Poison Finance Coin Review : Is It Good Or Bad Coin Read Our Article

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About Poison Finance Coin

Poison Finance Coin is a decentralized Multichain Synthetic Assets (Potions) issuance protocol built on Ethereum, Arbitrum and Binance Smart Chain and soon much more. Synthetic Potions (pTokens) are collateralized by stablecoins like BUSD, USDt, USDc, DAI, MIM, tUSD, FRAX, or ibTokens like cDAI, cUSDC, cUSDT, aDAI which when locked in the Vault Contract enable the issuance of Potions. Synthetic Potions mimic the price behavior of real-world assets like stocks, commodities, etfs and give traders anywhere in the world open access to price exposure without the implications of owning or trading real assets.

The minting of Potions is decentralized and is handled by users of the protocol. Poison.Finance ensures that there is always sufficient collateral within the protocol to cover Potions. The Poison Token (POI$ON) is minted by the protocol and distributed as an award to support conduct that secures the ecosystem. Poison Protocol ensures liquid Potion markets by rewarding POI$ON to users who stake LPs obtained through providing liquidity. Moreover POI$ON is valuable as it is can be staked to receive voting privileges and to earn a share of the protocol’s Vault withdrawal fees.

Poison Finance Coin Point Table

Coin BasicInformation
Coin NamePoison Finance Coin
Short NamePOI$ON
Circulating SupplyN/A
Max Supply12,610,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Mission

Stable and decentralized digital synthetic assets have immense potential to democratize finance and bring fairness to parts of the world that don’t have access to low-volatile quality assets. Potential market for collateralized synthetic assets is enormous. It’s imperative they continue moving the synthetic assets sector forward. Poison.Finance is on a mission to democratize finance for All.

What are Synthetic Assets (Potions)?

The point of Synthetic Potions is to imitate the value patterns of real-world exchange-traded underlying assets like stocks, commodities, etfs. Although Potions closely represent the movements of underline assets, users are not afforded any rights of the underlying companies, comodities or etfs.

Do I have to go through the KYC process?

Poison.Finance protocol is a collection of Smart Contracts deployed on Ethereum, Arbitrum and Binance Smart Chain with no owner. All actions are undertaken by the users of the protocol. As long as you have Stablecoins like BUSD, USDt, USDc, DAI, MIM, tUSD, FRAX, or ibTokens like cDAI, cUSDC, cUSDT, aDAI you are able to perform all functions available on the Poison.Finance Smart Contracts. Please use due diligence and consult your local laws before using this software.

Why Choose Poison Finance Coin?

Protocol Fees

POI$ON Token stokers receive USDC token rewards every block, which are generated from protocol fees from Vault withdrawals. The protocol fees are collected from Vault collateral and are sold for USDC. The USDC tokens are then distributed as rewards to POI$ON stakers in proportion to the percentage of total stake.

Poll Creation Fees

Whenever a new governance poll is created, an initial deposit of POI$ON tokens must be paid. If the poll does not reach voting quorum, this deposit is distributed to all POI$ON stakers proportionately.

Multichain Access

Poison Protocol is an multichain DeFi protocol, meaning that it can be accessed and interact with other decentralized applications across multiple blockchains. Your immediate focus following the Ethereum Chain and BSC launch will be to integrate Optimism into the protocol. Other chains to follow shortly after.

Where Can You Buy Poison Finance Coin?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Uniswap (V3) (Arbitrum), As It Has The Highest POI$ON/USDC. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include POI$ON/USDC And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

Poison Finance Coin market screenshot

Poison Finance Coin Supported Wallet

Several Browser And Mobile App Based Wallets Support Poison Finance Coin. Here Is Example Of Wallet Which Poison Finance Coin – Trust Wallet For Hardware Ledger Nano.

FAQ Of Poison Finance Coin

Where I Can Find Poison Finance Coin Whitepaper?

You Can Find Poison Finance Coin Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Uniswap (V3) (Arbitrum).

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is N/A.

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