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Polkastarter

POLS

Price
$0.38
12/2/2022, 9:28:44 PM
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Market

Market stats

Market cap

$37.5M

Volume (24h)

$3.3M

Circulating supply

99.2M POLS

Typical hold time

6 days

Trading activity

Not enough data

Popularity

#146

All time high

$7.51

Price change (1h)

-0.25%

Price change (24h)

+4.03%

Price change (7d)

+8.64%

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Polkastarter is on the rise this week.

The price of Polkastarter has risen by 8.64% in the past 7 days. The price increased by 4.03% in the last 24 hours. In just the past hour, the price shrunk by 0.25%. The current price is $0.38 per POLS. Polkastarter is 94.97% below the all time high of $7.51.

The current circulating supply is 99,221,432 POLS.

About

POLS is the token powering Polkastarter, a platform for cross-blockchain fundraising based on Polkadot. POLS can be used to pay for transactions on the platform and can also be used to vote on and propose upgrades. Note: Coinbase currently only supports POLS running on the Ethereum blockchain (ERC-20).

What Is Polkastarter (POLS)?

Polkastarter (POLS) is a decentralized fundraising platform built for cross-chain token pools and auctions. The network aims to allow projects to raise capital on a decentralized and interoperable environment based on Ethereum, Binance Smart Chain (BSC), Matic Network, and several other blockchains.

Additionally, the platform allows cryptocurrency projects to raise funds by setting up a swap pool defined by a fixed purchase rate for tokens (fixed swap pool). With the use of Polkastarter, the platform aims to facilitate decentralized projects to exchange and raise capital economically and efficiently.

According to the Polkastarter documents, in 2019, during the first initial decentralized exchange offering (IDO) on Binance DEX, DEXs had yet to gain much traction in the market. Fast forward to 2020, with DEX’s increased popularity, IDOs became an inexpensive way to get around the centralized initial exchange offering model and thus decreased the initial expense for a project’s token listing on Uniswap. With this, a substantial amount of liquidity was provided to a Uniswap pool. As a result, many investors influenced the crypto price by buying the entire pool in one swap. They increased the gas (cost to perform a transaction on Ethereum) on their wallet to purchase the entire newly created token pools at lower prices. 

The entire process led to wild volatility, and the AMMs (automated market makers) would dynamically adjust the asset’s price based on demand and supply. An automated market maker (AMM) is a decentralized exchange (DEX) protocol on which assets are priced according to a pricing algorithm. Additionally, increasing usage and popularity of platforms reinforced scalability issues. There is an increase in the fees for the Ethereum network followed by slow platform performance, leaving end users frustrated. 

As a solution to the aforementioned problem, Polkastarter was developed with the possibility of making both cross-chain swaps and fixed swap pools (powered by the Polkadot ecosystem). Furthermore, this feature aims to provide higher throughput for efficient transactions while staying connected to the Ethereum Network and other blockchains for liquidity. This has eliminated the scenario of decentralized finance being tied to one chain. With this feature, the platform caters to consumers' demand for cheap transactions, fast and secured swaps, user-friendly design, and ease of buying and moving assets between blockchains. Additionally, Polkastarter has the following use cases:

  • Closed over-the-counter deals with password protection

  • Discounted sales with whitelisted addresses. Whitelisted refers to a list of identified and allowed cryptocurrency addresses, computer programs, individuals, or institutions.

  • Token pools, including Dutch and sealed-bid auctions

  • Crowdfunding

Lastly, POLS token is the native token of Polkastarter. Within the network, the token aims to offer the following utility:

  1. Governance: Token holders can vote on product features, types of auctions, token utility, and which projects get featured by Polkastarter.

  2. Fees: Transaction fees to be paid in POLS

  3. Staking for pool rewards and pool access

  4. Liquidity mining

History of Polkastarter (POLS)

Daniel Stockhaus, Tiago Martins, and Miguel Leite are the founders of the Polkastarter. Stockhaus is the CEO and a serial tech Entrepreneur. Martins is the CTO and a passionate product builder. Miguel Leite is a blockchain enthusiast and an Ethereum maximalist.

How Are Polkastarter (POLS) Tokens Staked? 

Instead of keeping POLS tokens in the wallet, staking enables POLS token holders to stake their tokens on-chain.

  • Staking for Pool Access

In the case of high-demand pools, there can be limited access to the network and liquidity contributors. Whitelisting and password protection could provide additional limits. Nevertheless, POLS tokens can be used as a coordinating mechanism to align the interests of the entire Polkastarter community. Therefore, the community members must stake POLS tokens to access certain token pools.

  • Liquidity Mining

To incentivize participation in daily token pools, the platform envisions launching a liquidity mining program concurrent with MVP launch on Ethereum. The platform aims to give out a fixed amount of POLS tokens daily through this program. All liquidity providers will receive the token on a pro-rata basis. 

Additionally, liquidity providers can claim their token rewards after 24 hours and have seven days to claim their reward tokens on the platform dashboard. Unclaimed POLS will be sent back to the rewards pool for later distribution.

How Many Polkastarter (POLS) Are There?

The total supply of the POLS token is 100 million.

How to Buy Polkastarter (POLS)

The POLS token can be purchased through centralized exchanges, including Coinbase.

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FAQ

What is the current price of Polkastarter?

The price of 1 Polkastarter currently costs $0.38.

What is the market cap of Polkastarter?

The current market cap of Polkastarter is $37.50M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Polkastarter?

The all-time high of Polkastarter is $7.51. This all-time high is highest price paid for Polkastarter since it was launched.

What is the 24 hour trading volume of Polkastarter?

Over the last 24 hours, the trading volume of Polkastarter is $3.34M.

What other assets are similar to Polkastarter?

Assets that have a similar market cap to Polkastarter include Alpaca Finance, HUSD, Wanchain, and many others. To see a full list, see our comparable market cap assets.

How many Polkastarter are there?

The current circulating supply of Polkastarter is 99 million.

What is the typical holding time of Polkastarter?

The median time that Coinbase customers hold Polkastarter before selling it or sending it to another account or address is 6 days.

What is the relative popularity of Polkastarter?

Polkastarter ranks 184 among tradable assets on Coinbase. Popularity is currently based on relative market cap.