How to buy the Polkastarter $POLS token

For the full list of exchanges and trading pairs you can also check Coinmarketcap and Coingecko, the two most reputable sources of token information. Be mindful that while Uniswap and PancakeSwap pay out fees to liquidity providers, your capital is also at risk of Impermanent Loss. We highly recommend understanding the risks of being exposed to two assets at the same time before choosing this option.

Option 1 – Use Crypto.com and buy POLS directly with fiat money

1. Just a couple of clicks, and you can make trades directly from your deposit method without even having to wait for funds to clear to your account.
2. However, do keep in mind no crypto platform or network is completely secure.
3. You can buy Polkastarter with fiat currency on Kraken, which is one of the most established exchanges in the cryptocurrency industry.
4. As of right now, we know that Polkastarter fees are one of the lowest among decentralized platforms.
5. So, a user holding 5% of the total amount of POLS staked during a cycle receives 5% of the staking rewards for that period.

This includes the amount of tokens you hold in your wallet, the amount of $POLS you’re staking, and also any LP tokens you might have. The initial threshold granting Allowlist eligibility is 250 POLS Power. This means that having 250 POLS Power grants you ONE entry ticket for each IDO you apply for.

Polkastarter Fiat Exchanges

You can easily buy them with your credit or debit card by heading to the Crypto.com website. The Polkastarter utility token plays a critical role in the Polkastarter ecosystem, giving you access to the project sales – IDOs and INOs. MetaMask is a cryptocurrency wallet and a web browser extension for Chrome, Firefox and Brave. It is used to securely store, send and receive Ethereum or ERC20 (Ethereum token standard) tokens. POLS is a governance token that grants its holders the power to vote and proposes recommendations about Polkastarter’s growth.

Why are POLS tokens valuable?

You can trade POLS with stablecoins on 22 Polkastarter exchanges. The majority of Polkastarter trading with stablecoins is done on Binance. Binance is the best choice when it comes to trading Polkastarter with stablecoins. As soon as you see that you are allowlisted on the Polkastarter https://forexbitcoin.info/ Dashboard or Projects Page, you can be sure that you will be able to participate in the sale once the countdown reaches zero. First and foremost, kindly note that Polkastarter currently recommends using the desktop version of MetaMask as all the platform features are tested with it.

How to participate in a Polkastarter Public Sale on Arbitrum?

Polkastarter is a blockchain-based platform that facilitates the creation of cross-chain token pools and auctions. Initial-stage blockchain companies that want to generate cash and quickly distribute their tokens often choose this method. Blockchain projects can simply construct its cross-chain swap pools, allowing the safe generation of money. Decentralized exchanges allow for peer-to-peer transacting to safely and securely take place on the blockchain.

There’s a ton of opportunities available on Uniswap and you’ve just bought Polkastarter (POLS) in a few simple steps. We highly recommend checking out the Uniswap Docs and finding out more about how you can contribute to liquidity. Because Uniswap is a decentralized exchange similar to IDEX, Etherdelta, etc, there are a few steps you need to take to make sure you understand the process of swapping ETH for POLS. Once you’ve chosen Polkastarter (POLS) from the dropdown or via input of the contract address, you’ll now be able to initiate a swap. About PolkastarterPolkastarter is the leading early-stage fundraising protocol, enabling web3’s most innovative projects to kick-start their journey and grow their communities. Polkastarter allows its users to make research-based decisions to participate in high-potential public sales and be early to the future of web3.

This means projects can also gain a larger following of token holders by distributing tokens across a wide audience. Until June 2022, Polkastarter has helped launch over 110 projects, consisting of token sales, NFTs and metaverse sales. The platform has raised over $50M for its projects reaching a collective all-time high market capitalization of $3.2B. In order to be able to buy $POLS, you should first own one of the major cryptocurrencies – Bitcoin or Ethereum. You can also opt for USDT, which is a crypto-native USD equivalent or a so-called stablecoin.

