Polkastarter is a decentralized fundraising platform that allows blockchain teams and companies to raise funds for and launch their projects. It enables projects to create multi-chain token pools while raising funds and growing their communities.

Polkastarter is an IDO launchpad for decentralized and multi-chain token pools. It allows crypto startups to raise capital in a fixed swap pool and distribute their new tokens to early investors. Polkastarter was founded in 2020 by Daniel Stockhaus, Tiago Martins and Miguel Leite.

As of Q1 2022, it has helped more than 100 projects raise USD 45 million through private and public sales. Apart from IDOs, the platform also supports GameFi launchpads, meta universe land sales, and other NFT sales.

Polkastarter is a multi-chain decentralized fundraising platform that offers low transaction fees. New projects can launch with Polkastarter on different blockchains such as Ethereum, BNB Chain, Polygon, Celo and Avalanche. Projects can also accept all tokens compatible with these networks during IDO sales.

A fully decentralized and compliant launchpad for blockchain and digital asset projects. The Polkastarter IDO selection process, know-how and network ensure that projects get a unique opportunity to bring their ideas to life and then receive long-term growth support.

By choosing Polkastarter, projects can increase their visibility, grow their respective communities and benefit from the blockchain ecosystem's leading pool of advisors and partners. At the same time, IDO participants are given the chance to participate in early-stage blockchain investments in a secure and compliant environment across multiple chains, including Ethereum, Binance Smart Chain and Polygon.

POLS STAKE and KYC

Staking allows POLS token holders to stake their tokens on-chain instead of keeping them in their wallets.

⦁ Staking is immediately eligible to apply for the new IDO permitted lists - no need to wait 7 days

⦁ Instead of waiting for 7 days until you qualify for the authorized list, your POLS will be locked for 7 days

⦁ After the 7-day lock period expires, you can withdraw money at any time!

💡 Staking is available on Ethereum and BNB Smart Chain.

Phase 1

Go to the dashboard and connect your wallet. We recommend using the desktop version of MetaMask. Make sure you are on the correct chain (BSC or ETH) depending on where you hold your POLS. Step 2

In the Deposit and Lock tab, enter the number of POLS you want to bet on. You can see all the POLS that are currently available to stake as your balance. You can use the MAX button to stake all coins. Make sure you have enough ETH/BNB to cover the Gas fee and click 'Deposit and Lock'.

💡 If you encounter an error while staking, try again without decimals, i.e. enter 250 instead of 250.123456789 Phase 3

Sign the staking agreement (if you are staking for the first time), pay the gas fee and confirm the staking.

That's it! On the left side of the dashboard you should see that your POLS Staked count has increased. Your POLS Power will be updated in the next snapshot, which we will take in maximum 24 hours.

___ ⚠️ Important: The main difference between holding and staking POLS is that the POLS tokens you stake will immediately turn into POLS Power (there may be some delay, but it can be put on the allowed list, don't worry); your POLS will be locked for the next seven days (instead of waiting seven days when holding in the wallet). There is no APY in POLS token staking.

Staking tokens also comes with network fees as well as smart contract risks. Especially when it comes to Ethereum, where staking costs between $50-100, staking on Binance Smart Chain is much cheaper, but still keeping in mind that the smart contract risks are the same on both.

Bridge $POLS from ETH to BSC network

If you received it in ETH Network, you can bridge POLS to BSC network by following the steps below.

To transfer POLS (or any other token) from Ethereum to Binance Smart Chain, you will need to use the Multichain.xyz Exchange Tool.

Here is the step-by-step process to transfer your POLS from Ethereum to BSC.

Step 1: Go to app.multichain.org. The team at Multichain has created an excellent exchange tool that we will use to move your POLS from Ethereum to BSC.

Step 2: In the top right corner, click on "Connect Wallet" and connect your MetaMask to Multichain. Make sure to select Ethereum Mainnet as we are moving tokens from Ethereum. You should be seeing something like this: Step 3: Select the 'Router' tab (at the top), you will see the menu from the image above.

Step 4: In the top box (From), find POLS in the token list and make sure it is bridged back to the Ethereum Mainnet and Binance Smart Chain. You can also paste the POLS token address in the search field instead. Step 5: Enter the amount of POLS you want to bridge and click the 'Change' button. Step 6: You will now be asked to pay some fees for the transfer and confirm the transactions in your wallet. Are the fees okay with you? Then go ahead and complete the transaction.

