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Market Cap$ 2.44T-1.57%
24h Spot Volume$ 37.77B-2.63%
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Polkastarter

Polkastarter POLS Price $ 0.559

Rank: 559

1219 Watchlists

DeFi

POLS Price

0.559
3.09%
(-$ 0.0178)
Price Range
LowHigh
$ 0.548$ 0.590

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Polkastarter is a DEX built for cross-chain token pools and auctions, enabling projects to raise capital on Polkadot.

Polkastarter (POLS) Chart

Polkastarter price Index provides the latest POLS price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

POLS to USD Converter

Polkastarter (POLS)POLS

POLS Price Statistics

leaderboard

Market Cap

$ 55.53M

Fully diluted value

FDV

$ 55.89M

ATH Market Cap

$ 424.19M

24 Trade Vol.

$ 2.64M


Vol. (24h) / MCap

0.0475

Max Supply

POLS 100,000,000

Total Supply

POLS 100,000,000

Circulating Supply

POLS 99.35M

(99.4% of Max Supply)

Listing Date

29 Sep 2020

All Time High

$ 7.54

16 Feb 2021


All Time Low

$ 0.101

29 Oct 2020


From ATH

92.6%

From ATL

451.6%

What is Polkastarter (POLS)?

The Polkastarter protocol is an IDO platform that allows cryptocurrency projects to use the platform as a way to raise funds, amongst other functions. It was created with the intention of solving some of the issues rising popularity of DEXs and IDOs created, i.e. extreme volatility and 

Polkastarter is planned to be integrated into the Polkadot ecosystem and hopes to make use of its high levels of scalability and leverage its functionalities. This includes cross-chain swaps, and high throughput, whilst also being connected to other blockchains for liquidity. At present, Polkastarter is running on Ethereum, Polygon, and Binance Smart Chain.

POLS is the platform’s native currency and can be used by platform users to participate in IDOs held on the platform.

What are Polkastarter’s key features and how does it work?

Cryptocurrency projects are able to raise funds via the Polkastarter platform by setting up Fixed Swap Pools. These are pools based on a fixed purchase rate for tokens, the price of a token will be sustained throughout the sale period until the entire initial supply is sold. These swap pools function differently from other fundraising mechanisms such as ICOs, IEOs, and IDOs.

A cryptocurrency project can list on Polkastarter Fixed Swap Pool at a fixed price. This differs from an AMM liquidity pool, where the rate changes as the demand for a token changes. The Fixed Swap Pool method means that projects can have more control over token distribution, prevent potential token dumps from private investors and reduce token offering costs. 

The platform also offers extra parameters for IDOs so that projects have more control over their fundraising efforts. This includes maximum investments per user or restrictions on the number of investors allowed in the pool.

IDO participants can take part in IDOs on the platform by entering a lottery-type mechanism. Participants can increase their chances of winning an IDO slot by leveraging POLS power, a concept the platform uses in order to incentivize holding POLS, staking POLS, and providing liquidity. 

What is noteworthy about Polkastarter?

Polkastarter is particularly noteworthy when compared with other fundraising platforms. This is due to the possibility of making not only fixed swap pools but also cross-chain swaps, all powered by Polkadot. This provides higher throughput for faster and cheaper transactions, whilst still being connected to other blockchains for liquidity, such as Ethereum.

What can Polkastarter be used for?

As mentioned, Polkastarter’s primary function is as a fundraising platform for new and emerging cryptocurrency projects. However, the protocol’s technology can also be applied elsewhere. 

Other use cases include:

  • Closed OTC deals with password protection;
  • Discounted sales with whitelisted addresses;
  • Token pools will include dutch and sealed-bid auctions;
  • Crowdfunding.

Where can you buy Polkastarter?

POLS is available to buy from the CEXs and DEXs:

  • Binance;
  • Okex;
  • Huobi;
  • KuCoin;
  • Uniswap.

Polkastarter Price Today

Polkastarter's current price is $ 0.559, it has dropped -3.09% over the past 24 hours.

Polkastarter's All Time High (ATH) of $ 7.54 was reached on 16 Feb 2021, and is currently -92.6% down.

The current circulating supply of Polkastarter is 99.35 Million tokens, and the maximum supply of Polkastarter is 100.00 Million.

Polkastarter’s 24 hour trading volume is $ 2.64 Million.

Polkastarter's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 55.53 Million.

You can find more details about Polkastarter on its official website and on the block explorer.

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