Pocket Network is the TCP/IP of Web3 node infrastructure – a multi-chain relay protocol that incentivizes RPC nodes to provide DApps and their users with unstoppable Web3 access.
Pocket Network’s unstoppable Web3 access is powered by the POKT utility token. Applications stake POKT to lock in an RPC relay allowance, then transfer value to nodes through dilution of their stake proportional to the number of relays they request. Meanwhile, RPC nodes participate in a perpetual fair-launch economy in which tokens are continuously rewarded to the nodes who do the most work.
This economic model has the following benefits:
- Minimizes the number of transactions needed to coordinate the network, enabling cheaper RPC access. Per-relay micro-transaction payment models, on the other hand, would needlessly congest block space.
- Provides extra incentive to apps to be early adopters of Pocket Network. When using Pocket Network, RPC infrastructure becomes an asset, literally. Apps make an upfront investment by staking POKT, which means they don’t need to worry about monthly bills and their cost-per-relay approaches zero the more relays they use. This makes Pocket Network’s RPC service very attractive compared to the competition in the long run.
$POKT Listing
- POKT deposits will open at 04:30 (UTC) on Jan 12.
- The POKT spot trading (POKT/USDT) will open when the deposit volume meets the demand of market trading, which will be officially announced in advance.
- POKT withdrawals will open at 12:00 (UTC) on Jan 13.
Opening Restriction:
During the first 3 minutes after trading commences, Huobi Global will restrict the price for Limit Orders of POKT to not more than 10 times the opening price. Normal trading will resume after the 3-minute opening price restriction.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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