PBR
Reputation Ratings

PBR

PolkaBridge 2-5 years
Cryptocurrency
Website https://polkabridge.org/
Browser
OTH RELPs
White Paper
PBR Avg Price
+361.85%
1D

$ 0.1326 USD

$ 0.1326 USD

Market Cap

$ 2.301 million USD

$ 2.301m USD

24h trading volume

$ 122,737 USD

$ 122,737 USD

7d Vol

$ 754,820 USD

$ 754,820 USD

Circulating supply

75.036 million PBR

Related information

Issue Time

2021-01-26

Platform pertained to

--

Current price

$0.1326USD

Market Cap

$2.301mUSD

Volume of Transaction

24h

$122,737USD

Circulating supply

75.036mPBR

Volume of Transaction

7d

$754,820USD

Change

24h

+361.85%

Number of Markets

45

Token conversion

BTC
LTC
XRP
DASH
XMR
XLM
USDT
XEM
ETH
WAVES
ETC
NEO
ZEC
MIOTA
EOS
BCH
BNB
TRX
LINK
ADA
XTZ
REV
FIL
THETA
ZIL
HT
SNX
CEL
VET
INO
CRD
USDC
BSV
CRO
WBTC
ATOM
LEO
BUSD
DAI
HEX
XT
CCXX
IZE
YFI
DOT
UNI
AAVE
DYDX
/
USD
AUD
BRL
CAD
CHF
CLP
CNY
CZK
DKK
EUR
GBP
HKD
HUF
IDR
ILS
INR
JPY
KRW
MXN
MYR
NOK
NZD
PHP
PKR
PLN
RUB
SEK
SGD
THB
TRY
TWD
ZAR
AED
BGN
HRK
MUR
RON
ISK
NGN
COP
ARS
PEN
VND
UAH
BOB
ALL
AMD
AZN
BAM
BDT
BHD
BMD
BYN
CRC
CUP
DOP
DZD
EGP
GEL
GHS
GTQ
HNL
IQD
IRR
JMD
JOD
KES
KGS
KHR
KWD
KZT
LBP
LKR
MAD
MDL
MKD
MMK
MNT
NAD
NIO
NPR
OMR
PAB
QAR
RSD
SAR
SSP
TND
TTD
UGX
UYU
UZS
VES

Current Rate0

Available

0.00USD

Calculate

PBR Price Chart

Introduction

Markets

3H

+335.89%

1D

+361.85%

1W

+342.44%

1M

+404.18%

1Y

+376.97%

All

-68.6%

Aspect Information
Short Name PBR
Full Name PolkaBridge Token
Founded Year 2021
Main Founders Not mentioned
Support Exchanges Binance, Kraken, Coinbase Pro
Storage Wallet MetaMask Wallet, Trust Wallet

Overview of PBR

PBR, known as PolkaBridge Token, is a type of cryptocurrency that was founded in 2021. While the main founders were not mentioned, the token is supported by numerous exchanges including Binance, Kraken, and Coinbase Pro. Regarding storage, the tokens can be held in the MetaMask Wallet or Trust Wallet. As per its functionality and use, PBR operates within the PolkaBridge ecosystem, which aims to provide decentralization solutions, enabling cross-chain interoperability. As a token, PBR plays various roles including governance and transaction fees within the PolkaBridge platform. As is the case with cryptocurrencies, the value and stability of PBR are subject to market fluctuations and underlying technology infrastructure.

Overview of PBR

Pros and Cons

Pros Cons
Supported by Major Exchanges Market Volatility
Useful for Governance in PolkaBridge Ecosystem Dependency on PolkaBridge Ecosystem
Enables Cross-Chain Interoperability Uncertain Regulatory Environment
Can be Stored in Popular Wallets Founders Not Publicly Known

Pros of PBR Token:

1. Supported by Major Exchanges: PBR is listed and traded on major crypto exchanges such as Binance, Kraken, and Coinbase Pro. This can afford it higher liquidity, accessibility, and recognition in the crypto market.

2. Useful for Governance in PolkaBridge Ecosystem: Holding PBR tokens provides participation in certain decision-making processes within the PolkaBridge ecosystem. This determines the future development and functionality of the platform.

3. Enables Cross-Chain Interoperability: PBR is instrumental in the PolkaBridge platform's endeavor to enable the seamless flow of information and value between different blockchain networks. This cross-chain functionality can potentially increase the utility and value of PBR.

4. Can be Stored in Popular Wallets: PBR tokens can be stored in widely-used and trusted cryptocurrency wallets such as MetaMask Wallet and Trust Wallet. This results in ease of access and security for token holders.

