What is PooCoin?
PooCoin, a token built on the Binance Smart Chain, brings a new wave of innovation to the world of decentralized exchanges (DEXes). The PooCoin app, designed specifically for the Binance Smart Chain, offers users advanced charting capabilities and portfolio management tools, setting it apart from other DEX platforms.
PooCoin has continuously enhanced its application since its initial release, focusing on improving functionality and introducing new features to benefit its users. One notable feature is the inline entry points displayed directly on the chart, which facilitates tracking the progress of trades. This valuable addition allows traders to make more informed decisions in real-time.
Additionally, PooCoin offers a rug check feature that enables users to verify the integrity of a token before making any investment decisions. With the ability to swap tokens directly within the PooCoin app, users can enjoy a seamless trading experience. Moreover, PooCoin's external tools page conveniently gathers various useful tools for the Binance Smart Chain ecosystem in one place. Users can also leverage the dev wallet checker to identify any suspicious developer activities, such as rug pulls, slow rugs, and developer dumps.
PooCoin offers several premium features exclusively for coin holders. Holding a minimum of $100 worth of POOCOIN/BNB liquidity in the liquidity pool grants users access to tracking other traders' wallets and disables ads. By holding at least $300 in the liquidity pool, users gain the ability to display their trades and unlock the wallet transaction tab. Finally, holding a minimum of $2000 unlocks the highest level, granting users the ability to view trending websites and tokens across multiple timescales, as well as access to the list of the 100 most popular tokens.
The total supply of POOCOIN tokens is set at 10 million. Of this supply, 25% is initially held in the deployer wallet. Each transaction incurs an 8% fee, with 4% being redistributed among token holders and 4% being burned. To ensure price stability and create a deflationary mechanism, no more than 100,000 POOCOIN tokens can be traded in a single transaction. This strategy aims to incentivize long-term holding and contribute to the token's upward trajectory. It is worth noting that Ethereum itself recently introduced a similar burning mechanism as part of its latest update to encourage coin retention and value appreciation.
PooCoin operates as a BEP-20 token on the Binance Smart Chain, which utilizes the proof-of-stake consensus mechanism. Every 24 hours, 21 validators are elected to validate transactions and uphold the security of the blockchain. These validators are required to stake a certain amount of BNB coins with Binance to qualify for the validation process. This robust security framework ensures the integrity and reliability of the PooCoin network.
PooCoin became available for general sale on March 7, 2021, through the PancakeSwap exchange. Since then, it has gained traction and attracted a growing community of users who appreciate the unique features and benefits it offers within the Binance Smart Chain ecosystem.
In conclusion, PooCoin is a groundbreaking token on the Binance Smart Chain, providing users with advanced charting and portfolio management tools. With its unique features such as inline entry points, rug checking, and seamless token swapping, PooCoin offers a comprehensive solution for traders and investors. By incentivizing long-term holding and incorporating a deflationary mechanism, the token aims to create price stability and value appreciation over time. The security of the PooCoin network, backed by the proof-of-stake consensus mechanism, ensures the integrity and reliability of transactions. Since its release on PancakeSwap, PooCoin has gained popularity and continues to attract users who seek a user-friendly and feature-rich platform within the Binance Smart Chain ecosystem. Join the PooCoin revolution today and experience the future of decentralized finance in action.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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