POA (POA) Market Capitalization Hits $9.27 Million

POA (CURRENCY:POA) traded down 10.7% against the dollar during the 1 day period ending at 14:00 PM ET on September 20th. POA has a total market cap of $9.27 million and $288,843.00 worth of POA was traded on exchanges in the last day. In the last seven days, POA has traded 7.2% lower against the dollar. One POA coin can currently be purchased for $0.0318 or 0.00000072 BTC on popular exchanges.

POA Profile

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 291,859,650 coins. POA’s official website is poa.network. POA’s official Twitter account is @poanetwork. POA’s official message board is medium.com/poa-network. The Reddit community for POA is /r/POA and the currency’s Github account can be viewed here.

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 possible to purchase alternative cryptocurrencies such as POA directly using U.S. dollars. Investors seeking to trade POA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase POA using one of the exchanges listed above.

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