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How to buy Polycat Finance (FISH) in South Africa
Learn how to buy Polycat Finance (FISH) easily by following a step-by-step guide and compare 10+ crypto exchanges.
How to buy Polycat Finance
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Polycat Finance.
- Open an account on an exchange that supports FISH.
Unfortunately, at this time no major exchanges in South Africa offer FISH, but you may be able to purchase it with another cryptocurrency. Just be sure to follow all legal restrictions and requirements.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Polycat Finance.
- Buy Polycat Finance.
Complete your Polycat Finance purchase and then find the best wallet to store FISH.
What is Polycat Finance?
Polycat Finance is a DeFi platform built on top of Polygon, which offers several products each supported by the native FISH token. Polycat users have access to a AMM-style exchange, automated yield farming and vaults, which are auto compounding yield farms for liquidity providers. The FISH token is rewarded for providing liquidity, collected for platform fees, with a portion of those fees periodically burnt. The burning mechanism is combined with a token supply schedule that will ultimately result in a deflationary token, which is different to similar types of DeFi platforms that typically use an inflationary model.
Polycat Finance (FISH) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Polycat Finance is $0.71, which is -22.706% lower than yesterday. Prices have ranged between $0.919284 and $0.681935 over the past 24 hours. All prices are listed in US dollars and accurate as of December 05, 2021 12:12 UTC.
Where to buy Polycat Finance
Unfortunately, at this time no major exchanges in South Africa offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Polycat Finance at a glance
|All time high||US$64.91|
|Partnerships||Wault Finance, Dfyn|
|Token uses||Rewards, governance|
Polycat Finance price performance over time
How to sell Polycat Finance
You can cash out your FISH with the same exchange you bought it through:
- Sign in to the exchange you have FISH on.
If you store your Polycat Finance in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of FISH you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Polycat Finance.
What to consider when buying Polycat FinanceWhen purchasing any cryptocurrency make sure to understand the unique risks associated with the token, as well as the volatile nature of the marketplace. In particular, buyers of FISH may want to consider the following:
- Anonymous developers. There are no public details of the developer team available, which leaves the platform at an increased risk of being compromised internally, in what is colloquially known as a 'rug-pull'. A rug-pull is a situation where someone from the development team orchestrates a situation that allows them to essentially steal user-funds deposited in the protocol.
- Competition. Polycat Finance operates on Polygon, which is still a relatively new blockchain. This means that Polycat has a good chance to capture market share. However, in the wider context of DeFi protocols, it competes with many other similar platforms such as Yearn Finance, Pancakeswap and Harvest Finance which have more established communities.
- Polygon. Polycat operates on Polygon, which is a sidechain (or layer-2) on Ethereum. This means you first need to transfer your funds from Ethereum to Polygon before you can use them on Polycat.
Polycat Finance (FISH) in news
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Disclaimer: Cryptocurrencies, including Polycat Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FISH 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 Polycat Finance or any other cryptocurrency discussed.
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