The Polylastic (POLX) Index is designed to track the performance of tokens within the growing Elastic Finance industry (EFi). Our index will include resilient cryptocurrencies, seigniorage tokens, algorithmic stablecoins, cash systems and whatever comes next. The index is weighted according to the value of community support measured by the number of stakeholders as well as the market capitalization of the token.
The POLX token is a deflationary fee token used for governance and weighted indices based on delegated stake. As the index performs and earns fees from growth, 100% of the revenue is used to purchase tokens on the open market, permanently removing them from the total supply. As the EFi space grows, POLX tokens are becoming increasingly scarce.