KYC for Polkastarter IDOs

See here for a complete overview of the IDO process.

If you have participated in many Polkastarter IDOs in the past, you might be asking yourself this question:

Why do different projects have different approaches to KYC processes?

If you have not yet joined an IDO, you may be asking:

Why do I need to complete KYC?

For early-stage projects, staying compliant throughout product development - and especially during a token launch - is crucial. KYC is standard practice among financial institutions offering/distributing any type of service or asset. Going through a KYC process ensures that every IDO participant is vetted and deemed "fit" to participate.

The process is important in ensuring compliance with the legal requirements surrounding fundraising, not only on the blockchain but in the wider 'real' world. Traditional investment and betting platforms typically include KYC in their compliance procedures to guarantee the legality of their operations.

Due to the borderless nature of blockchain and crypto assets in general, determining which countries will be allowed to participate in our IDO has proven to be somewhat of a legal quagmire. Due to the lack of clarity of regulations for many countries and their tendency to err on the side of caution, we consulted a specialist law firm who provided us with a comprehensive list of exclusions.

We analyzed the exclusion lists of many projects operating in the same jurisdiction as us and after consultation with some of our investors, a few venture capitalists and incubators, we reviewed the list with the legal team and settled on a slightly less restrictive list of countries.

Every user who joins our IDO is individually vetted and goes through a KYC process before being added to the allowed list.' - PolkaLokr

Polkastarter is a platform that provides secure, efficient and user-friendly access to some of the highest opportunity IDOs in the ecosystem. We partner with these projects to support them in their token launches, advise them on their community growth, and introduce them to our own incredible community of blockchain enthusiasts.

However, Polkastarter does not have any direct control or authority over a project's KYC requirements or process. Depending on where projects are located, the structure of their organization, token design, and more, each project will have different reasons for requiring KYC to ensure legal compliance. Projects may choose to restrict participants from certain countries due to a region's crypto laws or its status as a high fraud risk area. Here is another example of a previous IDO project's approach to KYC.

'Fractal ID is a conversion-optimized authentication provider specializing in crypto and DeFi environment. In all IDO projects they support, their laser focus on user conversion ensures a comfortable user journey and high compliance.

In simple terms, this is how it works:

First, the user clicks on a KYC authorization link.

The user is then processed through the KYC journey, which includes liveness checks, face matching and identity document verification.

Then, a team of specialized operators will verify the documents in any language. If there are no additional documents required, the user will receive a confirmation email, as well as the status of a verified user.' - Fractal Protocol

Polkastarter has no control over this KYC process and cannot require that individuals KYC'd from one IDO are automatically KYC'd for future IDOs - as each project reserves the right to different, nuanced and specific KYC requirements.

We would like to emphasize once again that not being able to participate in a specific IDO due to specific country restrictions is out of our control. Polkastarter is not in a position to 'add countries to the allowed list' for IDOs.

POLS Power: What is it?

Powered by the platform-specific POLS token, Polkastarter provides early access to tomorrow's ideas. This access is granted exclusively to a limited number of community members who continuously accumulate POLS Power.

We decided to create POLS Power to facilitate the work of all our users and to enable you to determine your chances of participating in IDO and NFT sales with a single number.

POLS Power is basically an aggregator that counts the available POLS balance from various sources. This includes the number of tokens you hold in your wallet, the amount of POLS you have staked and the LP tokens you may have.

The first threshold for eligibility for the Allowed List is 250 POLS Power. This means that having 250 POLS Power gives you ONE entry ticket for the draw in each IDO you apply for. As this number increases, so do your chances of being on the Allowed List - having 750 POLS Power means you have 3 tickets and so on.

💡 Remember that you can only win each allowed list once. Multiple tickets increase your chances of winning, but do not increase the maximum allocation.

There are also POLS Power levels designed to incentivize holding and staking more POLS tokens. We have divided them into Tiers, with the value of each ticket (worth 250 POLS) increasing as you level up.

⦁ 250+ POLS Power = Each ticket is worth 1 ticket ⦁ 1,000+ POLS Power = Each ticket is worth 1.1 tickets ⦁ 3,000+ POLS Power = Each ticket is worth 1.15 tickets ⦁ 10.000+ POLS Power = Each ticket is worth 1,20 tickets ⦁ 30,000+ POLS Power = Each ticket is worth 1.25 tickets and has No Waiting Time* * No Downtime means skipping the 7-day pause period during which you cannot be added to the allowed list again.

