About Polytrade
Market Stats
Market Cap
$8,156,487.72
FDV
No data
Circulating Supply
41,288,875 TRADE
Max Supply
No data
Total Supply
100,000,000 TRADE
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$156,420.53
-0.35%
All time high
$3.06
Additional info about Polytrade
Networks and details
The price of Polytrade has increased by 0.16% in the last hour and increased by 5.13% in the past 24 hours. Polytrade’s price has also fallen by 23.70% in the past week. The current price is $0.20 per TRADE with a 24-hour trading volume of $156.42K. Currently, Polytrade is valued at 93.56% below its all time high of $3.06. This all-time high was the highest price paid for Polytrade since its launch.
The current circulating supply of Polytrade is 41,288,875 TRADE which means that Polytrade has as total market cap of $8,156,487.72.
Price history
Today | $0.20 | ↗ 5.36% |
1 Day | $0.19 | ↗ 5.13% |
1 Week | $0.26 | ↘ 23.70% |
1 Month | $0.42 | ↘ 52.86% |
1 Year | $1.47 | ↘ 86.55% |
Market details
Performance against other markets | ↘ 86.52% |
Performance against BTC | ↘ 88.56% |
Performance against ETH | ↘ 73.3% |
Performance in the past year | ↘ 86.52% |
FAQ
The Polytrade platform is a decentralized, blockchain-based platform that aims to modify receivables financing. The platform intends to connect buyers, dealers, insurers, and speculators for a consistent receivables financing experience. Accounts receivable (AR) financing is a financing system in which a company gets financing capital related to a portion of its accounts receivable.
Polytrade seeks to give real-world borrowers low-yield rates and access to quick financing to free up essential working capital tapped from crypto moneylenders. The users aim to earn profit as the platform sekes to cover the loopholes of traditional receivable financing by tapping the unused crypto utility.
Even though trade finance has a pivotal role in world trade, there is an evident gap between the supply and demand for short-term credit. The traditional receivables financing model, which has been part of the finance world for years and centuries, failed to provide users with the utilities for some reason. These issues are minimal ticket size requirements, transparency issues, high rejection rates, and cost of funds.
What Polytrade does is that it aims to connect all parties involved and distribute information with greater flexibility. Polytrade seeks to deliver secure investment options to crypto traders so that they can fund real-world businesses with their crypto assets. The platform also seeks to lower the risks for all the parties involved in the process. Polytrade aims to tokenize real-world invoices and turn ownership of real-world assets into cryptocurrency tokens.
The platform becomes a funding source for small and medium enterprises (SMEs) as it seeks to tap the crypto liquidity pool and cover the bottlenecks of receivables financing.
TRADE is the native token of the Polytrade platform that has two utilities. One is governance utility which allows token holders to participate in the decision-making process of the platform. Another utility is staking, which enables holders to stake their TRADE tokens to earn rewards. Different participants receive different benefits from the token.
Borrowers receive reduced yield rates for staking and making payments using the TRADE token. Buyers get discounts on settlement invoices processed through the platform, and lastly, service providers receive TRADE tokens for participating in the trade financing.
Piyush Gupta founded Polytrade, and the team includes members including Arul Prakash (CEO), Ashutosh Sahoo (CGO), Sankalp Kumar (BD Asia), Sameep Singhania (blockchain developer), and Sayali Pandey (treasury and finance).
We update our Polytrade to USD currency in real-time. Get the live price of Polytrade on Coinbase.
The current market cap of Polytrade is $8.16M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Polytrade is $3.06. This all-time high is highest price paid for Polytrade since it was launched.
Over the last 24 hours, the trading volume of Polytrade is $156.42K.
Assets that have a similar market cap to Polytrade include Farcana, HyperGPT, Aurory, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Polytrade is 41 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#382
Contributors
217
Posts
602,417
% About Polytrade
0.082%
Hold times
0 days
X (Twitter)
44.59% bullish
Sentiment
4.7 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
217 unique individuals are talking about Polytrade and it is ranked #382 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polytrade has an average sentiment score of 4.7 out of 5. Finally, Polytrade is becoming more newsworthy, with 0 news articles published about Polytrade. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Polytrade. There were 44.59% of tweets with bullish sentiment compared to 5.94% of tweets with a bearish sentiment about Polytrade. 49.47% of tweets were neutral about Polytrade. These sentiments are based on 490 tweets.
On Reddit, Polytrade was mentioned in 7 Reddit posts and there were 19 comments about Polytrade. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.