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The adoption of DeFi (Decentralized Finance) solutions has finally arrived with hugely successful projects like Uniswap
and Compound bringing billions of trading volume to the cryptocurrency market, while taking an increasing market share
from the centralized exchanges.
This success comes with a number of great challenges, especially in terms of scalability, with Ethereum network fees
skyrocketing and slow platform performances, which leaves end-users frustrated.
Users are demanding cheap transactions, secure ultra-fast swaps, user-friendly design and the possibility to buy and move
assets between blockchains. The future of decentralised finance won't be tied to one chain and interoperability is already
becoming the must-have feature of the DeFi future.
Market 1100% Growth compared to 2019
With Polkastarter, decentralized projects will be able to raise and exchange capital
cheap and fast. Users will be able to participate in a secure and compliant
environment and to use assets that go way beyond the current ERC20 standard.
Fund Raising
Cross-chain Pools ✅ ❌ ❌ ❌
Governance Model ✅ ❌ ❌ ✅
Fixed Pools ✅ ❌ ✅ ✅
Whitelisted Pools ✅ ❌ ✅ ❌
Roadmap Overview 2020 & 2021
Q4 Q1 Q2 Q3-Q4
2020 2021 2021 2021
Phase 2 will see the full launch of the working product on the Polkadot environment, enabling Polkadot projects to raise funds in DOT or any other Polkadot-based
tokens that the project chooses to raise in. Our vision is for Polkastarter to offer cross-chain pools and token sales, by taking advantage of Polkadot's bridges such as
BTC, ETH and USDT.
Detailed Roadmap 2020 & 2021
Q4 2020 - Phase 1 (Minimum Viable Product) 2021 - Phase 2
Pool creators will be able to create and launch fixed token swaps in a permissionless environment. Liquidity providers will be
able to earn and transact in these new tokens.
Community incentives such as liquidity mining will be live from day one to bootstrap network effects. Our strong and
growing Polkastarter community will be incentivized to improve the usability and interface to optimize the platform
experience before launching in Polkadot’s environment.
Polkastarter MVP Core Features
Fixed Swap Pools
From our homepage, users can explore and participate in several token
pools. These will be fixed swap pools, in which two or more parties
exchange a fixed amount of tokens for a predetermined price.
In this initial prototype, pool creators will be able to enter pool details like
token contract address, name of the pool, limit per address, type of pool
access (public, private, whitelist) and, finally, token price.
We are starting with fixed swap pools because they solve one of the biggest
problems in automated decentralized exchanges like Uniswap. While these
exchanges are great for day-to-day spot trading, they don’t work that well
for token sales. It’s usually impossible to get the initial listed token price
because bots buy up all the initial liquidity. On the other hand, Polkastarter
Fixed Swaps will enable a stable, organized, and fair token swap
infrastructure.
Polkastarter MVP Core Features
Liquidity Mining
To incentivize participation in the daily token pools, we are launching a liquidity mining program concurrent with MVP
launch on Ethereum later this year. In the manner of great DeFi projects like Synthetix and Balancer, this program will
distribute a fixed amount of POLS tokens daily. All liquidity providers will receive POLS from this as-yet-undetermined fixed
amount on a pro-rata basis. For example, if there is 1000 ETH in fixed swap volume for 24 hours, a user that contributed 100
ETH of that volume will receive 10% of the total daily liquidity rewards.
Liquidity providers can claim their POLS token rewards after 24 hours and will have 7 days to claim their reward tokens on
the Polkastarter dashboard. Unclaimed tokens will be sent back to the rewards pool for later distribution.
For high-demand pools, access can be limited to the top liquidity and network contributors. Password protection and
whitelisting are potential features that could provide additional limits. However, to best align the interests of the entire
Polkastarter community, the POLS token can be used as a coordinating mechanism. For instance, if community members
want access to certain token pools, they must stake POLS tokens. Of course, token pool creators have full autonomy over this
process. For projects that use the Polkastarter platform, our goal is to craft diverse token holder communities loyal to the
project and invested in its long-term success.
Polkastarter MVP Core Features
Private Pools And Whitelisting
One of the Polkastarter use cases is private fundraising and closed over the
counter (OTC) deals. To enable these, we will launch with features like password
protected pools and address whitelisting for pool participation.
Permissionless Listings
Other Features
Anti-scam features preventing users from buying the wrong token. These include
smart contract verification, smart contract information, token import alert and
high slippage alerts. All of these mechanisms work together to make users aware
that they might be buying at an unfair price. Finally, we would be remiss if we
didn’t mention that the platform can be viewed in either dark or light mode.