⚠️ NOTE: All POLS and LP tokens held or staked in your wallet are combined into a single POLS Power balance from both Ethereum and BSC networks.

POLS Power: How to get it?

There are many ways to get POLS Power. We explained this briefly above, but here is a more concrete breakdown to make sure you have the right information.

✊ Keeping POLS in the Wallet

The easiest and cheapest way to get POLS Power is to buy POLS and keep it in personal wallet like MetaMask.

For example, you can choose to buy POLS tokens on Binance, Huobi or Coinbase, but you need to move them to a non-custodial wallet before you can interact with the world of decentralized finance, which includes Polkastarter.

Note that only POLS in non-custodial wallets on Ethereum or Binance Smart Chain are eligible to convert to POLS Power, which you can then use to apply for the IDO allowed list.

⚠️important Cüzdanınızda tutulan POLS, taşındıktan veya satıldıktan ancak 7 gün sonra POLS Gücüne dönüşecektir. İzin verilen listelere anında erişmeniz gerekiyorsa, lütfen bunun yerine tahsis özelliğini kullanın. İşte bununla ilgili daha fazla bilgi.

🔒 POLS Stake

Another way to increase your POLS Power is to stake POLS tokens instead of keeping them in your wallet. If you can't or don't want to wait 7 days, this is a great option. POLS staking makes you instantly eligible for all currently open and future allowed lists.

However, staking comes with network fees as well as smart contract risks. Especially in the case of Ethereum, where staking costs between $50-100, it is much cheaper to stake on Binance Smart Chain, but still keeping in mind that the smart contract risks are the same on both.

⚠️ Important: The main difference between holding POLS and staking is that your staked POLS tokens are instantly converted into POLS Power, but are also locked for the next 7 days (instead of waiting 7 days).

💧 POLS Farm

Finally, you can also increase your POLS Power by providing decentralized liquidity. We have official trading pairs on two decentralized exchanges (DEX), Uniswap (ETH/POLS) and PancakeSwap (BNB/POLS). Uniswap is the leading Ethereum DEX, while PancakeSwap is one of Binance Smart Chain.

Keep in mind that while you are paying fees to Uniswap and PancakeSwap liquidity providers, your capital is also at risk of Temporary Loss. We strongly recommend that you understand the risks of being exposed to two assets at the same time before choosing this option.

Where to check the Application Status

Once you have found the project you want to support and applied to the allowed list, you can check your application status in your Dashboard after linking your wallet.

There are 5 possible application cases:

Applied (Applied )

You have applied for this IDO. When the Allowed list closes, check back here to see if you have already been selected.

Pre-selected

Congratulations, you have been pre-selected! Soon the project team will invite you to complete KYC, make sure to check your inbox and junk box.

KYC Open

Check your emails (and junk) for the invitation and complete KYC using the email address you applied for.

Included in the allowed list (Allowlisted)

Congratulations! You're on the authorized list. Get your wallet ready for the IDO launch.

Unlucky

Sorry! You failed in this lottery. Good luck next time!

Possible reasons: bad luck in the draw, wrong quiz answers, failed KYC, failed AML, country restriction, insufficient POLS Strength, for everything you need to know about Unlucky in Waiting Time status click here

⦁ Cooldown Period

Your wallet is on a 7-day Cooldown starting exactly at the time of your last IDO participation. Users with 30k+ POLS Power are exempt from the Cooldown. Polkastarter IDO step-by-step guide

Step 1: Prepare your wallet

First of all, please note that Polkastarter currently only officially supports the desktop version of MetaMask. Other desktop wallets may work, but support for mobile wallets in particular is something we are still working on.

Start by checking which network IDO is on (for example, ETH, BSC or MATIC) and make sure you have enough corresponding tokens to cover volatility and network fees. While fees on BSC and Polygon range from a few cents to a few dollars, they can be painfully high, especially on Ethereum.

Volatility: Cryptocurrencies change value rapidly. We recommend having a buffer of at least 10-20% of what you need to participate. For example, let's say your allocation is $200 and you have $210-230 of ETH, BNB or MATIC in your wallet.

Network Fees: We recommend having at least 5-10 dollars worth for network fees on Polygon and BNB chain only and up to 150% buffer on Ethereum. You won't need them, but it's best to keep this much to be safe.

