The Poken Company first grabbed the attention of investors worldwide in 2021 when it launched a successful ICO of its native token PKN. Today PKN is not yet among the most popular cryptos on exchange platforms, but it has all the potential to become one.
The reasons are simple and can be seen through the company’s goals. By launching different platforms for different audiences, having several high-profile backers and ambassadors, and aiming to offer a solution for the coming years, Poken has everything it needs to succeed.
Recent developments in the ecosystem of The Poken Company have allowed it to make a name for itself. Find out about these and more in the review of Poken below.
Poken crypto (PKN) was launched in the summer of 2021 through an ICO that raised 10.7 million USD from over 80,000 investors. It is therefore relatively new to the industry, but it has a long history through its parent company which has previously launched two platforms in 2017 and 2019 with the same goals in mind.
The Poken Company has always been interested in creating a transparent platform for creators through the use of cryptocurrencies. That goal remains the same today, albeit in a different and more unconventional industry through the Pokmi platform which mainly focuses on the buying and selling of adult content.
PKN is built on the Ethereum blockchain, which operates through a proof-of-stake (PoS) protocol, but Poken staking is not available. Nevertheless, it still enjoys the same security and decentralization provided by the blockchain, as well as the benefits of the most popular smart contract blockchain.
The total supply of PKN tokens is limited to 5 billion, and to date, the token’s expansion continues on various exchange platforms. The token has several objectives with the main one being to reward content creators through efficient and clear transactions without hidden fees as well as allowing uncensored access to content.
The Poken Company is a French company that has been around since as far back as 2017. Poken founder Marco Garniga along with Nils Lataillade had a vision for a platform where content creators and consumers would interact freely without any restrictions. Thus, they launched Poket and Pokikoo thereafter but both failed.
It wasn’t until 2021 by partnering with Fred Coppula that the company really took off in Poken to USD. Coppula is a renowned adult film director and producer, and together they created Pokmi to focus on sharing adult content. Several high-profile adult actors and actresses such as Abella Danger, Manuel Ferrara, and Kayden Kross promoted the platform and it became a success.
Pokmi had become a platform for the sale of adult content in the form of NFTs and several collections were made available. Poken (PKN) would be the native token for purchasing the NFTs, so it didn’t come as a surprise when the token’s ICO raised 10.7 million USD in the summer of 2021 and the price of Poken skyrocketed.
Although the Pokmi platform is now prominently featured in the use of the Poken crypto, The Poken Company asserts that this token can still be used in other categories of content. If we rely on the company’s statements on its official website, Pokmi is not the only arm of the company to consider when thinking about Poken stock price.
The goal remains the same for the company: to offer a practical and decentralized means of payment for online content. In the future, Poken aims to challenge the payment habits established by consumers over many years and promote better rewards for creators.
The Poken Company is involved with several large-scale projects, the most renowned among them being undoubtedly the Pokmi platform. The use of the Poken token (PKN) doesn’t stop there, though, but it constitutes many other platforms where it enables streamlined transactions.
Since the establishment of the company and up to the present day, Poken’s objective is to be used as a reliable and secure means of payment for the purchase of goods and services. With its former platforms Poket and Pokikoo, The Poken Company had already moved in this direction by enabling the purchase of certain goods directly using crypto.
The intended use of PKN is not directly related to the production of adult content or this industry in general on Pokmi. The token is simply the chosen means of payment by Poken to facilitate transactions on Pokmi. Everything indicates that other industries will follow the same principle in the future.
However, it is evident to understand why this adult industry holds significant interest in using cryptocurrency as a form of payment. Pioneering in the adoption of blockchains and cryptocurrencies, this industry benefits from the associated anonymity and the security of transactions.
As explained earlier, the operation of Poken is currently quite extensive, despite its more recent recognition, particularly through its Pokmi platform. However, its general operation is not solely based on that, as Poken and its PKN token represent an entire ecosystem promoting various projects in the world of cryptocurrency.
Indeed, Poken also seeks to provide services to businesses of all kinds and, above all, to popularize cryptocurrency payments. To achieve this, the company emphasizes a token (PKN) with the benefits of virtual currencies, namely a protected anonymity status and major security. The functionalities of the Poken token (PKN) are thus numerous.
This is the first and most obvious function of the token. Poken intends to revolutionize online payments for various services through the use of cryptocurrencies. This technology will eliminate the need for traditional banking systems that are controlled by governments and regulators, thus making payments unrestricted.
Forget about days-long waiting periods, a decentralized network like Ethereum isn’t restricted by geographic borders. Therefore, transactions are processed speedily as soon as they’re verified on the blockchain without delays. This is important for both creators and consumers who are interested in sharing content.
Without a dedicated Poken blockchain, it leverages the lower gas fees on the Ethereum network, transaction fees through Poken are lower than with traditional money transfer services. Transaction fees can be a bane to creators who sometimes feel cheated and not adequately paid for their content. But with Poken, there are no exorbitant fees.