Token Utility ($POLS)
Important: token holders will be able to vote on product features, token utility, types of auctions and even decide which
projects get to be featured by Polkastarter. Transaction fees will be paid in POLS.
Token pools on Polkastarter will incur a fixed fee, paid by the pool creator. If a pool creator receives 1000 DOT worth of a
token and the fee is fixed at 1%, 10 DOT will be deducted from his purchase and added to the staking reward pool.
Staking rewards will also be distributed in 24-hour cycles. If a user holds 2% of the total staked POLS during that 24-hour
cycle, that user will get the equivalent of 2% of all the staking rewards for that same period. If during that period Polkastarter
generated 10,000 DOT, that user will get 200 DOT.
Polkastarter network users are only eligible for staking after providing liquidity to the Polkastarter pools. Contributors can
lose their staking status if they stop providing liquidity to the network.
Token Utility ($POLS)
Staking for Pool Access
For high-demand pools, access can be limited to the top liquidity and network contributors. Password protection and
whitelisting are potential features that could provide additional limits. However, to best align the interests of the entire
Polkastarter community, the POLS token can be used as a coordinating mechanism.
For instance, if community members want access to certain token pools, they must stake POLS tokens. Of course, token pool
creators have full autonomy over this process. For projects that use the Polkastarter platform, our goal is to craft diverse
token holder communities loyal to the project and invested in its long-term success.
Pool creators can activate POLS staking to limit pool access exclusively to POLS holders. The incentive for this type of
behavior from the pool creator is a reduced fee on the total swapped funds.
Token Utility ($POLS)
Staking for Governance
The Polkastarter governance framework aims to build a solid and sustainable protocol for development and usage. POLS
holders will be able to vote for ecosystem initiatives, new features development, liquidity rewards distribution specs, and
other applications.
POLS holders need to stake POLS in order to be able to vote and to submit proposals. Proposals will be first discussed off-
chain on the Polkastarter governance platform. The idea of this pre-voting mechanism is to promote proposal discussion
before on-chain submission.
Once the proposal is ready to be submitted, there will be an on-chain vote. Every winning proposal is then reviewed and
applied by the Polkastarter development and management team.
Token Utility ($POLS)
Liquidity Mining
To incentivize participation in the daily token pools, we are launching a liquidity mining program concurrent with the
minimum viable product (MVP) launch in Q4 2020. This program will distribute a fixed amount of tokens daily.
The way this distribution will work is simple. Let’s look at the initial Ethereum-based MVP. Everyday X tokens will be
distributed for all liquidity providers on a pro-rata basis. If there is a 1000 ETH swap volume for 24 hours, a user that
contributed with 100 ETH in volume will receive 10% of the total daily liquidity rewards.
Liquidity providers can claim their reward after 24 hours and will have 7 days to claim their reward tokens on the Polkastarter
dashboard. Unclaimed tokens will be sent back to the rewards pool for later distribution.
Tokens for liquidity mining will be taken from the Liquidity Pool. We are minting a total of 100,000,000 POLS and
22,500,000 (22.5%) will be destined for liquidity. Liquidity includes liquidity providing for secondary markets, but also the
liquidity mining rewards. Total liquidity mining rewards are yet to be determined.
The exact reward structure will be revealed prior to the MVP launch and it’s going to include higher rewards in the beginning
and a gradual decrease in the daily reward over time.
Private-Sale Structure ($POLS)
Sale Details
Comments:
- Seed sale: Initial mcap of $223.43k USD, fully diluted mcap of $1.25M USD.
- Private sale: Initial mcap of $446.87k USD, fully diluted mcap of $2.5M USD.
- Uniswap listing: Initial mcap of $893.75k USD, fully diluted mcap of $5M USD.
- Initial Uniswap Liquidity: 200k USD
Token Distribution and Allocation
Comments:
Polkastarter only raises the most necessary funds to get the Product Development going and to give the POLS token the
right kickstart in terms of Liquidity, Exchange listings and Marketing.
While all Team, Advisor and Foundational tokens are locked for at least 1 year, the rest of the tokens are allocated to the
Token Sale, as well as to Liquidity Provision and Marketing actions.
Token Release Schedule
Release Details
Our
Founders.
Daniel Stockhaus Tiago Martins
Co-founder & Co-founder &
Executive Team with over 30 years
combined tech experience who are
CEO CTO
Serial Tech Entrepreneur, Passionate product
passionate about developing a better,
scaled companies to over builder and senior
more complete interoperable token
1m users and $20m annual software engineer
sales experience.
turnover. Successful Exit. with.
Successful Exit.
Team
Our
Advisors. Danilo Carlucci
Advisor
Matthew Dibb
Advisor