5

Download as pptx, pdf, or txt
Download as pptx, pdf, or txt
You are on page 1of 26

Why Polkastarter

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

● H1 2020 saw $5,1 Billion in DEX volume,


5x from the first six months of 2019.

● Aggregate trading volume on decentralized


exchanges reached $11.6 billion in August,
up from $4.5 billion in July as the intense
enthusiasm for decentralized finance
(DeFi) applications continued to spread.

● Tightening regulations for centralized


platforms and the hype surrounding DeFi
are pushing DEX trading activities to new
heights.
Introducing Polkastarter

Polkastarter is a permissionless DEX built for cross-chain token pools and


auctions, enabling projects to raise capital on a decentralized and interoperable
environment based on Polkadot.

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.

The future is decentralized. The future is interoperable. The future is


Polkastarter.
Vision

Fund Raising

Use Cases. Startups can raise funds on a


secure platform.

Startups and projects can raise funds on


Polkastarter’s interoperable and decentralized
Auctions
infrastructure.
Token pools will include dutch
and sealed-bid auctions.
This technology can also have other
applications, including closed OTC deals
with password protection, discounted sales
with whitelisted addresses and even be used OTC
for crowdfunding in the future.
Closed OTC deals with
password protection
Features

Cross-chain Fixed and Dynamic Anti-scam Features


Swaps Swaps

Full KYC Governance Permissionless


Integration Model Listing
Competition

Cross-chain Pools ✅ ❌ ❌ ❌

Supporting Any Asset ✅ ✅ ❌ ❌

Governance Model ✅ ❌ ❌ ✅

Fixed Pools ✅ ❌ ✅ ✅

Whitelisted Pools ✅ ❌ ✅ ❌
Roadmap Overview 2020 & 2021

Q4 Q1 Q2 Q3-Q4
2020 2021 2021 2021

MVP Polkadot Governance DAO

Permissionless listing Migration to Polkadot Dynamic ratio swap Polkastarter 2.0


Fixed token swaps Multi-chain swaps Sealed-bid auction Launch of the full
Private pools Full KYC integration Governance model working DAO
Anti-scam features Whitelist features DAO R&D
High slippage alerts
Detailed Roadmap 2020 & 2021

We are excited to release our initial technical roadmap.


Will also outline the Polkastarter platform and our plans
for the future.

The final version of Polkastarter will enable Polkadot-


based token pools so projects can raise capital in a
decentralized and interoperable environment. However,
to fully reach our vision, since Polkadot is not ready for the
deployment of smart contracts, Polkastarter’s roadmap will
have two separate phases.
Detailed Roadmap 2020 & 2021
Phase 1 will start with the launch of a minimum viable product (MVP) on the Ethereum network. The goal of this phase is to test the swap and token sale dynamics,
gather user feedback, and prepare a robust infrastructure that can be migrated to Polkadot. With a variety of EVM-compatible Polkadot projects competing to be
parachains, we are confident that our work on Ethereum will enable us to bootstrap development work on Polkadot.

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

● Polkastarter 1.0 (Ethereum Beta) Q1 2021


● Permissionless listings
● Liquidity Mining ● Polkastarter 2.0
● Key token swap information, including smart contract, swap ● Multi-chain token pools (Ethereum and Polkadot)
ratio ● Staking for Governance
● Fixed swap public and private pools ● Staking for Pool Rewards
● Private pools with password ideal for OTC and private-sales ● Community-powered featured project voting
● Anti-scam features like smart contract verification ● Full KYC integration
● High slippage price alerts KYC
● Pool swap page with features like max pool amount
● Max investment per user limits Q2, Q3 and Q4 2021
● English, Chinese and Korean languages
● Polkastarter 3.0
● Cross-chain token swaps
● Dynamic ratio swaps
Polkastarter MVP Core Features
In the past few months, we’ve been actively developing the first version of Polkastarter on Ethereum. The goal for the
MVP is to be a fully working fixed swap platform for ERC20 token pools, creating a marketplace that links pool creators
and liquidity providers.

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.

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.
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

True decentralization only works if we build a permissionless environment.


Though certain Polkastarter features may be enhanced for POLS token holders,
anyone will be able to use the protocol in order to create and launch fixed swap
token pools. Counter-measures to prevent bot-based and malicious pools will
also be integrated.

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)

Governance and Fees


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.

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.

Governance Staking Liquidity Mining


Governance We are disclosing Liquidity providers can
infrastructure that several types of claim rewards in POLS
enables community staking for contributing to the
voting. mechanisms. network.
Token Utility ($POLS)
Staking for Pool Rewards

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

● Total supply: 100M POLS


● Initial circ supply: 17.875M POLS
● Seed sale price: $0.0125 USD
● Private sale price: $0.025 USD
● Uniswap listing price: $0.05 USD
● Total amount raised: 875,000 USD
● Total POLS sold: 42.5M (42.5% of the
total supply)

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

● Seed: 20% unlocked before listing,


then 10% monthly over 8 months.
● Private: 25% unlocked before listing,
then 25% monthly over 3 months
● Liquidity: 22.22% unlocked before
listing, then 8.88% monthly over 5
months, then 6.67% monthly over 1
month, then 4.44% monthly over 6
months
● Marketing: 20% unlocked before
listing, then 6.67% monthly over 12
months
● Team & Foundational tokens: 1 year
fully locked, then 25% quarterly.
Team

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

Danilo Carlucci is a performance- Matthew comes from a Capital


driven, high integrity, self- Markets and IT background,
disciplined, goal-oriented leader specialising in venture
with outstanding interpersonal development and corporate
skills and a proven track record of funding for emerging
success at increasing levels of companies and new
responsibility and authority. technologies.
Thank you.

You might also like