Polylastic PricePOLXInactive

What is Polylastic (POLX)?

Polylastic (POLX) is a digital finance index protocol built to offer diversified cryptocurrency portfolios through a single token. Powered by Polygon, the project positions itself as an aggregator of Elastic Finance (EFi), giving holders exposure to a curated basket of digital assets that track the performance of the broader crypto market. The protocol combines index products, a staking and voting system, and a deflationary token model into one ecosystem.

The POLX token underpins the entire platform. It is used for governance, for weighting the index according to delegated stake, and for participating in the community-driven index. The token is described as deflationary and fee-earning, with a proprietary tiered-taxation structure managing its economic model. Total supply and maximum supply stand at 98,251,501,368 POLX, while circulating supply is approximately 67,007,683,334 POLX, representing roughly 68% of the total. The Polylastic Token has been migrated, and the current contract address on Polygon is 0x187ae45f2d361cbce37c6a8622119c91148f261b.

Key Specifications & Tokenomics

• Name: Polylastic
• Ticker / Symbol: POLX
• Blockchain / Platform: Polygon
• Contract Address (Polygon): 0x187ae45f2d361cbce37c6a8622119c91148f261b
• Explorer: polygonscan.com
• Asset Type: Token
• Category: Index Funds, Synthetics, DEX, BNB Chain Ecosystem, Polygon Ecosystem
• Total Supply: 98,251,501,368 POLX
• Max Supply: 98,251,501,368 POLX
• Circulating Supply: 67,007,683,334 POLX
• Circulating Supply Percentage: 68%
• Mineable: No
• Premined: No
• CertiK Rating: 3.9
• Migration Status: POLX V2 contract has migrated to V3 on Polygon

Who created Polylastic?

Polylastic was founded in 2021 by VJ Ibones, who serves as Marketing Director and is described as the main founder of the project. The company is based in San Francisco, United States. The core team includes KD Likakis as Strategist, Brandon Xavier as Business Developer, and Niko Sairanen as a team member. The project conducted IDO funding rounds; fundraising details are tracked on CryptoRank.

How does Polylastic work?

Polylastic operates on the Polygon blockchain, a scalable platform known for efficiency and low transaction costs. The protocol functions as an Elastic Finance aggregator, using its native POLX token to give users a comprehensive view of ecosystem growth. Its core mechanism is a staking and voting system that lets token holders actively participate in the project's development and governance.

Index products are designed based on risk models, catering to different risk appetites so users can make informed investment decisions. POLX is used for governance and for weighting the index according to delegated stake. At launch, the tracked projects within the index are determined by the Polylastic team, and additional projects may be identified by the team through governance. The platform also employs a proprietary tiered-taxation structure to manage the economic model of the POLX token. The project describes itself as committed to interoperability within the blockchain space.

What makes Polylastic unique and valuable?

Polylastic differentiates itself by combining index investing with active governance and staking in a single token. Holders gain access to diversified crypto portfolios without needing to assemble individual positions, and the indexes are meticulously designed around risk models rather than simple market-cap weighting. The project describes its staking proposition as a distinctive mechanism that allows holders to earn rewards while contributing to network security and stability.

The POLX token is deflationary and fee-earning, and the platform argues that as the DeFi space advances and the index performs, the token becomes scarce and valuable. Governance rights give holders direct influence over the project's trajectory, including the ability to vote on measures and shape which projects are tracked. The EFi aggregator provides a consolidated view of Elastic Finance growth, positioning Polylastic at the intersection of index funds, synthetics, and decentralized governance.

What is Polylastic used for?

The primary use of POLX is access to Polylastic's suite of digital asset indexes, which track token performance across the evolving digital finance industry. Token holders can vote on various measures pertaining to the project, and POLX is used to weight the index according to delegated stake. Staking allows holders to earn rewards while supporting the network's security and stability.

POLX also grants exclusive access to Polylastic's community-driven index and ecosystem. The token's deflationary design and fee-earning characteristics mean its utility expands as the platform's index products gain adoption. The protocol's EFi aggregator and staking/voting system together empower users to participate in both the economic and governance layers of the project.

How Is the Polylastic ecosystem developing?

Polylastic has announced the launch of its first premium set of crypto index products, enabling POLX holders to access diversified crypto portfolios with a single token. The ecosystem centers on the EFi aggregator, the staking and voting system, and the community-driven index. Index weighting is tied to delegated stake, aligning governance participation with economic exposure.

The Polylastic Token has been migrated, and the current contract address on Polygon is 0x187ae45f2d361cbce37c6a8622119c91148f261b. POLX is tracked on major data platforms including CoinMarketCap, Coinbase, Crypto.com, and CryptoRank, and is available on decentralized markets. The project is tagged under both the BNB Chain Ecosystem and the Polygon Ecosystem, and it maintains an active presence on X, GitHub, and community channels.

On September 26, 2024, Polylastic published a community update regarding the Special Treatment (ST) tag applied to the POLX token by KuCoin. On October 1, 2024, Polylastic announced that KuCoin had officially delisted the POLX token, describing the news as a surprise to the team and community.

How to mine Polylastic?

POLX is a token on the Polygon network and is not obtained through proof-of-work mining; participation is achieved through staking. POLX holders lock their tokens to earn rewards while contributing to the network's security and stability. The project describes its staking proposition as a distinctive mechanism.

Because the token runs on Polygon, staking and index participation are handled through smart contracts rather than mining hardware. Holders who wish to support the ecosystem and earn rewards should use the official staking pathways provided by the project. The deflationary and fee-earning design of POLX means that active participation, rather than computational mining, is the primary way to engage with the network.

How to keep your Polylastic Coin safe?

Because POLX is a Polygon-based token, storing it safely begins with choosing a wallet that supports the Polygon network. Non-custodial wallets let you control your own private keys, which is the most secure approach for long-term holdings. Always back up your seed phrase offline and never share it with anyone, as anyone with access to it can move your funds.

When interacting with staking or index contracts, verify that you are using official links from the project's website or documentation before approving transactions. Be cautious of unsolicited messages, fake airdrops, and phishing sites that imitate legitimate crypto platforms. Since POLX has undergone a contract migration to V3 on Polygon, confirm you are interacting with the current contract address when adding the token to your wallet. As with all cryptocurrency investments, monitor market performance closely and be aware of the associated risks, including low liquidity and significant price uncertainty.