Polkastarter

What is Polkastarter?

Polkastarter is a decentralized fundraising platform that empowers Web3 projects to launch and raise funds through multi-chain token pools while fostering community growth. The platform facilitates early access to Initial DEX Offerings (IDOs), NFTs, and Gaming Web3 innovations. The Polkastarter team is committed to building a leading decentralized fundraising platform, offering users opportunities to make informed decisions and participate in high-potential projects. Simultaneously, it allows companies to successfully fundraise, leveraging Polkastarter's experience and growing network.

The platform's key features include KYC integration, permissionless fixed swap pools, an NFT sales platform, a council for project selection, a flexible allowlisting system, POLS staking, IDO staking, anti-scam verification, and a fair lottery system.

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Recent Video Interview

Main points of the interview:

• Partnership Highlight: Discussed collaboration between Wombat and Polkastarter for their upcoming IDO.
• Community Engagement: Emphasized using OAT NFTs for event participation.
• Platform Growth: Over 2.6 million users and 1.2 million NFTs minted.
• Future Plans: Aiming to onboard millions of new users to Web3 gaming.

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How Can Projects Use Polkastarter?

Polkastarter enables projects to raise funds through swap pools with fixed token prices, providing advantages such as price stability throughout the sale. Beyond fundraising, the platform supports various applications, including closed OTC deals, discounted sales with allowlisted addresses, investment syndicates, and crowdfunding.

POLS Token Utility

The native POLS token serves two main utilities within the Polkastarter ecosystem. Firstly, POLS Power Staking for Pool Access determines a user's chance of participating in IDOs and NFT sales, functioning as an accelerator. Secondly, POLS Staking for Pool Access allows users to stake POLS tokens, providing immediate access to current and future IDO applications. POLS holders gain entry to token pools and can receive different allocation amounts based on their POLS holdings.

Polkastarter Gaming Guild

Polkastarter launched the Gaming Guild to support GameFi projects and connect gaming enthusiasts globally. With over 70,000 Discord players and 30,000 Twitter followers within three months of organic growth, the guild has become a significant force in the blockchain gaming space. Polkastarter has allocated a $2 million fund to support emerging gaming and Metaverse projects, fostering scholarships through the Polkastarter Gaming Guild. The guild acts as an esports team, lowering barriers to entry and offering a player-centric commission rate of up to 80-90%.

The Polkastarter Gaming Guild operates similarly to an esports team, taking on upfront costs and providing a high commission rate to players. The guild actively supports games through marketing, AMAs, content creation, community events, and tournaments. By empowering players to play and earn, the guild aims to contribute to the growth of the blockchain gaming ecosystem, transitioning from a "play-to-earn" state to a more game-focused "play-and-earn" state with higher-quality games and a crypto-savvy player base.

Polkastarter Team Background and Investors

Founded in the last quarter of 2020 by Daniel Stockhaus, Tiago Martins, and Miguel Leite, Polkastarter initially launched on the Ethereum blockchain and later expanded into a multi-chain, decentralized fundraising platform. It enjoys investment from Astronaut Capital, DFG, Kyros Ventures, Moonrock Capital, NGC Ventures, Signum Capital, SRC, and Vendetta.

Project Development

In anticipation of 2024, Polkastarter maintains its commitment to democratizing early-stage fundraising for Web3 innovation. The revival of Initial DEX Offerings (IDOs) on Polkastarter introduces Overlay Protocol as the inaugural project, backed by prominent investors like Polychain Capital, 1kx, ParaFi, Metacartel Ventures, and The LAO. Overlay Protocol stands out with a Fully Diluted Valuation (FDV) of $16 million and an appealing initial market cap of $363k at IDO, emphasizing a fair tokenomics model that prioritizes early stakeholders.

The protocol addresses a significant market gap by specializing in illiquid markets, offering traders a diverse range of exotic trading options, including trading cards, rare sneakers, tweets from Elon Musk, video game items, NFT collections, and more. Overlay Protocol operates on Arbitrum, a leading Ethereum Layer 2 rollup, providing fast and cost-effective transactions within the burgeoning Arbitrum ecosystem.

Overlay's tokenomics model extends beyond trading incentives to reward liquidity providers and engage the broader DeFi community. The protocol's commitment to fairness and sustainability empowers users to participate in crucial decisions shaping its future. As Polkastarter kicks off IDO season in 2024, anticipation builds for a promising lineup of projects on the platform.

Polkastarter Price Analysis

As of November 24 2024 Polkastarter has a marketcap of $38M. This is {{percentagefromath}} from its all time high of $7.51. In terms of its tokenomics, there's a total supply of 100M with 99% currently outstanding. Keep in mind Polkastarter has a fully diluted value of $38M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.