Review on Polkastarter by erdi yılmaz
Polkastarter
Polkastarter (POLS) is a decentralized and interoperable platform based on the Polkadot ecosystem that allows the pre-sale (IDO) of new tokens to raise capital, regardless of the blockchain network they are built on.
Polkastarter functions as an anonymous exchange (DEX) that allows different blockchains to work together. Polkastarter is a brilliant project that offers innovative solutions especially for the DeFi market.
The platform's own token, POLS, makes it easy to participate in planned pre-sales. Participants who want to enter the pre-sales list that are planned to be realized must have at least 3000 POLS. This figure was previously 1000 POLS. New project token sales on Polkastarter usually take place in the form of an auction and the number of tokens each participant can have is determined from the beginning.
Polkastarter is a platform where developers can easily raise funds for their projects. Besides, project owners have the opportunity to list their tokens on the Polkastarter platform. Also, since it has a decentralized structure, Polkastarter allows project owners to list their tokens without being tied to any central authority.
Polkastarter, supported by the Polkadot ecosystem, has a capacity of 160,000 transactions per second.
In addition to providing opportunities to developers, Polkastarter also provides various advantages to those who invest in the platform.
Investors have a say in the decisions to be made on the platform, thanks to the POLS tokens they hold. Investors can also receive rewards from pools and earn staking income by providing liquidity to the Polkastarter ecosystem. This is a form of liquidity mining.
Pros
- Besides being a decentralized project, it has a democratic environment.
- Provides the opportunity to earn income by staking
- It is an active project as it leads the pre-sales activities of new projects.
- the platform's processing speed is quite high
- It is a fair and reliable system as the amount to be received from the events is determined by auction and in advance
Cons
- The amount of POLS required for participation in events is still too high
