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What can you do with Pocket Network?
Store/Hold Pocket Network
Many users hold on to their Pocket Network with the expectation of it increasing in value. You can store your POKT safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Pocket Network
You can trade Pocket Network for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Pocket Network trading to meet your needs.
Send Pocket Network
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Pocket Network online and send to anyone and anywhere with their Pocket Network address.
Spend Pocket Network
You can also buy goods and services with your Pocket Network. More and more vendors and retailers accept Pocket Network every day.
Donate Pocket Network
Bitget Charity accepts Pocket Network donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Pocket Network so no one misses out on the growth made possible by blockchain.
Learn More About Pocket Network
You can read more in-depth articles on Pocket Network from Bitget Research and study how cryptocurrencies like Pocket Network work on Bitget Academy
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What is Pocket Network (POKT)?
Pocket Network is a data platform based on blockchain technology that caters to the needs of Web3 and decentralized applications (dApps). Its decentralized infrastructure serves as a connection between more than 40 supported blockchains and their respective dApp ecosystems. The platform was launched in July 2020 and has quickly established itself as a significant player in the blockchain field by tackling the centralization concerns in the RPC layer of the Web3 stack.
How Pocket Network (POKT) Works
The blockchain ecosystem has long been reliant on a limited number of centralized service providers for accessing decentralized networks, which is a critical paradox. Pocket Network has stepped in to offer a decentralized alternative that provides reliable, scalable, and private infrastructure to applications and projects of all sizes. The network has thousands of full nodes that service the data needs of over 50 different blockchains, ensuring developers have constant uptime, optimized quality of service, and maximum privacy, all while combating censorship.
Pocket Network's mechanics are both efficient and elegant. Service Nodes powered by the POKT token relay data between blockchains and applications, operating in a distributed manner that ensures load balancing and reduces the need for additional infrastructure to handle traffic surges. The network's unique 'Session' data structure facilitates an equitable distribution of work among Service Nodes, enhancing the network's resilience and efficiency.
The staking and inflation mechanisms of Pocket Network are designed to optimize resource allocation. By tying rewards directly to inflation and reducing the frequency of on-chain fee payments, the network ensures a sustainable and balanced economic model. This incentivizes node operators and lowers the barrier to entry, enabling professional infrastructure providers to participate and contribute to the network's growth.
How Many Pocket Network (POKT) Tokens Are in Circulation?
POKT has a total supply of 1,637,686,745. The current circulating supply of POKT is 1,521,517,215.
How to Buy Pocket Network (POKT)
Consider investing in Pocket Network (POKT)? It only takes 2 minutes to create an account on Bitget and start trading POKT.
Check out the available POKT trading pairs on Bitget!
Spot market
Pocket Network (POKT) Resources
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