POA
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English
  • Welcome to POA
  • Features
    • Known Validators
    • POADAO Consensus
    • Bridged Native Token
    • On-Chain Randomness
  • Use Cases
    • Scalability for BlockChain Games
    • Community-Based Currencies
    • Subsidized Transactions
    • Decentralized Finance (DeFi)
  • DApp Spotlights
    • Ethernal.World
  • Roadmap
  • For users
    • POA Tokens
      • POA Merger & STAKE Swap
      • POA - STAKE FAQs
      • POA Token Supply
      • POA & POA20 Exchanges
      • POA & POA20 on Binance
      • FAQ: POA20 General Questions
    • POA Token Use Cases
      • Utility Token
      • Currency Token
      • Collateral Token
      • Bridged Token
      • Staking Token
      • Stable Token
    • POA to POA20 Bridge
    • Accept POA20 Payments
      • Account Registration & Login (Merchant Setup)
      • Setup Merchant Account
      • Merchant Payment Method Setup
      • Making a Payment with POA20 (Customer Perspective)
    • Tutorials
      • Trading POA20 on DEX.AG
      • POA20 Token Swaps on 1inch.exchange
      • Getting Airdrops via Discord
    • Governance
      • Article: A Successful Year of On-Chain Governance
      • Governance Reports
        • April 2020 Report
        • December 2019 Report
      • Ballot Type, Lifecycle & Limits
    • ❌Nifty Wallet (Discontinued)
      • Getting Started
      • Import and Interact with Smart Contracts
      • Connect to a Hardware Wallet (Ledger & Trezor)
      • Connect to D'CENT Biometric Wallet
      • Connect to Pocket Decentralized Network
    • 3rd Party Wallets
      • Trust Wallet
      • MetaMask
    • POA Mania
      • News - Updates
      • Rules
      • POA Mania FAQs
      • Deposit & Withdraw
      • Winner Selection
      • Round Details
      • POA Mania vs PoolTogether
      • POA Mania on Trust Wallet
      • POA Mania Security Audit
      • POA Mania on MetaMask Mobile
    • Whitepaper
      • POADAO v1
        • Introduction
        • Proof of Authority
        • POA Network Functionality
        • Decentralized apps (DApps)
          • Initial ceremony DApp
          • Proof of Physical Address (PoPA) DApp
          • Proof of Bank Account DApp
          • Proof of Social Network DApp
          • Proof of Phone Number DApp
          • Governance DApp
        • Summary & Acknowledgements
        • References
        • Appendix A: Code Samples
          • Ballots manager
          • Validators manager
          • Deployment scripts for the mining node
  • For developers
    • Developer Resources
    • Getting Tokens For Tests
      • ERC20 Test Token Faucet
      • Sokol Testnet Faucet
    • Full Node Setup
      • Install OpenEthereum Client
      • Install Nethermind Client
    • DApp Deployment
    • TheGraph Data Indexing
    • On-Chain Random Numbers
      • RNG explainer (AuRa + RandomAura Contract)
      • Accessing a Random Seed with a Smart Contract
      • Randomness FAQs
    • API & SQL Access
    • Smart Contract Dashboard
    • Grants for Building on POA
  • For validators
    • Getting Started
      • Validator Resources
      • Becoming a Validator
    • Bootnode Setup
      • AWS Bootnode Setup
        • Prerequisites
        • Configure AWS
        • Download and Configure Playbook
        • Deploy
      • Non-AWS Bootnode Setup & Deployment
        • Local/Remote Machine System Requirements
        • Node Preparation
        • Configure node with Deployment Playbook
    • Validator Node Setup
      • Nethermind Upgrade
      • AWS VM for Validator Node Deployment
        • MoC: Master of Ceremony Key Exchange & Generation
        • Current Validators Vote in New Validators
        • Validator Node Setup Prerequisites
        • Configuring AWS
        • Download and Configure Playbook
        • Deployment
        • Upgrade Instance to a Larger Instance Type
      • Non-AWS Validator Node Setup
        • Local & Remote Machine System Requirements
        • Remote Machine Setup
        • Configure Node using Deployment Playbook
      • NetStats Dashboard
    • Hard Forks
      • Parity Upgrade Guide
      • POA Core
        • 2021-11-02 | #24090200
        • 2021-05-24 | #21364900
        • 2020-03-31 | #14350721
        • 2019-12-19 | #12598600
        • 2019-04-29 | #8582254
        • 2018-01-29 | # 772000
        • 2018-10-22 | #5329160
        • POA Core spec.json hard-fork update
      • Sokol
        • 2021-05-24 | #21050600
        • 2020-02-20 | #13391641
        • 2019-12-05 | #12095200
        • 2019-02-06 | #7026400
        • 2019-01-04 | #6464300
        • 2018-09-19 | #4622420
        • 2018-01-18 | #509355
        • 2018-01-08 | #362296
        • Sokol spec.json hard-fork update
    • Validator DApps
      • Validators MetaData DApp
      • Adding or Removing a Validator
  • Media
    • Social Media
    • Media Kit
    • Contact Us
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  1. For users
  2. POA Token Use Cases

Currency Token

Cryptocurrency as a means of value exchange

PreviousUtility TokenNextCollateral Token

Last updated 5 years ago

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Type: Currency Token

Function: A digital asset which represents a unit of real-world value. POA can be exchanged for other tokens, store monetary value on the blockchain, and used to purchase goods or services.

Use Cases: POA and the bridged POA20 are and can be sent between users as a medium of exchange (forum users have been known to send pizzas for POA). In addition to standard exchanges, POA20 is available for use with DeFi protocols on the mainnet like . POA20 can be exchanged for other tokens or used to provide liquidity to the protocol.

With the application, merchants can accept POA20 for payments their e-commerce websites or even in person using a POS system. See our for more information.

What is Possible? Any business or service provider can also choose to accept POA, POA20 or any other cryptocurrency as payment. While many businesses accept Bitcoin or Ethereum, new trading platforms and merchant portals are needed to facilitate widespread adoption of currency tokens as payment.

available to purchase on various exchanges
Uniswap
Coinpayments
tutorial on Coinpayments integration