor Koverko, the New York Rangers hockey team draft pick, and tech entrepreneur. Koverko has also invested in several other cryptocurrency projects like Shapeshift.io and EOS.
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Polymath is a platform that enables the creation, issuance, and trading of financial instruments on the blockchain. The platform will allow the launch of financial services on the blockchain and create a new security token standard: ST-20. Polymath’s ST-20 token standard makes the process of creating and investing in security tokens much easier. Polymath, called by some the “Ethereum of security tokens,” is an ERC20 token that plans to be a security token platform.