Welcome to the 60-second Crypto Gem by KuCoin. Today, we will be talking about Polylastic and its native token, POLX. Currently, the price tracking websites of cryptocurrencies are not able to update real-time changes in supply nor accurately reflect the given movement of an elastic token, while the Polylastic aims to to curate, track, demystify and represent the world of Elastic Finance through the Polylastic aggregator and its native token, POLX. The Polylastic Index will include elastic cryptocurrencies, seigniorage tokens, algorithmic stablecoins, cash systems, etc. The index is weighted based on the value of community support measured by the number of stakers, as well as the market cap of the token. The POLX token is a deflationary, fee-earning token used for governance and weighting the index according to delegated stake. The value of the token will increase as the index performs and earns fees from growth. This has been the 60-second Crypto Gem by KuCoin, see you next time.

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