What is POLKStarter (POLS)?
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| non-central fundraising platform of Polkastarter |
TL DR
Polkastarter is a non-central fundraising platform that allows blockchain teams and companies to fund and start their own projects. It enables projects to create multi-channel token groups while raising funds and expanding their communities.
POLS is a utility platform and token for governance. To participate in the IDO on Polkastarter, users need to participate or participate in POLS to maximize the power of POLS.
An introduction
IDO (Initial Dax Offer) is a popular quarterly funding method in the blockchain space. Among various IDO platforms, Polkastarter is gaining popularity due to its scalability and interference. By choosing Polycrestor, blockchain projects can expand their visibility, expand their communities and join a pool of consultants and partners.
What is Polkastarter?
Polkastarter is an IDO launch platform for decentralized and multi-channel token pools. This allows crypto startups to pool capital into a fixed swap pool and distribute new tokens to new competitors. PolkaStarter was founded in 2020 by Daniel Stockhouse, Tiago Martins, and Miguel Letty.
By the first quarter of 2022, it has already helped raise $ 100 million through public and private sales on more than 45 projects. In addition to videos, the platform also supports GameFi launchpads, Metaverse Land Sales, and other NFT sales.
Main Features of Polcastar
Polkastarter is a multi-chain non-central fundraising platform that offers low transaction fees. With Polkastarter, new projects can be launched on various blockchains, including Ethereum, BNB Chain, Polygon, Celo, and Avalanche. They can accept any tokens that are compatible with these networks during IDO sales. Let's take a closer look at the main features of the Polk Starter show.
Scheduled swap survey
Fixed soup is one of the main features of Paul Buster's. Unlike the automated market mixer (AMM) model adopted by Uniswap and other non-centralized exchanges (DEXs), Polkastarter's liquidity pools perform swap orders at a fixed price.
Usually, with the Defi AMM survey, token prices will be adjusted dynamically based on supply and demand, which is often due to price fluctuations. To stabilize prices, Polkastarter allows plans to list new tokens at pre-determined prices. The set value will remain the same as long as the token remains in the original offer.
The project can also create groups with additional parameters to increase fundraising control. For example, they can control the maximum investment per user or the number of authorized investors in the pool. The entire process is governed by smart contracts, which ensure a fair and transparent distribution of tokens.
IDO. To grow
IDO participants generally withdraw their coins immediately after the initial sale in the market, which in turn leads to price fluctuations. To address this, Polkastarter V3 introduces IDO Farming, a feature that encourages IDO participants to gamble on newly acquired tokens for additional rewards.
Designed to reduce sales pressure, IDO farming works like any other form of stacking. The more they gamble, the more rewards they can get. And with each user who gets their share back, the group's APY will increase, which will generate more revenue for the remaining stickers.
Get to know your customers
Polacasterter also includes a template that allows for additional security features. This is a Know Your Customer (KYC) function that allows only approved users to participate in IDOs. Projects can design KYC requirements that clients need to meet before they can qualify for IDOs. They can restrict participants to specific geographical locations, making the team more flexible and in control of the process.
Blackstar Star Gaming
Polkastarter launches Polkastarter Gaming Guild so that Play to Earn (P2E) caters to the growing popularity of games. Its purpose is to connect sports lovers and sports lovers around the world. Polkastarter Gaming has launched a $ 2 million fund to support up-and-coming Metaversrs projects. In addition, Polkastarter Gaming Guild (PGG) has been established to offer scholarships to new PlayTo owners to visit Metaverse. Consumers can expect more IDOs for gaming and NFT market launches in the future.
What is POLS?
POLS is a utility token for the Polakastarter ecosystem. This is an ERC-20 token with a maximum supply of 100 million. POLS operates primarily on the Ethereum blockchain, but the BEP-20 version is also available on the BNB Smart Chain.
The POLS is used as a symbol of governance which gives stakeholders the right to vote and make suggestions regarding the development of PolkaStarter. It includes suggestions for new features, token utilities, tokens included in the platform, and more. Polkastarter plans to move to a fully automated DAO governance structure in the future.
What is the power of Pols?
POLS Power determines your chances of participating in IDO and NFT sales. It is a compiler that calculates eligible POLS credits on user platforms, including the POLS and POLS they collect in their wallets. To access IDO, users must find their wallet address in the permission list. It is a lottery system that gives customers one ticket for every 250 pools. During IDO, addresses are randomly selected.
They are more likely to be selected with more tickets. With more POLS, ticket prices will go up. There are 5 levels of POLS Power, which can increase the price of each ticket by up to 25%. Top Tier (30.000+ POLS) will give users a 'No Download', which means they can participate in IDO as long as they pass KYC.
How to get the power of the pole.
1. Keep policy members in your wallet. This is an easy way to get the power of POLS. You can buy POLS from crypto currency exchanges like Binance or DEX from Uniswap and convert them into MetaMask. POLS will change to POLS after 7 days if the user does not transfer or sell it.
2. Stack bliss. Instead of just putting POLS in a crypto vault, you can smear Ethereum or BNB China to increase the power of POLS. Staking POLS will give instant access to all open and future IDOs, and tokens placed on the chain will be locked for 7 days before being withdrawn.
How do I participate in the sale of IDO or NFT on Polkastarter?
1. Go to the [Projects] page on Polkastarter to check out the next NFT and token sales. Click on the project you want to participate in.
2. Click [Apply Now] and fill in some basic information to be added to the "Allowed" list.
3. The project team will process all applicants, and a permit lottery will be developed for all applicants based on the POLS option. It depends on the plans for determining the number of authorized customers, so your chances of successfully participating in the sale will vary.
4. If you are lucky and you have permission, you will need to complete the Know Your Customer (KYC) certification. Also, make sure you have enough funds in the attached chain vault before selling.
5. On launch day, go to the project page and click [Add], enter the amount you want to contribute, and click [Join Pool]. Once the transaction is confirmed, you will see a confirmation on the [Personalization] page. You can then claim your token after the IDO expires according to the maturity schedule.
final thoughts
Polkastarter is a great platform for new companies and startups to raise funds and start their own corrupt ventures. It can give investors easy access to the latest blockchain projects. In addition to static surveys, POLS stacking, NFT sales, omnichannel support, and all available features, Polkastarter also intends to modernize its governance model, so that consumers can be more involved in the overall decision-making and development process.
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