Cryptocurrency

PooCoin: Cryptocurrency Beginners Explained

PooCoin: Cryptocurrency Beginners Explained

The basics of what you need to know

Cryptocurrency β€” PooCoin
Image by author via Canva

Consider this your one stop shop for everything you ever wanted to know about PooCoin explained in everyday language you can actually understand.

Imagine that.

Here’s a handy definition:

PooCoin is a DeFi trading analytics website for Binance coin (BNB), Polygon (MATIC) and KuChain (KCC). DexTools (DEXT) is the main Ethereum (ETH) DEX analytics tracker, competing with PooCoin.

The price of the token is currently $1.28, with a market capitalization of eight million. There is currently a supply of approximately ten million tokens.

Of course, cryptocurrency markets change quickly.

Now let’s bring that explanation back for us mortals.

PooCoin is a website that tells you the prices of Binance coin (BNB), Polygon (MATIC) and KuChain (KCC) on different exchanges.

DexTools (DEXT) is a website that tells you Ethereum (ETH) prices on different exchanges. The current price of PooCoin is $1.28 and has a market cap of eight million.

There is currently a supply of ten million tokens.

Ok, that’s better.

The symbol for Poocoin is $POOCOIN.

You look for this symbol on exchanges when you want to buy or sell PooCoin. This is the same as any other type of cryptocurrency. For example, PooCoin and Bitcoin (BTC) have different symbols. So when you want to buy BTC on the stock exchange, you look for the symbol BTC.

The emoji or logo for PooCoin is the poop emoji. πŸ’©

Yeah, that’s funny.

But it also led investors to speculate about the seriousness of the “Meme” cryptocurrency.

You use the analytics on the PooCoin website to hopefully make more informed decisions when trading on other cryptocurrency exchanges.

PooCoin also offers users portfolio management and useful data charts for the Binance Smart Chain.

Some of the nice features of PooCoin include:

  • Charts and data for Binance, Kucoin and other exchanges
  • Coin price analysis
  • Heatmaps of coins
  • Market capitalization data
  • 24-hour volume

PooCoin is not a good investment. Cryptocurrency (like most others) is very volatile.

For example, today’s real-time PooCoin price (7/16/2022) is exactly $0.246846. The trading volume for the whole day is currently $2274.58.

If you are a high-risk investor, PooCoin might be worth considering. But, as with any cryptocurrency, there are no guarantees.

Yes, PooCoin has an app.

The app is a desktop and mobile version of the site, which you can find at https://poocoin.app/.

In the app you can trade, use multiple charts, view price charts and run a free price bot. You can also link your wallet to the app to manage your PooCoin holdings.

Yes, the PooCoin app is legit.

Beware of fake lookalike websites that might try to steal your cryptocurrency. PooCoin is most securely available on the official site (https://poocoin.app/).

From time to time, other fraudulent versions of the name of this website appear to deceive new investors.

As with anything involving your money, it’s best to be cautious.

PooCoin is not a token available to buy (or even trade) on the Binane platform.

Binance Smart Chain is a blockchain that is compatible with the Ethereum Virtual Machine. This enables easy development of smart contracts and decentralized applications.

PooCoin is not the same as PancakeSwap.

PancakeSwap and PooCoin are two similar (but different) projects. It is true that both applications are based on Binance Smart Chain and offer token exchange functionality.

However, the two are different.

In my opinion, PancakeSwap is a decentralized exchange, while PooCoin is mainly an analytical website that offers some trading options.

Here’s how you can buy Poocoin and get it in your virtual wallet:

  1. Check out the website known as PancakeSwap.
  2. Click on “I understand”.
  3. Then click on “Import”.
  4. Connect a crypto wallet to PooCoin via PankcakeSwap. This is where you will store your PooCoins.
  5. Check if the wallet contains Binance Coin (BNB). This is the currency you will exchange for PooCoin.
  6. Choose how much BNB you want to exchange for PooCoins.
  7. Choose a glide of 9%. This means that PooCoin can fluctuate up to 9% during an exchange.
  8. Complete the replacement. Your PooCoins will now be in your wallet!

Here’s a decent YouTube video that will walk you through the process of buying Poocoin (or any Meme token):

YouTube video by Matthew Paquette β€” PooCoin

There are many different ways to set up price alerts for PooCoin.

One way is to use websites like cryptocurrentlyalerting.com. You can track live prices of thousands of different types of cryptocurrencies on this website.

You can track the price of PooCoin using:

  • Slack bots
  • Strife
  • Telegram

On the website of the PooCoin application, you can find a list of external tools:

  • Moonlight
  • Ach.Tools Telegram & Discord Price Bot
  • Gem Protocol

Cloning Poocoing requires the right tools, knowledge and strategy.

Or money.

You can just pay someone to make a PooCoin clone for you. But if you want to build a clone yourself, here are the basic steps.

PooCoin cloning process:

  1. Find, build, or hire someone to build a data scraping tool.
  2. Also use it to extract cryptocurrency price data (probably from websites like Pancakeswap or PooCoin).
  3. Collect and organize price history using standard Microsoft Office or Google software.
  4. Set up a service to allow users to interact with your cloned app.

You can use a web scraping tool such as Import.io, Octoparse, ScrapingBot, ScrapeStorm or Hexomatic to scrape the data. You can create a historical data record using tools such as Microsoft Excel, Google Sheets, or OpenOffice.

You can offer your users an API with a service like RapidAPI, Amazon AWS, or Google Cloud.

API stands for “Application Programming Interface” and basically allows two software programs to communicate with each other.

Many investors do not trust PooCoin and prefer alternative platforms.

Here are some of the best PooCoin alternatives:

  • Dextools.io
  • Nomics.com
  • Cryptosat
  • Tradingview.com
  • Bscscan.com
  • CoinMarketCap
  • thebittimes.com
  • Binance.com
  • Coingecko
  • Etherscan.io
  • CryptoCompare
  • Kucoin.com
  • Coinranking.com.

PooCoin is one of several Meme cryptocurrencies whose future is very uncertain.

Unless you know what you’re doing (or have extra cash), I’d stay away from big, risky investments.

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