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What Is a Proof of Attendance Protocol (POAP)? Proof of Attendance Protocol (POAP) refers to a business offering to use the ERC-721 NFT protocol on Ethereum to ascribe individuals a unique, non-fungible blockchain-based identifier that only the person can access. POAP addresses the problem of identifying people rather than transactions or value, and it uses the blockchain that underpins digital assets and non-fungible tokens. POAP provides event participants with a way to verify their attendance through collecting digital badges where they live on-chain. The badges are all unique, meaning that the only way to claim them is to receive them at the event. Each badge is visually unique and non-replicable, meaning it doubles as an NFT and can be traded as NFTs on exchanges. One of its key values is that it provides irrefutable proof that an individual had been to an event or studied at a certain place. For instance, proving to your future employers that you studied at Harvard or having a track record of highly successful work in your profession means that people are more likely to trust and value your expertise in the field. POAP has two categories of users: event organizers and collectors. Event organizers can create events and make and distribute POAP badges to attendees. At the same time, collectors can bookmark moments in their lives or demonstrate their attendance to others with custom, unique NFT badges.

What Is a Proof of Attendance Protocol (POAP)?

Proof of Attendance Protocol (POAP) refers to a business offering to use the ERC-721 NFT protocol on Ethereum to ascribe individuals a unique, non-fungible blockchain-based identifier that only the person can access. POAP addresses the problem of identifying people rather than transactions or value, and it uses the blockchain that underpins digital assets and non-fungible tokens.

POAP provides event participants with a way to verify their attendance through collecting digital badges where they live on-chain. The badges are all unique, meaning that the only way to claim them is to receive them at the event. Each badge is visually unique and non-replicable, meaning it doubles as an NFT and can be traded as NFTs on exchanges. One of its key values is that it provides irrefutable proof that an individual had been to an event or studied at a certain place. For instance, proving to your future employers that you studied at Harvard or having a track record of highly successful work in your profession means that people are more likely to trust and value your expertise in the field.

POAP has two categories of users: event organizers and collectors. Event organizers can create events and make and distribute POAP badges to attendees. At the same time, collectors can bookmark moments in their lives or demonstrate their attendance to others with custom, unique NFT badges.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Supply metrics group: 1️⃣Supply Delta Demonstrates how strong and weak hands accumulate and distribute their Bitcoins. It serves as a leading indicator for identifying new price peaks and risk zones, helping to determine cycle tops and accumulation zones. Current situation: Long-Term Holder Supply is increasing slightly since April 19, 2024, indicating more coins are being held by long-term holders. Short-Term Holder Supply is decreasing, indicating fewer coins are held by short-term holders. Rating: 7/10 in favor of buyers. 2️⃣Percent Supply in Profit Shows the percentage of the total supply that is in profit, providing insight into the profitability of the circulating supply. Percent Supply in Profit is calculated by dividing the Supply in Profit by the Total Supply and multiplying by 100% to convert to a percentage. Components: Supply in Profit (the amount of supply that is in profit) Supply in Loss (the amount of supply that is in loss) Current situation: This metric indicates a positive trend as a higher percentage of the supply is in profit, suggesting favorable market conditions. Rating: 7/10 in favor of buyers. Total Supply metrics group rating: 7/10 in favor of buyers. The Supply metrics group indicates that in mid-April, long-term holders (LTH) stopped distributing their coins to short-term holders (STH). Starting from April 19, 2024, the Long-Term Holder Supply began to increase slightly, showing that the number of coins under the control of long-term holders is rising. At the same time, the supply held by short-term holders began to decrease. Сhanges from April to early May: Long-Term Holder Supply: 14,028,594 BTC (+42,436 BTC over 32 days) Short-Term Holder Supply: 3,357,333 BTC (-26,843 BTC over 32 days). From December 3, 2023, to April 19, 2024, approximately 930,000 BTC were redistributed by long-term holders. However, since April 19, the trend has shifted. Globally, the upward trend remains a priority. Locally, there could be a significant pullback within the global upward trend.
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