PooCoin is one of the most popular DeFi analytics platforms in the crypto space, ranking in the top 700 websites worldwide in its heyday. This ranks PooCoin even higher than PancakeSwap (CAKE), the most popular DEX on the Binance Smart Chain. A big achievement that clearly shows the popularity of small coins.
The PooCoin website has an index for all token contracts on PooCoin supported networks. This includes the current buy and sell data, as well as data such as the market cap and information about the important wallets for each project.
The platform focuses on the Binance Smart Chain (BSC), but also on Polygon (MATIC) and KuChain. The tokens on these networks are displayed as a trading pair with, for example, the Binance Coin (BNB) or Ethereum (ETH).
PooCoin for memecoins #
So, you can use PooCoin for a lot of different memecoins. Not all thousands of memecoins can be tracked via this app, because PooCoin only offers a few networks. Nevertheless, the platform is extremely useful for making the price movements clearly visible. Most people use Tradingview for this, but this platform is not a solution for lesser-known coins.
When opening the PooCoin website, users can directly enter a token address or token name. The correct token address or token name can often be found on websites such as Coingecko or Coinmarketcap. By copying the information from these platforms, users can be sure that they do not use incorrect information and end up on the wrong platforms.
PooCoin Features #
The PooCoin app is a unique website where investors can benefit from various features. To provide you with the most comprehensive description of all the possibilities on PooCoin, we have described the various features in detail below.
PooCoin Charts #
This tool is the most important for investors. The charts on PooCoin give a good idea of the buying and selling behavior of different tokens. Therefore, the charts are the most important feature of PooCoin. These current figures are always displayed with BNB or ETH as a trading pair, depending on the blockchain you are looking for. This means that if there were an AOC token, a user could track it on Binance’s network through the trading pair AOC/BNB.
Not only can users discover current candles in the charts, but also other interesting information. Users can find this information per token. Some examples information next to the PooCoin charts are:
Liquidity: PooCoin keeps track of the LP tokens and the amount of liquidity in addition to the price. When a token has higher liquidity, its price is likely to fluctuate less. Especially with small coins with low liquidity, the volatility will increase enormously, because the order books are a lot emptier.
Transactions: This leads directly to the last committed transactions on the block scanner. This data will match the transactions listed below the chart.
Contracts: It is possible to read the contracts directly on BSCScan (or any other blockchain scanner), so it is important that the source code is verified. Users can also copy the smart contract address and enter it in the app. By doing so, it is also possible to get security assessments for that contract. If there are contracts with closed liquidity or a token burn mechanism, the ratings in this area will be higher.
Token holders: This shows the largest holders of the token. PooCoin ensures that dangerous tokens are automatically marked. Dangerous tokens can be tokens that can pose a danger, for example in the field of tokenomics. When certain developers or wallets have a huge share of the supply, they could drop the price of the token considerably in the event of a token sale. PooCoin thus protects the for these projects.
PooCoin Multi-Chain Support #
The PooCoin app was originally started for tokens on the BSC network. Later, other blockchains were supported by the platform. Thanks to this multi-chain support, PooCoin makes it possible to switch to another blockchain at the click of a button. By supporting BSC as well as Polygon and KuChain, users can find a lot of coins through PooCoin.
Multi Chart #
Another feature of PooCoin is the Multi Chart. With this feature, users can monitor several charts at the same time. This feature is not about two or three charts, up to 9 charts at once! Extremely useful for active traders or investors who like to keep a close eye on prices. This feature can be very useful for users that monitor several tokens at the same time. With Multi Chart, users have an immediate overview.
Wallet Tracking #
Via the PooCoin Wallet Tracking function users can easily keep track of the balance in their wallet. All tokens in a user’s wallet can be carried through the platform, with the value in US dollars shown on the right side of the app. This data is shown with the current data of PooCoin.
PooCoin Widget #
The PooCoin widget is a token-swapping widget, which is available below every chart on PooCoin. For investors it is possible to buy or sell tokens directly, without having to consult decentralized exchanges. These actions can be performed via PooCoin, which can save a lot of time!
By clicking on ‘Trade’, the trading widget opens. Through this widget you can easily swap tokens on the platform. Every user has the option to start using this feature for free.
Below the charts on PooCoin users can discover detailed analysis. An example of this is the overview of the token purchase and sale of the token. PooCoin synchronizes the last 100 transactions of a token. The token purchase is shown in green and the token sale in red, just like the candles in the chart.
The “Buyers” and “Sellers” tab keeps track of the largest addresses for the respective token. These are addresses that have traded with this token, so the time frame plays a role here. This feature is also known as the whale tracker. This makes it easy for inexperienced crypto traders to discover what the whales are trading and they can respond to this themselves.
PooCoin Telegram Bot #
The PooCoin Telegram bot is a free and programmable cryptocurrency tracking bot built on the blockchains PooCoin cares about. This involves looking at the price of a token, where based on this price action, the PooCoin Telegram bot immediately makes an analysis of the price.
For many investors, Telegram is a widely used tool, which is also very useful for PooCoin charts. Crypto enthusiasts can directly check the price of a token via Telegram using the PooCoin bot. This is possible by entering code words such as the code word “/price”.
There are also different tiers in this area. These tiers are called the PooCoin Premium tiers and are part of PooCoin Premium. In total there are three different tiers, each of which has its own price and functionalities.
PooCoin Token #
The PooCoin token (POOCOIN) is a token on the BSC network. The token is characterized by the tax on these tokens. When a transaction is made with this token, an 8% tax will be charged. Of this 8%, 4% is ‘burned’. The other half will be distributed among the other token holders. This tax is charged on every transaction, even moving your tokens to other wallets.
They used to be called shitcoins, but the team at PooCoin has turned this name into an alternative nickname. Nowadays these coins are often called memecoins. Often the name PooCoin is seen as a hindrance, because this name does not sound too seriously. However, crypto enthusiasts who like to invest in these types of coins know the culture.
The team behind PooCoin has several plans to develop more features on the platform. In addition, there are also plans to use more blockchains for tracking small cap coins.