Introduction

SafePOKT is a protocol running on Fantom Network. It allows investors of any kind to invest in Pocket Network Nodes to earn rewards directly from an ERC-20 wallet.

Users purchase protocol shares (with USDC or wPOKT) that represent the POKT staked into the running nodes, and node rewards are distributed each epoch to holders according to the shares they own.

The shares purchased by holders are converted to POKT and staked in nodes on the Pocket Network. The revenue generated from nodes can be either restaked into the protocol or bridged back to Fantom as USDC rewards monthly. A protocol share is pegged to a certain amount of POKT, mapped by the Pokt Per Share (PPS) value.

SafePOKT’s main goal is to provide a seamless experience for everyone investing in POKT, solving the limitations that make POKT and Pocket Network nodes inaccessible for most investors:

  • Invest limitation: 15,000 POKT must be staked to own a service node.

  • Access limitation: Pocket Network nodes must be staked in the Pocket Network blockchain, which is not compatible with ERC-20 wallets such as Metamask or Ethereum/Fantom blockchains.

  • Infrastrucutre limitation: Nodes have to be set up on private servers and maintained together with the supported routing blockchain client nodes.

Advantages offered by SafePOKT

  • Simplicity: Easily manage your investment from a centralized dApp on Fantom network.

  • Accessibility: Invest and claim rewards directly from an ERC-20 (Metamask) wallet.

  • Transparency: As a blockchain protocol, transactions can be verified by anyone.

  • No minimums: POKT investment is simplified for any amount of USDC/wPOKT. A single transaction is needed to start earning Pocket Network Node Rewards.

  • Node performance: SafePOKT uses the best performing node providers to ensure investors are at the top of the earning rewards pyramid.

APY

The share price is determined by the number of POKT per Share (PPS) multiplied by the POKT price.

The protocol distributes rewards at the end of each Epoch (approximately every month).

The APY will vary depending on network relays, nodes and sessions between them. See APY estimation and more in this FAQ section.

About the SafePOKT team

The SafePOKT team is based in Spain and we have received the KYC approval/verification from CoinScope.

SafePOKT

Creator

  • Name: Marc

  • Github: marc1222

  • Discord: marc12222

Web-developer

  • @hm4rkus

  • @marc1222

If you have any questions, feel free to reach out via our official social media channels. Don’t hesitate to send us a private message on Twitter or ask in the general chat on our Discord channel.

Guides: Jump Right In

Follow our handy guides to get started on the basics as quickly as possible:

Holder guideHow it worksThe protocol
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