What is Polka Starter (POLS)? – BeInCrypto

With the widespread acceptance of DeFi solutions, the number of crypto companies offering such solutions has also increased exponentially. This is also changing the nature of fundraising for new projects in the DeFi space. Initial Coin Offerings (ICOs), Initial Exchange Offers (IEOs), and Initial DEX Offers (IDOs) are just a few of these new fundraising opportunities.

Polkastarter is changing the way crypto initiatives raise money and focus on IDOs. In this article, we’ll show you everything you need to know about polka appetizers.

What awaits you in this article:

What is polka starter?

Polkastarter – Video by Polkastarter

Polkastarter is a blockchain-based platform Use to create token groups and auctions across chains. Many early-stage blockchain companies are using the Polkastarter platform to quickly generate funds and distribute tokens. With Polkastarter, blockchain projects can easily create exchange groups and auctions across their own chains to generate revenue.

POLS is the original utility token for the Polkastarter platform It performs various tasks within the ecosystem. This includes prospecting for liquidity, governance, payment of transaction fees and participation in pools used exclusively for public policy organizations.

Polkastarter launched in December 2020 It has since become one of the most popular platforms for initial DEX offerings (IDOs). Decentralized projects use polka starters to raise funds quickly and inexpensively. In addition, users can trade cryptocurrencies and use assets that exceed the current ERC-20 standard in a safe and legal environment.

What makes Polkastarter special is the option to make cross-chain swaps. It’s all made possible thanks to the Polkadot ecosystem. Polkadot provides the ability to conduct transactions quickly and inexpensively while maintaining connectivity to the Ethereum network and other blockchains.

Other features of the Polkastarter platform include unauthorized listings (no permission required), token trading via smart contracts, password-protected private pools, whitelisting, and price alerts in the event of significant price deviations. Polkastarter also offers different forms of swaps such as fixed rate swaps, dynamic rate swaps, Dutch auctions and sealed bid auctions.

The team behind Polkastarter

Daniel Stockhaus and Thiago Martins are the founders of Polkastarter and serve as CEO and CTO.

Danilo Carlucci, former Community Head (US and UK) at YouTube, supports Polkastarter as an advisor. Currently, Carlucci is an angel investor, marketing and ecosystem consultant for the project. Matthew Depp, chief operating officer of Stack Funds, also serves as an advisor to Polka Starters.

The main functions of Polkastarter

Polkastarter is powered by Polkadot and takes advantage of the unique characteristics of the Polkadot platform. This allows Polkastarter to provide users with a safe and secure trading environment.

Polkastarter core elements include:

  • Cross-chain digital asset trading: On Polkastarter, users can trade digital assets from different blockchains. Polkadot’s Relay Chain enables interoperability between different block chains.
  • Decentralized Administration: Polkastarter is managed by the user community. All decisions regarding the platform are made using community voting.
  • protection: Polkastarter takes advantage of Polkadot’s security features to protect users’ assets.
  • Speed ​​and Efficiency: The Polkadot Relay Network allows the trading of assets quickly and efficiently on the platform.
  • User-friendly interface: Polkastarter’s intuitive layout makes it easy for users to trade assets.

Polkastarter is already one of the leading platforms in the decentralized cryptocurrency exchange space and provides users with a secure trading platform for digital assets.

More Unique Features

Polka Starter – Image provided by BeInCrypto

If you are looking for an easy-to-use and easy-to-use project management solution, Polkastarter is a good choice. The platform provides everything you need to manage your projects and sync your online accounts so you can access the latest data from anywhere. With the mobile application, you can easily work with you wherever you go.

To centralize project-related information, Polkastarter offers functionality such as task lists, notes, and file management.

One of the best aspects of Polkastarter is how the platform works. The program synchronizes your online accounts, so that any changes made to the project are instantly reflected on all devices. If you are working on a project from different locations or need project information when you are away from your computer, this feature is very useful. Polkastarter is now also available as a smartphone app. So you can access your projects from anywhere.

The app is available for Android and iOS devices It offers the same functionality as the desktop version. Instead of the well-known Automated Market Maker (AMM) approach from Uniswap, Polkastarter offers one Smart contract with fixed swap. This allows projects to easily create liquidity pools, which then execute orders at a predetermined price.