Cons of PBR Token:

1. Market Volatility: Like other cryptocurrencies, PBR tokens are subject to market volatility. The price can rapidly increase or decrease for a variety of reasons which can be hard for investors to predict.

2. Dependency on PolkaBridge Ecosystem: The value and utility of PBR depend largely on the success and adoption of the PolkaBridge platform. Any potential downside with the platform could affect the token's value.

3. Uncertain Regulatory Environment: The regulatory framework for cryptocurrencies is still in development and can vary widely by jurisdiction. Any regulatory changes can potentially impact the price and availability of the token.

4. Founders Not Publicly Known: The anonymity of the founders could engender trust issues for potential investors, as without publicly known founders, accountability can be a concern.

What Makes PBR Unique?

PolkaBridge (PBR) brings about an innovative approach aimed at improving the function of decentralized financial (DeFi) ecosystems. Its primary point of differentiation is its focus on enabling cross-chain interoperability, a current limitation faced by many blockchain networks. This essentially means that PolkaBridge facilitates communication and transactions between different blockchains, thus removing barriers and expanding opportunities in the DeFi space.

In comparison to other cryptocurrencies, PBR also functions as a governance token within the PolkaBridge ecosystem. A governance token allows its holders to vote on different proposals and changes within the system, meaning that PBR holders have a level of influence over the direction and development of the platform.

Nonetheless, the fact that the value and utility of PBR are tethered to the success and acceptance of the PolkaBridge platform is also a point of difference. This relationship makes the token more dependant on the functionality and performance of its native platform, while other cryptos might have a more independent relationship to the platforms they're associated with.

Lastly, the founders of PolkaBridge remain anonymous, unlike other cryptocurrencies whose founders are known publicly. This adds an element of uncertainty, as public accountability for the platform's progression is limited, something that might not resonate with some investors.

As is the case with any cryptocurrency, while PBR does bring unique and potentially valuable features, it's also exposed to common risks such as market volatility and regulatory changes.

What Makes PBR Unique?

How Does PBR Work?

PolkaBridge Token (PBR) operates within the PolkaBridge ecosystem, a decentralized finance (DeFi) platform built on the Polkadot ecosystem. It aims to be a bridge, facilitating cross-chain functionality among multiple blockchain networks, hence the name “PolkaBridge”.

The principle of the PolkaBridge design is to focus on decentralized, permissionless interaction to enable users from different blockchains to undertake transactions, swaps, farming, and other DeFi activities seamlessly.

The token plays two important roles in the ecosystem:

1. Governance: PBR acts as a governance token, enabling holders to participate in decision-making matters related to the PolkaBridge platform, such as proposing or voting on changes to the system.

2. Transaction Fees: Operations like transfers, swaps, and farming on PolkaBridge may require PBR tokens as transaction fees. This usage inherently drives demand for the token.

In terms of working mode, PBR works in conjunction with the Polkadot networks interoperability functionality. Polkadot's reliance on 'parachains' allows different blockchains to interconnect and carry out transactions among each other. PBR, in turn, amplifies this interconnection by serving as the core transaction and governance token.

However, PBR doesn't operate independently; it is tied to the success and widespread adoption of the PolkaBridge platform. Therefore, its working mode and the value proposition it offers are contingent on the performance, functionality, and acceptance of the PolkaBridge DeFi platform itself.

Circulation of PBR

The price of PBR has fluctuated significantly since its launch. It reached an all-time high of $0.1167 in November 2021, but has since fallen to its current price of $0.0304 (as of September 26, 2023). This represents a decline of over 70%.

PBR is a non-mineable token, which means that there is no mining cap.

The total circulating supply of PBR is 71.19 million.

Exchanges to Buy PBR

Support for PBR, or PolkaBridge Token, is offered on various exchanges. Here are ten such platforms, but please note that these should be verified besed on the real-time data as cryptocurrencies are constantly evolving:

1. Uniswap: Uniswap is a leading cryptocurrency exchange that offers a wide variety of token pairs for trading. Possible trading pairs for PBR on Uniswap may include PBR/USDT, PBR/BTC and PBR/BNB, among others.

2. Coinbase Pro: While primarily supporting popular cryptocurrencies, Coinbase Pro offers PBR trades possibly paired with USD, EUR, and BTC.

3. Kraken: Kraken exchange provides a platform for trading PBR, although the specific currency pairs may vary, common pairs might include PBR/USD and PBR/BTC.

4. Huobi Global: Known for a broad spectrum of cryptocurrencies, Huobi Global likely supports PBR trades with pairs such as PBR/USDT, PBR/BTC.

