PooCoin

PooCoin is a cryptocurrency exchange that offers a token that shares the same name as the exchange. Traders interested in investing have been following it recently because it has been trending. The following is an explainer on the current valuation, how to purchase tokens, and how to identify them by their ticker symbol.

The PooCoin project belongs to the order of memcoins, like Dogecoin. The launch date is March 9, 2021. The project itself is a platform that allows users to work with shitcoins. With its help, you can use popular coins and new tokens, check reliability, etc.

The founders behind PooCoin are anonymous, as is often the case with projects on the Binance Smart Chain. However, that is not necessarily a bad sign since many successful projects have also been launched by anonymous founders, such as Sushi, PancakeSwap, Olympus DAO and, of course, Bitcoin.

The total supply of POOCOIN is 10 million tokens. 25% of that is in the deployer wallet. Each transaction is charged an 8% fee, of which 4% is redistributed and 4% is burned. No more than 100,000 POOCOIN can be traded in one transaction. This is to establish price stability and create a deflationary dynamic that keeps the token rising in the long term. Many other tokens have a similar kind of burn mechanism that is to incentivize holding the coin. Most notably, Ethereum itself introduced burning part of the transaction fees as part of its latest update.

Several updates have been made to Poocoin’s application since its release to improve functionality and add new features. Examples include: introducing a feature that allows users to see the entry points directly inline on the chart to facilitate tracking a trade’s progress.

PooCoin also offers a rug check feature that verifies the integrity of a token. Users can track bots that are used to snipe token launches using sniper watchers. Additionally, PooCoin’s app features a swapping option that allows you to swap tokens directly. BSC’s external page showcases other useful tools conveniently in one place. A developer wallet checker detects dodgy developer behavior, such as rugs, slow rugs, and developer dumps.

PooCoin also offers a few premium features to coin holders in addition to the ones outlined above. Holders of at least $100 worth of POOCOIN/BNB liquidity in the liquidity pool have the ability to track other traders’ wallets and disable ads. You can display your trades and enable the wallet transaction tab when you have at least $300 in the liquidity pool. At least $2000 unlocks the final level, which lists the top 100 most popular tokens and trending websites in more timescales.