Polkastarter is designed to support a variety of auction formats such as sealed bids and Dutch auctions, as well as static and dynamic percentage swaps. The platform is therefore ideal for crypto companies looking to build capital. In addition, Polkastarter can also be used for private trading, OTC transactions and purchases at favorable rates.

What is POLS?

POLS Icon – Video by Polkastarter

POLS is Polkastarter’s original tool code It performs various tasks within the ecosystem. This includes prospecting for liquidity, governance, payment of transaction fees and participation in pools used exclusively for public policy organizations. POLS users can use the token to pay for transactions on the platform, vote on platform improvements or send suggestions. Coinbase currently only accepts POLS tokens based on the Ethereum blockchain (ERC-20).

The POLS token was first traded on September 28, 2020. Currently, POLS has a market capitalization of $44.2 million and is ranked 385th on CoinMarketCap. In June, 93.7 million tokens were traded out of a total supply of 100 million POLS tokens. According to the official token, the POLS token is expected to reach 100% dilution 24 months after its IPO. The total width is divided as follows:

  • Enterprise Reserve: 10%
  • Team and Consultants: 10%
  • Marketing fund: 10%
  • Fund liquidity: 22.5%
  • Seed sale: 15%
  • Special Sale: 22.5%

Team tokens are banned for 1 year It is then issued at 25% every quarter.

What is Paul’s power?

POLS Power determines your opportunity to participate in the sale of IDO and NFT. It is an aggregate that calculates IDO eligible policy user credits for users on the platform. This also includes wallet POLS and stacked POLS tokens. POLS Power is a lottery system that rewards users with 1 ticket for every 250 POLS tokens. To access IDO, users must put their wallet address in the Allow List. Then the addresses are chosen randomly during IDO.

The more tickets you have, the higher the chance of choosing your wallet. The value of your ticket also increases with the number of POLS tokens you own. Ticket value can also be increased by up to 25% by purchasing one of the 5 POLS Power levels. When you reach the highest level (30,000 POLS tokens or more), you can unlock additional benefits. One such perk is the “No Cooldown” status. This allows you to participate in as many IDOs as you want, provided you pass the KYC exam.

How can you buy POLS tokens?

POLS Token – Image from BeInCrypto

You can buy POLS tokens on many major cryptocurrency exchanges such as Huobi Global, Coinbase, Gate.io, Binance, KuCoin, and Poloniex. In addition, the POLS token is also available on most major DEXs such as Uniswap, 1 inch, and 0x Protocol. The POLS liquid cryptocurrency trading pairs are POLS/WETH and POLS/USDT. There is currently no live cash trading pair for the POLS symbol. However, you can buy bitcoin with fiat money and then exchange BTC for POLS tokens.

Here is a quick guide How to buy POLS tokens on Binance:

  1. Log in with your Binance account and go to the “Trade” tab. Here you can choose between simple and advanced trading mode.
  2. Click on “BTC/USDT” and type “POLS” in the search bar. You will then be shown all available trading pairs such as POLS/BUSD.
  3. Now enter the number of POLS tokens you want to purchase in the “Spot” field on the right. You can also select other order types such as market orders when making a purchase. Click on “Purchase POLS” and you will receive the codes in the Spot Wallet.

Polkastarter becomes the center of IDOs

Polkastarter wants to make the token launch process as easy as possible, thus providing a safe environment for investors and projects. Because Polkastarter believes in how incentives work, the platform offers users exclusive rewards for donating unused POLS tokens to charities.

Polkastarter’s goals can help the platform become a staple in the token launch space. So it is worth paying attention to Polkastarter. The crypto market continues to grow, and new blockchain companies can find favor with platforms like Polkastarter.

Frequently Asked Questions

POLS is hosted on the Ethereum blockchain.

POLS is a governance token that gives owners the right to vote on Polkastarter’s growth and submit their own proposals. This includes ideas for additional features, token benefits, and tokens included in the platform.

Experts are convinced that cryptocurrency prices will rise in the long run. However, you should keep in mind that cryptocurrencies are very volatile investments and that the predictions of experts are often inaccurate. Always do your research on a project or cryptocurrency before investing.

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