Polkastarter is a launchpad that lets blockchain teams and organizations fund and launch projects that can use to grow communities and raise money based on Polkadot. This platform’s utility and governance token is known as POLS. The platform is used for blockchain fundraising, and the Ethereum network powers it. Its interoperable environment is based on Ethereum, Binance Smart Chain, Matic Network, and other blockchains. Its tokens can be used to pay for transactions and vote on and propose upgrades.
Briefly about Polkastarter
The platform was co-founded by Daniel Stockhaus, Tiago Martins, and Miguel Leite. This cross-chain protocol lets projects launch token sales on multiple blockchains. IDOs use the platform since they found it hard to reach the high costs as they were not liquid enough. The tokens can be used as a means of payment for businesses and services. Also, the tokens can be used to make utility payments.
Get early access to the ideas of tomorrow with Polkastarter and their launchpad.CryptoLists.com
POLS is the token powering Polkastarter, the blockchain platform with cross-chain token pools. The platform is ideal for startups and blockchain projects that want to raise capital and facilitate the movement of their tokens simultaneously. It is unique as it provides businesses with a free platform for their projects. The platform is fully decentralized and complies with blockchain launchpads and digital asset projects. The selection process of its IDO and its network interoperability enables projects to receive a chance to launch ideas and receive support. The platform increases a project’s exposure, as it lets people tap into the ecosystem and expand their connections in a community of advisers partners. This platform supports various sap pools that make crypto projects seek funding and promote full KYC incorporation. It has evolved into one popular venue for initial DEX offerings (IDOs) that will eventually transfer to the Polkadot main net. The decentralized exchange facilitates blockchains to exchange and utilise information. There is a decentralized finance protocol for organizations to fundraise via a cross-chain pool of tokens. This decentralized environment keeps funds safe. Any DEX can list tokens on the platform, and raise funds via a sealed-bid auction. Users of the platform trade assets without restrictions of standards such as ERC-20 or BEP-20.
Utility of Polkastarter?
The token is unique and has various features that make people gain several advantages from the token. With the adoption of the token, people who have fundraising projects are flexible and convenient to make payments. Also, the value of the token grows within the token network.
The token provides anonymity and security for its users and protects their information and transactions. The users can control their funds at all times. Also, the platform is fast and efficient, making the users facilitate the transactions easily. There are also low fees on the platform; hence, it attracts more users. The utility token has significant use, including:
The network is well trusted, and it promotes the features that the utility token uses to promote its uses. The functionality has a great technology that lets people switch between different blockchain protocols, thus enabling interoperability across blockchains, making users swap tokens from any network.
Due to its rapid transaction rate, it can process 160,000 transactions per second. Also, the coin is a governance token that any holder can vote on. Holders vote on the following:
+Various auction types
+Utility of the token
+Relevant changes to product features.
Additionally, the token eases protocols of different blockchains to share data. The interoperable token pools bring cheap transactions and user-friendly designs to make it easy to move assets between blockchains.
The token expands the fundraising space for crypto projects to facilitate crowdfunding. Buyers benefit from the token as it has a discount via the auction. They can access an extensive KYC integration and will soon be governed by a completely functioning DAO.
Polkastarter Price detailsERC20 Contract address: 0x83e6f1e41cdd28eaceb20cb649155049fac3d5aa
›› POLS tokenomics and social media
Advantages at Polkastarter+ It can operate with different blockchain protocols
+ It has a listing of tokens
+ It provides a cross-chain swap of the tokens
+ It is a free-to-use platform
Disadvantages- The token has a high price volatility.
- The token is prone to corruption as governments can misuse their power
- It is complex for the average user
- It can result in an excessively powerful government.
Costs▪ Rated at 8/10
Making transfers with the platform is a rapid process, as it facilitates approximately 160,000 transactions per second, and the speed can be higher. As for the transaction costs, one needs to have at least 250 tokens to enter the raffles, as that is the transaction cost of one ticket. There is no straight fiat to its token’s trading pairs; hence one needs to buy BTC via fiat and then swap it for the token.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 9/10
The coin has a good reputation as it sets a high bar for DEX projects as it has fixed swaps instead of automated market-making. The platform is common among crypto projects and startups looking to raise funds to grow the business. Online social media platforms speak on the coin and give insights into how people can grow their projects via this platform.
Also, if users wish to complain, the platform provides support through customer service; therefore, people find their service reliable.
Where can you buy the token?
The token is available in several prominent cryptocurrency exchanges. Some of these include:
Is the platform safe?
The platform is on the Ethereum network that protects it with its massive proof-of-work hashing mechanism to protect the network.
Screenshots from Polkastarter
More sites where to buy/sell/trade PolkastarterBelow you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
Polkastarter details and tokenomics
BSC Contract address: 0x7e624fa0e1c4abfd309cc15719b7e2580887f570