The world of cryptocurrency is interesting and creative at the same time. A new cryptocurrency exchange by the name of PooCoin has been introduced where you can buy/sell newly listed coins. The PooCoin platform is in competition with PancakeSwap and UniSwap.
PooCoin was founded by anonymous founders in 2021 on Binance Smart Chain. While many see anonymity as suspicious, the Crypto industry is brimming with many successful projects having no known person behind them. The most popular one in this regard is Bitcoin itself.
PooCoin app allows users to manage their portfolio on the Binance Smart chain with improved functionality and real-time chart tracking. The platform intends to immaculate existing decentralized exchanges like Uniswap and PancakeSwap in several ways.
PooCoin has chart tracking, transaction tracking, wallet tracking, and yield farm tracking system that facilitates the trading of coins with low cap. The platform has been constantly updated since the release for improving the features.
Features of PooCoin Platform:
PooCoin App provides the following features to the users:
- After entering into a trade, users can check the progress in real time on the chart.
- Tokens legitimacy is confirmed through rug check.
- Bot can often front run the launch of a token. PooCoin provides sniper watche to protect against that. By enabling sniper watcher, users can track bots that snipe token launches.
- You can also Swap tokens on PooCoin app by connecting your decentralized exchange wallet.
- Another scam checking tool is dev wallet. It tracks developer actions like rugs, slow rugs, or developer dumps.
PooCoin app also provides users with exclusive features if they hold a certain amount of POOCOIN/BNB liquidity in the liquidity pool. For instance, holding $2000 worth of this asset then you can view popular tokens, trending websites, track other traders’ wallets and also display your own trades.
POOCOIN Token is the native token of the PooCoin app. It was released for purchase on March 7, 2021. Traders can buy it on PancakeSwap. The current price of POOCOIN is $1.51. It reached up to $14 in May this year. However, despite a short period of pump POOCOIN has remained below $5 for most of its lifetime.
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The total Supply of POOCOIN is set at 10 million tokens. A transaction fee of 8% is charged upon every transaction. 4% of this fee is redistributed whereas 4% is burnt. This mechanism keeps the price of currency stable along with making it deflationary. The holders of tokens are incentivized with redistribution.
Is PooCoin Legit?
POOCOIN is a legit BEP-20 token on the Binance Smart Chain. Every 24 hours, 21 validators confirm the transaction details on the BSC blockchain. It has a proof of stake consensus system. This means that validators stake a certain amount of BNB coins for eligibility.
POOCOIN has a 24-hour trading volume of $34,625. It is currently ranked at 5093 on the coin market cap. The trading activity indicates the trust of holders in this token. Therefore, it can be said that POOCOIN is a legit token and safe token to buy and trade.
PooCoin platform allows traders to buy new tokens on Binance Smart Chain. It has improved functionality and better features for investing in the right coins. POOCOIN token itself is available for purchase and trading. Traders can take advantage of price volatility and make profits.