Is Polymath a scam?

Asked about Polymath (POLY), market cap rank #2399.

Short answer

Polymath (POLY) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.

Source: isthiscoinascam.com · Updated 2026-06-07

Red flags raised

  • Not listed on any high-trust exchange
  • No recent code commits
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Top 10 wallets hold more than 70% of supply
  • Less than 50% of supply is circulating
  • Very low on-chain liquidity

Positive signals

  • Strong backing from reputable investors
  • Comprehensive audits by CertiK
  • Clear and detailed whitepaper
  • Active and engaged community
  • Transparent tokenomics

Security audits

2 audits on record.

  • CertiK (2015-11-01) — pass
  • CertiK (2018-11-01) — pass

Team transparency

The Polymath team is doxxed — public identities are known.

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