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Polymesh

Overview

Polymesh (POLYX) is the native asset of the Polymesh blockchain. It is designed specifically for regulated assets and utilizes:

  • Nominated Proof-of-stake (NPoS) model
  • Ed25519 signature algorithm

Polymesh focuses on identity, compliance, confidentiality, and governance to enable institutions to securely issue and manage security tokens.

Explorer

https://polymesh.subscan.io/

Wallets Types

BitGo enables holding polyx in the following wallet types:

Multisig ColdMultisig HotMPC ColdMPC Hot
Custody❌❌✅❌
Self-Custody❌❌✅✅

Ticker Symbols

MainnetTestnet
POLYXTPOLYX

Units

The smallest unit for the Polymesh chain is micro POLYX (uPOLYX):

  • 1 uPOLYX = 0.000001 POLYX
  • 10^6 uPOLYX = 1.000000 POLYX

BitGo recommends using string format to avoid numeric precision issues in balances.

Native Token

POLYX is the native token of the Polymesh network and is required for paying transaction fees and performing operations on the chain.

Fees

Polymesh fees are deterministic and vary depending on the type of transaction. They typically consist of:

  • A base fee associated with each transaction type
  • An additional weight fee based on execution complexity

Example:

fee = base_fee + weight_fee

A small minimum balance of 0.000001 POLYX is required to initialize accounts.

Create wallets

  • cURL
  • JavaScript
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LABEL="My Polymesh Wallet"
PASSPHRASE="secretpassphrasexyz"

curl -X POST \
-H "Content-Type: application/json" \
-H "Authorization: Bearer $ACCESS_TOKEN" \
-d "{ \"label\": \"$LABEL\", \"passphrase\": \"$PASSPHRASE\", \"multisigType\": \"tss\" }" \
http://$BITGO_EXPRESS_HOST:3080/api/v2/tpolyx/wallet/generate

Estimate Fee

  • cURL
  • JavaScript
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export COIN="tpolyx"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"

curl -X GET \
 https://app.bitgo-test.com/api/v2/$COIN/tx/fee \
 -H 'Content-Type: application/json' \
 -H "Authorization: Bearer $ACCESS_TOKEN"

Transact

  • cURL
  • JavaScript
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export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>"
export COIN="tpolyx"
export WALLET_ID="<YOUR_WALLET_ID>"
export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
export ADDRESS="<DESTINATION_ADDRESS>"
export AMOUNT="<AMOUNT_IN_BASE_UNITS>"
export WALLET_PASSPHRASE="<YOUR_WALLET_PASSPHRASE>"

curl -X POST \
  http://$BITGO_EXPRESS_HOST:3080/api/v2/$COIN/wallet/$WALLET_ID/sendcoins \
  -H 'Content-Type: application/json' \
  -H "Authorization: Bearer $ACCESS_TOKEN" \
  -d '{
    "address": "'"$ADDRESS"'",
    "amount": "'"$AMOUNT"'",
    "walletPassphrase": "'"$WALLET_PASSPHRASE"'"
}'