New altcoins are emerging out of the woodwork every single day. Polymath and RChain are two top unknown coins that are top gainers today and probably unfamiliar to most – but why are they surging? Let’s find out.
What is Polymath (POLY)?
I’m sure at one point in time we’ve all seen the PolyMath ads on CoinMarketCap but what is it?
Polymath is a securities token platform based primarily on the blockchain and it gives users an easier way to coordinate with potential investors of an Initial Coin Offering (ICO) and provides financial services. When using Polymath, users are provided a decentralized protocol that ensures smooth trading of digital security tokens. The platform also requires institutions and investors to authenticate their identity, residency, and accreditation status.
The project already holds a very strong online community that is highly active. What I found most appealing is it allows ICOs to be launched in a completely legal manner. SAFT-backed ICOs are very similar and have become huge lately. If you’d like to read more details on Polymath click here.
At press time, POLY is trading for $1.05 a coin, up 32.26%, in 24 hours.
Poly coins are only traded on IDEX, Kucoin, and EtherDelta.
However, I just came across a discussion on a Bitcointalk forum pinpointing it as a potential scam. Read here.
What is RChain (RHOC)?
The RHOC token was launched in early October 2017 and has since jumped nearly 1200%. The RChain platform was designed by software engineer and mathematician Greg Meredith. On its website, RChain says it has the goal to become a blockchain solution with industrial-scale utility. It seeks to provide content delivery “at the scale of Facebook and support transactions at the speed of Visa.” Loft goals and it remains unclear their progress, as they are a new project.
However, with the coin’s growth, it seems the project has some steady backing
If you’d like to read more on its architecture, click here.
At press time, RHOC is up 27.23%, in 24 hours, trading at $2.20 a coin.
It can be traded for on the exchanges Kucoin, ChaoEX, Token Store, and EtherDelta.
Featured Image: PolyMath