Polkamarkets Price

(POLK)

USD($)
Polkamarkets (POLK) Live Price Chart

    Polkamarkets Live Price Data

    The live price of Polkamarkets is $0.02146, with a total trading volume of $ 114,891 in the last 24 hours. The price of Polkamarkets changed by +1.56% in the past day, and its USD value has decreased by -15.86% over the last week. With a circulating supply of 89,620,465 POLK, the market cap of Polkamarkets is currently 1.92M USD, marking a --% increase today. Polkamarkets currently ranks #-- in market cap.

    How do you feel about Polkamarkets today?

    Note: This data is for reference only.
    pk

    Polkamarkets(POLK) Profile

    altRank--
    rate--
    Expand
    • Website

    • Documentation

    • Explorer

    • Contract

      • Ethereum 0xd47816...fbf
    • Audited By

      • https://hacken.io/wp-content/uploads/2021/10/Polkamarkets_06102021SCAudit_Report_2.pdf
      • https://drive.google.com/file/d/121EaqOJPGuxhXeRWIGe4KHiWxTA8OO0P/view
      • https://www.certik.com/projects/polkamarkets
    • Code & Community

    • Investors

      • NGC Ventures
      • Spark Digital Capital
      • Morningstar Ventures
    $0.02093
    $0.02190

    ATH
    $4.14
    Price Change (1h)
    0.00%
    Price Change (24h)
    +1.56%
    Price Change (7d)
    -15.86%
    Market Cap
    $1.92M 
    24h Volume
    $114,891 
    Circulating Supply
    89,620,465
    Max Supply
    100,000,000

    About POLK

    • How can I buy Polkamarkets (POLK)?
      Buying POLK on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Polkamarkets (POLK) for more information.
    • What Is Polkamarkets (POLK) Crypto?

      Polkamarkets (POLK) is a Web3-powered prediction market platform. It lets you forecast events in areas like sports, crypto prices, politics, and entertainment. You can earn POLK tokens by participating in predictions or by providing liquidity to the platform.

       

      The POLK token is used for various purposes, such as opening new markets and participating in liquidity mining. Liquidity providers earn a share of trading fees, and users can unlock exclusive features and NFTs by holding more POLK. The platform integrates across blockchains like Ethereum and Polygon

       

      POLK is available on exchanges like KuCoin and Uniswap, and it has a max supply of 100 million tokens. The project combines decentralized finance (DeFi) with gamification, making it appealing to both traders and enthusiasts who enjoy prediction games.

    • How Does Polkamarkets Prediction Market Work?

      Polkamarkets (POLK) is a decentralized prediction market where you can forecast real-world events like sports, politics, and crypto prices. You earn POLK tokens by buying and selling event outcome shares or by providing liquidity to the platform.

       

      The platform uses blockchain technology, making it secure and transparent. It works without intermediaries, relying on smart contracts and automated market makers (AMM) to manage trades. You can also create your own prediction markets if you hold POLK tokens. Rewards come from market fees and yield farming, encouraging users to stay active on the platform​.

    • History of Polkamarkets Platform and POLK Coin

      Polkamarkets (POLK) was co-founded by Ricardo Marques and Francisco Lourenço. It officially launched its token through a Polkastarter IDO (Initial DEX Offering) in February 2021, followed by listing on Uniswap. The platform initially deployed on Ethereum but aimed to transition to Polkadot once Polkadot's smart contracts were ready to support its features. 

       

      The Polkamarkets roadmap emphasizes continuous platform development. Early releases focused on gamifying prediction markets, adding liquidity incentives through DeFi, and incorporating NFTs. In recent versions, Polkamarkets expanded with tools for market creation, curation, and automated market making (AMM). They also integrated with multiple blockchains, such as Moonbeam and Polygon, to enhance cross-chain functionality. 


      The platform aims to foster decentralized forecasts in industries like sports and finance, using both on-chain and off-chain data to ensure reliable outcomes. Their long-term roadmap includes features to improve liquidity and user engagement, offering live streams and gamified experiences to attract users.

    • What Is POLK Token Used for?

      Polkamarkets (POLK) token serves multiple purposes within its prediction market platform. You use POLK to create, curate, and resolve prediction markets. It powers liquidity mining, allowing you to earn rewards by providing liquidity. Additionally, POLK helps automate market processes, like purchasing tokens via fees collected from trading activities.

       

      One practical use is trading the token itself. You can buy and sell POLK on KuCoin's spot market using pairs like POLK/USDT. This makes it easy for you to participate in the token's ecosystem or trade for profit directly on a popular exchange.

    • What Is Polkamarkets Tokenomics?

      Polkamarkets (POLK) tokenomics revolve around a capped supply of 100 million tokens, with all tokens already distributed and unlocked. Polkamarkets (POLK) token allocation follows a structured plan to support its operations, development, and community engagement. Here's a breakdown of the token distribution:

       

      1. Strategic and Public Sales – 28%

      These tokens were allocated to early investors through the token sale to raise capital and ensure initial liquidity.

