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Polyhedra Network (ZK)

Past
Total Raise: $45,000,000
Date: 21 Feb - 19 Mar

Polyhedra Network is a blockchain infrastructure provider powered by the Zero-knowledge Proof technology. It facilitates communication between various L1 and L2 networks, leveraging a LayerZero interoperability protocol, to foster scalability and privacy. 

Recognizing the potential of blockchain interoperability and the pivotal role played by Polyhedra crypto platform in the industry, top-tier funds such as Polychain, Hashkey, Binance Labs, and others, collectively invested over $45 million in the company.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Polyhedra Network Overview

Ticker: ZK
Country: Singapore
Founded: 2022
Whitelist: No
Blockchain Network: Ethereum, Binance Smart Chain, Linea, Base, Arbitrum, Optimism, opBNB, Mantle, Polygon.
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IEO, Equity
Security Audit: Yes

Polyhedra Network Review

Polyhedra Network is a decentralized platform providing infrastructure for Web3 scalability and interoperability. It supports more than twenty different chain networks, including BNB Chain, Ethereum, Arbitrum, and Polygon. The platform offers a range of key features, including:

  • zkBridge: A trustless cross-chain bridge powered by Zero-Knowledge Proof technology. It enables users to transfer cryptocurrencies, NFTs, and play Web3 games across over nine chain networks, including Ethereum, Binance Smart Chain, Linea, Base, Arbitrum, Optimism, opBNB, Mantle, and Polygon.
  • zkLightClient: Integration with the LayerZero messaging protocol, allowing developers to seamlessly build cross-chain applications with an additional layer of security provided by Polyhedra Network.

Recently, the company officially confirmed the release and subsequent airdrop of its native $ZK token. However, there is no information regarding the token utility in Polyhedra's documentation. The CoinLaunch team assumes that the Polyhedra Network token will power decentralized governance and distributed proof generation networks within the platform.

Taking this information into consideration, the CoinLaunch team analyzed Polyhedra Network based on eight key metrics and found some pros and cons you might want to consider before investing in the Polyhedra token ($ZK):

 

Polyhedra Network pros:

  • Interesting concept and mission carried by Polyhedra Network.
  • Very strong PR, SMM, Influencer and Growth marketing performance;
  •  The company has  robust network of top tier funds funds including Polychain, Hashkey Capital, Binance Labs, OKX Ventures and others;
  • The platform recently conducted IEOs on Gate.io and OKX exchanges, indicating strong support from crypto exchanges for the project.

Polyhedra Network cons:

  • Lack of transparency in tokenomics: there is no information regarding token initial circulation supply and token utility provided by the Polyhedra crypto platform.
  • There’s no vesting schedule of $ZK provided by Polyhedra;
  • Absence of security audits from top-tier auditors. However, according to Certik's website, they are currently auditing the project.
  • Recently, Polyhedra's wallet experienced theft of over $700k worth of THETA tokens, although it is not related to smart contract vulnerabilities.
  • Weak marketing infrastructure;
  • Lack of publicly available information regarding the founders and C-levels of the project.

Polyhedra Network Token Economy

Total Raise: $45,000,000
Total Supply: 1,000,000,000
Private/Pre-sale: 280,000,000 (28%)
Public Sale: 6,000,000 (0.6%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Polyhedra Network Token Sale (ICO & IDO) Rounds

IEO: 15 Mar - 19 Mar

Price: N/A
Tokens for sale: 6,000,000
Raise: N/A
Lock-Up: No lock-up
Launchpad: OKX logo OKX Jumpstart
Strategic: 21 Feb - 21 Feb

Price: N/A
Tokens for sale: N/A
Raise: $10,000,000
Lock-Up: N/A
Private: 04 Apr - 05 Apr

Price: N/A
Tokens for sale: N/A
Raise: $15,000,000
Lock-Up: N/A
Private: 10 Jan - 11 Jan

Price: N/A
Tokens for sale: N/A
Raise: N/A
Lock-Up: N/A
Private: 14 Mar - 14 Mar

Price: N/A
Tokens for sale: N/A
Raise: $20,000,000
Lock-Up: N/A
IEO: 19 Mar - 19 Mar

Price: $1
Tokens for sale: 40,000
Raise: $40,000
Lock-Up: No lock-up

Polyhedra Network Funds and Backers
(3/20)

Submit
Polychain Capital logo
Polychain Capital
Score: Very High
10 numbers of
investment
Read More
Hashkey Capital logo
HashKey Capital
Score: High
8 numbers of
investment
Read More
OKX Ventures logo
OKX Ventures
Score:
6 numbers of
investment
Read More
View All

Polyhedra Network Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  19 Mar 2024 Upgrade

Polyhedra Network Team

James Zhang
CEO
Tiancheng Xie
Tiancheng Xie
CTO
Eric Vreeland
Eric Vreeland
Chief Strategy Officer

Polyhedra Network News

Polyhedra Network Roadmap

Apr 2023

Mainnet Launch;

Aug 2023

zkBridge Mainnet Alpha Launch;

June 2023

Integrating zkBridge on layerZero;

Nov 2023

Reducing Gas Fees with a Batch Proof;

Mar 2024

TGE & Listing

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