What is POKT
Tokens
Pocket Network (POKT)
Pocket Network is a decentralized blockchain API built for Web3 apps, relaying data to and from any blockchain through a network of thousands of nodes.
I. Project Introduction
Pocket Network's lean and diverse core team is made up of best-of-breed engineers, operators, and marketers. Globally distributed, the team has been working on decentralizing infrastructure since the projects inception in 2017. Led by Michael O'Rourke and other visionary builders, the team is quickly growing to scale out the fastest growing decentralized API.
II. Token Information
1) Basic Information
Token name: POKT
Total supply: 805,169,044
Tokens in Circulation: 659,030,078 as of January 9 2022
Price for early investors:
Tranche 1 (2018): 75M POKT sold at $.01 implying a $6.5M market cap at the time
Tranche 2 (2019): 27.5M POKT sold at $.04 implying. a $26M market cap at the time
Tranche 3 (2020): 50M POKT sold at an average price of $0.07, implying a $45.5M market cap at the time
Tranche 4 (2020-2021): 54M sold at an average of $0.12, implying a $80M market cap at the time
Tranche 5 (2021/2022): $.23 - $.38
TGE Date: 05/15/2020
2) Token Distribution and Token Release Schedule:
| Party | % of the total | Token Release Schedule | |
| Pre-seed | 76,000,000.00 | 9.44% | 2018 1-year lockup |
| Seed | 33,375,000.00 | 4.15% | 1-year lockup |
| Direct Sale | 80,000,000.00 | 9.94% | 6 to 12-month lockup |
| Direct Sale II | 37,049,421.00 | 4.60% | 18 to 48 months lockup |
| DAO | 50,000,000.00 | 6.21% | Immediate (will not involve in secondary market) |
| Incentivized Testnet | 13,291,206.00 | 1.65% | 1 year lockup |
| Foundation Treasury | 33,292,813.00 | 4.13% | Immediate |
| PNI Treasury | 21,415,473.00 | 2.66% | Immediate (depend on the Board of POKT) |
| MVP | 1,030,000.00 | 0.13% | 1 year lockup |
| Founders | 150,000,000.00 | 18.63% | 3 years vesting, 10% upfront |
| Advisors | 39,594,200.00 | 4.92% | Vesting, varies |
| Team I | 91,201,887.00 | 11.33% | 3-4 year vesting |
| Team II | 23,750,000.00 | 2.95% | 4 year vesting |
| Servicer/Validator Rewards | 155,169,044.00 | 19.27% | Minted and distributed in proportion to work done and proved. No lockups. |
| Total | 805,169,044.00 | 100.00% |
III. Related Links
Whitepaper: https://docs.pokt.network/
Official Website:https://www.pokt.network/
Blockchain explorer: https://poktscan.com/
Discord chat: https://bit.ly/POKTARCADEdscrd
Telegram: https://t.me/POKTnetwork
Twitter: https://twitter.com/POKTnetwork
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
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