POA Network (POA)

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Name Price Supply Volume Market Cap
poa-network
POA Network
$0.017
220.17M POA
$224,347.00
$3.69M

TRENDING

Nothing earth shattering in the cryptosphere at the moment. Check back soon!

QUICK STATS

Proof of Authority (PoA): developed March 2016, PoA consensus is a form of proof of stake. It has a known validator’s and a governance-based system. This list of validators’ is managed by smart contracts and governed by the validator’s. All validators are required to be US-based and have a notary license.
Binance
Bancor
Ethfinex
POA tokens are used to prove cross chain bridges work in a safe and secure manner. The team believes the interoperable technology they have developed will open a whole new avenue of solutions that can be offered to their users. When connecting multiple block chains these bridges allow a variety of new use cases that did not exist before. The team at POA networks believes cross chain bridges are a critical step to solving the problem of scalability and connectivity.
Anyone trying to transfer information across different block chains.
Ethereum(ETH), EOS(EOS)

VIDEOS

BACKGROUND

Whitepaper Summary
Although well-written it really never got past explaining the proof of authority consensus and the ways of applying it over multiple dApps. Most of it reads like a roadmap with no timeframe followed up by a bunch of code.
Problem Solved
The use of the PoA consensus mechanism leads to a trusted setup that will close the gap between private and public block chains and will become a model for open networks based on the PoA consensus.
Competitive Edge
There are a lot of development teams working on similar ideas. Is it still too early to tell which one will be the shining star? We think so.
Development Roadmap
Q1-Q2, 2018
Multiple PoA based networks connected their DApps using bridges.

Q3-Q4, 2018
POA Network becomes a platform with multiple PoA networks connected by interledger protocols.

INITIAL COIN OFFERING (ICO)

The ICO was run through November 2017 and raised US$12.5 million USD. With an opening price .0724 USD total token supply of 252,460,800 coins 70% which were available for sale.
70% of the token were sold and the rest were burned.
~$12.5mil USD.
November 2017. 1 POA = 0.0724 USD

TEAM INFO

Creators / Founders
POA Network Founding Team 

Igor Barinov – Tech Lead 

Viktor Baranov – Core Developer 

Pavel Hahulin – Core Developer 

Alexander Kolotov – Researcher 

Franco Victorio – DApps Developer 

Fernando Greco – DApps Developer     

Core Development Team
Yipeng Su – Chief Architect 

Hongjie Hu – Chief Secretary 

Fay Li – Chief Marketing Office 

Heng Li – HR Director 

Notable Advisors
David Thelander
Fellow of Vermont Law School, Center for legal innovation
Special Counsel, Gravel & Shea

Mark Pui – Kuala Lumpur
Executive Director, PricewaterhouseCoopers

Notable Investors
N/A

Trade Crypto Live Sentiment

With a working product that is not unique, POA Network will need to make some significant marketing or direction changes to really stand out in the crowd.  Additionally, over 96% of it’s entire trading volume is on one large exchange (Binance) and perhaps a wider reach would helpAt this time at Trade Crypto Live we see better opportunities out there.  POA Network is not off the list but it will have to prove itself before we give it any more attention. 
Reference & Links
https://cryptoslate.com/coins/poa-network/
https://poa.network/
https://github.com/poanetwork/wiki/wiki/POA-Network-Whitepaper