POA (POA) Achieves Market Cap of $49.65 Million

POA (CURRENCY:POA) traded up 823.9% against the US dollar during the 24 hour period ending at 16:00 PM ET on November 25th. During the last seven days, POA has traded up 1,203.5% against the US dollar. One POA coin can now be purchased for $0.17 or 0.00000259 BTC on major exchanges. POA has a total market capitalization of $49.65 million and $188.00 worth of POA was traded on exchanges in the last 24 hours.

POA Coin Profile

POA (POA) is a PoA coin that uses the Proof-of-Authority hashing algorithm. It was first traded on July 20th, 2017. POA’s total supply is 293,587,639 coins. POA’s official Twitter account is @poanetwork. The Reddit community for POA is /r/POA and the currency’s Github account can be viewed here. POA’s official message board is medium.com/poa-network. 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.     “

POA Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as POA directly using US dollars. Investors seeking to acquire POA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy POA using one of the aforementioned exchanges.

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