PolkaBridge Price

(PBR)
USD($)
PolkaBridge (PBR) Live Price Chart

PolkaBridge Live Price Data

The live price of PolkaBridge is $0.05579, with a total trading volume of $ 80,150 in the last 24 hours. The price of PolkaBridge changed by -6.37% in the past day, and its USD value has decreased by -7.52% over the last week. With a circulating supply of 75,057,112 PBR, the market cap of PolkaBridge is currently 4.16M USD, marking a --% increase today. PolkaBridge currently ranks #-- in market cap.
How do you feel about PolkaBridge today?
Note: This data is for reference only.
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PolkaBridge(PBR) Profile

altRank--
rate--
Expand
Documentation
Contract
Ethereum 0x298d49...695BNB Smart Chain (BEP20) 0x1D1cB8...6c6
Audited By
--
Code & Community
Investors
--
$0.05297
$0.06319
$11.67000
-1.43%
-6.37%
-7.52%
$4.16M 
$126,583 
75,057,112
100,000,000

About PBR

How can I buy PolkaBridge (PBR)?

Buying PBR on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy PolkaBridge (PBR) for more information.

What Is PolkaBridge (PBR) Crypto?

PolkaBridge (PBR) is a decentralized finance (DeFi) platform that operates on the Ethereum blockchain and aims to integrate with the Polkadot network to enhance its functionalities. It's designed as a multi-chain and cross-chain platform, providing a variety of DeFi solutions.

The key features of PolkaBridge include a decentralized exchange (DEX) for trading cryptocurrencies across different blockchains, automated market making (AMM), farming, lending, and a launchpad for new projects. It also offers staking mechanisms and supports non-fungible tokens (NFTs).

PolkaBridge focuses on interoperability, aiming to allow seamless transactions across various blockchains. This capability is enhanced by its integration with Polygon, which helps scale the transactions by batching them, thus reducing costs and processing times, making it more accessible and efficient for users.

The platform's native token, PBR, is used within its ecosystem for transaction fees, staking, and participating in governance through voting on proposals regarding development and operational changes.

How Does PolkaBridge Work?

PolkaBridge (PBR) operates as a DeFi platform that provides cross-chain and multi-chain interoperability, primarily through its integration with the Polkadot network. Here's how it works:

Cross-chain Interoperability

PolkaBridge enables the transfer and communication of assets and data across different blockchain networks, including Ethereum and, eventually, Polkadot, which enhances its capacity to support various DeFi applications and services on a broader scale.

Decentralized Exchange (DEX)

It includes a Multichain Automated Market Maker AMM, allowing decentralized trading across various blockchains. This is essential for users who need to swap different types of cryptocurrencies without relying on centralized exchanges.

PBR Staking and Launchpad

Users can stake PBR tokens to participate in network security and governance while also earning rewards. PolkaBridge also features a multichain launchpad, which supports new projects and enables PBR holders to invest in early-stage blockchain ventures.

Integration with Polygon

To address scalability and high transaction costs on Ethereum, PolkaBridge has integrated with Polygon, which provides a full-stack scaling solution. This allows the platform to execute faster transactions at lower costs, making it more accessible and efficient for users.

History of PolkaBridge and PBR Coin

PolkaBridge was launched in January 2021. It was founded by Hung Nguyen, an experienced blockchain developer and entrepreneur. Nguyen's vision with PolkaBridge was to create a decentralized all-in-one financial application platform that integrates various DeFi and Web3 functionalities, especially focusing on the interoperability capabilities offered by the Polkadot ecosystem.

PolkaBridge plans to introduce more features like a decentralized lending platform and further integrate with the Polkadot network once fully operational to expand its ecosystem and enhance its capabilities.

What Is PBR Token Used for?

The PolkaBridge (PBR) token serves several critical functions within the PolkaBridge ecosystem, emphasizing its role as a utility and governance token. Here’s a detailed look at its primary uses:

1. Decentralized Governance of PolkaBridge

PBR token holders have governance rights, which means they can participate in the platform's decision-making processes. This includes proposing changes, voting on proposals, and influencing the direction and development of the platform. This decentralized governance model ensures the platform remains adaptive and community-driven.