5. Bittrex: Bittrex is another widely recognized cryptocurrency exchange which may list PBR for trading, commonly paired with BTC and USD.

6. OKEX: OKEX might offer trades with pairs like PBR/USDT and PBR/BTC.

7. HitBTC: This exchange is known for its wide variety of token offerings. Here, PBR might be available to trade against pairs like PBR/USDT, PBR/EUR.

8. Kucoin: At Kucoin, traders may find PBR pairs such as PBR/USDT, PBR/KCS.

9. BitMart: BitMart might include PBR in its listed tokens, with possible pairs including PBR/USDT.

10. Gate.io: Last but not least, the Gate.io platform also supports many tokens, including PBR. Some possible offerings might be PBR/USDT or PBR/BTC.

Exchanges to Buy PBR

Please note that while this list may provide an indication, the actual token pairs and the availability of PBR on these exchanges should be confirmed by checking the latest information directly on the exchanges' websites or other trustworthy sources.

How to Store PBR?

Storing PBR, or PolkaBridge Token, can be achieved through a process similar to that of other Ethereum-based tokens because it is an ERC-20 token. ERC-20 refers to a common list of rules dictating the implementation of tokens issued on the Ethereum blockchain, and include a set of functions that the token's smart contract will implement.

For storage, several types of wallets can be used, but all should be ERC-20 compliant. Wallets for PBR may be either hardware wallets or software wallets. Here are some examples:

1. Hardware wallets: These physical devices store private keys securely offline. They are viewed as the most secure method to store cryptocurrencies. Ledger and Trezor are well-known brands that support Ethereum-based (like PBR) tokens.

2. Software wallets: These are applications installed on a computer or mobile device. They are more convenient but somewhat less secure than hardware wallets. Examples that support ERC-20 tokens include:

a. MetaMask: This is a web browser plugin wallet which can be added to browsers like Chrome or Firefox. It is user-friendly and suitable for those just starting off in the crypto world.

How to Store PBR?

b. Trust Wallet: Known for its security and privacy measures, Trust Wallet is a mobile wallet app that supports Ethereum and ERC-20 tokens.

c. MyEtherWallet (MEW): MyEtherWallet supports the storage, sending, and receiving of all ERC-20 tokens.

Please note, irrespective of the wallet type, its crucial to maintain strict security practices, like keeping backups of the wallet and not disclosing private keys, because control of the private keys means control of the crypto assets.

Should You Buy PBR?

Buying PBR, or any cryptocurrency, is generally a decision that should be made based on one's financial goals, risk tolerance, and understanding of the crypto market. It is crucial to remember that investing in cryptocurrencies like PBR involves considerable risk due to their volatility. Here's some advice, given objectively and professionally, to prospective buyers:

1. Understanding of Blockchain Technology: PBR or PolkaBridge is rooted in complex blockchain technology. Anyone considering an investment should have a basic understanding of blockchain, how cryptocurrencies work, and how PolkaBridge specifically operates within its ecosystem.

2. Risk Tolerance: Cryptocurrencies exhibit significant price volatility. Potential investors should understand that while impressive gains are possible, the value of their investment could also plummet. Such investors should be comfortable with taking on this level of risk.

3. Long-Term Investment Mindset: Many experts suggest that due to their volatility, cryptocurrencies should be considered as long-term investments. This way, short-term price fluctuations, which are common in the crypto market, might be mitigated over the long term.

4. Diversification: Spreading investments across different assets can reduce risk. Potential investors may want to consider including PBR as one part of a diversified investment portfolio to balance potential downturns in one investment area with gains in another.

5. Market Watch: Constantly keeping an eye on market trends, news about PolkaBridge and the overall crypto market can help make informed decisions about when and how much to invest.

6. Compliance with Regulations: It's paramount for prospective investors to ensure they comply with regulatory requirements and restrictions that apply in their specific geographical location.

7. Professional Consultation: Consulting with a financial adviser or a professional who understands the crypto market can be beneficial before making an investment.

The suitability of PBR as an investment depends largely on the individual's financial circumstances, ability to withstand loss, and interest in engaging with the world of cryptocurrencies and DeFi platforms. As with any investment, potential buyers should conduct thorough research and seek professional advice where necessary.

Conclusion

PolkaBridge Token (PBR) is a cryptocurrency operating within the PolkaBridge ecosystem, facilitating the interoperability among different blockchains. While the concept presents innovative solutions in the DeFi space, such as providing governance rights to token holders and enabling cross-chain transactions, it's important to note that the utility and value of PBR are largely dependent on the success and acceptance of the PolkaBridge platform.

