Polkastarter (POLS) Feature and Its Difference
What is Polkastarter (POLS)?
Polkastarter is an expanded fundraising platform that allows blockchain groups and companies to fund and launch their own projects. It empowers projects to create more token pools while raising money and growing their communities.
POLS is a platform for the use and governance of the platform. In order to participate in IDO Polkastarter, users need to participate in or participate in POLS to increase their POLS Powers.
IDO (Initial DEX Offering) is a popular way to earn money in the blockchain environment. Among the various IDO platforms, Polkastarter is gaining popularity for its durability and collaboration. By choosing Polkastarter, blockchain projects can increase their exposure, expand their communities, and enter the pool of consultants and partners.
Who Are the Founders of Polkastarter?
Polkastarter comprises a top team with over thirty years of combined experience in technology firms. It was co-founded by Daniel Stockhaus and Tiago Martins, currently acting CEO and CTO at Polkastarter respectively.
Daniel Stockhaus is a respected businessman who founded a very successful e-commerce company called LiGo, and the digital growth agency Oliphant Ltd. Prior to this, he worked as a digital media designer for Fitch, and graduated. bachelor's degree in communications and media studies.
Tiago Martins, on the other hand, was a former professor of computer science and an experienced developer with expertise in online education and product development. He is also the founder of Codeplace, an online platform that teaches the basics of web development. In addition to senior members, the Polkastarter team includes a few experienced consultants and other non-governmental staff.
What Makes Polkastarter Different?
Polkastarter's main offering is its smart fixed exchange contract, which allows projects to easily deliver cash pools that issue orders at a fixed price - instead of using the AMM model made popular by Uniswap. The platform is designed to manage a range of auction types, including closed bid auctions and Dutch auctions, as well as consistent and flexible rate fluctuations. This makes it suitable for cryptocurrency projects aimed at raising funds, as well as various other uses, including private trading, OTC deals, and discounted trades.
Apart from this, other key features of the platform include unauthorized listing, anti-fraud capabilities, full KYC integration and mining. It should be noted that many of these features are not yet available, but are scheduled for launch later - probably after the Polkastarter switch to the Polkadot network, currently scheduled for Q1 2021.
What is Polkastarter?
Polkastarter is an IDO launch pad for pools of different tokens and multiple chains. It allows crypto startups to raise money in a fixed exchange pool and spread their new tokens to first-time investors. Polkastarter was founded in 2020 by Daniel Stockhaus, Tiago Martins, and Miguel Leite.
Since Q1 2022, it has already helped more than 100 projects to raise $ 45 million through public and private marketing. In addition to IDOs, the platform also supports GameFi launch pads, metaverse land sales, and other NFT sales.
Key features of Polkastarter
Polkastarter is a multi-chain fundraising platform that offers low transaction fees. With Polkastarter, new projects can be launched across a variety of blockchains, including Ethereum, BNB Chain, Polygon, Celo, and Avalanche. They may also accept any tokens associated with these networks during the IDO sale. Let us take a closer look at the key features offered by Polkastarter.
Fixed Swap Pools
Fixed Swap Pools is one of the key features of Polkastarter. Unlike the Automated Market Maker (AMM) model acquired by Uniswap and other fixed trades (DEXs), Polkastarter cash pools issue exchange orders at a fixed price. Normally with DeFi AMM pools, token prices will be adjusted flexibly based on supply and demand, often leading to variable price fluctuations. To stabilize prices, Polkastarter allows projects to write their new tokens at pre-determined prices. A fixed price will be maintained as long as there are tokens left over from the actual supply.
Projects can also set pools with additional restrictions to further control their revenue. For example, they can control the maximum investment of each user or the number of investors allowed in the pool. The whole process is governed by smart contracts, which ensure the correct and transparent distribution of tokens.
In general, IDO participants often withdraw their tokens immediately after the initial distribution to sell in the market, leading to volatile price fluctuations. To address this, the development of Polkastarter V3 will introduce IDO farming, a feature that encourages IDO participants to apply their newly acquired tokens to earn additional prizes.
IDO farming is designed to reduce market pressure, and it works in the same way on other endangered farms. The longer they hold, the higher the rewards they can receive. And with every user withdrawing his stake, the APY pool will go up, giving the remaining participants an even higher yield.
