About Polkastarter (POLS)
Polkastarter (POLS) Be the first to join Polkastarter, a Protocol built for cross-chain token pools and auctions,enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. Cheap transactions, secure ultra-fast swaps, user-friendly design and the possibility to buy and move assets between blockchains.
Polkastarter (POLS) are building Polkastarter as the next step for truly interoperable DeFi. A Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.
In order to leverage advantages, smooth interoperability between various networks is a key to success. The killer feature of Polkastarter is the possibility of making cross-chain swaps, powered by the Polkadot ecosystem, which can provide higher throughput for faster and cheaper transactions while staying connected to the Ethereum Network and other blockchains for liquidity. Other features include permissionless listings, token swaps by smart contract, private pools with password, whitelisting and high slippage price alerts. Pools will have several types of swaps, including fixed ratio swaps, dynamic ratio swaps, dutch auctions and even sealed-bid auctions.
Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard. The future is decentralized. The future is interoperable. The future is Polkastarter.
Polkastarter (POLS) Storage Key Points
|Circulating Supply||70,133,982.00 POLS|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Polkastarter Startups and projects can raise funds on Polkastarter’s interoperable and decentralized infrastructure. This technology can also have other applications, including closed OTC deals with password protection, discounted sales with whitelisted addresses and even be used for crowdfunding in the future.
The adoption of DeFi (Decentralized Finance) solutions has finally arrived with hugely successful projects like Uniswap and Compound bringing billions of trading volume to the cryptocurrency market, while taking an increasing market share from the centralized exchanges. This success comes with a number of great challenges, especially in terms of scalability, with Ethereum network fees skyrocketing and slow platform performances, which leaves end-users frustrated. Users are demanding cheap transactions, secure ultra-fast swaps, user-friendly design and the possibility to buy and move assets between blockchains. The future of decentralised finance won’t be tied to one chain and interoperability is already becoming the must-have feature of the DeFi future.
Polkastarter Growth compared to 2019 H1 2020 saw $5,1 Billion in DEX volume, 5x from the first six months of 2019. Aggregate trading volume on decentralized exchanges reached $11.6 billion in August, up from $4.5 billion in July as the intense enthusiasm for decentralized finance (DeFi) applications continued to spread. Tightening regulations for centralized platforms and the hype surrounding DeFi are pushing DEX trading activities to new heights.
Detailed Roadmap 2020 & 2021
Polkastarter are excited to release the initial technical roadmap. Will also outline the Polkastarter platform and the plans for the future. The final version of Polkastarter will enable Polkadot-based token pools so projects can raise capital in a decentralized and interoperable environment. However, to fully reach the vision, since Polkadot is not ready for the deployment of smart contracts, Polkastarter’s roadmap will have two separate phases.
Phase 1 will start with the launch of a minimum viable product (MVP) on the Ethereum network. The goal of this phase is to test the swap and token sale dynamics, gather user feedback, and prepare a robust infrastructure that can be migrated to Polkadot. With a variety of EVM-compatible Polkadot projects competing to be parachains, thye are confident that work on Ethereum will enable us to bootstrap development work on Polkadot. Phase 2 will see the full launch of the working product on the Polkadot environment, enabling Polkadot projects to raise funds in DOT or any other Polkadot-based tokens that the project chooses to raise in. their vision is for Polkastarter to offer cross-chain pools and token sales, by taking advantage of Polkadot’s bridges such as BTC, ETH and USDT.
Polkastarter MVP Core Features
In the past few months, we’ve been actively developing the first version of Polkastarter on Ethereum. The goal for the MVP is to be a fully working fixed swap platform for ERC20 token pools, creating a marketplace that links pool creators and liquidity providers. Pool creators will be able to create and launch fixed token swaps in a permissionless environment. Liquidity providers will be able to earn and transact in these new tokens. Community incentives such as liquidity mining will be live from day one to bootstrap network effects. their strong and growing Polkastarter community will be incentivized to improve the usability and interface to optimize the platform experience before launching in Polkadot’s environment.
Polkastarter MVP Core Features
Polkastarter Fixed Swap Pools From our homepage, users can explore and participate in several token pools. These will be fixed swap pools, in which two or more parties exchange a fixed amount of tokens for a predetermined price. In this initial prototype, pool creators will be able to enter pool details like token contract address, name of the pool, limit per address, type of pool access (public, private, whitelist) and, finally, token price.
They are starting with fixed swap pools because they solve one of the biggest problems in automated decentralized exchanges like Uniswap. While these exchanges are great for day-to-day spot trading, they don’t work that well for token sales. It’s usually impossible to get the initial listed token price because bots buy up all the initial liquidity. On the other hand, Polkastarter Fixed Swaps will enable a stable, organized, and fair token swap infrastructure.