Launched at 12:30 p.m. yesterday on the Uniswap and Pancakeswap platforms, the Pokmi project poken really exploded. With a 5-fold increase in the price of PKN in just a few minutes. While this exponential rise quickly translated into a correction of the same magnitude, the asset today remains at a much higher level than the initial price fixed at $ 0.01.
Back to the Poken Listing and the PKN price
Yesterday, around noon, the twittosphere is in turmoil. Pokmi, formerly known as Rare Porn, will soon appear on the Uniswap and Pancakeswap exchange platforms, two of the three largest decentralized crypto exchanges.
As soon as the token is listed, while most of the 8,000 people who participated in the ICO had not yet received their tokens, the asset will take off.
The graph below shows the evolution of the price of the asset since its listing yesterday noon:
From the listing, the price of the PKN skyrockets, as shown by the two green candles on the left. A rise which will then see the token flirt with the bar of 0.05 USD. Before coming down so sharply. After another more measured rise, the asset will come to test the support level of $ 0.025. A level that PKN still flirts with now. At the time of writing these lines, a PKN token trades for $ 0.025. That is to say an increase of nearly 150% compared to the first price of the listing.
Good to know : The Pokmi ICO took place in 3 phases. In the first phase, it was possible to purchase PKNs at a price of $ 0.006 but accepting a minimum ticket of $ 10,000 and holding the tokens for at least one year. For round 2, the minimum ticket was set at $ 1,000 for a token sold for $ 0.008. In phase 3, the Poken was distributed at the higher price of 0.01 USD but without vesting and with a lower minimum basket of 100 $.
Token PKN: Which Strategy To Adopt?
For those who invested in Pokmi during round 3, a question may arise in the days to come: keep or sell? Or maybe mix the two strategies. Remember also that the price of the PKN could vary in the days or months to come, when buyers of phases 1 and 2 of the ICO will no longer be constrained by vesting.
Either way, the project looks extremely solid. With clearly identified project leaders and possessing a certain technical background. The roadmap of the project is for the time being respected to the letter, pledging the seriousness of the promoters of the project. The development of the brand is also very widely supported by the industry with the partnership with many actors and actresses. The desire for development abroad and in particular in the United States is also promising. Holding the PKN token for the long term could therefore be a logic adopted by a large number of investors.
In the coming weeks, the token should be listed on at least one centralized exchange. This could also help to validate its price. In addition, by the end of 2021, Pokmi expects more than 5,000 content creators to set up the V2 of its platform.
Yesterday, the project’s Twitter account had 32,000 followers. Within 24 hours, 1,000 more people began to follow the project on the social network. The craze should continue to continue in the days and weeks to come.