{"id":15583,"date":"2023-02-25T21:09:56","date_gmt":"2023-02-25T21:09:56","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=15583"},"modified":"2022-09-20T03:52:20","modified_gmt":"2022-09-20T03:52:20","slug":"what-is-polkastarter-pols-decentralized-crowdfunding","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-polkastarter-pols-decentralized-crowdfunding","title":{"rendered":"What is Polkastarter (POLS)? Decentralized crowdfunding!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-polkastarter-pols-decentralized-crowdfunding\/#history_of_polkastarter\" >History of Polkastarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-polkastarter-pols-decentralized-crowdfunding\/#how_does_polkastarter_work\" >How does Polkastarter work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-polkastarter-pols-decentralized-crowdfunding\/#what_are_fixed_swap_pools\" >What are Fixed Swap Pools?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-polkastarter-pols-decentralized-crowdfunding\/#what_is_polkastarter_gaming\" >What is Polkastarter Gaming?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-polkastarter-pols-decentralized-crowdfunding\/#what_is_idos_farming\" >What is IDO&#8217;s Farming?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p><strong>IDOs or DEX Initial Offerings<\/strong> are about a <strong>crowdfunding<\/strong> method in the blockchain arena that is becoming increasingly popular. Among the most popular IDO platforms, Polkastarter has been gaining wide recognition due to its scalability and interoperability.<\/p>\n<p>Polkastarter is a fully decentralized <strong>fundraising<\/strong> platform that enables blockchain users and companies to fund and launch their projects. <strong>Polkastarter<\/strong> excels at empowering projects with the goal of creating multi-chain <strong>token pools.<\/strong> With this platform, blockchain projects can<strong> increase their exposure and grow their communities<\/strong>, as well as connect with a pool of advisors and collaborators.<\/p>\n<p>The platform has a <strong>native utility token called POLS<\/strong> that aids governance on the platform and is used for participation in IDOs. In addition, with this token users can do POLS holding or staking to increase their POLS Power.<\/p>\n<p>In this article we tell you all about <strong>what Polkastarter is and how it works.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"history_of_polkastarter\"><\/span>History of Polkastarter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Polkastarter&#8217;s history has its beginnings in <strong>2020<\/strong>, when the platform was founded. Its founders are <strong>Daniel Stockhaus, Tiago Martins and Miguel Leite<\/strong>. Those founders launched the platform with the goal of creating an IDO <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-crypto-launchpad\">launchpad<\/a> geared towards decentralized, multi-chain token pools. <strong>Polkastarter<\/strong> offers cryptocurrency startups the possibility to raise capital in a fixed swap pool and distribute their new tokens to early stage investors.<\/p>\n<p>This platform, during the first quarter of this year alone, has helped more than 100 projects in fundraising, generating a capital of more than <strong>45 million dollars<\/strong>. This has been achieved through public and private sales. In addition to IDOs, the platform also enables crypto game <strong>launchpads<\/strong>, metaverse land sales, among other <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/guide-to-successfully-minting-an-nft\">NFT<\/a> sales.<\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-13046 aligncenter\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/06\/polkastarter-3.jpg\" alt=\"polkastarter\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/06\/polkastarter-3.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/06\/polkastarter-3-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how_does_polkastarter_work\"><\/span>How does Polkastarter work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we have already mentioned above, Polkastarter is a <strong>decentralized, multi-chain fundraising platform<\/strong> that stands out for offering low transaction fees. Thanks to this platform, new projects can afford to <strong>launch<\/strong> on numerous <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/10-blockchain-use-cases\">blockchains<\/a>. Some of these blockchains can be <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-ethereum-eth-and-how-does-it-work\">Ethereum<\/a>, <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-polygon-the-eth-scalability-solution\">Polygon<\/a>, <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-celo-network\">Celo<\/a> or <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-and-how-it-works-avalanche-avax\">Avalanche<\/a>.<\/p>\n<p>Projects can accept in<strong> IDOs any type of token compatibl<\/strong>e with these blockchains during IDO sales.<\/p>\n<p>Polkastarter offers numerous features. <strong>These include fixed swap pools, IDO farming, Polkastarter Gaming, among others<\/strong>. We will look at them in more detail below.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_are_fixed_swap_pools\"><\/span>What are Fixed Swap Pools?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fixed Swap Pools are a key <strong>feature<\/strong> of the Polkastarter ecosystem. Fixed Swap Pools differ from the <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-an-automated-market-maker-amm\">Automated Market Maker (AMM)<\/a> model adopted by <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-uniswap\">Uniswap<\/a> and decentralized exchanges (<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/uniswap-2020-guide-the-most-used-dex-of-ethereum\">DEX<\/a>) in that Polkastarter&#8217;s liquidity pools carry out swap orders at a fixed price.