Polytrade Price
(TRADE)
USD($)
Polytrade (TRADE) Live Price Chart
Overview
About
Analysis
FAQ
Polytrade Live Price Data
The live price of Polytrade is $0.5670, with a total trading volume of $ 106,255 in the last 24 hours. The price of Polytrade changed by +0.96% in the past day, and its USD value has decreased by -14.29% over the last week. With a circulating supply of 39,833,697 TRADE, the market cap of Polytrade is currently 22.56M USD, marking a --% increase today. Polytrade currently ranks #-- in market cap.
How do you feel about Polytrade today?
Note: This data is for reference only.
Polytrade(TRADE) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0x6e5970...0C1
- BNB Smart Chain (BEP20) 0x6Ba7a8...f3b
Audited By
- https://www.certik.com/projects/polytrade
Code & Community
Investors
- Shima Capital
- Krypital Group
- LD Capital
- Amestan Capital
$0.5545
$0.6099
- ATH
- $3.06
- Price Change (1h)
- +0.51%
- Price Change (24h)
- +0.96%
- Price Change (7d)
- -14.29%
- Market Cap
- $22.56M
- 24h Volume
- $106,255
- Circulating Supply
- 39,833,697
- Max Supply
- 100,000,000
About TRADE
How can I buy Polytrade (TRADE)?
Buying TRADE 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 Polytrade (TRADE) for more information. What Is Polytrade (TRADE) Crypto?
Polytrade is the world’s leading marketplace for Real-World Assets ("RWAs"). Backed by & partnered with industry giants Mastercard, Polygon, Alpha Wave, and Matrix Partners, Polytrade’s marketplace brings together tokenized t-bills, credit, real estate, commodities as well as collectibles, art, IP, creator royalties, luxury goods from all chains to a single platform. Using its own RWA-focused ERC-6960 technology, Polytrade enables users to discover, trade, fractionalize, cross-chain bridge, leverage, trade and simply do more with RWAs.
Polytrade's innovative approach includes the "Proof of Trade" mechanism, which serves as a proof of ownership for assets on the platform, enhancing security and transparency in transactions. Additionally, Polytrade is venturing into the metaverse by developing products specifically targeted around trades and economies within virtual environments, aiming to offer a 100% on-chain digital native trade finance product.
How Does Polytrade Work?
Polytrade (TRADE) is a decentralized platform that connects small and medium-sized enterprises (SMEs) with investors through blockchain-based trade finance. It works by tokenizing RWAs, such as invoices, and turning them into non-fungible tokens (NFTs). These tokenized invoices allow businesses to receive immediate liquidity, while investors can provide capital in return for interest, often paid in stablecoins or TRADE tokens.
The platform uses smart contracts to automate transactions, ensuring transparency and security. Investors can earn rewards by contributing to the liquidity pool, and the TRADE token also plays a key role in governance, allowing users to vote on platform decisions. By integrating traditional finance with DeFi, Polytrade makes cross-border transactions faster and reduces costs for all parties involved.
History of Polytrade Finance and TRADE Coin
Polytrade (TRADE) was founded by Piyush Gupta in 2021 with the goal of transforming trade finance through blockchain technology. The platform provides liquidity to SMEs by tokenizing real-world assets, such as invoices, allowing them to secure financing quickly.
Polytrade officially launched in August 2021 with an Initial Coin Offering (ICO) on Polkastarter. It has since expanded its services, including the introduction of decentralized governance and partnerships with key players like Polygon. The platform has continued to grow, with a focus on integrating real-world asset (RWA) tokenization and building a multi-asset marketplace.
Looking ahead, Polytrade plans to fully decentralize its trade finance protocol and increase cross-chain portability.
What Is TRADE Token Used for?
The Polytrade (TRADE) token serves several key purposes within the Polytrade ecosystem.
1. Governance: TRADE token holders can vote on important decisions related to the platform’s development.
2. Staking: Users can stake TRADE tokens to earn rewards, incentivizing long-term participation.
3. Reduced Fees: Sellers who stake TRADE tokens benefit from lower interest rates, while buyers who settle invoices with TRADE can get discounts.
4. Community and Ecosystem Growth: A significant portion of the tokens is allocated to community incentives and liquidity rewards, ensuring the platform’s sustainability and user engagement.
You can also trade Polytrade crypto against other digital assets listed on the KuCoin spot trading interface. After you DYOR, you can buy, sell, or HODL $TRADE in your portfolio based on your investment goals and risk tolerance.What Is Polytrade Tokenomics?
The tokenomics of Polytrade (TRADE) revolves around a total supply of 100 million tokens. The token distribution for Polytrade (TRADE) is structured to support its ecosystem's growth. Here’s how the 100 million tokens are allocated:
> Seed Round: 7.5% of tokens were allocated at a price of $0.04.
