F. POC Token
(including backers info)
Pocket Arena is powered by "POC", an ERC20/BEP20 utility token, designed to provide real rewards to players and serve as the core currency of the Pocket Arena NFT and gaming economy. PA SDK is applied to all PA games, so you can mine XP according to the user experience, exchange it for POC, the utility token of Pocket Arena, or purchase NFT items from the marketplace. The ratio of XP to POC is not fixed, but by continuously adjusting it, one can prevent inflation of POC.
POC is classified into several grades such as aPOC, bPOC, and mPOC. Usage and withdrawal policies are applied differently depending on the grade.
UTILITY FUNCTION of POC
- Player Rewards.
- P2P Castle Market payment method over EUR 800.
- Castle Arena Item upgrade payment method.
- Pocket Metaverse P2P payment method.
- Creator's NFT Avatar minting payment method.
- Paying-in deposits for Ethereum side-chain FALK
- Gas fee for Falk smart contract
Total issuance: 1 billion POC. Of this, about 3% was in a private sale and 2.1M was funded at a valuation of $66M.
Various prestigious crypto institutional investors and about 50 influencers from around the world competed in the private sale. IDO price started at $0.1 and is listed on CoinMarketCap and CoinGecko, and has been trading on Pancake Swap since November 30th.
Backer Press Release
Last modified 9mo ago