2. Pay Transaction Fees on PolkaBridge

Transactions on the PolkaBridge platform, such as those on the DEX, may incur fees, and PBR tokens can be used to pay these fees. This usage is common among DeFi platforms as it helps maintain the ecosystem by compensating those who provide services (like liquidity).

3. Staking PBR on PolkaBridge

Holders can stake PBR tokens to receive rewards. Staking is a process where token holders lock up their tokens to receive rewards, usually derived from the platform’s earnings or transaction fees. This mechanism secures the network and incentivizes users to hold onto their tokens, reducing circulation and potentially increasing value.

4. PBR Yield Farming

Users can farm additional rewards by providing liquidity to the pools used by the platform’s AMM-based DEX. Farming involves locking up tokens in a liquidity pool to facilitate trading on the platform and earning a portion of the trading fees in return. PBR tokens might be paired with other popular tokens in these liquidity pools.

5. Launchpad Participation

PBR tokens can be used to participate in token launches on the PolkaBridge Launchpad. Token holders often get early access or special conditions when participating in these launches. This can be an attractive use case for investors looking to discover and invest in new projects early.

6. Deflationary Mechanism

A portion of PBR tokens used in transactions is permanently burned, creating deflationary pressure on the token supply. This mechanism is designed to potentially increase the value of remaining tokens over time as the total circulating supply decreases.

7. Trade PBR Token on KuCoin

Trade PolkaBridge crypto against other cryptocurrencies on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell $PBR based on your research (DYOR), or HODL if you believe in the future potential of the PolkaBridge protocol.

PolkaBridge (PBR) Price Movements ($)
PeriodChangeChange (%)
Today$-0.00405-6.76%
7 Days$-0.00454-7.52%
30 Days$-0.02386-29.95%
3 Months$-0.01321-19.14%
24H Investment Barometer
24H
Strong Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
Strong SellSellNeutralBuyStrong Buy
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PolkaBridge Conversion Rate
  • 1 PBR to USD$0.05579209
  • 1 PBR to EUR€0.05152506
  • 1 PBR to AUD$0.0842282
  • 1 PBR to KRW₩76.2
  • 1 PBR to JPY¥8.74
  • 1 PBR to GBP£0.04385119
  • 1 PBR to INR₨4.64
  • 1 PBR to IDRRp894.9
  • 1 PBR to CAD$0.07636152
  • 1 PBR to RUB₽5.03

FAQ

How much is 1 PolkaBridge (PBR) worth?
KuCoin provides real-time USD price updates for PolkaBridge (PBR). PolkaBridge price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time PBR to USD exchange rates.
Is PolkaBridge a Good Investment?

Investing in PolkaBridge (PBR) can offer several potential advantages, particularly for those interested in DeFi and cross-chain interoperability solutions. Here are some of the key benefits:

1. Interoperability Focus

One of PolkaBridge’s primary advantages is its focus on interoperability between different blockchain networks, facilitated through its cross-chain bridge. As the blockchain ecosystem continues to grow, the ability to seamlessly exchange information and value across various blockchains becomes increasingly important. This places PolkaBridge in a strategic position within the ecosystem.

2. Comprehensive DeFi Ecosystem

PolkaBridge is not just a single service but offers a comprehensive suite of DeFi applications, including a DEX, staking, farming, and a launchpad for new projects. This multi-functionality attracts a broader user base and can enhance the token's utility and demand.

3. Incentives for Token Holders

The platform provides several incentives for holding and using PBR tokens, including staking rewards, participation in governance, and access to exclusive token launches. This can make the investment more attractive due to the potential for passive income through staking and farming, as well as increased influence over the platform’s development.

4. Deflationary PBR Tokenomics

The deflationary nature of the PBR token, where a portion of tokens is burned during transaction processes, could potentially lead to an increase in token value over time as the supply diminishes. This is an attractive feature for investors looking for tokens with a supply-limiting mechanism.

5. Early Mover in the Polkadot Ecosystem

As a project built to leverage the Polkadot network, PolkaBridge may benefit from its growth and success. Polkadot’s unique architecture and focus on interoperability make it a promising blockchain for future developments, and early projects in its ecosystem could see significant growth.

6. Community Governance

The decentralized governance model empowers PBR token holders to influence the platform's direction and decisions. This can be particularly appealing for investors who want more control over their investments and the platforms they support.

