Pokechain Forays Into Crypto Market With POKE Tokens

Pokechain, a DApp built on the Binance Smart Chain (BSC), has launched POKE tokens that are heavily inspired by the Pokemon animated series. The decentralized platform will allow users to earn Binance (BNB) coins, every time people in its community buy, sell or trade the tokens

As per the company’s whitepaper, users are transformed into Pokemon trainers, who gather POKE tokens and hold them while being rewarded with “free” BNB.

Pokechain To Grant Free BNB In Exchange for Holding POKE Tokens

The exchange rewards its users from the moment they come on board and start trading with POKE tokens. The entire system leverages open-source smart contracts deployed on BSC to assure transparency, trust, and security.

Furthermore, all BNB coins accumulated from the purchases on Pokechain are redirected to the reward pool, which is used to distribute the free Binance tokens among users.

Pokechain is a decentralized exchange (DEX), that enables peer-to-peer transactions without the need for intermediaries. As a result of this non-custodial approach, transactions, and digital assets remain transparent before the community and are not subject to tax charges or confiscations.

For interested buyers, Poke tokens are available for a 10% transaction fee. This means that an exchange of 100 BNB coins would afford you POKE tokens worth 90 BNB. Pokechain will distribute 8% of the deducted amount evenly across the community. And soon enough, you too will be collecting BNB coins from similar transactions on the exchange.

Pokechain Has Zero-Balance Penalties And Anti-Whales Safeguards

The exchange has a strict policy against zero-balance in user wallets. Customers on the platform will have to wait for two years to collect their BNB rewards in case they cash out all their POKE holdings.

In addition, Pokechain has integrated an anti-whale feature in its platform, that would prevent people from hoarding on its native tokens. Whales can be detrimental to any crypto ecosystem as they wield inordinate influence on the prices of the currencies they hold. With Pokechain safeguard, transactions exceeding 0.1% of the token’s total supply will be rejected. Thus avoiding pump-and-dump exits from the ecosystem.