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Polkamarkets

POLK

Price
$0.0695
9/27/2022, 3:07:58 PM
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Market

Market stats

Market cap

$6.1M

Volume (24h)

$381,064.22

Circulating supply

88.6M POLK

All time high

$4.15

Price change (1h)

+0.73%

Price change (24h)

+2.76%

Price change (7d)

+3.49%

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Polkamarkets is on the rise this week.

The price of Polkamarkets has risen by 3.49% in the past 7 days. The price increased by 2.76% in the last 24 hours. In just the past hour, the price grew by 0.73%. The current price is $0.069478 per POLK. Polkamarkets is 98.33% below the all time high of $4.15.

The current circulating supply is 88,555,573.815 POLK.

About

What Is Polkamarkets (POLK)?

Polkamarkets is a decentralized finance platform. According to its whitepaper, Polkamarkets is a Polkadot-powered prediction market. According to the platform’s website, Polkamarkets is an autonomous prediction market that is built as a multiple blockchain information exchange platform. The users on the platform can take part in real-world events and earn incentives.

There is a space for prediction markets between decentralized finance and information exchange that is yet to be explored. A prediction market is a place where users and traders can leverage their past, present, and future knowledge to forecast a specific event or an outcome based on a real-world incident. According to the whitepaper, the existing prediction markets suffer from key problems such as lack of liquidity and markets, lack of traders, and confusing and duplicate needs. The platform aims to solve the issues by incentivizing such liquidity providers and traders to take a prominent position in the market. The platform also seeks to maintain a system for curation and resolution that intends to ensure efficient and trustworthy markets.

The users can participate in real-life events like e-sports, the future of a cryptocurrency, political events, and much more. Users can take part by forecasting the result and earning incentives. Such users can also create their events and let other users participate. The platform also supports live streaming of esports events and the crypto price market. A user can also participate in the live chat or in the virtual event in an online community. The platform also supports NFT technology and provides badges for achievement to access the exclusive marketplace.

POLK is the native cryptocurrency of the Polka markets platform. Users can earn POLK in various ways. A user can earn POLK by providing liquidity to the Polka markets. The trading fees on the polka markets are provided to the liquidity providers. Users can also mine POLK, which seeks to be introduced soon.

History of Polkamarkets (POLK)

The platform got launched during the first and second quarters of 2021. Primarily, the platform was found on the Ethereum network. The platform shifted from Ethereum to the Polkadot blockchain. The team includes Ricardo Marques (CEO), Francisco Lourenco (CMO), and Henrique Caiano (product advisor). The total supply of POLK tokens is one hundred million coins.

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FAQ

What is the current price of Polkamarkets?

The price of 1 Polkamarkets currently costs $0.0695.

What is the market cap of Polkamarkets?

The current market cap of Polkamarkets is $6.14M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Polkamarkets?

The all-time high of Polkamarkets is $4.15. This all-time high is highest price paid for Polkamarkets since it was launched.

What is the 24 hour trading volume of Polkamarkets?

Over the last 24 hours, the trading volume of Polkamarkets is $381.06K.

What other assets are similar to Polkamarkets?

Assets that have a similar market cap to Polkamarkets include Permission Coin, Xeno Token, Seele-N, and many others. To see a full list, see our comparable market cap assets.

How many Polkamarkets are there?

The current circulating supply of Polkamarkets is 89 million.

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