Where to Buy Polkastarter (POLS) Coin

What is Polkastarter (POLS) Coin

Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.

Through Polkastarter, blockchain projects can easily create their own cross-chain swap pools, which allow them to securely raise funds, while users can invest without risks, since swaps are automatically executed by smart contracts.

POLS is the native utility token of the Polkastarter platform and plays a number of roles in its ecosystem, being used for liquidity mining, governance, paying transaction fees, and gaining eligibility to participate in POLS-holder only pools.

The platform first went live in December 2020, and has quickly grown to become one of the most commonly used platforms for initial DEX offerings (IDOs). As of February 2021, Polkastarter operates on the Ethereum blockchain, but will eventually migrate to the Polkadot mainnet.

  • Polkastarter is a platform to launch and manage Initial Decentralized Offerings (IDOs). An IDO is a pre-listing token distribution, where early-stage projects will sell a limited amount of their tokens to whitelisted community members.
  • For projects, Polkastarter caters to the issues of fundraising, community growth, and sustainable token distributions. Moreover, Polkastarter’s fixed swaps ensure no community member can own outsized positions of the token, protecting against volatility after a decentralized listing.
  • For participants, Polkastarter provides early token access and project exposure. Pre-listing access and low entry prices to initial fund raises of projects are typically reserved for large investors. Polkastarter gives community members early access to projects that have been vetted by the Polkastarter team.
  • POLS is the native utility token of the Polkastarter ecosystem, and has the following use cases:
    • IDO whitelisting: Community members cannot participate in an IDO, unless their address is whitelisted by a project that is raising funds. Whitelist spots are distributed at random, but follow a pro rata ownership of POLS token. For every 250 POLS in an address, a user receives one “entry” or ticket for the whitelisting lottery. The more entries they have, the higher their chances of successfully being whitelisted. Additional information about whitelisting and the IDO process is available in this guide.
    • Liquidity mining: POLS token holders may provide liquidity to the ETH-POLS pool and the BNB-POLS pool on Uniswap and PancakeSwap.
    • Governance: Token holders need to stake POLS in order to vote and submit proposals. Proposals are first discussed off-chain and subsequently submitted as an on-chain proposal. Each on-chain proposal will be reviewed and implemented by the Polkastater development and management team.
  • The protocol consists of the following major components:
    • Fixed Swaps: Fixed swaps limits the amount of ETH or BNB a community user can exchange for a project’s token. This mechanism ensures an IDO participant cannot receive an outsized number of tokens early in the listing process, with the goal of maintaining decentralization and permissionless participation.
    • Interoperability: Polkastarter is currently available on both Ethereum and Binance Smart Chain (BSC). Polkastarter strives to expand to more chains and provide opportunities for projects and community members to participate in IDOs.
  • The project has raised 875K USD from two rounds of token sales, where 42.5% of the POLS total token supply has been sold at the following prices:
    • Seed sale price: 0.0125 USD / POLS
    • Private sale price: 0.0250 USD / POLS
    • Uniswap listing price: 0.0500 USD / POLS
  • As at May 19th 2021, the maximum token supply of POLS is 100,000,000 and the circulating supply is ~66.6%.

How To Buy Polkastarter (POLS) Coin

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How Much is a Polkastarter (POLS) Coin

Polkastarter (POLS) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.

$ 0.897872
Polkastarter (POLS)

Polkastarter (POLS) Coin Review

You can learn more about Polkastarter (POLS) coin reviews and information on cryptocurrencies by visiting their official page available in the following.