Polkastarter

What is Polkastarter?

The Polkastarter token or POLS is official currency belonging Polkastarter Platform. The latter is a fully decentralized fundraising platform built on top of Polkadot.

POLS has several use cases. He serves governance token. POLS holders can participate in the governance process by staking their tokens and voting on proposals. It also gives them the opportunity to submit their own proposals. Essentially, POLS tokens make it possible to determine the future development of the Polkastarter crypto project.

The Polkastarter token is also required for transaction fee coverage.

POLS is based on ERK-20 token standard. It was successfully launched on Uniswap, where the price of POLS increased by over 750% in just 24 hours.

Unfortunately, Polkastarter found itself in a difficult situation as fake POLS tokens were being sold on Uniswap by attackers at the same time as the official launch of POLS. This resulted in a loss of approximately $30,000 in investment.

Anyone can purchase POLS tokens through major supported exchanges. You can check out our recommended list of exchanges in the section above.

The maximum limit is 100,000,000 POLS tokens. This could mean that as POLS tokens become more scarce, the price of POLS will rise.

The Polkastarter token was distributed as follows:

• 27.5% – Private sale;
• 22.5% – Liquidity Fund;
• 15% – Sale of seeds;
• 15% – Marketing Fund;
• 10% — founding team and consultants;
• 10% – reserve of the Polkastarter fund.

The founding team, advisors and fund reserve tokens are locked for a certain period of time.

Since POLS is a cryptocurrency, its price tends to fluctuate. To make an informed purchasing decision, check out Polkastarter price history or the current POLS price in the chart above.

What are the main features of Polkastarter?

Polkastarter is decentralized crowdfunding platform for blockchain-based projects. It was initially deployed on Polkadot.

Her success is quite obvious. In just 2 years, Polkastarter managed to fund more than 100 projects and raise almost $50,000,000.

As discussed in the “What is Polkastarter” section, Polkastarter was created on top of Polkadot. There were several reasons for this choice, but the main ones remain speed, scalability and compatibility.

The main feature of Polkastarter is its exclusive Fixed exchange pool What allow Initial Dex Offerings (IDO). Simply put, it allows projects to list their own tokens at a fixed price. This provides many benefits such as cost reduction and serves as a preventive measure against carpet pulling, token dumping, and unfair token distribution.

Anyone can receive the latest news about new pools by subscribing to the Polkadot Telegram channel.

Polkastarter also has features liquidity extraction whose main goal is the daily distribution of its own POLS token.

Some of its other features include private fundraising options, whitelisting, and even unauthorized list. The latter means that anyone will be given the opportunity to list their tokens on Polkastarter. Simply put, the POLS token will not be needed to create unauthorized lists.

While Polkastarter users who don’t keep pols will miss out on exclusive opportunities participate in additional IDOs.

On the other hand, private fundraising involves private pools protected by passwords. Only whitelisted users have access to these private pools. How users can get into the white list is decided by the creators of the project themselves.

When it comes to security, Polkastarter uses Covalent. Mainly it serves anti-fraud measures by providing data downstream to investors. This way they can confirm whether token contracts are legitimate or not.

Polkastarter has managed to establish strong partnerships with major players in the crypto industry, including Covalent, Moonbeam, Orion Protocol and Shyft.

Who developed the Polkastarter?

The Polkastarter crypto project was launched in 2020. It is a Portuguese fundraising platform founded by a team of technology entrepreneurs. Daniel Stockhaus, Miguel Leite And Thiago Martin.

Daniel Stockhaus – CEO of Polkastarter with many years of experience https://staging.bitgrade.org/cryptocurrency-prices/tomochainerience in digital marketing. He holds a BA in Communications and Media Studies and is the co-founder of several technology companies, including e-commerce platform liGo and digital marketing agency Oliphaunt Ltd.

Likewise, Miguel Leite is a technology entrepreneur with experience in journalism and marketing. He received a bachelor’s degree in journalism from the NOVA University of Lisbon and worked as a journalist for more than three years before moving to a marketing position. He currently serves as Polkastarter’s Chief Operating Officer.

Polkastarter is not the first blockchain-based project in which Leite has been involved. He was part of the founding team of Coinvision and BEPRO Network. In addition, Leite is the co-founder of non-cryptocurrency platforms including FullFlex Interactive Media, Punch and Tradiio.

The Polkastarter crypto project would not be the same if it weren’t for Thiago Martins. He is the only founding member with a background in computer science. He applied this knowledge where it really matters, working in Professor of Computer Science.

Martins advises up-and-coming blockchain projects including BEPRO Network, Talent Protocol and Utrust. Before launching Polkastarter, he co-founded Codeplace.com, a coding education platform. Martins currently serves as CTO at Polkastarter.

In addition to the co-founders, Polkastarter is supported by a team of over 30 industry experts.

Polkastarters is backed by renowned venture capital firms including Astronaut Capital, DFG, Kyros Ventures, Moonrock Capital, NGC Ventures, Signum Capital, SRC Capital and Vendetta Capital.