What is a polyx token?

BTCC, a premier cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of its clients. Among its offerings are spot trading, where users can buy and sell cryptocurrencies at prevailing market prices, and futures trading, which allows for Leveraged positions and risk management strategies.

POLYX, the inherent currency of the Polymesh network, serves as a vital component within its ecosystem. Its primary function revolves around staking, enabling both operators and non-operators alike to participate in securing the network and earning rewards.

Beyond staking, POLYX also facilitates signalling on governance matters, empowering users to voice their opinions and preferences regarding the direction and policies of the Polymesh network. This democratic process ensures that the network evolves in line with the collective aspirations of its community.

Transactions on the Polymesh network are facilitated seamlessly through the use of POLYX. It serves as the medium of exchange, enabling users to conduct business and interact with various services offered by the platform.

The issuance of additional POLYX is a strategic decision, tied directly to the minting of block rewards. This approach ensures that the supply of POLYX remains stable and aligned with the network's growth and development.