Alcyone Release Notes: March 2021

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The Polymesh releases for March bring key features to the chain, some familiar from Token Studio on Ethereum, and some new to Polymesh. Each feature is ready to test on the Alcyone testnet. 

Corporate Actions 

Uses the power of blockchain to simplify the creation and receipt of corporate actions like dividends. Issuers can easily schedule record dates (checkpoints) of their tokenholders and set capital distributions using the ALCY testing stablecoin for the future, with the ability to withhold taxes and exempt tokenholders in the process. Corporate actions on Polymesh reduce time and administrative costs, leading to more effective distributions, and open the door to future improvements like tokenholder communications and other types of capital distribution. 

To test this feature, go to the Corporate Actions tab in Polymesh Token Studio.

Advanced Token Rules

Advanced token rules allow an issuer to count and limit tokenholders based on the compliance requirements of their jurisdiction. It comes in two forms: 

  • Limit the amount of tokenholders who own your security token
  • Limit the amount of your security token a single tokenholder is able to own

Once set, Polymesh automates these rules, managing to your specifications. 

To test, create and configure a token in Polymesh Token Studio.

 

If this is your first time testing Alcyone, learn more about how to get started here

Looking for a feature that has yet to be released or have feedback on what you’ve already seen? Tell us more about what you think.

 


 

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20-MINUTE LIVE DEMO

Corporate Actions on Polymesh

Automate and simplify the creation and receipt of corporate actions. This quick demo will walk you through creating and issuing a dividend on Polymesh in less than 20-minutes. 

March 24th

12pm GMT/9am ET

Hosted by Polymath Head of Tokenization, Graeme Moore

REGISTER NOW

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