Blockchain infrastructure provider Pocket Network confirmed that its native token, POKT, will be listed on the decentralized exchange KuCoin.
The utility token claims to enable a two-sided, permissionless marketplace where app developers can access blockchain data via Pocket Network by staking POKT tokens; and node runners can earn $POKT rewards for servicing these developers’ data requests, therefore incentivizing the ecosystem.
Pocket Network's number of monthly data relays being serviced by its node runners has more than tripled since the beginning of the year. The network regularly handles more than one billion daily relays.
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“Pocket Network has been one of the best-kept secrets among top infrastructure services like AWS and Azure," said Pocket Network CEO Michael O'Rourke. "To date, $POKT has only had niche availability; however, listing on KuCoin is our first step toward providing our solution to a broader investing audience."
O'Rourke says Pocket Network's listing will help its mission to provide the "best blockchain data ecosystem for Web3 applications.”
POKT trading will be enabled on KuCoin on Oct. 19, with a trading competition also taking place through Oct. 26. POKT is also listed on a number of other exchanges, including Huobi, Gate.io, Okcoin, MEXC, BTCEX, Btok, Bybit, ZB, Bitget, and Bitrue.
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