| 
| Pocket Network 
| #POKT
|
| POKT Price: | $0.013 | | Volume: | $237.5 K | | All Time High: | $3.11 | | Market Cap: | $20.3 M |
|
| Circulating Supply: | 1,548,739,808 |
| Exchanges: | 9
| | Total Supply: | 1,637,419,486 |
| Markets: | 10
| | Max Supply: | — |
| Pairs: | 14
|
|
The price of #POKT today is $0.013 USD.
The lowest POKT price for this period was $0, the highest was $0.013, and the exact current price of one POKT crypto coin is $0.01312.
The all-time high POKT coin price was $3.11.
Use our custom price calculator to see the hypothetical price of POKT with market cap of SOL or other crypto coins. |
The code for Pocket Network crypto currency is #POKT.
Pocket Network is 3.2 years old. |
The current market capitalization for Pocket Network is $20,316,037.
Pocket Network is ranked #455 out of all coins, by market cap (and other factors). |
The trading volume is medium during the past 24 hours for #POKT.
Today's 24-hour trading volume across all exchanges for Pocket Network is $237,490. |
| The circulating supply of POKT is 1,548,739,808 coins, which is 95% of the total coin supply. |
Dubbed as the “ultimate gaming platform around NFTs and DeFi” Seascape Network is a project we are…
POKT x Seascape: Decentralized Infra For Decentralized Gaming - Dubbed as the “ultimate gaming platform around NFTs and DeFi” Seascape Network is a project we are really proud to partner with. Not only will the Seascape Network now be powered by our unstoppable blockchain infrastructure, but they are also part of our initial list of wPOKT launch partners. This means that when you stake wPOKT in our data farming program, you are subsidizing relays for not only Seascape, but providing blockchain network bandwidth for all of our partners within the “Genesis Farm”. To read the latest news about wPOKT, start reading here. — DeFi Isn’t Just Dollars And Cents, It’s Pixels and Bits Too - When people think of Defi not many think of gaming or an NFT economy, which Seascape is changing. Defi doesn’t just mean increased efficiency, it also means freedom and interoperability. Currently, purchases in games are usually locked into that single game. In the rare cases developers allow players to transfer skins, items, and other valuables from a game to its sequel, the process is cumbersome and may incur additional fees. Also, developers would never allow assets to cross into other franchises — that would just be economical suicide (or at least that’s what the old paradigm thought). — How Seascape Changes Things - With what Seascape is building, all these limitations are now a thing of the past. Gamers can ... 
| 
Tying a Bow on wPOKT
Earlier in Q2, we announced wPOKT, a micro-economy looking to bring our innovative tokenomics and unstoppable infrastructure to Ethereum DeFi projects and Dapps. Since then we have kept our head down and worked hard, posting regular updates to our community through our newsletter and Twitter. In these weeks, we have also seen incredible excitement and received valuable community feedback, which has helped to shape wPOKT’s trajectory. At this time, the wPOKT farming app has been built by Raid Guild and is ready to go ✅ Check out the UI for the wPOKT LBP sales page designed by Raid Guild: We’ll also be using the Alchemist copper front-end for the wPOKT LBP. Overall, it will provide users with a much better experience ⚗️ The Pocket DAO and Pocket Network Foundation intend to move forward with wPOKT, the Ethereum bridge, and the LBP regardless of current market conditions. Our regen data farming program and economic flywheels are designed to add value in any market condition so recent volatility in the macro- crypto market is not of concern. After listening to the requests of our community, the timing of the wPOKT farming launch has been reevaluated to coordinate it more closely with the timing of the wPOKT<>POKT bridge launch. While the original intention was to launch wPOKT farming now and the bridge sometime in Q3, we will now be launching wPOKT a bit later, so that the gap between the wPOKT farming launch ...
| 
Economic Flywheels of wPOKT and POKT | wPOKT ELI5 Series
Before jumping into the tokenomic flywheels, let’s first go over a Pocket economics primer. Pocket Network is an application-specific proof of stake blockchain that employs the use of its native utility cryptocurrency POKT to create a permissionless, two-sided marketplace between node operators who run full nodes and developers that want to query from any blockchain for their application or service. Due to the unique incentives on each side of the marketplace, POKT staking differs between both parties. On the application side of the marketplace, developers stake POKT once for a guaranteed amount of blockchain network bandwidth (measured in relays) for the lifetime of the bond. The amount of POKT required to be staked is directly proportional to the relay throughput needed or expected for an application. At the moment, 1 POKT equates to 1.67 relays each session (a session is about one hour long). Because the POKT token staking mechanics eliminate recurring payments to centralized blockchain infrastructure providers, it vastly reduces the cost of infrastructure to near-zero over the lifecycle of an application. The longer an application uses Pocket Network, the more value it can extract from the protocol. After a few months of usage, the service essentially becomes free! On the node side of the marketplace, node operators are required stake POKT on a per node basis with a minimum stake 15k+ POKT for each node that wants to ...
