How to Buy Polkastarter
When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Polkastarter and help you discover other crypto similar to Polkastarter.
Create a Coinbase account to buy and sell Polkastarter on the most secure crypto exchange.
Not enough data
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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.
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).
(POLS) is a decentralized fundraising platform built for cross-chain pools and auctions. The network aims to allow projects to raise capital on a decentralized and interoperable environment based on , , Network, and several other .
Additionally, the platform allows 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 , in 2019, during the first initial decentralized exchange offering (IDO) on Binance , 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 pool. As a result, many investors influenced the crypto price by buying the entire pool in one swap. They increased the (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 (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, was developed with the possibility of making both cross-chain swaps and fixed swap pools (powered by the 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
Token pools, including Dutch and sealed-bid auctions
Governance: Token holders can vote on product features, types of auctions, token utility, and which projects get featured by Polkastarter.
Fees: Transaction fees to be paid in 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.
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, 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.
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.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The price of 1 Polkastarter currently costs $0.38.
The current market cap of Polkastarter is $37.50M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Polkastarter is $7.51. This all-time high is highest price paid for Polkastarter since it was launched.
Over the last 24 hours, the trading volume of Polkastarter is $3.34M.
The current circulating supply of Polkastarter is 99 million.
The median time that Coinbase customers hold Polkastarter before selling it or sending it to another account or address is 6 days.
Polkastarter ranks 184 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.