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24h Spot Volume$ 44.52B+96.6%
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Polkamarkets

Polkamarkets POLK Price $ 0.0274

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GameFi

POLK Price

0.0274
7.50%
(-$ 0.00222)
Price Range
LowHigh
$ 0.0272$ 0.0297

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Polkamarkets is an autonomous Prediction Market Protocol built for cross-chain information exchange and trading

Polkamarkets (POLK) Chart

Polkamarkets price Index provides the latest POLK price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

POLK to USD Converter

Polkamarkets (POLK)POLK

IDO

24 Feb — 24 Feb 2021

Raised

N/A

Price:

$ 0.05

ROI:

0.55x  -45.3%

Platform:

N/A

ATH ROI:

83.23x  +8,223%

POLK Price Statistics

leaderboard

Market Cap

$ 2.74M

Fully diluted value

FDV

$ 2.74M

ATH Market Cap

$ 114.94M

24 Trade Vol.

$ 30.66K


Vol. (24h) / MCap

0.0112

Max Supply

POLK 100,000,000

Total Supply

POLK 100,000,000

Circulating Supply

POLK 100.00M

(100% of Max Supply)

Listing Date

24 Feb 2021

IDO Price

$ 0.05

24 Feb 2021

IDO ROI

45.2%

0.548x

All Time High

$ 4.16

24 Feb 2021


All Time Low

$ 0.0192

12 Oct 2023


From ATH

99.3%

From ATL

42.4%

What is Polkamarkets (POLK)?

Polkamarkets is a blockchain-based platform that aims to tap into the Prediction Market. The Prediction Market lies at the crossroad between DeFi and information exchange, allowing traders to “leverage their knowledge of the past, present and future to forecast specific, real-world outcomes.” In particular, Polkamarkets focuses on Sports and Esports daily markets.

It hopes to address some of the issues facing prediction markets such as lack of liquidity, markets, and traders. Essentially, it hopes to grow the sector within the blockchain industry. To do so the Polkamarkets team has developed a platform that incentivizes liquidity providers to facilitate large positions. The project also incorporates DeFi practices such as liquidity mining and yield farming within its platform to encourage daily use.

The platform’s native cryptocurrency is the POLK token. It is needed for the settlement and dispute mechanisms in the Polkamarkets protocol. POLK has a total supply of 100,000,000.

What are Polkamarkets’ key features and how does it work?

Essentially, the Polkamarkets platform offers a range of scenarios and questions where users can predict the outcome. It covers a broad range of categories including Crypto, Gaming, Sports, Politics and Others. For example, users can predict if the price of Bitcoin (BTC) will stay below a given price on a particular date and time. An example from the gaming category includes, “Will the next Grand Theft Auto game (GTA) be released by the end of 2023?”. 

An outcome always has a price between 0 and 1, the total value of the outcomes of one market is 1. Prices for each outcome are determined by the number of shares of each outcome in a pool maintained by a smart contract. After the market is resolved, the winning outcome will have a value of 1, with other outcomes with a price of 0.

What is noteworthy about Polkamarkets?

Developers can use Polkamarkets open-source toolkit in order to create their own prediction marketplace or prediction DEX. Some examples of successful Polkamarket integrations include the following projects:

Lepricon.io’s FansPredict A peer-to-peer platform that allows users to stake their tokens across categories including sports, esports, celebrity and entertainment, as well as politics. Participants can predict the outcome of questions posed in each category.

OpenDAO’s SOSMarket An NFT prediction market that allows users to predict outcomes, such as project success, prices, governance, and more, within the NFT market.

Where can you buy POLK?

POLK is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Uniswap V3, Gate.io, and KuCoin. The price of POLK will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for POLK market prices, please view the price charts on this page.

Polkamarkets Price Today

Polkamarkets's current price is $ 0.0274, it has dropped -7.5% over the past 24 hours.

Polkamarkets's All Time High (ATH) of $ 4.16 was reached on 24 Feb 2021, and is currently -99.3% down.

The current circulating supply of Polkamarkets is 100.00 Million tokens, and the maximum supply of Polkamarkets is 100.00 Million.

Polkamarkets’s 24 hour trading volume is $ 30.61 Thousands.

Polkamarkets's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 2.74 Million.

You can find more details about Polkamarkets on its official website and on the block explorer.

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