| 
How wPOKT Staking Subsidizes Infrastructure for Free Tier Applications? | wPOKT ELI5 Series
As mentioned in the previous episode of this series, the wPOKT erc20 token let’s Pocket Network tap into the programmable composability and utility of Ethereum smart contracts, including our very own wPOKT farming program! By forking Ampleforth’s contract, we’re building a micro-economy that enables DApp end-users to get more involved in the web3 ecosystem. Giving users the opportunity to crowdsource infrastructure access on behalf of their favorite applications while earning a wPOKT yield — Regenerative Finance. What do we mean by crowdsourcing infrastructure access? It’s another way of saying that users (or regen farmers) are subsidizing the daily blockchain network bandwidth of applications allotted within our free tier program, covering up to 1,000,000 requests per day. Rather than paying Infura or Alchemy a few hundred dollars per month, applications can instead ask community members to cover their blockchain infrastructure costs. How? By staking wPOKT on their behalf in exchange for wPOKT rewards! For every wPOKT staked in the program, Pocket Network stakes the equivalent for applications participating in the farm(s). Currently, relay throughput of 1M daily requests requires a one-time stake of ~25,000 POKT. Essentially, farmers will be collectively staking an average of 25k wPOKT per application participating in the wPOKT data farming program. The first wPOKT regen data farm sponsors the daily relay th...
| 
What is wPOKT? | wPOKT ELI5 Series
Wrapped POKT (wPOKT) is an ERC20 token backed 1:1 by POKT from the Pocket Network blockchain. The POKT backing wPOKT is held by a multi-signature POKT wallet where the underlying tokens will be publicly verifiable through checking the address on our block explorer. The staking farm contracts are going to hold the staked wPOKT tokens as well as the wPOKT tokens for distribution, both of which will be accountable for on-chain. Standardizing POKT to the ERC20 token format as wPOKT enables Pocket Network to leverage the unparalleled composability and bottomless liquidity of Ethereum. In other words, the ERC20 token standard transforms an infrastructure lego (POKT) on Pocket Network into a money lego (wPOKT) with heaps of additional utility on Ethereum. As a money lego, wPOKT can plug into other DeFi platforms such as borrowing/lending protocols like Compound or Aave. In this hypothetical example, Compound cwPOKT or Aave awPOKT would enable a future where farmers to borrow enough wPOKT to become a node runner by moving wPOKT across the POKT<>wPOKT token bridge and staking the minimum required POKT to participate in Pocket Network’s work economy. On the flipside, Pocket node runners would be able to transfer POKT earnings across the POKT<>wPOKT token bridge and lend wPOKT to farmers to earn an interest or participate in the wPOKT farming program themselves to earn an yield. Because the on-chain data is openly availab...
| 
Since Pocket’s mainnet launch, node operators have generated 10M POKT in network revenue that has…
Since Pocket’s mainnet launch, node operators have generated 10M POKT in network revenue that has been distributed by the protocol among nodes, block producers, and the Pocket DAO.. — After several months of keeping this news under wraps, we’re excited to finally share the story: After 6 months, we concluded our public sale in January totaling $9.3M with strategic purchasers including Blockchain.com, Eden Block, DACM, and over 200 other node runners to power decentralized data infrastructure for Web 3.0 applications. In 2017, we began writing the first smart contracts for Pocket Network. After years of iteration, we launched Pocket Network on July 28th, 2020 as an independent, application-specific blockchain. Today it is a thriving ecosystem with over 3,600 nodes around the world supporting millions of daily requests for production web3 applications. Throughout the years, the vision for Pocket Network has remained unchanged: To provide censorship-resistant full node infrastructure for web3. This is an ambitious undertaking, but we have made significant strides to that end. While we are just scratching the surface, we believe that web3 will be touching millions, and eventually billions of users around the world over the next decade providing ample room for Pocket to grow. With this growth and the thousands of protocols increasingly becoming interconnected, the needs for open blockchain data are going to exponential...
