What Is Polka train (POLT)?

What Is Polka train (POLT)? Complete Guide Review About Polka train.

What Is Polka train (POLT)?

Polka train, as a new generation of decentralized IDO platform, will provide Polkadot ecological projects with three kinds of exchange pools: fixed interest rate, LBP which is liquid bootstrapping pool, bounce raising. Only projects voted by polkatrain Committee and Dao community can launch IDO auction. Polkatrain only supports DOT and POLT for auction.

With a maximum supply of 11,000 tokens and low emission, $Terra farming is designed to last over a month, and in DEFI, that’s is a long time if there is no use case or a reason to HOLD the tokens, and to make this ecosystem a profiting protocol to the community, they created #Platetectonics strategy. So rather than creating a new layer on the same chain in a week or two, they are giving the community a reason to HOLD their liquidity longer as an exclusive right to access a private sale of $Terra on a new chain weekly.

Polka train Storage Key Points

Coin BasicInformation
Coin NamePolka train
Short NamePOLT
Circulating SupplyN/A
Total Supply10,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Apply for IDO

Polka train mission is to connect Polkadot projects and individual investors, help Polkadot projects to solve the problems of lack of funds and resources, and individual investors can get tickets to participate in high-quality Polkadot projects conveniently, quickly, and fairly.Click to fill in and you will be informed by email within 1 to 2 work days, exclusive personnel will connect with you.

Projects on Polkadot ecology submitted metrials in GitHub project library, and all users conduct the first round of project audit. Polkatrain committee will conduct the second round of audit, it takes investment institutions, project quality, business model, token mechanism, team and community activity as the audit criteria. The projects passed the review could do IDO officially on Polkatrain.

Sustainable multi-chain Strategy

From all indications, the current layered farming protocol is suffering a long term use, as most farms now struggles after the first two days, even KYC, Audit and significantly marketed projects now are not exempted from this chaos. As a team, they have done several research, studying many strategies explored in the past few months and your conclusion birthed a brand new approach to this menace.

Before they break down #Platetectonics, it is important to understand the essence of yield farming, which is a way of trying to maximise a rate of return on capital by leveraging different DeFi protocols. Yield farmers try to chase the highest yield by switching between multiple different strategies. If the strategy doesn’t work anymore or if there is a better strategy available the yield farmers move their funds around.

Liquidity mining plays a big role in yield farming to such an extent that sometimes these two concepts are used interchangeably. Liquidity mining is a process of distributing extra tokens to the users of a protocol and if the mining process is not sustainable, we see a decline in price and sometime death of the project.

Farming $Terra

Polka train will pre-mint 80 tokens, 50 tokens will be paired with USDC.e and WAVAX as initial liquidity, this initial liquidity will be locked with our rugdoc-based lockout contract. The remaining 30 tokens will be offered as airdrop to qualified holders of the current chain LP (See it as NFT private sale). 30 token is an extreme limited amount, so it will be a case of first come first serve basis, the people who complete the whitelisting task earliest get selected for airdrop before the people who arrive later.

Allocation of Private Sale Funds

The collected Polka train, FTM and USDC will be use to front run $TERRA on the new chain and generate a positive ROI for the community. Airdrop will be done after initial liquidity is added on the new chain, and it will be dropped according to how early you complete the task, meaning the first to complete the task get their airdrop first and it will done every 30 minutes after the launch. This way, the airdrop for 30 tokens will be completed within the first 15 hours after launch.