The site will ask for some basic information about yourself, make sure to tell the truth. Make sure to type your name, your e-mail, and your password correctly. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

To claim your tokens, find the allocation card of the sale you just participated in and click on the “Claim” button. Make sure to connect your MetaMask wallet and double-check the network your wallet is set on while on the project page. You should be on the appropriate network for the sale you participate in. Once you’ve selected that from the menu up top, you’ll be able to see the status of all the allowlist applications you’ve applied to. You can also simply click on the individual project from the “Projects” menu and confirm your allowlist status from there.

Currently, Kraken lists Polkastarter in pairs against the US Dollar and Euro fiat currencies. You can buy cryptocurrencies on Kraken with a Visa or Mastercard card, or you can fund your account through a wire transfer or other methods. Its main utility is gaining access to pools and giving projects the option to give priority access to POLS holders. how to trade forex for beginners in 2021 Users are incentivised to stake POLS, rewarding the most loyal members. Lastly, fixed swap pools serve one of Polkastarter’s goals – to ensure that funds go to the project. That’s why Polkastarter started working with fixed swap pools in the first place – to provide a more equitable token distribution mechanism while remaining decentralized.

Otherwise, high volatility makes this data challenging to calculate. So, every time a user swaps with the liquidity pool, it changes the rate. Moreover, when a project tries a token launch via AMM liquidity pools, the price can quickly moon if numerous investors buy. That’s because liquidity pools must maintain the ratio amidst buying pressure. And last but not least, you can also increase your POLS Power by providing decentralized liquidity. We have official trading pairs on two decentralized exchanges (DEXs), namely Uniswap (ETH/POLS) and PancakeSwap (BNB/POLS).

POLS Power determines your chance of participating in an IDO and NFT sale. It’s an aggregator that calculates the eligible POLS balance users across the platform, including POLS in their wallet and the POLS they’re staking. It’s a lottery system that rewards users 1 ticket for every 250 POLS. Users need to get their wallet addresses on the “allow list” to gain access to an IDO. Polkastarter is listed on 31 exchanges across 36 trading pairs. Binance is one of the largest and most well-known cryptocurrency exchanges in the world.

Token DumpsControl mechanisms can also protect against private investors dumping their tokens and crashing the price. Another great way to learn about upcoming Polkastarter sales is on our socials. Keep up with our X and Telegram for announcements, and check in regularly to our blog for more information. Mind you that only $POLS on non-custodial wallets, on either Ethereum or BNB Chain, are qualified to turn into POLS Power to make you eligible to apply for IDO allowlists. There are currently   POLS in circulating supply, while there are tokens in total supply.

However, this doesn’t change the way that their legal status varies from one country to another. Click here to check the legality status of cryptocurrencies by country. Polkastarter has a different plan for tackling scalability issues, it has one main blockchain called the relay chain and parachains and parathreads are connected to it. To make transactions faster between those two chains, there are “bridges” or blockchains that connect them.

Currently, Coinbase only accepts POLs operating on the Ethereum blockchain (ERC-20). Other capabilities include permissionless listings, token exchanges via smart contract, password-protected private pools, whitelisting, and price warnings for significant slippage. Most importantly, pools will provide several forms of swaps, such as fixed ratio swaps, dynamic ratio swaps, Dutch auctions, and sealed-bid auctions. It plays various roles in its ecosystem, such as governance and staking, which are vital to maintaining long-term token holders and community members.

They want inexpensive transactions, uber-quick swaps, and a more friendly UX. Liquidity pools benefit projects that need immediate liquidity for their token by offering users liquidity at varying price points. Notably, token values are difficult to determine before it passes through an extended price discovery phase. Since then, it’s grown in popularity as a platform for initial DEX offerings (IDOs).

