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The issue is that CryptoCompare maps "POLY" to PolyBit, and not to Polymath, which is the generally accepted mapping (there is no authority to officially define
by Aramgutang 8y ago
The issue is that CryptoCompare maps "POLY" to PolyBit, and not to Polymath, which is the generally accepted mapping (there is no authority to officially define such mappings). So you were in fact looking at some ancient mostly dead project.
As for the $82k in volume, a large chunk of that is wash trading, which is rampant in crypto, and I wouldn't read much into it.
- dagenix 8y agoIsn't a big chunk of wash trading om a dead asset an issue? Doesn't that indicate something unsavory going on? Ianal, but, my understanding is that wash trading us illegal on normal markets - and for good reason.
- Aramgutang 8y agoYes, wash trading is bad. But crypto was created to escape regulation, which comes with the good and the bad. "Go back to fiat if you want regulation" is a common mindset, though the idealists are being displaced by new entrants into the sphere, who mostly support regulation.