Wrapped POKT

WPOKT Price

What is Wrapped POKT about?

Pocket Network is an open protocol that offers developers reliable, performant, and cost-effective RPC access to the open internet. RPC is how every user interacts with - reads or writes to - any blockchain, so it is the most fundamental access point for all of the crypto industry. Pocket Network decentralizes this process to deliver more value to all users than would be possible without using blockchain, and to ultimately fulfill Pocket Network's vision of enabling "a future where the world's most important digital infrastructure is owned and governed by its users."

What makes Wrapped POKT unique?

A DAO governs Pocket Network, comprised of participating stakeholders using a unique "proof-of-participation" governance model that avoids plutocracy and focuses more on ensuring widespread representation of the most active and impactful members of Pocket's community.

What's the history of Wrapped POKT?

The idea for Pocket was forged in 2017, but Pocket's main net launch was on 28 July 2020. Pocket was the first-ever decentralized RPC service and one of the very first DePINs.

What's next for Wrapped POKT?

Pocket is launching a new version of the protocol in Q1 2024 that is redesigned from the ground up to provide users with the very best RPC service possible and to break the "RPC trilemma" so everyone can benefit from RPC that is as reliable, cost-effective, and performant as possible. In the meantime, Pocket is scaling through its community, with more and more gateways built on top of the protocol to grow Pocket's demand with end users, and over 7 different community teams now contributing to the development of the protocol itself.

What can Wrapped POKT be used for?

Pocket's native cryptocurrency, POKT, facilitates access to a wide network of providers supporting more than 42 chains. POKT incentivizes full nodes to exist, pessimistically validate state transitions, replicate data, and make it accessible to developers. It's analogous to a universal API token, granting access to diverse RPC services from multiple providers for whichever open data source the community decides that the protocol should support. Wrapped POKT (wPOKT) is a tokenized version of POKT that runs on the Ethereum (ETH) blockchain. wPOKT is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated and interoperable with Ethereum's ecosystem of DeFi and DAO tooling and infrastructure. wPOKT is backed by POKT at a 1:1 ratio via a network of validators, allowing users to transfer liquidity between the POKT and the ETH networks in a decentralized and autonomous manner. Holders of wPOKT can bridge it over to the Pocket Network blockchain to stake as a node runner, validator, or directly as an application/gateway (after the upcoming upgrade) to access the relay throughput that Pocket Network provides.

Where can you buy Wrapped POKT?

WPOKT tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Wrapped POKT is Uniswap V2 (Ethereum), where the most active trading pair WPOKT/WETH has a trading volume of $5.11 in the last 24 hours.

What is the daily trading volume of Wrapped POKT (WPOKT)?

The trading volume of Wrapped POKT (WPOKT) is $5.11 in the last 24 hours, representing a -72.20% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Wrapped POKT (WPOKT)?

Wrapped POKT (WPOKT) reached an all-time high of $0.4126 and an all-time low of $0.008137. It’s now trading -96.50% below that peak and 78.60% above its lowest price.

What is the market cap of Wrapped POKT (WPOKT)?

Market capitalization of Wrapped POKT (WPOKT) is $1,237,341 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WPOKT tokens (85 Million tokens are tradable on the market today).

What is the fully diluted valuation of Wrapped POKT (WPOKT)?

The fully diluted valuation (FDV) of Wrapped POKT (WPOKT) is $1,237,341. This is a statistical representation of the maximum market cap, assuming the maximum number of 85 Million WPOKT tokens are in circulation today. Depending on how the emission schedule of WPOKT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Wrapped POKT compare against its peers?

With a price increase of 0.40% in the last 7 days, Wrapped POKT (WPOKT) is outperforming the global cryptocurrency market which is down -0.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Wrapped POKT (WPOKT) to MetaMask?

Adding Wrapped POKT (WPOKT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import WPOKT as a token. You can copy WPOKT’s contract address (0x67f4c72a50f8df6487720261e188f2abe83f57d7) and import it manually, or if you've installed MetaMask's chrome extension, add WPOKT to MetaMask with one click on CoinGecko.

Add WPOKT to MetaMask.