POA coin is a local cryptocurrency for independent networks. It is used as a transaction fee and as a reward mechanism for validators within the network. Applications like DopeRaider utilize POA for in-game purchases and transaction costs, while others like Geon provide their own in-game tokens and use POA for transaction fees.
POA is a self-governing network protected by a reliable group of validators in the United States. This well-known distributed validator group enables fast and inexpensive transactions within the network. The POA organization also develops products and tools to enhance interoperability, infrastructure, and transparency across the ecosystem.
POA coin is used for transactions within the POA network and for fees within the network. POA20, an ERC20 token, serves on the Ethereum mainnet. POA, through TokenBridge, facilitates interaction and connectivity between blockchains.
POA has been noted to provide scalability solutions for Ethereum DApps and developers, making it ideal for game development and user experience. Community currencies created for marginal communities with limited access to national currencies increase trade between small communities and villages in rural areas, stimulate economic activity, and improve food security for individuals in these programs.
POA coin is seen as a long-term investment by investors and has gained attention following the rise of DeFi tokens. It has received positive feedback from investors. According to CoinMarketCap data, POA is currently trading at $0.0204 and ranks 660th in terms of market value.