Pomeranian is another interesting crypto project, with a goal to bring back “normies” to the cryptocurrency sector. It comes with some unique features, and is expected to be set apart from other similar projects.
Pomeranian and its features
What is Pomeranian?
Pomeranian is a Layer-1 EVM - compatible blockchain, created to bring regular people back to the open and more important, secure, crypto space. Its unique features include mempool snippets, locking liquidity, and user-centric security.
How does it work?
The core of the Pomeranian project is the POMv2 blockchain, which is created to facilitate blockchain based apps. It enables developers to create dapps in a secure environment.
The creators of the Pomeranian project said that they were inspired by other people and projects, who managed to implement unusual concepts. As we already said, the main goal of the project is to produce a secure and at the same time efficient protocol.
One of its greatest features is its user-centric security. For this to become possible, the following mechanisms will be implemented:
Removal of mempool snipers;
Contract verification;
Liquidity locks for minimum 7 days;
Furthermore, developers are able to lock their contracts in smart contracts and receive rewards. If this happens, governance holders can vote to unblock the contract, so that developers can change the code. That way, holders and developers feel safer if the system has to be changed.
Benefits of the Pomeranian
Before we explain the benefits of the Pomeranian project, it is important that its team plans on issuing a native token called $POMv2. It will represent an on-chain reward for staking or participating on the Decentralized Virtual Private Network. And by staking, users can earn some passive income. Moreover, $POMv2 holders will not experience any fees when bridging different chains.
As we know, staking is becoming more and more popular, and the Pomeranian is trying to make it effortless for users.
Moreover, the POMv2 protocol comes with interesting features, giving it the ability to store large amounts of data safely. This way, developers are able to set up applications not limited by the amount of data stored on the blockchain. The POMv2 also plans to deliver a scalable system, and execute a large amount of transactions per second.
$POM Tokenomics
The currently available ERC20 $POM token has a total supply of 100 million tokens and implements a dual tax system with 5% tax on purchases and 5% tax on sales. This system helps reduce the manipulation risk on the market. Tax funds support marketing, product development and community initiatives, as well as POMv2 on-chain liquidity.
The important thing to say here is that there still aren’t any details on token prices and expected returns.
Does it have a future?
The Pomeranian project shows some rapid growth. Its native tokens are available to buy and store via the Uniswap Exchange. In its social media pages we are able to find up-to-date project information about its progress, competition and other interesting topics.
As we already have mentioned, Pomeranian has a goal to revolutionize the world of DeFi, creating a secure and efficient platform available for everyone. It has an innovative approach, and definitely shows a potential to become one of the top cryptocurrency projects.
Of course, as with any other cryptocurrency project, you must do good research and be careful before you make an investment, and never invest more than you are willing to lose.
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