> Strategic Round: 3.25% of tokens at a price of $0.08.
> Private Round: 7.5% of tokens at a price of $0.12.
> Public Sale: 1.33% of tokens were sold at $0.15 during the public round.
> Team: 17% of the total tokens are reserved for the team.
> Ecosystem Partners & Advisors: 4% of the tokens.
> Community Incentivization: 39.42% of the tokens are used for community incentives and rewards.
> Marketing & LP Rewards: 20% of tokens are allocated for marketing and liquidity rewards.
Polytrade (TRADE) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0053 | 0.96% |
| 7 Days | $-0.093 | -14.04% |
| 30 Days | $0.1404 | 32.77% |
| 3 Months | $0.1454 | 34.36% |
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.
Strong SellSellNeutralBuyStrong Buy
Polytrade Conversion Rate
FAQ
How much is 1 Polytrade (TRADE) worth?
KuCoin provides real-time USD price updates for Polytrade (TRADE). Polytrade price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TRADE to USD exchange rates. Is Polytrade (TRADE) a Good Investment?
Investing in Polytrade (TRADE) offers several potential advantages:
1. Access to Real-World Assets: Polytrade tokenizes real-world assets like invoices, making them accessible to investors. This opens up opportunities to invest in traditionally illiquid assets.
2. Dual Rewards: Investors can earn rewards both in stablecoins and TRADE tokens by providing liquidity to the platform. This makes Polytrade an attractive option for yield farming.
3. Governance and Lower Fees: TRADE holders can participate in governance decisions and benefit from reduced fees when using the platform for transactions, making it a cost-efficient solution.
4. Security and Transparency: The platform uses blockchain technology and NFTs to tokenize assets, ensuring transparency and secure transactions for both businesses and investors.
5. Growth Potential: With a solid backing from industry leaders like Polygon, and partnerships with DeFi protocols, Polytrade has the potential for significant growth in the expanding market of tokenized real-world assets.
What Is Polytrade Price Prediction?
These factors collectively contribute to the TRADE price prediction in the market:
1. Market Demand and Supply: The overall demand for TRADE tokens, combined with their circulating supply, plays a significant role in price fluctuations. A higher demand, especially driven by new users and investors, typically pushes the Polytrade price up.
2. Adoption and Platform Growth: As more businesses use Polytrade's platform for trade financing and liquidity provision, the demand for TRADE tokens increases. This is particularly driven by the token's utility in securing lower fees and staking rewards.
3. Partnerships and Integrations: Strategic collaborations with major financial institutions like Polygon and participation in initiatives like the Mastercard StartPath program boost investor confidence, positively impacting the $TRADE price.
4. Market Conditions: General cryptocurrency market trends, such as Bitcoin and Ethereum performance, influence the TRADE to USD price. If the broader market is experiencing a downturn, TRADE prices may drop as well.
5. Polytrade Platform Developments: Updates such as the introduction of new features or the tokenization of additional real-world assets increase investor interest and potentially raise the TRADE coin price.
How to Stake TRADE Tokens on Polytrade App
To stake Polytrade (TRADE) tokens on the Polytrade app, follow these steps:
1. Visit the Staking Platform: Go to Polytrade's staking app.
2. Connect Your Wallet: You need to connect a wallet compatible with the Polygon network, such as MetaMask.
3. Deposit TRADE Tokens: After connecting your wallet, choose the amount of TRADE tokens you want to stake and click on the "Deposit" button.
4. Monitor Your Stake: Once staked, you can view details such as APR, your staked amount, and available rewards on the dashboard.
5. Claim Rewards: You can claim your rewards by pressing the "Claim" button at any time.
6. Withdraw Anytime: Since the staking program offers flexibility, you can withdraw your staked tokens whenever you want without penalties.
By staking, you can earn rewards, which adjust dynamically based on the size of the staking pool.
What is the all-time high price of Polytrade (TRADE)?
The all-time high price of Polytrade (TRADE) is $3.0600. The current price of TRADE is down 81.50% from its all-time high.
What is the all-time low price of Polytrade (TRADE)?
The all-time low price of Polytrade (TRADE) is $0.0513. The current price of TRADE is up 1,005.68% from its all-time low.
How much Polytrade (TRADE) is there in circulation?
As of 12 22, 2024, there is currently 39,833,697 TRADE in circulation. TRADE has a maximum supply of 100,000,000.
What is the market cap of Polytrade (TRADE)?
The current market cap of TRADE is $22.56M. It is calculated by multiplying the current supply of TRADE by its real-time market price of $22.56M.
How do I store Polytrade (TRADE)?
You can securely store your Polytrade in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TRADE 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 Cardano (ADA) to cash?
You can instantly exchange your Cardano (ADA) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ADA 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.