If you prefer, you can also use an online wallet to keep your holdings safe on the internet. Read more about launchpads and find out the top IDO launchpads across different chains. Miguel Leite is a serial entrepreneur and marketing extraordinaire. After some successful ventures he turned to web3, co-founding Coinvision and BEPRO Network, before the incredibly successful and industry-changing launch of Polkastarter.

Thus, a new liquidity pair wedded to the protocol’s token can suffer volatile price swings, especially for lightweight pools holding less than $100k. Whales can muscle these around, shifting the liquidity pool’s balance ratio each time they swap a token within it. Swaps trigger the smart contract’s controlling rate to automatically preserve the 50/50 ratio for cryptocurrency pairs in the liquidity pool. The protocol offers potential financial gains to all parties included and allows the community to choose the next “big thing” when it comes to digital assets and help them grow. This way they plan to create a decentralized platform that is run by the people for the people. You can buy Polkastarter with fiat currency on Kraken, which is one of the most established exchanges in the cryptocurrency industry.

If you join any sale you will be able to check your application status on your dashboard. If it is not there, you can import it manually by pasting our BSC address into the search box.

The governance feature allows holders to vote on any possible changes or improvements the network might have in mind. Polkastarter is being traded on 31 cryptocurrency exchanges, including Binance and KuCoin. $ 2.96M worth of Polkastarter changed hands in the last 24 hours. If you wish to purchase POLS, check our guide on how to buy Polkastarter in 6 steps. The platform went online for the first time in Dec. 2020 and has rapidly become the most popular venue for Initial DEX Offerings (IDOs). With Polkastarter, decentralized projects can quickly and affordably raise and trade cash.

Gas fees, particularly on Ethereum, can sometimes be painfully high. You can use a tool such as etherscan.io/gastracker or similar ones to know how much gwei is currently needed to ensure your transaction goes through and is not stuck at “pending”. You can then adjust the gwei settings right within MetaMask to match the info from the tool you’re using. For decentralized options, you can opt to use DEXs (decentralized exchanges, like Uniswap or PancakeSwap).Alternatively, there are several bridges you can utilize. Note that after bridging, you still need to exchange whatever asset you bridged.

The market cap of Polkastarter stands at $65.19M, with 99.22M in circulation. For those looking to buy or trade Polkastarter, reputable platforms like Binance, Kraken, Coinbase and Crypto.com offer avenues to do so securely and efficiently. You’ll notice that the interface of both DEXes is nearly identical too. The only difference is that you will be using the BNB Chain to complete the swap (learn how to add BSC to the list of networks on MetaMask here). For that, you will need to own BNB, the native token of the BNB Chain, similar to ETH, the native token of the Ethereum Network.

Polkastarter as a platform has security measures in place both for itself and for its users. Since the community continues to use this project it is deemed as safe. However, do keep in mind no crypto platform or network is completely secure. You should do some research on your own on Polkastarter before making your final decision if this is something you want to get yourself into or not.

This aggressive action caused others to “ape in” as they tried to corner the market on entire pools of new token listings. Thus, projects can raise and exchange capital quickly and inexpensively, and users can participate in a secure environment knowing initial token prices won’t wildly fluctuate. Projects wanting to launch on Polkastarter first get vetted by the team’s analysts and industry-leading experts. Next, Polkastarter helps approved projects raise funds by setting up a swap pool for its token based on a fixed purchase rate.

However, you can also choose from other exchanges that list POLS, such as KuCoin, Kraken, OKX, gate.io and MEXC. In case of a cliff, a period during which no tokens are awarded, you may need to wait for a few months until the next batch of tokens will unlock for you. You can always check the vesting schedule on the project page, or on the allocation card itself. However, if the project has linear vesting, the number of tokens to claim might be so small that it won’t be worth spending the money on gas. In such case, you may want to wait for some time until the tokens accumulate.

A simple answer is that Polkastarter is a DEX that allows projects to list their tokens at a fixed price that will hold fast. This fixed-price feature minimizes volatility during a token’s launch time. It also brings greater transparency regarding the amount of capital raised and tokens sold.