Polkadot's popularity as a blockchain ecosystem has paved the way for an array of applications and protocols to flourish on its backbone. However, many of these projects require substantial funding to thrive. Recognizing this vital need, Polkastarter launched a decentralized launchpad to directly connect startups with investors. It streamlines the fundraising process and unlocks new opportunities for entrepreneurs and investors, playing a vital role in the growth and success of innovative ventures in the blockchain space.
What is Polkastarter
Polkastarter is a decentralized launchpad built on the Polkadot network. It provides a platform for startups to raise capital and for investors to discover promising projects and participate in token sales. By leveraging Polkadot's scalable and interoperable blockchain infrastructure, Polkastarter aims to eliminate the traditional barriers associated with fundraising, such as high costs, limited access, and centralized control. With Polkastarter, projects can launch tokens and raise capital in a decentralized and permissionless manner, while investors gain early access to promising projects and potential token appreciation.
The Polkastarter team
Polkastarter was founded by a team of entrepreneurs, developers, and blockchain enthusiasts. Led by CEO Daniel Stockhaus and CTO Bruno Brito, the team has a deep understanding of decentralized finance, blockchain technology, and smart contract development. Their collective vision is to build a global ecosystem where projects and investors can connect seamlessly to foster innovation and, ultimately, accelerate the adoption of decentralized applications (dApp) and services.
How does Polkastarter work
Polkastarter leverages a unique mechanism known as fixed swap pools, facilitating token exchanges where a predetermined amount of one token can be traded for another at a fixed price. This model ensures utmost fairness and transparency while mitigating risks related to front running and manipulation.
When launching on Polkastarter, projects enjoy full control over essential parameters, such as the number of tokens for sale, token price, and wallet allocation. This level of flexibility empowers projects to tailor their token sale structures to meet their specific requirements. For investors, active participation in token sales is made possible by providing liquidity through POLS tokens, granting them exclusive access to token offerings and early-stage projects.
Polkastarter’s native token: POLS
POLS is the native utility token of the Polkastarter platform. It facilitates multiple processes within the ecosystem, including governance, participation in token sales, staking, and earning of rewards. POLS token holders can vote on platform proposals and influence the project's direction. Users staking their POLS tokens can earn additional tokens as rewards, encouraging long-term participation and engagement.
POLS tokenomics
The total supply of POLS tokens is capped at 100 million, with a portion allocated to private and public sales, team members, advisors, and the community. The token distribution ensures a fair launch and incentivizes early adopters and long-term holders.
POLS token use cases
POLS tokens grant users access to early-stage token sales, provide voting rights for governance decisions, enable staking for earning rewards, and act as a means of incentivizing community participation. These tokens can be used for fees and services within the Polkastarter platform, such as transaction fees and access to premium features.
Distribution of POLS
POLS is distributed as follows:
- 27.5 percent: Sold during the public sale
- 22.5 percent: Allocated as liquidity fund
- 15 percent: Marketing
- 15 percent: Sold during the seed sale
- 10 percent: Reserved for the foundation
- 10 percent: Team and founders
Empowering decentralized fundraising on the Polkadot Network
Polkastarter has established itself as a pioneering decentralized launchpad on the Polkadot network, reshaping the fundraising landscape for projects and investors. Through its innovative approach, Polkastarter has successfully raised millions in funding for prominent projects like Cryptoverse and Galaxy Fight Club, nurturing a vibrant and diverse ecosystem of blockchain initiatives. As the crypto industry continues to evolve, Polkastarter is poised to drive the growth of decentralized finance (DeFi) and catalyze the development of even more groundbreaking projects.