       

      2. Liquidity Fund – 22%

      These tokens support liquidity on exchanges like Uniswap and KuCoin, helping maintain trading activity.

       

      3. Marketing and Rewards – 20%

      Allocated to drive platform awareness, partnerships, and user rewards through promotional campaigns and staking incentives.

       

      4. Foundational Reserve – 20%

      This reserve provides long-term support for the project’s ecosystem development and operational needs.

       

      5. Team and Advisors – 10%

      Tokens are vested to team members and advisors, ensuring alignment with the project’s long-term goals.

    Polkamarkets (POLK) Price Movements ($)

    PeriodChangeChange (%)
    Today$0.000130.66%
    7 Days$-0.00405-15.86%
    30 Days$-0.00476-18.14%
    3 Months$0.0076755.65%

    24H Investment Barometer

    24H
    Buy
    The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
    Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
    Strong SellSellNeutralBuyStrong Buy
    board

    Polkamarkets Conversion Rate

    • 1 POLK to USD$0.02146067
    • 1 POLK to EUR€0.02064212
    • 1 POLK to AUD$0.0343933
    • 1 POLK to KRW₩31.3
    • 1 POLK to JPY¥3.37
    • 1 POLK to GBP£0.01710943
    • 1 POLK to INR₨1.83
    • 1 POLK to IDRRp348.91
    • 1 POLK to CAD$0.03081044
    • 1 POLK to RUB₽2.14

    FAQ

    • How much is 1 Polkamarkets (POLK) worth?

      KuCoin provides real-time USD price updates for Polkamarkets (POLK). Polkamarkets price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time POLK to USD exchange rates.
    • Is Polkamarkets (POLK) a Good Investment?

      Investing in Polkamarkets (POLK) offers several advantages. First, the platform provides decentralized prediction markets where you can forecast outcomes and earn rewards, giving you a way to profit from your predictions. As a holder of POLK, you gain access to exclusive features like creating and curating markets, ensuring more control over the platform’s ecosystem.

       

      Another benefit lies in the token’s integration with DeFi incentives. You can provide liquidity to earn rewards and participate in yield farming programs. The decentralized nature of Polkamarkets, managed through smart contracts, also adds transparency and security to your investment. Additionally, trading POLK tokens on popular exchanges like KuCoin offers liquidity and trading opportunities, which can enhance your portfolio’s flexibility and growth potential.

       

      These combined features—ranging from prediction-based rewards to market governance—make POLK an appealing choice for those interested in decentralized finance and blockchain-based forecasting tools. This dynamic use case helps POLK stand out among crypto investment opportunities.

    • What Is Polkamarkets Price Prediction?

      Several factors influence the POLK price prediction. Market demand plays a key role, driven by participation in prediction markets and DeFi activities on the platform. News events and celebrity endorsements can also have a noticeable impact, as they can attract attention and increase trading volumes.

       

      Regulatory changes affecting the crypto market, especially around decentralized finance (DeFi), may influence investor sentiment and POLK's value. Additionally, competition from other prediction platforms and technological advancements in blockchain networks, like Ethereum and Polkadot, can affect how attractive Polkamarkets remains to users and investors.

       

      Broader economic conditions, such as fluctuations in global markets, can either boost or dampen interest in POLK. For instance, during periods of economic uncertainty, some investors might shift towards crypto assets like POLK for diversification.

    • How to Earn on Polkamarkets Prediction Market Platform

      You can earn on Polkamarkets (POLK) in several ways. One way is by participating in prediction markets. You place bets on the outcome of real-world events, and if your prediction is correct, you earn rewards. You can also earn fees by creating markets, provided you hold at least 1,000 POLK tokens.

       

      Another method is providing liquidity to the markets. When you supply liquidity, you earn a share of the trading fees generated by market participants. Additionally, you can lend your POLK tokens to earn interest, typically around 5% APR, through crypto lending platforms.

    • What is the all-time high price of Polkamarkets (POLK)?

      The all-time high price of Polkamarkets (POLK) is $4.14000. The current price of POLK is down 99.48% from its all-time high.

    • What is the all-time low price of Polkamarkets (POLK)?

      The all-time low price of Polkamarkets (POLK) is $0.00980. The current price of POLK is up 119.05% from its all-time low.

    • How much Polkamarkets (POLK) is there in circulation?

      As of 12 25, 2024, there is currently 89,620,465 POLK in circulation. POLK has a maximum supply of 100,000,000.

    • What is the market cap of Polkamarkets (POLK)?

      The current market cap of POLK is $1.92M. It is calculated by multiplying the current supply of POLK by its real-time market price of $1.92M.

    • How do I store Polkamarkets (POLK)?

      You can securely store your Polkamarkets in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your POLK include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.

    • How do I convert Grass (GRASS) to cash?

      You can instantly exchange your Grass (GRASS) for cash using KuCoin's Fast Trade feature. This feature enables you to convert GRASS to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.