Buy PowerTrade Fuel (PTF)
What is PowerTrade Fuel?
PowerTrade Fuel (PTF) is a DAO token on the Ethereum blockchain that governs the treasury of the PowerTrade trading platform. It is designed to provide a safety net for traders using the platform in the event of significant market disruptions or unexpected events, often referred to as "black swan" events.
How does PowerTrade Fuel work?
PowerTrade Fuel works by utilising smart contracts on the Ethereum blockchain. Through its DAO (Decentralized Autonomous Organization) structure, PTF holders can participate in governance decisions regarding the management and distribution of the platform’s treasury funds. This governance mechanism helps ensure that the treasury is effectively used to support traders in scenarios where unexpected market changes could result in losses.
What are the potential use cases for PowerTrade Fuel?
PowerTrade Fuel can be used for:
- Governance: PTF holders can vote on how the platform's treasury should be managed, ensuring a community-driven approach to decision-making.
- Risk management: It serves as a safety mechanism for traders on the PowerTrade platform by managing a fund that can be used to provide compensation during unexpected market downturns.
- Derivatives Trading: PTF is integrated within the PowerTrade platform for trading derivatives of major cryptocurrencies like Bitcoin and Ethereum.
What is the history of PowerTrade Fuel?
PowerTrade was founded by Mario Gomez Lozada, known for establishing Liquid.com, along with a team of experienced cryptocurrency industry professionals. The creation of PowerTrade Fuel as a governance token marked a significant milestone aimed at ensuring the platform’s resilience against unforeseen market movements. Since its inception, PowerTrade Fuel has been listed on several cryptocurrency exchanges, enhancing its visibility and accessibility in the cryptocurrency market.
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Frequently Asked Questions (FAQs)
What is the current price of PowerTrade Fuel (PTF)?
The PowerTrade Fuel price is $0.01498133 AUD, representing a -1.85% from the day prior.
Where is the best place to buy PowerTrade Fuel (PTF) in Australia?
The best place to buy PowerTrade Fuel (PTF) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell PowerTrade Fuel (PTF) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of PowerTrade Fuel (PTF)?
The trading volume of PowerTrade Fuel (PTF) is $218.0K AUD in the last 24hrs, representing a -1.85% from the day prior.
How can I buy PowerTrade Fuel (PTF)?
PowerTrade Fuel (PTF) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of PowerTrade Fuel (PTF)?
The current market cap of PowerTrade Fuel (PTF) is $393.4K AUD.
Can I convert PowerTrade Fuel (PTF) to cash?
Yes - With Coinstash you can convert your PowerTrade Fuel (PTF) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many PowerTrade Fuel (PTF) are there?
The current circulating supply of PowerTrade Fuel (PTF) is 24.6M.
Is Coinstash a safe place to buy PowerTrade Fuel (PTF) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling PowerTrade Fuel (PTF) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.