Bittime - Polkastarter (POLS) crypto candidate with 10,000x upside potential? In the past, Initial Coin Offering (ICO) and Initial Exchange Offering (IEO) were popular fundraising methods. But now, many projects are switching to other, more efficient methods, namely Initial DEX Offering (IDO) .
IDO platforms offer an easier, faster and cheaper way for crypto projects to raise funds. Retail investors are also spoiled for choice with more IDO projects. This triggered the birth of various IDO platforms on various blockchains.
Among the many IDO platforms, Polkastarter (POLS) is the leading name with the superior ATH ROI ratio (highest investment return rate of all time) and the largest number of funded projects. This article will examine this special IDO platform in more depth.
What is Polkastarter (POLS)?
Polkastarter is one of the leading IDO platforms in the crypto world. This platform allows projects to get funding in a cheaper and faster way than IEO platforms. For users, Polkastarter (POLS) provides an opportunity to purchase tokens at an early stage that has the potential to generate high ROI in the future.
Polkastarter's vision is to integrate with Polkadot (DOT) to take advantage of the ecosystem's high scalability. Built on Polkadot, Polkastarter can take advantage of the cross-chain swap feature, offering the high throughput of the native blockchain while remaining connected to other blockchains for liquidity.
While waiting for the Polkadot mainnet, Polkastarter (POLS) is already operational on Ethereum, Polygon, and Binance Smart Chain.
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How Does Polkastarter (POLS) Work?
In simple terms, Polkastarter (POLS) uses a lottery mechanism, but offers users certain ways to increase their chances of winning an IDO. This platform uses the concept of POLS power, which increases as the number of POLS/LP tokens owned by the user increases. There are 3 ways users can leverage their POLS power:
- Holding POLS: For every 250 POLS you hold in your wallet, you will receive 1 “ticket”. This ticket serves as 1 entry in the whitelist process. Please note that you do not exchange POLS for tickets. The number of POLS only "represents" the number of tickets you received. The more POLS you have, the greater your chances of winning the whitelist.
- Staking POLS: This gives POLS power in the same way as holding POLS.
- Provides Liquidity: Each LP token from the ETH-POLS liquidity pool on Uniswap is equal to 100 POLS, while BNB-POLS on PancakeSwap is equal to 20 POLS. This means for 2.5 ETH-POLS LP tokens or 12.5 BNB-POLS LP tokens (~250 POLS), you will receive 1 ticket. Therefore, similar to holding Polkastarter (POLS), the more LP tokens you have, the higher your chances of being selected.
Additionally, Polkastarter offers 5 POLS Tiers. The mechanism is that the more tickets you have, the greater their value.
- 250+ POLS Power = 1.0x - Each ticket is worth 1 ticket.
- 1,000+ POLS Power = 1.1x - Each ticket is worth 1.1 tickets.
- 3,000+ POLS Power = 1.15x - Each ticket is worth 1.15 tickets.
- 10,000+ POLS Power = 1.20x - Each ticket is worth 1.20 tickets.
- 30,000+ POLS Power = 1.25x - Each ticket is worth 1.25 tickets & No Cooldown (Explanation below).
Therefore, users are advised to use 1 wallet instead of splitting their POLS into different wallets to have a greater chance of being selected.
To increase ecosystem fairness, Polkastarter (POLS) uses a Cooldown Period. This means that after successfully participating in an IDO, users cannot participate in another IDO in the next 7 days.
What is POLS Token?
The POLS token is the native token of Polkastarter. Users must have POLS to be able to participate in IDO on this platform. In the future, more POLS use cases will be announced to the community.
POLS Token Detail Information
- Token Name: Polkastarter
- Ticker: POLS
- Blockchain: Ethereum, Binance Smart Chain
POLS Token Allocation
Just like most other tokens, the total supply of POLS is limited to 100,000,000. This token allocation is divided into several categories with their own percentage of ownership and release schedule, namely:
- Token Sales: A portion of POLS is allocated for token sales through seed sale and private sale mechanisms. Seed sales offer a lower starting price ($0.0125 USD) than private sales ($0.025 USD). The remainder is allocated for listing on Uniswap at an initial price of $0.05 USD.
- Liquidity (Liquidity): An important portion is allocated to maintain POLS liquidity on various DEXs (Decentralized Exchange) . This is done in stages over 16 months to ensure healthy token availability in the market.
- Marketing (Marketing): Marketing funds are allocated to increase awareness and adoption of Polkastarter. These funds will be released in stages over 12 months.
- Team & Founders (Team & Foundational): Allocations for teams and founders are locked for 1 full year. After that, distribution is carried out in stages every quarter for 1 year.
Also Read How to Buy Crypto:
Use of Polkastarter (POLS) Tokens
Currently, POLS has several main functions on the Polkastarter platform, including:
- IDO Incentive: As previously explained, ownership of POLS tokens or LP tokens linked to POLS increases a user's chances of winning the IDO whitelist. The higher the POLS strength, the more "tickets" users get, thereby increasing their chances of participating in the IDO of interest.
- Governance: Although not yet fully implemented, in the future, POLS ownership will give voting rights to its users. They can participate in voting regarding various important decisions regarding the Polkastarter ecosystem, such as new feature development initiatives, selection of potential IDO projects, and so on.
- Staking (Staking): The POLS staking feature is also under development. Later, users can stake POLS to get various benefits, such as prizes from liquidity pools (pool rewards), exclusive access to certain pools (pool access), and the potential for increasing other benefits in the Polkastarter ecosystem.
The Future of Polkastarter (POLS)
Polkastarter continues to strive to become the leading IDO platform by offering various advantages for crypto projects and retail investors. The upcoming full integration with Polkadot is believed to further improve the platform's scalability and efficiency.
In addition, the development of POLS governance and staking features has the potential to create a more decentralized ecosystem and provide greater control to users. With this ambitious development plan, Polkastarter (POLS) has bright prospects for continued growth in the future.
Conclusion
Polkastarter has been a pioneer in popularizing the IDO method as a more efficient and inclusive fundraising alternative in the crypto world. The unique POLS power mechanism means users have more control in increasing their chances of participating in potential IDOs.
With a solid development plan and a growing community, Polkastarter (POLS) has the potential to continue to grow into a leader in the IDO space.
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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