What is Poolz Finance (POOLX)

Poolz Finance is a protocol that facilitates token auctions for startups and project owners. It allows project owners to access liquidity during their pre-listing phase. With the increasing shift towards decentralization within the blockchain and cryptocurrency community, Poolz Finance provides a platform for innovators to connect with early-stage investors.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (POOLX/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is Poolz Finance (POOLX)
What is Poolz Finance (POOLX)

What Exactly is Poolz Finance?

Poolz Finance is a platform that facilitates Initial Decentralized Offerings (IDO) for crypto projects. It allows them to raise funds and bootstrap liquidity in a decentralized manner. With Poolz Finance, early-stage investors can discover and invest in promising projects. Meanwhile, project teams can focus on developing their products or services without the need to spend resources on marketing and fundraising. Launchpad platforms associated with Poolz can handle the marketing aspects of the fundraising process, building interest and confidence within the community.

How Does Poolz Finance Work?

Poolz Finance is a decentralized platform that enables crypto projects to raise funds for bootstrapping liquidity while allowing investors to discover promising projects. The platform has two types of pools: Direct Sale Pools (DSP) and Time-Locked Pools (TLP). DSP is a pool without any lock-in period, where investors receive the token immediately after the sale. TLP, on the other hand, has a lock-in period where investors receive their swapped tokens only after the period ends.

To start the process, project owners select the relevant blockchain for their projects and enter basic token details and total supplies. They also specify the auction parameters, including payment methods, swapping ratios, and percentage discounts for Poolz token holders.

On the other hand, liquidity providers (investors) select a blockchain ecosystem of their choice and connect their compatible wallets. They can browse through all listed pools, which include information such as opening time, closing time, remaining time, token name, payment method, swapping ratio, and present status. Investors then input the number of tokens they want to buy. Depending on the pool’s type and duration, the swapped tokens will immediately go to their wallets or after the specified time period.

POOLX Token Usage

The POOLX token has several use cases, including staking and rewards, governance, and token burn. POOLX holders can earn passive income by staking their tokens in wallets or liquidity pools. Additionally, rewards and incentives for participating in the Poolz platform will be given in POOLX tokens. Holders of POOLX tokens can also gain voting rights and participate in the community’s decision-making process. They can vote on proposals, pool audits, token circulation, burn ratio, distribution, and more. Poolz Finance will use a portion of its daily earnings to buy and burn POOLX tokens, thus reducing its supply.

Where to buy POOLX Token

You can find POOLX Token here at MEXC! We are listing POOLX/USDT in our Innovation Zone!

What is the Price of POOLX Tokens?

POOLX token is currently trading at MEXC for $3.88. It has a fully diluted market of $21,345,185. It also has a 24-hour trading volume of $2,602,967. You can check the live price of their token right here!

How to buy POOLX Tokens on MEXC

You can buy POOLX Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “POOLX” using the search bar to see the available trading pairs. Take POOLX/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of POOLX you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy POOLX] to confirm your order. You will find the purchased POOLX in your Spot Wallet.

You can find a detailed guide on how to buy POOLX Tokens here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

Start your travel on MEXC

Share your love to MEXC
Default image
Wilbur Kwok
Wilbur strives in two ecosystem – Sports and Blockchain. Hit him up now to talk about all things crypto related!