PowerTrade Fuel

PowerTrade Fuel (PTF)

Full information about PowerTrade Fuel (PTF). Current PowerTrade Fuel price in CLP, PTF open/close rates, PowerTrade Fuel history charts, PowerTrade Fuel market capitalization and volume.

1 PTF = 7.68 $ Chilean Peso (CLP)
0.0087154 CLP

Last updated: 2024-10-01 01:40:00 UTC - about 1 year ago 1 USD = 881.740203 CLP

General information
Global rank:2222
Name: PowerTrade Fuel PowerTrade Fuel
Symbol:PTF
Current coin price (CLP):7.68 $
Last hour:arrow_upward0.560 %
Last 24 hours:arrow_downward-1.97 %
Last 7 days:-21.92 %trending_down
Capitalisation (CLP):179 144 038.78 $
Volume 24h (CLP):122 021 381.47 $
Available supply:23 311 586.00 PTF
Total coin supply:-1 PTF
Start date:2020-09-23
Last updated: 2024-10-01 01:40:00 UTC - about 1 year ago

PowerTrade Fuel/Chilean Peso (PTF/CLP) price chart

PowerTrade Fuel/Chilean Peso (PTF/CLP) capitalisation and volume charts

The PowerTrade Fuel Token (PTF) stands as a key element in the PowerTrade ecosystem, functioning as a DAO (Decentralised Autonomous Organisation) token. This token is instrumental in managing the treasury of PowerTrade, particularly designed to offer coverage to PowerTrade traders in the uncommon event of a 'black swan' situation. These events are characterised as extreme and unpredictable market conditions.

PTF acts as an alternative to traditional exchange insurance funds, typically financed through liquidation and trade fees. Remarkably, such DAOs often demonstrate enhanced market performance in periods of economic downturn. This aspect underscores the token's potential robustness and utility in reducing risks linked to significant market fluctuations.

Holders of the PTF token gain specific advantages within the PowerTrade platform. Through staking their PTF tokens, they benefit from lowered trading fees and are eligible for staking rewards. This incentivises the retention and active use of PTF within the ecosystem, potentially aiding its liquidity and stability.

Furthermore, PTF token holders have the opportunity to engage in the governance of the DAO treasury. This involves contributing to decisions on cover events via a voting process, ensuring a democratic and decentralised method of managing the treasury.

Beyond governance and staking perks, token holders can also receive rewards through community distribution initiatives. These schemes are intended to compensate early adopters and active contributors in the PowerTrade ecosystem, cultivating a sense of community and involvement among users.

The PowerTrade platform itself is a trading platform that delivers a comprehensive array of derivatives, utilising the capabilities of the Ethereum blockchain. The incorporation of PTF into this platform emphasises its functionality and potential worth in the wider realm of cryptocurrency trading and risk management.