What is Pocket Network?
The Pocket Network token, or POKT, is the utility token powering the Pocket Network. The latter is a Web3 infrastructure.
POKT has several use cases. However, it’s mainly used for staking. Staking is a requirement for nodes and developers who want to participate in the Pocket Network. Nodes can earn POKT by either servicing requests or validating blocks. The amount of POKT depends on the number of data relays and transaction fees of the block.
The initial supply of Pocket Network tokens stands at 650,000,000. They have been distributed as follows:
- 23.1% - Founders;
- 14.4% - Contractors;
- 11.6% - First Private Sale;
- 8.9% - Foundation Reserves;
- 8.9% - PNI Reserves;
- 8.9% - Token Sales;
- 7.7% - DAO;
- 6% - Advisors;
- 5.1% - Second Private Sale;
- 3.8% - Incentivized Test Net;
- 2.7% - Contractor Pool.
As with most cryptocurrencies, the POKT price tends to be highly volatile. Therefore, before making any purchase decisions, you should properly research the project.
You can start by having a look at the Pocket Network price history and the current POKT price on the graph above.
What are the Main Features of Pocket Network?
As discussed in the What is Pocket Network section, Pocket Network is a Web3 infrastructure of RPC nodes. To put it simply, it grants Web3 access points to dApps. RPC nodes are quite similar to function calls because an RPC essentially is an API used by developers to communicate with servers and run code remotely.
Blockchains that use the RPC standard can utilize the Pocket Network. Some of the supported blockchains include Ethereum, Avalanche, Polygon, Solana, and Algorand, among many others.
There are main 3 components within the Pocket Network:
- Applications that submit API requests to nodes;
- Nodes that service these requests and respond to the Applications;
- Network Layer, which is responsible for maintaining seamless communication between Applications and Nodes.
Pocket Network describes itself as a relay protocol, which doesn't ask its users to pay more than necessary.
The project has over 47,000 active nodes and more than 50 networks.
Who Developed Pocket Network?
The Pocket Network Crypto project was launched in mid-2020.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
45.79K
Followers: 45,794
0.49%
Following
1,065
0.00%
Posts count
6,744
0.06%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
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Currently, official Pocket Network (POKT) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
3.89K
Members: 3,897
0.43%
Title
POKT Network Official
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
62 / 100
1.56%
Ahrefs Rank
203,752
4.24%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
155
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
Currently, official Pocket Network (POKT) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
Pocket Network hot topics
Currently, official Pocket Network Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@POKTnetwork posts