What is Polkastarter (POLS)? Information About POLS Token

Table of Contents

What is Polkastarter?

Polkastarter is a decentralized fundraising system that provides an opportunity for Web3 projects to launch and attract capital through multi-chain token pools. At the same time, develop a large community.

The platform gives investors the ability to secure early access to IDO events, NFTs, and Web3 gaming innovations. The Polkastarter team’s goal is to continue developing the leading decentralized fundraising platform. Facilitate users to participate in high-potential gaming, NFT sales and IDO projects.

In this way, Polkastarter is not only a place where users can make smart decisions but also a support point for fundraising companies and startups in implementing their projects. They have the opportunity to benefit from Polkastarter’s experience and ever-expanding network.

Main features of Polkastarter

KYC integration: To increase security. The KYC function allows only verified users to participate in the project launch.
Permissionless fixed swap pools: Controlled through smart contracts. Ensure fairness and transparency in token distribution. Projects can list their new tokens at a predetermined price.
NFT Sales Platform: From March 2022, projects can launch their NFT projects on the platform.
Board: The Polkastarter Board is comprised of independent companies, projects, and individuals. Guide the Polkastarter selection process and support the development of the platform.
Flexible listing system: Allows unlimited addresses with individual maximum allocation, reducing gas fees.
POLS Staking: POLS Power is Polkastarter’s measure. Staking POLS in smart contracts gives access to project launch events.
IDO Staking: Designed to reward IDO token holders more instead of focusing on “selling pressure”. Bringing profitable farming services to Polkastarter projects.
Anti-fraud verification process: Provides a full listing model with strict KYC to ensure no bots participate in the project’s sales activities.
Public lottery system: Through the lottery system and token-based incentive tickets, ensuring fairness and anti-counterfeiting.

Highlights of Polkastarter

Polkastarter focuses on solving a key challenge for Uniswap: fair token sales.

The project does this through the provision of “fixed swap pools”. Allows users to participate in token sales without worrying about automated bots or high price slippage.

Polkastarter highlights

In addition, Polkastarter also supports creating “Private pools” with passwords, whitelists, many types of auctions, “fixed ratio swaps”, “dynamic ratio swaps”, and warnings when price slippage increases.

In addition, support for creating “cross-chain pools” gives users more choices when creating pools compared to other AMM exchanges (which usually only support ERC-20).

Related: What is Arbitrum?

Tokenomics

Basic information

Token Name: Polkastarter.
Ticker: POLS
Blockchain: Ethereum
Token Standard: ERC-20
Contract: 0x83e6f1e41cdd28eaceb20cb649155049fac3d5aa
Token Type: Governance.
Total Supply: 100,000,000 POLS
Circulating Supply: 99,221,432 POLS

Token Allocation

Foundational reverse: 10% and locked for 1 year from launch, then 25% every quarter.
Team & Advisors: 10% and locked for 1 year from launch, then 25% every quarter.
Ecosystem Growth: 15% and TGE 20%, then 6.67% per month for 12 months.
Liquidity Fund: 22.5% and TGE 22.22%, then 8.88% per month for 5 months. Then 6.67% per month for 1 month. Then 4.44% per month for 6 months.
Privated Sale: 27.5% and TGE 25%, then 25% per month for 3 months.
Seed Sale: 15% and TGE 20%, then 10% per month for 8 months.

Token Release Schedule

Token Use Case

POLS token is the internal token of the Polkastarter network. Holders of this token can enjoy the following features:

As transaction fees: POLS tokens can be used to pay transaction fees on Polkastarter.
Governance: users can use POLS to vote on network decisions. Like choosing the next project to support, features to develop, auction type, etc.
Staking: when staking POLS, users can receive rewards, access pools and participate in governance.
Liquidity mining: when contributing liquidity to pools on Polkastarter. Users can receive rewards in the form of POLS.

How to earn and own POLS Token

Users can earn POLS by participating in liquidity mining, staking or buying from exchanges that support POLS.

Or you can buy directly on exchanges like Binance, Coinbase, Uniswap, Kucoin

Project team

Adrian Siegwart is an Analyst & Research Advisor (DeFi | Web3) at Polkastarter. Previously, a trader at Bitcoin Suisse AG, Cryptocurrency research analyst at Astronaut Capital.

There is not much outstanding information about Polkastarter’s members or advisors

Funding rounds and investors

Polkastarter’s investors are NGC Ventures, Signum Capital, Moonrock Capital.

Partner

Covalent: API offering service to bring transparency to the project’s wallets.

Roadmap

In 2023, the project has had some important updates such as:

Launchpad

Regardless of the challenges the market is facing today, the project is actively working to prepare for future accelerations. The project has officially introduced Launchpad.

Acceleration

The pillar of acceleration in the project is operating under an independent business unit called Poolside. This group is implementing four unique projects.

Hub

To drive innovation in the Web3 space, we launched a groundbreaking Web3 hub called Poolside Lisbon.

Gaming

The gaming segment of the project recently made significant progress with the launch of GAM3 Quests. This upgrade brings exciting missions to partner games and received positive feedback from the gaming community.

Similar projects

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Avalaunch
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Conclude

Through the above overview article about the Polkastarter (POLS) project, AZC.News hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!