Polkastarter is a new Protocol built for cross-chain token pools and auctions. This name has become famous in recent days, following the launch of version 1.0 BETA on December 15th, 2020, thanks to a number of successful IDOs that have attracted thousands of interested users. Among the most famous are: PolkaCover, MahaDAO, Nord, Tenet, YOP Finance, TosDis Finance, Paid Network and so on. Among those coming soon are Bridge Mutual (in 3 days) and Butterfly Effect (in 8 days). Let’s take a closer look at what Polkastarter is and how it works.
Polkastarter – What is it?
Polkastarter is a website that allows users to create pools, i.e. fundraisers where some lucky winners will be able to take home new tokens in exchange for Ethereum. There are two different types of pools, Standard Pools and Atomic Pools. Let’s take a look at the differences:
Standard Pools: As you can guess from the name, these pools are able to collect funds and send the purchased tokens at the end of the IDO. In short, a bit like all token presale platforms do.
Atomic Pools: In this case, there is a novelty: after sending ether, you will immediately receive the tokens you paid for, without having to wait for the end of the pre-sale to have access to your tokens. In short, a pre-sale that is a little different from those to which we are accustomed, and which will certainly be very successful.
To participate in the various pools simply connect to the website Polkastarter.com, click on the desired pools and connect a web3 Ethereum wallet such as MetaMask. The site is completely trustless and does not gain access to your funds, so don’t be afraid to connect your wallet. Usually, only small parts of the supply of the various projects are sold in these pools, so there are maximum investment limits of a few hundred dollars (in ether). This is very positive as there is no risk that a few whales can control the performance of the token after the official launch on Uniswap or another DEX.
Many of the pools launched so far are products designed for Polkadot, an innovative blockchain that has now reached fourth place on CoinMarketCap in terms of market cap. This suggests that many of these products will undoubtedly succeed by exploiting the popularity of Polkadot and its token, DOT. For example, PolkaCover (CVR) was listed at 0.08 cents on PolkaStarter and then soared on Uniswap to settle at 0.40 cents. Same story for Paid Network (PAID), listed at 0.048 cents and for days now stable at 0.40 cents!
The POLS token by Polkastarter
Polkastarter has also launched its own token called POLS. This token is useful for gaining privileged access to future pools as there are often IDOs where you need to hold 1000 POLS tokens to participate! The Max Supply of the token is 100 million units, while the current price is approximately $1.11. The lowest price was 0.11 cents, while the highest price is currently $1.69.
Unlike many projects and tokens listed recently, POLS is not only tradable on Uniswap but also on some very respectable centralized exchanges, such as MXC and Huobi (one of the world’s top 5 exchanges by volume). With such high popularity, the token will surely be tradable on many other exchanges and its value will increase dramatically. So perhaps now is the right time to buy the 1000 POLS required to get access to the next Pools available on Polkastarter.