Web3 Infrastructure Token $POKT Lists on KuCoin Exchange

KuCoin users will be able to buy and trade $POKT, increasing mainstream access to Pocket Network’s utility token for decentralized blockchain infrastructure

Pocket Network, a middleware protocol that provides data relays and blockchain infrastructure from a globally distributed network of more than 25,000 full nodes to Web3 applications across 40+ blockchains, including Ethereum, Polygon, BSC, Fantom, Fuse, Avalanche, and Harmony, today announced that its native token $POKT will be listed on the popular KuCoin exchange. $POKT is a utility token that enables a two-sided, permissionless marketplace where app developers can access blockchain data via Pocket Network by staking $POKT tokens; and node runners can earn $POKT rewards for servicing these developers’ data requests, therefore incentivizing the entire ecosystem.

Listing on KuCoin provides a new venue to trade via a secure exchange using the trading pair POKT/USDT. The listing comes as Pocket Network is experiencing exponential growth, with the number of monthly data relays being serviced by its node runners more than tripling since the beginning of the year, and the network regularly handling more than one billion daily relays.

“Pocket Network has been one of the best-kept secrets among top infrastructure services like AWS and Azure. To date, $POKT has only had niche availability; however, listing on KuCoin is our first step toward providing our solution to a broader investing audience,” said Michael O'Rourke, CEO and Founder at Pocket Network. “We’re extremely proud of how well Pocket Network has been performing and scaling, and we’re confident this listing will help further our mission to provide the best blockchain data ecosystem for Web3 applications.”

$POKT trading will be enabled on KuCoin on October 19th, with a trading competition also taking place through October 26th. $POKT is also listed on a number of other exchanges, including Huobi, Gate.io, Okcoin, MEXC, BTCEX, Btok, Bybit, ZB, Bitget, and Bitrue.

To learn more about Pocket Network, please visit https://www.pokt.network/. Also, join the Discord group and follow Pocket Network on Twitter and Telegram for more updates. 

About Pocket Network

Pocket Network, a blockchain data ecosystem for Web3 applications, is a platform built for applications that uses cost-efficient economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. With Pocket, the use of blockchains can be simply integrated into websites, mobile apps, IoT, and more, giving developers the freedom to put blockchain-enabled applications into the "pocket" of every mainstream consumer. For more information visit pokt.network.

Web 3.0's Pocket Network Processed Over 1 Bn Relays Daily

Relay infrastructure middleware protocol, Pocket Network, which provides blockchain bandwidth from a globally-distributed network of 40k+ full nodes to applications in Web3 across 37 blockchains, today announced its protocol has processed a record number of relays, nearing the benchmark of one billion daily.

Relays have doubled week-over-week and Pocket is nearing one billion daily relays, ten times the 100 million average daily relays Pocket was averaging in November.

In just the last week alone, Pocket has had more relays than it did for the whole month of December, the platform announced, in a statement issued here.

“Robust blockchains require robust decentralized infrastructure, and we’re glad that we’ve been able to serve the demands of growing blockchain ecosystems,” said Michael O'Rourke, CEO and Founder at Pocket Network. “Relays drive the growth of our full node infrastructure, which in turn creates a more resilient and secure network.”

New blockchains and app integrations continue to switch to the decentralized global infrastructure provided by Pocket. Harmony and Polygon alone are driving hundreds of millions of relays across Pocket.

The statement added that with its sustained growth, Pocket is proving the demand for decentralized web3 infrastructure and that this demand is agnostic to market conditions, and will continue to be a mainstay in a bear or bull market.

"In addition, liquidity channels will open up as its protocol becomes more undeniable in terms of industry utility, where they are replacing middlemen with middleware, and where they continue to eat up the inherent inefficiencies in the current way the crypto industry is supported by cloud computing and hosting providers. Being cheaper, faster, and better has been the winning formula to Pocket's scale and dominance," Pocket Network stated.