PSTAKE

pSTAKE Finance price

PSTAKE
|
3.7/5
CyberScope
3.7
06/24/2024
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USD
USD
$0.11576
+4.05%
1h
24h
1W
1M
1Y
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pSTAKE Finance price live data

The current price of pSTAKE Finance is $0.11576. Since 00:00 UTC, pSTAKE Finance has increased by +4.05%. It currently has a circulating supply of 468,888,892 PSTAKE and a maximum supply of 500,000,000 PSTAKE, giving it a fully diluted market cap of $54.29M. At present, pSTAKE Finance holds the 222 position in market cap rankings. The pSTAKE Finance/USD price is updated in real-time.

pSTAKE Finance price performance in USD

Time periodChange amount%Chg
Today$0.0045092 +4.05%
7 days$0.0085003 +7.92%
30 days$0.028940 +33.33%
3 months-$0.01750 -13.14%

pSTAKE Finance market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.10198
Last price $0.11576
24h high$0.11664
Heat index ranking
167
Market cap ranking
222
Market cap
$54.29M
Favorited rate
Percentage of users who favorited this asset to all users
0.69%
All-time high
$1.4500
-92.02% (-$1.3342)
Feb 24, 2022 (2 years ago)
All-time low
$0.018980
+509.90% ($0.096780)
Oct 21, 2023 (8 months ago)
ICO date
02/24/2022
ICO price
The price at which this crypto was first traded
$0.40000
Circulating supply
The amount of this crypto that is publicly available in the market
468,888,892 PSTAKE
Market cap at circulating supply
Market cap = Circulating supply × Last price
$57.89M

About pSTAKE Finance (PSTAKE)

pSTAKE Finance (PSTAKE) is a prominent player in the rapidly evolving decentralized finance (DeFi) sector. While cryptocurrencies were traditionally limited to long-term investing and short-term trading, the advent of DeFi introduced a wide range of decentralized banking services. Among these services, staking emerged as a popular choice, attracting numerous projects in the space. pSTAKE Finance stands out as an innovative staking platform, offering unique features and functionalities to its users.

What is pSTAKE Finance?

pSTAKE Finance is a liquid staking solution that aims to unlock the full potential of PoS tokens by providing liquidity for staked assets. The protocol is designed to extract the underlying value of assets staked on PoS chains.

One of the unique features of pSTAKE Finance is the distribution of staking rewards in pTOKENS, regardless of the native chain of the deposited staking assets. The protocol collaborates with established validators from various L1 chains, including Stake-fish, Chorus One, and Everstake, ensuring the reliability and security of the staking process.

The pSTAKE Finance project team

The pSTAKE Finance project team consists of founders Tushar Aggarwal and Deepanshu Tripathi. Aggarwal also holds the position of CEO at Persistence, while Tripathi serves as the CTO. Additionally, the team includes project lead Mikhil Pandey and engineering lead Kamlesh Parikarath Marar.

How does pSTAKE Finance work?

pSTAKE Finance operates by providing support to PoS networks by holding pSTAKE tokens. Users can deposit their assets on the pSTAKE network, allowing them to mint ERC-20 derivative tokens that are pegged 1:1 to the original assets.

These derivative tokens can be utilized within Ethereum's DeFi ecosystem, allowing users to maximize their yield. Moreover, these derivative tokens can be extended to multiple blockchain networks based on factors such as usage, liquidity, and other considerations.

By depositing assets on the pSTAKE platform, users have the advantage of being able to exit their staking positions promptly without any waiting period. This feature is beneficial in sudden price fluctuations, allowing users to respond quickly to market changes.

PSTAKE: pSTAKE Finance's native token

PSTAKE is the native cryptocurrency of pSTAKE Finance, and it was launched in late February 2022. The total and maximum supply of PSTAKE tokens is set at 500 million. However, it is essential to highlight that the circulating supply of PSTAKE tokens is only 44.3 million, accounting for approximately 8.87% of the total cryptocurrency in circulation.

PSTAKE token use cases

The primary use case of the PSTAKE token is for staking, as implied by its name. Additionally, the token can be utilized for trading, investing, borrowing, lending, and providing liquidity on decentralized exchanges (DEXs).

PSTAKE token distribution

PSTAKE distributed its tokens to support the growth and development of the project.

The token distribution is as follows:

  • Twenty-six percent is allocated to the pStake development fund.
  • Twenty percent is reserved for the company treasury.
  • Twenty percent is dedicated to strategic sales.
  • Sixteen percent is allocated to the core team.
  • Six percent is allocated for retroactive rewards.
  • Five percent is solely reserved for public sales.
  • Three percent is allocated to XPRT stakers.
  • Two percent is allocated for the Alpha launchpad.
  • Two percent is allocated for the protocol's bootstrapping.

pSTAKE Finance: An innovative staking protocol

pSTAKE Finance is an innovative staking protocol that presents unique opportunities for users in the DeFi sector. With pSTAKE Finance, users can maximize their earnings by utilizing the same coins to earn double the amount. This enables them to unlock additional opportunities and further benefit from DeFi functionalities. For individuals looking to profit from the DeFi space, pSTAKE Finance is a project worth considering and researching.

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PSTAKE FAQ

What is pSTAKE Finance?

pSTAKE Finance (PSTAKE) is a liquid staking protocol built on the Persistence blockchain. The platform enables users to stake their assets, including native coins from various blockchains, seamlessly and efficiently. 

What are the benefits of using pSTAKE Finance?

One of the key benefits of pSTAKE Finance is the ability to unlock the value of staked coins. Users receive secondary tokens representing their staked assets by participating in the platform's liquid staking protocol. These tokens can be freely used in various decentralized finance (DeFi) protocols, providing users additional opportunities to earn rewards and maximize their utility within the DeFi ecosystem. 

Where can I buy PSTAKE tokens?

Easily buy pSTAKE tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include PSTAKE/USDT.

Swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for pSTAKE with zero fees and no price slippage by using OKX Convert.

How much is pSTAKE Finance worth today?
Currently, one pSTAKE Finance is worth $0.11576. For answers and insight into pSTAKE Finance's price action, you're in the right place. Explore the latest pSTAKE Finance charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as pSTAKE Finance, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as pSTAKE Finance have been created as well.
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