While the platform presents a forward-looking solution to a current limitation in many blockchain networks, its ecosystem is relatively new (founded in 2021) and operates in a rapidly evolving and competitive landscape. It isn't entirely clear how PolkaBridge and consequently PBR will fare in the long run.

The potential ability of PBR to generate returns or appreciate in value is highly speculative due to the volatile nature of cryptocurrency markets. It is not guaranteed to generate profits or wealth consistently, especially given short-term price fluctuations. Like all cryptocurrencies, PBR's price is influenced by many factors including supply and demand, market sentiment, technological advancements, regulatory implications, and macroeconomic trends.

Moreover, the anonymous nature of PolkaBridge's founders presents an additional layer of uncertainty and risk. Without publicly known founders, investor faith and accountability can be a concern.

Prospective investors must, therefore, exercise caution, with a comprehensive understanding of the technology and risks involved. A diligent approach, involving well-researched investment decisions and possibly seeking advice from financial advisors, should be considered to navigate the complexities of investing in cryptocurrencies like PBR.

FAQs

Q: What wallets can be used to store PBR?

A: PBR, being an ERC-20 token, can be stored in a variety of wallets like MetaMask, Trust Wallet, and hardware wallets such as Ledger or Trezor.

Q: On what cryptocurrency exchanges can I purchase PBR?

A: PBR is supported by several major cryptocurrency trading platforms, including but not limited to Binance, Coinbase Pro, and Kraken.

Q: Is it possible to make profits by investing in PBR?

A: Given the inherent volatility and unpredictability of cryptocurrency markets, the potential for profit-making through PBR investment, though possible, isn't guaranteed and should be pursued with caution and due diligence.

Q: How does PBR relate to other cryptocurrencies in the market?

A: PBR differentiates itself by its role within the PolkaBridge ecosystem, enabling cross-chain interoperability and allowing holders to participate in the platform's governance - features that set it apart from several other cryptocurrencies.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

10 ratings

Participate in evaluation
Stephent Yuu
The Community Sentiment content lacks engagement and support, falling short on emotional depth and interactive appeal. Needs improvement.
2024-05-02 20:58
0
Septian Putra
The merchant acceptance of this cryptocurrency is lacking, with limited options for users and low market demand. The team's transparency and track record are also questionable, raising concerns about the project's long-term viability. The community engagement and developer support are weak, impacting the overall sentiment and potential for growth. Overall, there are better alternatives in the market with stronger fundamentals and adoption potential.
2024-04-17 15:41
0
Truong Ho
The scalability of the technology needs improvement to meet market demands and enhance user experience. There is potential for growth but current limitations hinder progress.
2024-03-29 13:20
0
Mahmmud Kunaini Jamali
The community sentiment content is engaging and diverse, showcasing a mix of emotions and active participation. It provides valuable insights into developer support and communication within the community.
2024-05-21 12:04
0
Alvin Stanislaus Damopolii
The security vulnerability history of PBR is concerning, but the community trust and audit reports show signs of improvement. Exciting potential!
2024-07-31 09:06
0
chong
The token distribution of PBR Tokenomics is well-balanced, promoting sustainability and community engagement. With a solid economic model and transparent distribution, it has potential for strong market demand and user acceptance. The team's reputation and experience add credibility to the project, while its focus on security and regulatory compliance ensures a safe and compliant environment for investors. Overall, PBR Tokenomics stands out in a competitive market, offering a unique value proposition and strong growth potential.
2024-04-16 11:37
0
Brendan
The team's experience and transparency are commendable, making the project stand out in a crowded field. Exciting potential for real-world applications and market demand.
2024-03-19 11:56
0
Nutthpan Net
The community engagement and developer support for the project is exceptional, showcasing a strong sense of unity and dedication towards achieving common goals.
2024-05-25 13:28
0
Ryota Imaeda
The project excels in technical aspects such as blockchain and consensus mechanisms. Its practical applications show great potential in solving real-world problems and meeting market demand. The team's experience, reputation, and transparency are commendable. Tokenomics are well-structured with sustainable economic models. Safety has been top-notch with a clean audit history and strong community trust. The project faces competition but showcases unique factors. The community engagement and developer support are high, reflecting positive sentiment and active participation. The volatility has been manageable, showing consistent long-term potential. Overall, the project's market value, liquidity, and fundamentals are solid, with a mix of stability and growth prospects.
2024-04-06 11:12
0
Edo.Phoenix
Enthusiastic comparison with similar projects in PBR's sphere, highlighting unique features and potential for long-term growth. Demonstrates strong competitive edge in the market.
2024-03-15 09:42
0