Poolz Finance (POOLX) is a decentralized Layer-3 swapping protocol built on DeFi infrastructure. It operates as a cross-chain IDO platform, enabling businesses and project owners to launch and auction tokens, facilitating liquidity and early-stage investor engagement. The native token, POOLX, grants holders various privileges within the ecosystem, including governance, staking rewards, and participation in IDOs.
Poolz Finance (POOLX) is a cryptocurrency token with several use cases. Here are the key ways it is utilized:
Staking and Rewards: 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 are given in POOLX tokens.
Governance: Holders of POOLX tokens 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.
Token Burn: Poolz Finance uses a portion of its daily earnings to buy and burn POOLX tokens, reducing the token supply.
Airdrops and Incentives: POOLX tokens are used to participate in airdrops and other incentives, such as the Top Tiers Airdrops, which require locking a minimum of 3,500 POOLX tokens.
IDO Participation: POOLX holders can participate in Initial Decentralized Offerings (IDOs) on the Poolz Finance platform, which facilitates fundraising for crypto projects.
These use cases highlight the multifaceted nature of the POOLX token within the Poolz Finance ecosystem.
To store Poolz Finance (POOLX) tokens, you can follow these steps:
Use a Supporting Wallet: Ensure you have a wallet that supports the Poolz Finance token. You can use wallets like Coin98 Wallet or Trust Wallet, which are known to support POOLX tokens.
Acquire POOLX Tokens: Purchase Poolz Finance tokens through a supporting exchange and transfer them to your wallet.
Add Token to Wallet: If necessary, add the POOLX token to your wallet manually by entering the token's smart contract address. This step may vary depending on the wallet you use.
- Secure Storage: Ensure your wallet is secure and up-to-date to protect your POOLX tokens from potential risks like impermanent loss.
By following these steps, you can safely store your Poolz Finance tokens and participate in IDOs and other activities on the platform.
To buy Poolz Finance (POOLX) tokens, follow these steps:
Find a Reliable Exchange: Look for a reliable centralized exchange where POOLX is listed. You can refer to CoinMarketCap for a list of exchanges that support POOLX.
Use a Decentralized Exchange (DEX): Another option is to use a DEX like PancakeSwap. Make sure your wallet is compatible with the DEX you choose.
Set Up Your Wallet: Download and set up a crypto wallet like Trust Wallet. Ensure you keep your seed phrase safe and note your wallet address.
Buy Base Currency: Purchase the base currency, such as BNB Chain, and transfer it to your wallet.
Connect to the DEX: Connect your wallet to the DEX, and select the POOLX token to buy.
Trade and Swap: Trade your base currency for POOLX tokens. If POOLX doesn’t appear, find its smart contract address and enter it manually.
- Complete the Swap: Confirm the swap, and your POOLX tokens will be added to your wallet.
For more detailed instructions and specific steps for PancakeSwap, refer to the Poolz Finance blog.