Is Polymesh a scam?

Asked about Polymesh (POLYX), market cap rank #452.

Short answer

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

Source: isthiscoinascam.com · Updated 2026-06-08

Red flags raised

  • Low economic security
  • No hard cap on total token supply

Positive signals

  • Official Polymesh token page explains POLYX utility including fees, staking, and governance signaling.
  • A dated third-party L1 audit exists on Hacken's site, covering Polymesh protocol changes between versions 6 and 7.
  • Official whitepaper PDF is available from Polymesh assets domain.

Security audits

2 audits on record.

  • Hacken — ongoing
  • CertiK — unknown

Team transparency

The Polymesh team is anonymous — public identities are not on record.

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