What is Po.et (POE)?
Future of POE Cryptocurrency and know how to buy POE

#1 – What is Po.et?

Po.et – The Basics

  1. The growth of digitalization has created a huge assortment of digital creative assets. There is now a need for a credible platform for the management of these assets. Po.et is one such open-source platform that utilizes blockchain technology to store and supervise the users’ digital creative assets.  
  2. The platform aims to create a verifiable record of content for the development and usage of media apps. By creating an open network, Po.et provides discoverability to the metadata that it stores alongside security.

Po.et Development

Po.et is a Singapore and US-based company. It is currently being led by Jarrod Dicker, an entrepreneurial technology executive. Dicker has work experience in publishing at organizations like Washington Post, Time, and Huffington Post. He is supported by the technical head, Lautaro Dragan, with a 10-year experience in full-stack development. The team includes dedicated and experienced members.

 

#2 – What are the benefits of Po.et?

Po.et Technology

  1. Po.et is a practical application of the Proof of Existence protocol. First created in 2013, this protocol uses the Bitcoin blockchain to permanently store data in an immutable hash without any timestamping. Po.et works with the Proof of Existence technology to create metadata and discoverability for the commercial apps.
  2. The platform uses shared ledger and data layer techniques to record the ownership and metadata for the assets that it stores. It allows its users to create an ownership certificate for their data, license their assets, and discover new verified assets.
  3. Po.et’s technological development is divided into three different eras and phases: Rosetta, Gutenberg, and Alexandria.
  4. Rosetta, its first era, was targeted at digital publishers. It provided free timestamps and immutable ownership certificates for digital assets stored by publishers. It employed an identity management system with proof of existence to defend the data against any cyber attacks. It also created an authentic timestamp for every digital asset, known as the authentication badge.
  5. The next era, Gutenberg, is to facilitate the creation and functioning of a network of publishers. It deals with licensing, syndication, and attribution of digital assets among these publishers. The licensing system uses cryptography to minimize the role of third parties in defining the terms of use for any content. The payment channels offer custom timing and parameters for payments between the publishers. With immutable portfolios, creators can set up their profiles and increase their discoverability among interested publishers.
  6. Alexandria is the third era that is aimed at building an open network and marketplace for this strong network of publishers. It will involve content creators and editors alongside the publishers. It will create an open marketplace for creative assets to promote partnerships among its creators, editors, and publishers.  

Features

  1. Flexibility: Po.et allows its users to create their own terms of licensing and payments. The content creators have the facility to store and manage their content on their own accord.
  2. Open Network: Po.et aims at bridging the gap between creators and publishers by offering an open network for uploading and discovering creative content.
  3. Immutable: All the data stored on Po.et is permanent and verifiable. Its immutable portfolios work with a decentralized blockchain network to provide complete ownership of the content to the respective user.
  4. Licensing:  Through the use of cryptography, Po.et automates the process of licensing and eliminates the role of third parties.
  5. Transparency: The Bitcoin blockchain that Po.et operates on is trustworthy and secure for data storage. It is completely distributed and can be accessed from anywhere.

 

#3 – How to buy and store POE?

How to buy POE

Po.et’s token POE can be bought in exchange for ETH. It is available for purchase on cryptocurrency exchanges like Kucoin, COSS, OKEx, and HitBTC.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, offers you to exchange your cryptos for Po.et. You have the option to go through over 45,000 pairs of crypto exchange to choose your preferred one.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your POE cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

Storage

POE is an Ethereum compliant ERC20 token. The storage options for this token include any Ethereum wallet like MyEtherWallet. Jaxx is also a desktop and mobile wallet for POE storage.

 

#4 – What is the future of Po.et?

  1. Po.et has partnered with the mobile and desktop wallet Jaxx. It also has Autonomous as its governance partner. Some big names among Po.et’s investors include Fenbushi Capital, Samsung, and BTC INC. The company released its app named Frost in Q1 2018 along with its WordPress plugin. With this, its Rosetta era of development has come to an end.
  2. In the current Gutenberg era, it plans to launch its licensing marketplace and revenue sharing system. It will also create payment channels for frictionless micropayments. The platform plans to partner with over 20 publishers to launch its asset marketplace. The immutable portfolios and e-book registry features are also planned for this phase.
  3. The next era will enable storage support for graphics. Po.et is set to become an open and decentralized marketplace in the future. It also plans to enable SEO liquidity for the publishers with its price discovery features.

Also Read: Complete Analysis of Po.et | Live Po.et (POE) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

July 01, 2018

0.014693

0.031866

0.014693

0.023935

66,673,300

33,752,700

June 01, 2018

0.027954

0.028176

0.026945

0.027789

2,373,120

63,651,400

May 01, 2018

0.059149

0.059845

0.054298

0.059845

8,480,690

133,494,000

Apr 01, 2018

0.026186

0.026581

0.022606

0.024433

1,818,490

58,572,100

Dec 01, 2017

0.008148

0.009358

0.007516

0.009152

315,082

17,570,300

Oct 01, 2017

0.008749

0.009798

0.008193

0.009151

46,509

18,690,800

 

#5 – How is Po.et different from other cryptocurrencies?

Po.et is a first and one of its kind platform, providing an open ledger for recording digital creative data. There are a number of features that make Po.et unique:

  1. The platform creates a catalog of digital assets with its standardized metadata scheme and facilitates the publishers to choose the content. It also allows the publishers to filter content according to some custom attributes.
  2. Its licensing system and payment channels enable the publishers and content creators to customize the terms and improve their overall experience. These features also facilitate a direct relationship between the two parties.
  3. The creation of an asset marketplace will enhance the discoverability for the content and benefit all the participants in the Po.et ecosystem.

 

#6 – Should you invest in Po.et?

  1. Po.et is still in a considerably early stage of development. Its utility in the form of an intellectual property management platform, with facilities such as custom licensing and payments, conveys its potential in the market. This could strengthen its token value as well.
  2. More partnerships with publishers can help Po.et secure a higher market value. Its detailed whitepaper and well-defined roadmap present the definitive goals that the platform wishes to achieve.
  3. Apart from a team of talented professionals, Po.et also has a strong community of users that will facilitate the process of making it popular.
  4. As of July 2018, Po.et has a circulating supply of 2,317,238,741 POE and a market capitalization of $46.1 million USD.
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