I haven’t read a lot into polymath so I can’t comment but a similar coin is doing the same and it’s one of my favourite projects. Check out raven coin.
Raven want to build a blockchain that is specifically used to trade tokonised assets forked from bitcoins code.
"Ravencoin is Free and Open Source Software.
This code and project belongs to the users and is not controlled by any central authority.
No user needs permission to use, build on or develop the Ravencoin code and Ravencoin blockchain.
Thank you to all contributors."
I have also been looking at the guy who created it, Bruce Fenton. This guy is the founder of satoshi round table with attendees like Adam Back blockstream CEO, Shapeshift CEO Erik Voorhees and Bitcoin Core developers Peter Todd and Eric Lombrozo. Overstock CEO Patrick M. Byrne
Some very big connections there.
No ICO, No premine, brand new asic resistant algo.
there seems to be no urgency in the project, maybe because the lack of marketing. It may amount to nothing but I do think coins with this kind of backing and fair distribution don’t come along often, these days it seems like ICO’s and the company’s or teams take a large cut of the funds raised so I’m willing to take a punt with as we don’t know when Something similar will come along again. I’m holding this for long term though not for short to mid term profits so I don’t mind if the price drops.
There are quite a few negatives, no decent whitepaper, website is limited, no roadmaps, high starting market cap but like I said I’m willing to gamble a small amount that I am willing to lose just because of the connections Bruce Fenton has,