Polkastarter also includes an official list model for additional security benefits. It is a KYC function that only allows certified users to participate in IDOs. Projects can design what KYC users need to complete before they can qualify for IDOs. They can also restrict participants from certain parts of the country, giving the team more flexibility and controlling the listing process.
Polkastarter has introduced the Polkastarter Gaming Guild to welcome the growing popularity of play-to-earn (P2E) games. Aims to connect GameFi projects with game lovers around the world. Polkastarter Gaming has launched a $ 2 million fund to support emerging development projects. In addition, the Polkastarter Gaming Guild (PGG) was established to provide scholarships to help new gaming users find their way through the metaverse. Users can expect more game IDOs and the introduction of NFT market place in the future.
What is POLS?
POLS is a trademark of the Polkastarter ecosystem. It is an ERC-20 token with a maximum of 100 million offers. POLS works primarily on the Ethereum blockchain, but there is also a BEP-20 version available on the BNB Smart Chain. POLS is used as a governing token that will give owners the right to vote and submit proposals related to the development of Polkastarter. This includes suggestions on new features, use of tokens, platform listings, and more. Polkastarter plans to relocate to DAO's automated governance structure in the future.
What is the Power of POLS?
POLS Power determines your opportunity to participate in IDO and NFT sales. The aggregator calculates the appropriate POLS balance that users have across the platform, including the POLS in their wallet and the POLS they include. To gain access to the IDO, users need to find their wallet addresses on the "authorized list". It is a lottery system that rewards users with 1 ticket to every 250 POLS. During IDO, addresses are randomly selected. With more tickets their chances of being selected will be higher. With the rise of POLS, ticket numbers will also increase. There are 5 levels of POLS power, which can increase the price of each ticket by 25%. The top category (30,000+ POLS) will also give users a “No Cooling” status, which means they can participate in as many IDOs as they wish, as long as they pass KYC.
How to Get the Power of POLS
1. Hold the POLS in the bag. This is an easy way to get POLS Power. You can buy POLS on cryptocurrency exchanges like Binance or on DEX like Uniswap and transfer it to MetaMask. POLS will become POLS Power after 7 days if the user does not move or sell them.
2. Stake POLS. Instead of just holding POLS in a crypto wallet, you can install them in Ethereum or BNB Chain to increase their POLS Power. Staking POLS will immediately provide access to all open and future IDOs, and stamped tokens will be locked in a chain for the next 7 days before they can be withdrawn.
How can you participate in IDO or NFT sales at Polkastarter?
1. Go to the [Projects] page at Polkastarter to check out the upcoming NFT and token sales. Click on the project you want to participate in.
2. Click [Apply Now] and fill in some basic information to join the list of approved.
3. The project team will process all applications, and a lottery list will be conducted based on the POLS capacity of all applicants. It is up to the projects to determine how many users are allowed on the approved list, so that your chances of successfully participating in marketing will vary.
4. If you are lucky and listed, you will need to complete a KYC verification. Also, make sure you have enough money in your wallet for the series before it is sold.
5. On the launch date, go to the project page and click [Join], enter the amount you want to donate and click [Join Pool]. Once the job is verified, you will see a confirmation on the [Assignments] page. You can then claim your tokens after the end of the IDO, depending on the purchase schedule.
How to Buy POLS at Binance?
You can buy POLS on crypto exchanges like Binance.
1. Sign in to your Binance account and go to [Trade]. Choose old or advanced trading mode.
2. Click on [BTC / USDT] and search for “POLS” to see all available trading stocks, such as POLS / BUSD.
3. Go to the [Spot] box on the right and enter the number of POLS you want to purchase. You can use different types of orders, such as Market order. Click [Buy POLS] and tokens will be added to your Spot Wallet.
Polkastarter is a great platform for new businesses and beginners to raise money and start their own crypto projects. It can also give investors easy access to new blockchain projects. In addition to Fixed Swap Pools, POLS staking, NFT sales, multi-chain support, and all available features, Polkastarter also plans to upgrade its management model, so users can participate more in the decision-making process and development as a whole.