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![AltCryptoGems Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1372196901936848901.png) Sjuul | AltCryptoGems [@AltCryptoGems](/creator/twitter/AltCryptoGems) on x 485.5K followers
Created: 2025-07-10 09:07:46 UTC

$POLYX, the native token powering the network, serves three primary utilities:

1- Primarily to conduct transactions on the Layer X
2- Participating in governance proposals
3- Securing the network via $POLYX staking

However, $POLYX has some bonus utilities for developers to incentivize them to build on the network, as well as KYC provider rewards for verifying user identities and more.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943235687060308474/c:line.svg)

**Related Topics**
[kyc](/topic/kyc)
[staking](/topic/staking)
[governance](/topic/governance)
[stocks utilities](/topic/stocks-utilities)
[token](/topic/token)
[$polyx](/topic/$polyx)
[polymesh](/topic/polymesh)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/AltCryptoGems/status/1943235687060308474)