<\/p>\n<p>Generally, in <strong><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/5-defi-from-bitnew-strategies\">DeFi&#8217;s<\/a> AMM pools,<\/strong> token prices are dynamically adjusted according to market supply and demand. This system often results in <strong>high volatility<\/strong> and price fluctuations. In order to stabilize these prices, the Polkastarter platform allows projects to publish their new tokens at fixed prices. The price set by the project will be maintained as long as there are tokens left in the original supply.<\/p>\n<p>In addition, projects will also have the ability to <strong>configure pools<\/strong> with additional parameters to exercise more control over <strong>pool fundraising<\/strong>. An example of what the project will be able to do is to control the maximum investment per user, as well as the number of investors admitted to a pool. It should be noted that all this process will be carried out by <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-smart-contract\">smart contracts<\/a> in charge of guaranteeing a fair and transparent <strong>distribution of the token<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_is_polkastarter_gaming\"><\/span>What is Polkastarter Gaming?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the new features launched by the <strong>Polkastarter platform was Gaming Guild or PGG. PGG<\/strong> was launched with the goal of helping the platform adapt to the growing popularity of <strong>play-to-earn (P2E)<\/strong> gaming. The goal of this launch is to connect <strong>GameFi<\/strong> <strong>projects<\/strong> and gaming enthusiasts from anywhere in the world.<\/p>\n<p>Polkastarter Gaming launched a fund totaling <strong>$2 million<\/strong> with the goal of supporting <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-the-metaverse\">metaverse<\/a> projects with a promising future. Another goal of the <strong>Polkastarter Gaming Guild (PGG)<\/strong> was to offer grants to help new play-to-earn users navigate the metaverse. These users will have the possibility of other play-to-earn <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-an-ido\">IDOs<\/a> in the future and the launch of an <strong>NFT marketplace<\/strong> platform.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-13056 aligncenter\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/06\/polkastarter-1.jpg\" alt=\"polkastarter\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/06\/polkastarter-1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/06\/polkastarter-1-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_is_idos_farming\"><\/span>What is IDO&#8217;s Farming?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Generally, users participating in IDOs usually make a full<strong> withdrawal<\/strong> of their tokens immediately after the initial distribution. All this with the aim of selling the tokens in the market. This situation causes <strong>high volatility<\/strong> in the price of the asset. In order to provide a solution to this problem, Polkastarter released the Polkastarter V3 update. This update included <strong>IDO <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-yield-farming-of-cryptocurrencies\">farming<\/a><\/strong>.<\/p>\n<p>IDO Farming is a feature that<strong> encourages the <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\">staking<\/a><\/strong> of newly acquired <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-an-ido\">IDO<\/a> participants&#8217; tokens in exchange for additional <strong>rewards<\/strong>.<\/p>\n<p>This update was developed with the main objective of achieving a<strong> reduction in the sale of tokens<\/strong>. Its operation is very similar to other staking farming. The longer the deposit remains in <strong>staking<\/strong>, the greater the number of rewards the user will receive. With each user who withdraws his deposit, the <strong>APY<\/strong> of the pool will go up and will give the <strong>stakers<\/strong> who stay in the pool an even higher return.<\/p>\n<p>It is worth noting that Polkastarter also includes a<strong> list of admissions<\/strong>. This model is known as <strong>KYC<\/strong> and is intended to increase <strong>security<\/strong>. This KYC feature allows only those users who have been previously <strong>verified<\/strong> to participate in IDOs. Each project can design the KYC requirements that users must complete before they can <strong>participate in IDO<\/strong>s. Projects can also place restrictions on participants from certain<strong> geographic regions<\/strong>. This gives the team <strong>flexibility and contro<\/strong>l over the list admission process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>IDOs or DEX Initial Offerings are about a crowdfunding method in the blockchain arena that is becoming increasingly popular. Among the most popular IDO platforms, Polkastarter has been gaining wide recognition due to its scalability and interoperability. Polkastarter is a fully decentralized fundraising platform that enables blockchain users and companies to fund and launch their [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/15583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=15583"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/15583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/13052"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=15583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=15583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=15583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}