POA Reaches Market Capitalization of $33.06 Million (POA)


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POA (CURRENCY:POA) traded 1.7% higher against the dollar during the 1 day period ending at 8:00 AM E.T. on April 8th. POA has a total market capitalization of $33.06 million and $1.16 million worth of POA was traded on exchanges in the last 24 hours. During the last seven days, POA has traded 6.6% lower against the dollar. One POA coin can now be bought for approximately $0.12 or 0.00000204 BTC on major cryptocurrency exchanges.

About POA

POA (CRYPTO:POA) is a PoA coin that uses the Proof-of-Authority hashing algorithm. It launched on July 20th, 2017. POA’s total supply is 286,356,216 coins. The official message board for POA is medium.com/poa-network. The Reddit community for POA is /r/POA and the currency’s Github account can be viewed here. POA’s official Twitter account is @poanetwork. The official website for POA is poa.network.

According to CryptoCompare, “Poa Network is a public sidechain based on the Ethereum protocol. The blockchain will feature the Proof-of-Authority algorithm, which does not depend on the nodes solving mathematical problems, but instead uses a set of “authorities”, pre-selected validators that will be able to seal the blocks and secure the network. The validators identity will be public enabling any third party to check their identity. The Poa Network will allow organizations to build their own networks with their own validators and developers to deploy DApps. On April 28, 2018, the POA Team announced the launch of a cross-chain bridge that gives users the ability to send POA tokens back and forth between the POA Network and the Ethereum network. POA Bridge went live on May 10. The POA to Ethereum transfer will result in the creation of a newly minted token on the Ethereum blockchain known as POA20. The user will also have the ability to transfer POA20 tokens from the Ethereum network back to the POA Network, which would result in the burning of the POA20 token and subsequent unlocking of the original POA native token on the POA Network.     “

Buying and Selling POA

It is usually not currently possible to purchase alternative cryptocurrencies such as POA directly using US dollars. Investors seeking to trade POA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase POA using one of the exchanges listed above.

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