| 
wPokt Launch: Subsidized Infrastructure Through Regen Finance
Pocket Network is proud to announce the upcoming launch of wPOKT, a fully collateralized ERC-20 token version of our POKT token, which is slated for Q2 this year. Also, a novel regen finance data farming program comes with the launch of wPOKT changing how farmers think of yield. — Oh? You don’t know what POKT is anon-kun?. — First of all, NGMI. That is, unless you read this of course. Pocket Network is essentially a blockchain agnostic protocol that incentivizes full nodes and decentralizes dAPP infrastructure. POKT is staked in exchange for a proportional amount of relays for the lifetime of the staked POKT. Currently, the ratio is 1 POKT to 1.67 relays per session (each session lasts 6 blocks or roughly 1 hour). As infrastructure demands increase for a particular app or protocol, more POKT can be staked. If the project is scrapped, the POKT can be unstaked, allowing developers to recover which was once a sunken cost. This innovative tokenomics model reduces infrastructure costs by 10x, and removes the largest central point of failure for majority of projects using Infura, AWS, etc. Find out why Decrypt calls us “Web 3’s answer to Amazon Web Services” here. — Why Wrapped POKT?. — While we believe that the future of finance will be multi-chain and are actively positioning ourselves to be the decentralized infrastructure protocol of choice, the current future of finance is firmly on Ethereu...
| 
Hitting One Billion Relays
Pocket Network launched its mainnet protocol on July 28th. We just broke a billion relays through the network! This is still quite small in comparison to the total available market of applications and the network’s capacity to handle billions daily. But we’ve been on a roll lately. 1B relays translates into multiple millions of POKT generated as network revenue earned by node runners, block producers, and the Pocket DAO. Full-node incentives are working today: twitter.com Pocket Network is a developer-driven protocol. In the last few months, Pocket Network has demonstrated its value propositions across multiple blockchains with several application use cases ranging from wallets to analytic platforms to games to token bridges to an array of diverse hackathon projects. As a unified blockchain API layer, the ubiquity of Pocket enables it to support a wide range of use cases. We’d like to take this opportunity to thank the apps, tools, and L2s that understood the value of Pocket at its earliest stages: MyCrypto, EthersJS, Zapper, Saturn Network, Tokenlog, ERCGraph, SKALE, Fuse, A hat tip to the web3 end-users who take decentralization and privacy seriously by using a Pocket-powered Ethereum RPC endpoint within their MetaMask wallet or xDAI RPC endpoint while playing Dark Forest. It is important to note that if you use an application or service with custom RPC settings, you can plug Pocket right in without worrying ab...
| 
EthersJS (Ethers.io) adds Pocket Network as a default infrastructure API
Decentralized Node Infrastructure is now available for those who use this library.. — EthersJS, one of the most popular Ethereum Javascript SDKs, and complete libraries for interacting with Ethereum mainnet has now added Pocket Network’s APIs to their default providers API key section. This means that many of the Ethereum dapps using EthersJS can interface with the Ethereum network through Pocket’s decentralized infrastructure, mitigating the risk of trusting centralized infras. DApp developers are increasingly worried about relying on centralized services for their infrastructure, especially after Infura went down on November 11th. Pocket can now provide EthersJS users with infrastructure that is decentralized, more reliable, and cost-effective. Some of the benefits of using Pocket provides are: Unparalleled redundancy and censorship-resistance due to a diversity of independently run full nodes from all over the world., Cost-effective at any scale — Because Pocket business’ model is not rent-seeking, it uses its economies of scale to lower the costs of infrastructure and pass the value directly to node operators, without sacrificing security., Emergent privacy through randomness — Unlike centralized infrastructures that log application metadata, Pocket pairs applications with 5 random nodes in the network every hour., Multi-chain interface — whether it’s Ethereum Testnets or Ethereum Mainn...
| 
OG Web3 interface MyCrypto adds support for decentralized infra provider Pocket Network
One of the longest-running, most credible, and outright leaders in Ethereum, MyCrypto has added Pocket Network to its default network provider list. This now gives users the option to choose a decentralized Ethereum network provider, alongside Infura, Etherscan, and MyCrypto’s node infra. A value that we both share. Decentralization for the sake of decentralization is not always the best approach, that was so 2017, but in the case of full node infrastructure for public networks like Ethereum, a diverse and distributed node network is paramount to the network’s health and resiliency. If all of Ethereum’s application data is consolidated into a few Web2-like SaaS businesses’ that depend heavily on Cloud monopolies, is it actually decentralized?Is this decentralization? meme twitter.com To be clear, these services do provide value to their customers and there is no bus to throw them under, we all want Ethereum and other amazing crypto projects to succeed. But because most of us understand the risks of node counts decreasing and centralizing, then Pocket’s solution which provides unparalleled redundancy, resiliency, and censorship-resistance is something that we are happy to push with confidence. It makes us very excited that the team at MyCrypto is aligned here. “Adding Pocket Network to our list of default Ethereum nodes was a no-brainer. One of the key ideals of blockchain is decentralization, and Pocket is a pi...
|
|
|
|
|
Crypto Coin Prices and News 