PooCoin POOCOIN

What Is PooCoin (POOCOIN)?

PooCoin is a token on the Binance Smart Chain. The PooCoin app provides chart and portfolio management for the Binance Smart Chain and aims to improve on existing DEXes in several ways. It mainly aims to rival Uniswap, used for trading coins on Ethereum, and PancakeSwap, used for trading coins on BSC. Both these decentralized exchanges have native analytics interfaces but are limited in functionality, according to PooCoin. Moreover, the interface of PancakeSwap significantly lags real-time trades, in their opinion. According to PooCoin, they also do a poor job of showing price movements or individual transactions, something that Etherscan and BSCScan can do, but at the expense of usability.

While the Ethereum blockchain has Dextools as a solution for this, BSC was lacking such a solution until the emergence of PooCoin, they claim. PooCoin brings chart tracking, transaction tracking, wallet tracking and yield farm tracking to BSC, thereby facilitating trading of low-cap coins in the Binance ecosystem.

Who Are the Founders of PooCoin?

The founders behind PooCoin are anonymous, as is often the case with projects on the Binance Smart Chain. However, that is not necessarily a bad sign since many successful projects have also been launched by anonymous founders, such as Sushi, PancakeSwap, Olympus DAO and, of course, Bitcoin.

What Makes PooCoin Unique?

PooCoin has updated its application a number of times since the release to improve functionality and add new features. For example, it introduced a feature that allows users to see the entry points directly inline on the chart to facilitate tracking a trade’s progress. PooCoin also has a rug check feature that allows checking the integrity of a token. A sniper watcher enables users to track bots that are used to snipe token launches. Moreover, PooCoin features a swapping option that you can use to swap tokens directly on the PooCoin app. An external tools page showcases other useful tools for BSC conveniently in one place. A dev wallet checker checks for dodgy developer action, such as rugs, slow rugs, and developer dumps.

Besides the outlined features, PooCoin also offers a couple of premium features to coin holders. Holding at least $100 worth of POOCOIN/BNB liquidity in the liquidity pool allows users to track other traders’ wallets and disable ads. Holding at least $300 in the liquidity pool allows you to display your trades and enables the wallet transaction tab. Holding at least $2000 unlocks the final level, where users can view trending websites and tokens in more timescales and list the 100 most popular tokens.

Related Pages:

Check out Uniswap – the most popular decentralized exchange on Ethereum.

Check out Sushi (SUSHI) – another decentralized exchange.

Learn more about Safemoon — a popular community-driven coin.

Get the latest crypto news and latest trading insights with CoinMarketCap’s education portal — Alexandria.

How Many PooCoin (POOCOIN) Coins Are There in Circulation?

The total supply of POOCOIN is 10 million tokens. 25% of that is in the deployer wallet. Each transaction is charged an 8% fee, of which 4% is redistributed and 4% is burned. No more than 100,000 POOCOIN can be traded in one transaction. This is to establish price stability and create a deflationary dynamic that keeps the token rising in the long term. Many other tokens have a similar kind of burn mechanism that is to incentivize holding the coin. Most notably, Ethereum itself introduced burning part of the transaction fees as part of its latest update.

How Is the PooCoin Network Secured?

POOCOIN is a BEP-20 token on the Binance Smart Chain (BSC).

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.

When Will PooCoin Trading Begin?

PooCoin was released for general sale on March 7, 2021, on PancakeSwap.

Where Can You Buy PooCoin (POOCOIN)?

POOCOIN is available on PancakeSwap (V2). If you want to learn more about cryptocurrencies and how to start buying them, you can read more here in our education portal — Alexandria.