Buying and trading (POE)

A beginner’s guide to the platform and how to buy, sell and trade its POE cryptocurrency. aims to build a blockchain-based platform that publishers and creators can use to manage their digital media assets. It lets anyone verify the available information on assets prior to acquiring and using them, allowing proper attribution to their original sources.

The token, known as POE, lets buyers share in potential revenues generated from the platform. You can buy and trade POE using fiat currencies and other cryptocurrencies on several exchanges.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

A step-by-step guide to buying

To buy POE, you can follow the sample guide below.

Step 1. Create an account on a cryptocurrency exchange that allows trading

Look for an exchange that allows trading with POE using either fiat currency or another cryptocurrency.

Signing up for an account on an exchange usually requires entering your email address and password, then submitting the form. When asked during signup, add two-factor authentication as an additional security measure for your coins. Email address verification is normally required to complete the account registration process.

Step 2. Deposit funds into your account

The steps for depositing funds to your account may vary between exchanges. Most exchanges require generating a receiving or deposit address on the exchange wallet first before you can deposit funds into your account. You then copy the deposit address and enter it as the withdrawal address on the exchange where you hold the cryptocurrency to be used in acquiring POE. If you are using a cryptocurrency wallet, the deposit address is the same as the destination address.

Step 3. Buying POE

After your deposited amount appears in your account, you are ready to buy POE. The steps for buying POE may vary slightly between exchanges.

How to sell POE

To sell POE on exchanges, you normally follow the same procedures for buying it, except that you click a “Sell” button.

Which wallets can I use to hold POE?

POE is an ERC20-compatible coin. Wallets that support ERC20 tokens include the following:

How the platform works

The platform is an extension of the pioneering Proof of Existence non-financial application that was first used to upload and hash documents into the Bitcoin blockchain. Instead of documents, the platform aims to keep a record of all digital media assets on the blockchain, presenting incontrovertible proof of ownership and making attribution easier for everyone.

The Singapore-based Foundation is spearheading the platform’s development. Using POE, buyers have a stake in the platform and share in its revenues and profits once it becomes fully operational.

Real world applications of the platform

The platform is currently under alpha testing on a public testnet on the Bitcoin blockchain. It aims to standardise the metadata format for all digital assets saved to the blockchain. It also promises to put digital assets under version control.

Aside from the Creative Commons licence, the platform aims to support different content licences. Thus, publishers and creators using differing custom licences can be accommodated on the platform.

What to consider when buying POE

If you want to buy POE, be aware that there are inherent risks in cryptocurrency trading. Buying cryptocurrency is speculative, and cryptocurrency prices remain volatile. Consider the following factors when buying POE.

  • Supply. Per CoinMarketCap, the circulating supply of POE as of 29 January 2018 was 2,196,601,583 POE, while total supply is 3,141,592,653.
  • Use. Publishers and creators need POE to share in the revenues to be generated from the commercial use of the platform. If the platform proves to be popular, there may be an increased demand for POE.
  • Performance. Keep in mind the factors that led to the rise and fall of POE prices in the past, but don’t lose sight of the fact that past performance is not a reliable indicator of future performance.
  • Partnerships. has attracted a number of publishers, including Bitcoin Magazine, as alpha partners. By October 2018, it foresees the inclusion of 20-plus publishers on its content marketplace. It hopes to open the marketplace to anyone interested in joining by August 2019. With POE required for use in the marketplace, there might be an increased demand for the token as more publishers, creators and other interested parties join the platform.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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