1/ I'm a big fan of @POKTnetwork and what they are building, so I am pleased to say I have become a brand ambassador & will be creating more content related to $POKT over the coming weeks/months.
To kick off, let's dig in to how $POKT is doing currently.
A thread 🐙🧵👇
To kick off, let's dig in to how $POKT is doing currently.
A thread 🐙🧵👇
2/ Relays are going parabolic and recently hit a new daily ATH.
3/ Pocket Network is doing around 350 million relays each day.
4/ This is amazing growth and occurring across multiple chains.
5/ To put this into perspective, Infura are doing 6.5 billion RPC requests just for Ethereum, so this shows the potential growth for Pocket Network is massive.
6/ The revenue Pocket is pulling in is staggering.
With total network revenue exceeding $56 Million in December, Pocket Network is already comparatively amongst the Top 5 revenue producers for all blockchains and blockchain applications globally.
(data from Token Terminal*)
With total network revenue exceeding $56 Million in December, Pocket Network is already comparatively amongst the Top 5 revenue producers for all blockchains and blockchain applications globally.
(data from Token Terminal*)
7/ More and more $POKT continues to be staked.
The amount of staked $POKT has now surpassed non-staked $POKT.
The amount of staked $POKT has now surpassed non-staked $POKT.
8/ And the number of active validator nodes is now sitting around 22k and growing exponentially.
9/ Buying $POKT has been tricky, as you had to buy OTC, but four exchange listings (@HuobiGlobal , @gate_io , @MEXC_Global & @XTexchange) went live last week. Making it much easier for everyone to purchase any amount of $POKT.
@Okcoin also announced they will list $POKT soon.
@Okcoin also announced they will list $POKT soon.
10/ How about this for a clue that Coinbase and Binance listings might be on the way?
https://twitter.com/thepoktopus/status/1481820455178752002
11/ There has been some talk about the inflation of $POKT being an issue recently.
Staking $POKT is currently very profitable, with nodes being rewarded with around 300% APY. This has led to lot of discussion about the effects of the increase in supply.
Staking $POKT is currently very profitable, with nodes being rewarded with around 300% APY. This has led to lot of discussion about the effects of the increase in supply.
12/ In order to create a more predictable inflation schedule, there is a new governance proposal which looks to encourage sustainable inflation, protecting rewards against a decrease in relays and sensibly reducing rewards as Pocket Network grows.
forum.pokt.network/t/pup-11-wagmi…
forum.pokt.network/t/pup-11-wagmi…
13/ Wrapped Pokt continues to be worked on and the launch doesn't look to be too far away.
More details here: wrapped.pokt.network
More details here: wrapped.pokt.network
14/ The market cap is now showing on Coingecko! And they are displaying it as $1.46B at time of writing.
For context, other middleware projects such as $GRT and $LINK have circulating market caps of $2.8B & $11B, respectively.
For context, other middleware projects such as $GRT and $LINK have circulating market caps of $2.8B & $11B, respectively.
15/ The $POKT community has been growing steadily.
The easiest way to see this is by watching @thepoktopus' follower number go brrrrr
The easiest way to see this is by watching @thepoktopus' follower number go brrrrr
16/ Pocket Network are running a competition right now to reward community members with $POKT!
It might be your lucky day, you never know. Just follow the link in the tweet and follow the instructions to enter! Good luck! #Ad
It might be your lucky day, you never know. Just follow the link in the tweet and follow the instructions to enter! Good luck! #Ad
https://twitter.com/POKTnetwork/status/1478946184719126530
17/ If you are unfamiliar with @POKTnetwork and want more information then please take a look at our most recent newsletter.
alphapls.substack.com/p/take-the-pok…
alphapls.substack.com/p/take-the-pok…
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