What is PooCoin?

PooCoin (POOCOIN) is a distinctive token that operates on the Binance Smart Chain. It is primarily associated with the PooCoin app, which aims to provide chart and portfolio management for the Binance Smart Chain. The app seeks to enhance the functionality of existing decentralized exchanges (DEXes) by introducing a range of features designed to improve user experience and facilitate trading activities. The token itself is a BEP-20 token, which means it adheres to the standards set by the Binance Smart Chain. The total supply of POOCOIN is 10 million tokens, with a portion of each transaction fee being redistributed and burned to incentivize holding the coin.

How does PooCoin work?

PooCoin operates by charging an 8% fee on each transaction, with 4% being redistributed and the other 4% being burned. This mechanism aims to establish price stability and create a deflationary dynamic that aims to incentivize users to hold the token for longer periods. The PooCoin app, associated with the token, provides a variety of features to enhance user experience. These include the ability to see entry points directly on the chart, a rug check feature for checking the integrity of a token, and a swapping option for exchanging tokens directly on the app. The app also provides additional features to users who contribute to the POOCOIN/BNB liquidity pool.

What are the potential use cases for PooCoin?

PooCoin aims to provide a range of use cases, primarily through its associated app. The app provides a variety of features that aim to enhance the functionality of existing DEXes. These include the ability to track trades, check the integrity of a token, and swap tokens directly on the app. Additionally, the app provides additional features to users who contribute to the POOCOIN/BNB liquidity pool. These features include the ability to track other traders' wallets, disable ads, display trades, enable the wallet transaction tab, and view trending websites and tokens in more timescales.

What is the history of PooCoin?

PooCoin was released for general sale on March 7, 2021. Since its release, the PooCoin app has undergone several updates to improve functionality and add new features. The token operates on the Binance Smart Chain, which is secured through the proof-of-stake consensus mechanism. This mechanism involves 21 validators being elected every 24 hours to validate transactions and maintain blockchain security. These validators are required to stake a certain amount of BNB coins to be eligible to do so.