Polkastarter Launchpad

Polkastarter is a decentralized platform designed to raise funds in various blockchains and support promising Web3 projects in the cryptocurrency industry.

Note that Polkastarter is experiencing its fourth upgrade to Polkastarter V4. This version of the platform opened up the ability to customize user profiles, register new users through social networks and a number of other features as rewards for some activity.

Date of foundation: in 2020

Core team of Polkastarter

Polkastarter developed under the leadership of a whole community made up of several independent companies, including: Polygon, Alchemy, Huobi, Kucoin, OKX, Signum Capital and more.

More info about Polkastarter

Polkastarter is a platform for raising funds for project development. The platform is focused on IDO – a decentralized analogue of the classic ICO (initial coin offering). On the platform, young blockchain startups can get advice from experts, as well as organize fundraising through the sale of their tokens.

Using Polkastarter is quite intuitive and simplified even for those who are new to cryptocurrencies. First, in order to use the platform, you need to create an account on the website. Registration requires minimal data, ensuring a quick start.

After successful registration, it is important to connect your cryptocurrency wallet. Polkastarter supports most popular wallets such as MetaMask and Trust Wallet, making the connection process fast and secure. Connection is done through the Polkastarter website interface, where the user is prompted to follow step-by-step instructions.

Polkastarter lottery system

The key functionality that allows users to participate in IDOs on Polkastarter Launchpad is designed around a lottery. At the same time, an Allowlist system is assigned to each new project on Polkastarter. Getting on the allowlist guarantees the user the opportunity to purchase tokens of a promising project at a minimum price.

In order for a user to qualify for a place on the Allowlist of a particular project on the platform, it is necessary to have a minimum number of POLS tokens in the stack.

There are at least three scenarios:

Hold from 250 POLS in a cryptocurrency wallet for at least seven days. The more POLS coins in the cryptocurrency wallet – the higher the chances of being on the project’s allowlist.
Hold liquidity tokens (LP) from 250 POLS on the decentralized crypto exchange Uniswap or Pancakeswap for at least seven days. And the more LP tokens a user has – the higher their chances of getting on IDO’s allowlist.
Send to staking from 250 POLS in the platform dashboard. The minimum staking period is 7 days.

Every 250 tokens gives one ticket to the allowlist. If you have 500 POLS tokens and you apply to the allowlist, you have 2 tickets and already more chances that at least one of them will pass to the token sale.

After being Allowlisted in the IDO project, the user will need to complete KYC registration. The verification procedure involves providing proof of identity. According to the developers of Polkastarter, KYC registration ensures that bots cannot participate in IDO.

POLS Power

POLS holders also receive additional power in the form of POLS Power.

POLS Power is the cumulative number of POLS tokens. Simply put, if you have tokens in a wallet, in a stack, or in a liquidity pool, they all add up to a total amount of power. And it doesn’t matter if they are on Ethereum or BNB Smart Chain, they are still pooled together.

Currently, the minimum number of POLS to enter the lottery for a spot on the Allowlist: 250 POLS.

The POLS Power system has a tiered format. This means that the more POLS a user holds, the higher the chance of getting the right to a place on the allowlist.

POLS Bronze: 1 000+ POLS
POLS Silver: 3 000+ POLS
POLS Gold: 10 000+ POLS
POLS Platinum: 30 000+ POLS
POLS Diamond: 50 000+ POLS (Guaranteed spot on the Allowlist)

Polkastarter has Cooldown or freeze periods. You cannot participate in more than 1 project per 7 days. If you get into token sales from a project, you will not be able to participate in the token sale for the next 7 days.

Token POLS

The POLS token is the native token of the Polkastarter ecosystem. POLS acts as the main unit of value and, as you can see, opens up greater access to unique features and functionality on Polkastarter launchpad platform.

Key metrics of Polkastarter Launchpad

More than 112 successful IDOs
Raised more than $35.07M
ROI in ATH: +3216% (33.17x)
Blockchain support: Ethereum, Solana, BNB Chain, Avalanche, Polkadot, Polygon, Celo