Polkastarter (POLS) is a decentralized token crowd sale platform for crypto projects looking to raise funds. It is a cross-chain decentralized exchange (DEX) built on Polkadot, supporting multi-chain token sales and liquidity pools. The native POLS token is used for transaction fees, community governance, and staking to earn rewards. It also grants early access to token pools and auctions on the platform.
Polkastarter (POLS) is a utility token that serves several functions within the Polkastarter ecosystem. Here are some key ways POLS is used:
Liquidity Mining: POLS is used for liquidity mining, which incentivizes users to provide liquidity to the platform.
Governance: POLS holders have the power to vote and propose recommendations about Polkastarter’s growth, including ideas for additional features, token utility, and platform-listed tokens.
Transaction Fee Payment: POLS can be used to pay for platform transactions.
Participation in POLS-only Pools: POLS holders can participate in token pools and auctions exclusively available to POLS holders.
POLS Power: POLS is used to calculate POLS Power, which determines a user’s chance of participating in IDOs and NFT sales. The more POLS a user holds, stakes, or provides as liquidity, the higher their POLS Power and the greater their chances of being selected for IDOs and NFT sales.
Staking: Users can stake POLS to earn staking rewards, which are distributed based on the percentage of POLS staked by each user.
- Access to Token Pools: POLS staking is required for access to token pools, and pool creators can limit access to POLS holders for a reduced fee on swapped funds.
These uses make POLS a central component of the Polkastarter ecosystem, facilitating various activities and incentivizing user participation.
To store Polkastarter (POLS) tokens, you can use a cryptocurrency wallet that supports Ethereum (ETH) or BNB Smart Chain (BSC), depending on the network where you purchased your POLS tokens. Here are the steps:
MetaMask Wallet:
- Go to the MetaMask website and follow the instructions to set up your wallet.
- Ensure you are on the correct network (Ethereum Mainnet or BNB Smart Chain) depending on where you purchased your POLS tokens.
Other Wallets:
- You can also use other desktop wallets that support the respective networks. However, MetaMask is highly recommended for a seamless experience.
Security:
- Always keep your wallet secure by using strong passwords and keeping your recovery phrases safe.
- Regularly update your wallet software to ensure you have the latest security patches.
By following these steps, you can securely store your POLS tokens and participate in Polkastarter IDOs and other activities.
To buy Polkastarter (POLS) tokens, you have several options:
Option 1: Centralized Exchanges (CEX)- Binance: Create a free account, verify your identification, and then use fiat money to buy POLS directly with USD or other supported currencies.
- Coinbase: Sign up for a Coinbase account, add a payment method, and then search for and select Polkastarter to purchase with your local currency.
- Kraken: Buy POLS directly with USD or EUR on Kraken's platform.
- Uniswap: Use MetaMask to connect to Uniswap, swap ETH or another ERC-20 token for POLS.
- PancakeSwap: Use MetaMask to connect to PancakeSwap, swap BNB or another BNB Smart Chain token for POLS.
- Direct Purchase: Buy POLS directly with fiat currencies like USD, EUR, or GBP using your credit or debit card on Crypto.com.
- Token Details: POLS is the native token of Polkastarter, a decentralized protocol for launching new blockchain projects. Holding POLS is required for allowlist eligibility in Polkastarter IDOs.
- Token Contracts: The Ethereum token contract is 0x83e6f1e41cdd28eaceb20cb649155049fac3d5aa, and the BNB Chain token contract is 0x7e624fa0e1c4abfd309cc15719b7e2580887f570.
Remember to carefully consider your investment decisions and understand the associated risks before buying POLS.
