Polkastarter emerges as a preferred platform due to the advantages offered to its users. Some investors get their investments into POLS tokens due to their trust in the project. However, the situation may have changed somewhat due to the recent declines. Here we will wxplain Polkastarter in detail, stay tuned.
What is Polkastarter (POLS)?
POLS, the network’s cryptocurrency, increases the chances of participating in upcoming token sales. It was necessary to have at least 1,000 POLS for joining the buy list, previously called the white-list. With a recent announcement, this amount has increased to 3,000 POLS.
It is not enough to have only 3,000 POLS to participate in the new token sales, namely IDOs, which have a basement on the Polkastarter platform. In addition, for each token sale, the relevant projects may have different conditions. In auctions, the maximum possible amount to purchase is determined in advance.
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A brief review on Polkastarter Coin
Through Polkastarter, blockchain projects can easily create their cross-chain swap pools, allowing them to raise funds securely, and users can invest risk-free as swaps are handled automatically by smart contracts.
POLS is the native utility token of the Polkastarter platform and plays several roles in its ecosystem, used for liquidity mining, governance, payment of transaction fees, and eligibility to participate in POLS-only pools.
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The platform first went live in December 2020 and grew to become one of the most widely used platforms for initial DEX offerings (IDOs). As of February 2021, Polkastarter is running on the Ethereum Blockchain but will eventually migrate to the Polkadot manner.
The chief offering of the Polkastarter Coin is its fixed swap smart contract, which allows projects to launch liquidity pools that execute orders at a fixed price rather than using the AMM model popularized by Uniswap.
This platform has a design that can handle various types of auctions: closed bid, peer auctions, fixed or dynamic rate swaps, a suitable platform for crypto projects, raising funds, as well as a variety of other use cases, including private transactions, OTC deals, and discount sales.
Beyond that, other key features of the platform include permissionless listings, fraud prevention capabilities, full KYC integration, and liquidity mining.
Polkastarter has a team of executives with over three decades of combined experience in technology firms. Daniel Stockhaus and Tiago Martins co-founded the Polkstarter Coin. They currently hold the roles of CEO and CTO, respectively, at Polkastarter.
What is the next step in the Polkastarter Coin market?
The next step is to integrate Avalanche. One of the goals of Polkastarter is to achieve a multi-chain platform. It just has announced its integration with Avalanche. This advancement is the first on crypto-slate.
Polkastarter Coin price
According to Coin Market Cap data, the Polkastarter coin, which was traded at 0.9647 USD against the dollar at the time of publication, also has gained a trading volume of 0.00003058 BTC against Bitcoin (BTC). It is worth noting that the Polkastarter coin hit a high of $7.51 on February 16, 2021, and a low of $0.99 on November 29, 2020.
In addition, it is among the statements made that the total supply of POLS coins will be 100,000,000 POLS Coins.
As of the writing of this article, POLS Coin is trading at $0.59 and is the 252nd largest cryptocurrency. It is possible for POLS, which has gained incredible momentum in social media, to increase its success with its price, along with the continuation of IDO sales.
How to Participate in POLS Coin Projects?
The steps to participate in Polkastarter IDOs are simple:
- Go to the Polkastarter site and link the wallet you are using.
- Then, select the token sales that are still open for purchase, and click on the -Join Pool- statement.
After reading and accepting the terms, review the minimum and maximum investment amounts.
- Specify how much ETH you want to send and click Join Pool again.
- Confirm the transaction from your wallet and check your tokens in the wallet when the pool is ready to act.
- The best advice is to get in contact with Bitunivex professional team; every phase of the process will advance automatically and securely.