What Is PolkaBridge Price Prediction?

Although the volatile nature of the crypto market makes it challenging to offer a precise PBR price prediction, monitoring the following factors could help you understand the price movements in the PolkaBridge crypto:

1. Market Sentiment

The general sentiment in the cryptocurrency market can significantly affect the PolkaBridge price. Positive sentiment can lead to increases in the $PBR price, while negative sentiment can lead to price drops. Factors such as bullish trends in the crypto market or positive news about blockchain and DeFi adoption can boost sentiment.

2. Adoption and Usage

The extent to which PolkaBridge’s services are adopted and used can directly impact the demand for PBR tokens and the PBR to USD price. Higher usage of its DEX, cross-chain bridge, and participation in staking and farming can increase demand for the token, potentially driving up the PBR token price.

3. Future Developments in the PolkaBridge Roadmap

Updates and enhancements to the PolkaBridge platform can influence the PBR crypto price. For example, successful upgrades that improve transaction speeds, reduce costs, or enhance security can make the platform more attractive to users, thus increasing the token's demand.

4. Polkadot Network Success

Since PolkaBridge is built on the Polkadot network, the success and adoption of Polkadot can also influence the PBR coin price. If Polkadot becomes more widely adopted and its technology is successfully integrated into more blockchain projects, PolkaBridge may benefit indirectly through increased visibility and usage.

5. PBR Token Burning Mechanism

The deflationary tokenomics of PBR—where a portion of tokens is burned—can influence its price by reducing supply. If the burning mechanism effectively reduces the total supply while demand remains steady or increases, the price of PolkaBridge token could rise.

6. Crypto Market Competition

The level of competition within the DeFi space also plays a role. As more platforms offer similar or superior services, PolkaBridge might face challenges maintaining its user base. Conversely, if PolkaBridge can differentiate itself successfully through unique features or superior performance, it might capture a larger market share, positively affecting the PolkaBridge token price.

7. Economic and Geopolitical Events

Global economic conditions, such as inflation rates, economic downturns, or geopolitical tensions, can also affect investment in cryptocurrencies. During economic uncertainty, some investors might turn to crypto as a hedge against traditional financial systems, while others might withdraw to reduce risk exposure.

How to Stake PBR on PolkaBridge

To stake PolkaBridge (PBR) tokens, you must follow several steps, which involve using compatible wallets and interacting with appropriate platforms on the Ethereum or Polygon network.

Prepare Your Wallet

Ensure you have a wallet compatible with ERC-20 tokens, such as MetaMask, to interact with PolkaBridge platforms.

Acquire PBR Tokens

You can purchase PBR tokens from KuCoin and transfer them to your wallet.

Connect to the PolkaBridge Staking Platform

Access the PolkaBridge staking portal. You can stake directly on Ethereum using the official PolkaBridge staking site or choose to stake on Polygon for lower fees and potentially higher APY. For staking on Polygon, you may need to bridge your tokens from Ethereum to the Polygon network using a service like QuickSwap.

Stake Your Tokens

Follow the instructions on the staking portal to lock your PBR tokens into a smart contract. You must specify the amount you wish to stake and confirm the transaction in your wallet.

Manage Your Staking

After staking, you can manage your investments through the staking dashboard, where you can view your earned rewards and decide whether to reinvest or withdraw them.

What is the all-time high price of PolkaBridge (PBR)?
The all-time high price of PolkaBridge (PBR) is $11.67000. The current price of PBR is down 1.00% from its all-time high.
What is the all-time low price of PolkaBridge (PBR)?
The all-time low price of PolkaBridge (PBR) is $0.02297. The current price of PBR is up 1.43% from its all-time low.
How much PolkaBridge (PBR) is there in circulation?
As of 5 23, 2024, there is currently 75,057,112 PBR in circulation. PBR has a maximum supply of 100,000,000.
What is the market cap of PolkaBridge (PBR)?
The current market cap of PBR is $4.16M. It is calculated by multiplying the current supply of PBR by its real-time market price of $4.16M.
How do I store PolkaBridge (PBR)?
You can securely store your PolkaBridge in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your PBR include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
Fear & Greed Index
Note: Data is for reference only.
Extreme greed86
PBR
Estimated
-- USD
PBR/USDT1
$0.05579-6.37%