Pokeball is a yield-farming ecosystem running on the Binance Smart Chain (BSC). The platform aims to develop a protocol that facilitates crypto trading and adds liquidity to the Pokeball liquidity pool. Subsequently, users can trade, farm, stake, and battle with NFT cards on the Fandom blockchain.
According to its website, Pokenomy is a decentralized finance (DeFi) platform that creates liquidity and helps users receive POKE rewards for limiting the supply. The Pokeball platform lets users collect NFT Moonsters and benefit from staking them while battling. Besides this, the team also intends to develop an ecosystem wherein users can stream the game and share a rich story among their friends, family, and other players. Moreover, the platform uses a deflationary governance model wherein the digital assets are burned to increase the token's value over time. However, cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means such tokens are lost forever, and thus, tokens burnt help reduce availability and increase market value.
Further, POKE is the governance token used for funding and voting purposes associated with developing the Pokeball ecosystem. The team intends to issue a maximum of one hundred billion POKE tokens. In addition, the platform also uses burning mechanisms, where 3 percent of the POKE is burned in every transaction. Apart from this, users can receive POKE tokens with the help of staking NFTs, battling NFT cards, winning battles, and trading on the listed DEX platforms.