POLS is the ERC-20 utility token of the Polkastarter ecosystem with a total supply of 100 million.
POLS primarily runs on the Ethereum blockchain, but a BEP-20 token version on the BNB Smart Chain is also available.
POLS is used as a governance token: its owners can propose and vote on changes related to the development of the Polkastarter platform, its features, utility tokens, listing tokens, and more.
In the future, Polkastarter plans to switch to a fully automated DAO management structure.
🚀What is POLS Power?
POLS Power determines a user's chances of participating in IDO and NFT sales.
This is an aggregator that calculates the allowable POLS balance of users on the platform, including POLS in wallets and staking.
To access IDO, users' wallet addresses must be whitelisted.
In this lottery system, users receive 1 ticket for every 250 POLS. During the IDO, the addresses are chosen randomly.
The more tickets a participant has, the higher the chance of being selected, however, the more POLS, the higher the cost of tickets.
There are 5 levels in POLS Power that increase the cost of each ticket by 25%.
The highest level (from 30,000 POLS) also provides users with No Cooldown status, which allows them to participate in any number of IDOs, subject to passing KYC.