| General information | |
|---|---|
| Global rank: | 619 |
| Name: |
Pocket Network |
| Symbol: | POKT |
| Current coin price (PYG): | 86.61 Gs |
| Last hour: | arrow_downward-0.410 % |
| Last 24 hours: | arrow_downward-0.720 % |
| Last 7 days: | -7.20 %trending_down |
| Capitalisation (PYG): | 197 083 102 925.63 Gs |
| Volume 24h (PYG): | 3 426 423 311.52 Gs |
| Available supply: | 2 275 581 374.00 POKT |
| Total coin supply: | -1 POKT |
| Start date: | 2020-07-28 |
Pocket Network/Paraguayan Guarani (POKT/PYG) price chart
Pocket Network/Paraguayan Guarani (POKT/PYG) capitalisation and volume charts
Pocket Network is a decentralized blockchain data platform that connects various blockchains to service the data needs of Web3 decentralized applications (dApps). Utilizing a cost-efficient economic model, it distributes data effectively and supports over 50 blockchains. The network employs a Proof-of-Stake (PoS) consensus mechanism, enhancing scalability and data consistency for dApps.
The POKT token is integral to the Pocket Network ecosystem, serving both node operators and Web3 developers. It is used to stake nodes on the network, enabling them to process blockchain data requests and earn rewards. Additionally, developers use POKT to access the Pocket Portal, facilitating network throughput for application development and offering up to 1 million free data relays per day.
Pocket Network was co-founded by Michael O’Rourke, who also serves as the CEO of Pocket Network, Inc.