Content shared on Poken is posted as NFTs which use smart contracts. The main advantage of NFTs is that they show the actual ownership of content, thereby preventing piracy and hacking. This is important for both the creators and consumers who can prove ownership of content whenever there is a dispute.
Compared to its competitors and according to its own statements, The Poken Company aims to provide a more enjoyable experience. They do this by creating user-friendly platforms for everyone on any device so that content sharing can be fun rather than going through various roadblocks.
For multiple reasons, as you may have already considered throughout this guide, it can be interesting to acquire Poken. The asset can help you take advantage of related payment solutions or simply invest in this cryptocurrency, given its presence on various exchange platforms.
According to CoinMarketCap, Poken is not available on the majority of centralized or decentralized exchange platforms. However, a few major exchanges offer the buying and selling of this increasingly popular asset such as MEXC and DigiFinex as well as Uniswap v2 and PancakeSwap v2.
From the available options, we believe that the Uniswap platform is best suited for exchanging Poken assets and tokens. Highly reputed and backed by numerous positive user reviews, even we at Tokize made a review of the platform. In this regard, we will explain how to proceed with the purchase or sale of Poken on this platform. So, how do you exchange PKN on Uniswap?
This DEX platform has many enthusiasts, and it is easy to understand why. On the Uniswap homepage, you will have no difficulty conducting an exchange, even in French. When taking the initial steps, you can proceed directly to the web platform or, if you already have it on your mobile device, through the official Uniswap application.
Technically, creating an account does not exist on Uniswap since it is a decentralized platform. If you are familiar with such platforms, you will know that this step is skipped, just like with account security or even making a deposit. These steps do not exist on DEX; thus you can proceed directly to the purchase of your cryptocurrency and, when ready, PKN tokens.
Since it is a DEX (decentralized exchange), before purchasing PKN on Uniswap, you must already own another cryptocurrency and then swap it for PKN. Without this, you cannot proceed with the exchange, so you will need to connect your crypto wallet to Uniswap.
For this, we recommend using MetaMask because it is easy to use on mobile and desktop. Here, it’s installed as a Chrome browser extension after which you can easily connect it to the Uniswap exchange.
And if you don’t already own crypto, it’s easy to buy some using fiat currency through your credit/debit card or bank transfer. The transaction time will depend on the crypto you buy. For instance, buying Ethereum (ETH) can take up to 10 minutes, after which time the crypto is deposited to your MetaMask wallet.
Now you can swap your ETH on MetaMask for PKN on Uniswap and the token(s) will be deposited into your wallet. Once the operation is completed, you will directly benefit from the acquired amount of PKN in that same wallet.
Now: 78 Extreme Greed
Now: 78 Extreme Greed
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The present history of the PKN token began in the summer of 2021 with the first ICO conducted by The Poken Company. The sale of $10.7 million worth of PKN took place following the destruction of the old PKN token, available on the company’s old platforms mentioned above and since disappeared. So, will Poken go up in value?
Today, the Poken price USD has been particularly stable in its value since July 2022 as you can see in the Poken chart below. Shortly after the launch of the Pokmi platform, the native token of the Poken ecosystem briefly reached an all-time high value of around 0.045 USD in April 2022, although this price held for only a few hours.
The development of projects within this ecosystem can make such an investment interesting, as users seem to value the goal and vision of Poken. Based on these characteristics, PKN has the potential to increase in value in the coming years and continue its objectives and will Poken recover.
In our opinion, the ambition to offer a virtual currency designed for online payments is logical and plausible, given that many recognized platforms have already trusted Poken and its famous token. But the Poken prediction is still very conservative for now until more developments are made.
Regarding the Pokmi platform, although it is not the sole focus of Poken’s activities, this evolution also seems to be heading in the right direction. The adult film industry has often been lucrative for many companies, and in this sense, the use of PKN tokens is becoming increasingly important thanks to Pokmi.
At first glance, the PKN token seems like a typical token, as there are now thousands on various platforms and blockchains. However, a closer look at the information and Poken forecast shared by the Poken Company reveals that it aims to act differently in the world of cryptocurrency.
Undoubtedly, Poken aims to become a major player in the future of Web3 and is already proud to announce several strategic partnerships with companies offering online payments with this asset the Poken future seems bright, and Poken value may still rise further.
However, the main attraction of Poken in 2024 remains its Pokmi platform, making it particularly unique in the world of cryptocurrency. While the adult film industry has always been a staunch supporter of cryptocurrencies due to their anonymity and security, Pokmi has truly elevated the use of assets online.
With several partnerships, the platform offers an NFT marketplace. Without solely focusing on this aspect and industry, Poken primarily seeks to showcase its expertise and expand into other areas through this increasingly recognized platform, notably thanks to Pokmi.
About the author
EN Robert Balmes est analyste financier depuis 2013. Il est expert dans les marchés actions, le Forex et les cryptomonnaies. Il participe à l’élaboration d’articles de fond sur des sites spécialisés comme Tokize.com.
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