What Is Poken (PKN)?

Poken is a cryptocurrency developed to support the Pokmi platform. The Pokmi is a blockchain-based decentralized platform driven by a community of creativity lovers and grown-ups backed by its tokens to fuel its operation. The platform has its own protocol that makes transferring funds from one account more accessible and efficient by using cross-chain smart contracts between BEP20 and ERC20, used for token storage and generation.

According to its website, POKMI aims to use the advanced technology of blockchain integrated into the website to make it convenient and safe for both users and content creators by tackling uncensored creativity issues.

According to its whitepaper, the project's mission is to provide a secure, transparent one-stop-shop platform for lovers of creative content. The $PKN aims to transform digital content by bringing more ethics, transparency, and fairness to creators and consumers through Blockchain technology. Further, to support users on the Pokmi platform to access all services on utilities of the platform, Pokmi introduced its cryptocurrency, the PKN tokens. 

Using these PKN tokens, POKMI users can collect and purchase NFP as a Fan Token and carry out all operations on the platform. NFP's value can vary based on rarity, viewers, and creator reputation. Afterward, the new NFP owner can trade the NFT or hold it. This platform enables an actress, an amateur, an artist to offer to its fans exclusive scenes that can be depicted in an NFT-type token, acquirable only for the user who placed the highest bet.

• Early users who participated in the private placement of tokens are known as private players, and their total share is 10 percent.

• About 40 percent of the tokens are distributed to the public to raise funds for the project.

• Poken reserves 20 percent of its supply for non-profit and reserve purposes

• Twenty percent of the Poken supply accrue to non-profits and reserves

Each time a user enters the pool or subscribes to a staking offer, 1 percent of the transaction is burned, and 1 percent is transferred to the charity wallet. Burning cryptocurrency refers to removing tokens from circulation, which reduces the number of coins in circulation.

History of Poken (PKN)

By the summer of 2021, the Poken Company had closed its first ICO, raising $10.7M by acquiring nearly $1.5 billion worth of $PKN, its deflationary token. There is a total supply of five billion PKN tokens in the POKEN protocol.