Polkastarter is a protocol built for cross-chain token pools and auctions, enabling projects to raise capital in a decentralized, permissionless, and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and use assets that go way beyond the current ERC20 standard.
The platform allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens. These so-called “Fixed Swap Pools” have many advantages for token sale investors over traditional fundraising models like ICOs, IEOs, and IDOs (Initial DEX Offerings).
Fixed Swap Pools will maintain the token price throughout the sale until the initial supply is bought. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast, and users will be able to participate in a secure and compliant environment.
The Polkastarter platform will also have the ability to interact with external blockchains like Ethereum, Bitcoin, and many others, which are fully powered by Polkadot’s bridges, a technology that allows parachains to seamlessly communicate both internally and external-wise.
Why did Polkastarter choose Polkadot over other decentralized networks?
Polkadot serves as a heterogenous sharded blockchain, which means it is a blockchain consisting of various blockchains. It has a multi-chain architecture (also referred to as shards) that allows transactions to be processed in parallel, increasing its throughput and scalability as more chains come in and the volume of transactions grows.
Polkadot is designed without any inherent application functionality. This is an upgrade in contrast to previous blockchain implementations that focused more on single-chain architectures with varying degrees of generality over applications.
Polkastarter shares in Polkadot’s vision to leverage the advantages of each blockchain by using a connected architecture that allows for seamless communication between all the chains, thereby solving the issue of interoperability.
Who are the founders of Polkastarter (POLS)?
Polkastarter was founded by CEO Daniel Stockhaus. An ardent follower of the popular decentralized developer, Gavin Wood.
What is Polkastarter (POLS) used for?
Raise funds for start-ups
Startups and projects can raise funds on Polkastarter’s interoperable and decentralized infrastructure.
Closed OTC deals with password protection
With Polkastarter, startups can close their OTC deals safely with their unique password protection feature.
They also get to enjoy discounted sales on their accounts since they have been whitelisted for NFTs or token airdrops.
Polkastarter strongly believes that the future of DeFi won’t be limited to a single exchange. So, they have facilitated the buying and moving of assets between blockchains with ease.
There are plans to set up a governance infrastructure that enables community voting using POLS.
Polkastarter is launching several types of staking mechanisms, including staking for pool access, staking for governance, and staking for pool rewards. All this will be achieved with the use of POLS.
Liquidity providers can claim rewards in POLS for contributing to the network.
With Polkastarter, startups and other decentralized projects can easily finalize auctions securely.
How is Polkastarter (POLS) unique?
The killer feature of Polkastarter is the possibility of making both fixed swap pools and cross-chain swaps, powered by the Polkadot ecosystem, which can provide higher throughput for faster and cheaper transactions while staying connected to the Ethereum Network and other blockchains for liquidity. This is immense progress as the future of decentralized finance won’t be tied to one chain and interoperability is already becoming a must-have feature of the DeFi future.
Polkastarter will also allow projects to list at a fixed price, which will be maintained for as long as tokens remain in the original supply. This feature would be able to ensure less volatility around a token launch. It offers projects and their investors increased transparency over the amount of money raised and tokens sold.
How many Polkastarter (POLS) coins are in circulation?
Polkastarter has a total supply value of 100M POLS and an initial circulation supply of 17.875M POLS. In total, 42.5 million POLS were sold, which accounts for 4.5% of the total supply.
Seed: 20% unlocked before listing, then 10% monthly over 8 months.
Private: 25% unlocked before listing, then 25% monthly over 3 months.
Liquidity: 22.22% unlocked before listing, then 8.88% monthly over 5 months, then 6.67% monthly over 1 month, then 4.44% monthly over 6 months.
Marketing: 20% unlocked before listing, then 6.67% monthly over 12 months.
Team & Foundational tokens: 1 year fully locked, then 25% quarterly.
How is Polkastarter Network secured?
Their network is secured via the partnership with Covalent, which is aimed at bringing more transparency and anti-scam measures to token sales that are facilitated on the Polkastarter Ecosystem. Covalent brings rich data from the blockchain to inform investors about tokens, token projects, transactions, and historical data of crypto-assets and wallets.
When token sale projects choose to use these tools, they will be able to see if wallets have been used for illegal purposes such as money laundering and other suspicious activities. Additionally, token sale projects can link the team’s identifying data to their token sale pools to boost trust and transparency among potential buyers.
Covalent’s ability to provide granular, historical per wallet data will allow the token sale and swap participants to know who they are interacting with, which will help build trust in the network and create a safe environment for traders and investors of all kinds.
How do I buy Polkastarter (POLS)?
The POLS token can be used for a wide range of uses, like staking and payment.
POLS tokens can be easily purchased by the following steps.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy POLS through your trading account.
Which Cryptocurrency Wallet Supports Polkastarter (POLS)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Polkastarter (POLS). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their POLS wallet because it offers a simple interactive interface, making it easy for people to navigate its system.