In conclusion, here is what we recommend:

⦁ Ethereum: Hold minimum 120-150% RESERVE

⦁ Binance Smart Chain/Polygon: Hold a minimum of 20-25% RESERVE You can see the wallet on the Projects page. Each project has a small icon showing which network the sale is on. Some projects may have sales on multiple chains, so make sure to check exactly which one you are added to the allowed list for!

Don't know how to withdraw money on Binance Smart Chain or Polygon? There are several bridges you can use. Keep in mind that after you create a bridge, you need to exchange each asset you've bridged. For example, ETH to BNB on BSC.

Official Binance Bridge (for ETH <> BSC)

Official Polygon Bridge (for ETH <> Polygon)

Step 2: Verify your allowed list status

Bunu web sitesindeki yeni Kontrol Panelimiz aracılığıyla kolayca yapabilirsiniz . Yukarıdaki menüden bunu seçtikten sonra, başvurduğunuz tüm izin verilenler listesi uygulamalarının durumunu görebileceksiniz. You can also click on a single project from the "Projects" menu and confirm your allowed list status from there.

As soon as you see on the Polkastarter Dashboard or Projects Page that you have been added to the allowed list, you can be sure that you will be able to participate in the sale when the countdown reaches zero Step 3: Prepare for Token Sale

On IDO day, go to the official page of the project where you will be added to the list of permitted ones. You can find all IDOs on our site, you can also access all up-to-date information about the upcoming IDOs!

You will probably be greeted with a Captcha test and this is completely normal. We recommend being on the website 5-10 minutes before the start of an IDO (you can see this in the image below in the top right corner) - to prepare your wallet and ensure access. It is very common that some IDOs last only a few minutes, so be there or be determined! While you wait, make sure to connect your MetaMask wallet and double-check the network your wallet is connected to. You must be on the appropriate network for the sale you are participating in. This could be Ethereum (ETH), Binance Smart Chain (BNB) or Polygon (MATIC). Step 4: Join the Sale

The page refreshes automatically when the countdown reaches 0. If you are on the allowed list, a "Join" button will appear and clicking it will redirect you to another page where you can make your actual contribution via MetaMask.

Note that you must always accept a disclaimer before you participate. After accepting, you can enter the amount you want to contribute. You can also press the MAX button ⚠️Important reminder ⚠️

Gas fees can sometimes be painfully high, especially on Ethereum. You can use ethgasstation.info or a similar tool to find out how much gwei is currently needed to ensure your transaction goes through and doesn't get stuck "on hold". You can then adjust the gwei settings directly from within MetaMask to match the information from the tool you are using.

Once the transaction is confirmed on the blockchain, you have successfully secured your tokens and are now the happy owner of the project you chose to back.

Step 5: Enjoy your new tokens!

A minute or two after confirmation, the Allocations page will update to show your successful participation in the sale. You should see something like this: From here, once the sale is over and the tokens are distributed, you can claim your tokens and you're all set! Make sure to follow the IDO project on their social media accounts to stay updated and continue to support them in the process.

Remember, with Polkastarter you get early access to tomorrow's ideas.

And that's it - easy as pie. Now go and get the permitted lists for yourself! Example : Join BSC Pool during the sale

If you are already a BSC user or are keen to join BSC pools in the future, we have put together this training guide to help you navigate when you join future IDOs. Warning: It's simple!

Important notes before you start

1. You will need $BNB to join BSC Pools to pay network fees. You can buy BNB on Binance.

2. If you have never connected your MetaMask to Binance Smart Chain, check out this tutorial on Binance Academy and complete the step before attempting to join a Polkastarter IDO BSC pool. Once you have successfully connected your MetaMask to BSC, continue with the steps below:

Step 1:

Go to Polkastarter.com and click on "Link Wallet" in the top right corner. Step 2:

Select BSC In the top right corner of the site you will see a drop-down button that says "Ethereum", "BSC", "Polygon" or "Celo".

Click on "Ethereum" and a drop-down menu will show all available networks. You should see "Binance Smart Chain". Click on it. Step 3: Confirm

The Polkastarter site is now showing Binance Smart Chain Pools! If there is a message in your wallet that you have selected the wrong network, please connect your MetaMask to BSC and reconnect Polkastarter with steps 1 and 2 above.

Step 4: IDO!

From here, you are ready to participate in future Polkastarter IDOs on Binance Smart Chain.

And yes - it's that easy!