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What is Polkastarter coin (POLS) and how does it work?

by Financial Economy

Polkastarter is a blockchain platform designed to provide an easy-to-use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time. Detailed information about what is  Polkastarter coin (POLS), how does it work, how much it costs, how it works, etc. is in the continuation of the content. You can browse here for information about TROY coin.

What is Polkastarter coin (POLS) and how does it work?

Polkastarter is a platform for launching and managing Initial Distributed Offerings (IDOs). IDO is a pre-listing token distribution where early stage projects will sell limited quantities of tokens to whitelisted community members.

For projects, Polkastarter addresses the topics of fundraising, community growth and sustainable token distributions. Additionally, Polkastarter’s stable swaps ensure that no community members hold excessively large positions of the token, protecting against volatility after a decentralized listing.

POLS is the native utility token of the Polkastarter platform and plays a number of roles in its ecosystem, used for liquidity mining, governance, payment of transaction fees, and eligibility to participate in POLS-only pools.

The platform first went live in December 2020 and has grown rapidly to become one of the most widely used platforms for initial DEX offerings (IDOs). As of February 2021, Polkastarter is running on the Ethereum blockchain, but will eventually migrate to the Polkadot mainnet.

Polkastarter’s main offering is its fixed swap smart contract, which allows projects to easily launch liquidity pools that execute orders at a fixed price, rather than using the AMM model popularized by Uniswap.

Where to buy Polkastarter coins? How much is the POLS coin price?

Polkastarter coin can be purchased from crypto exchanges where it is listed. But before trading, it is necessary to make sure that the stock market is reliable. As of October 25, 2021, the price of 1 POLS coin is around $2.84.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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