City, country, 7th July 2021. A fully decentralized incubator and accelerator for polygon projects is now live on the MATIC network, making it the first launchpad for polygon projects, called Polystarter.
As a decentralized platform, Polystarter connects supporters and investors with premature polygon ventures and innovators.
Polygon, an India-based startup, previously known as MATIC has become one of the top 20 cryptocurrencies in the world. The reason for Polygon's growth is because of the ethereum challenges it tackles, being a layer-2 solution for ethereum provides scalability, interoperability, and much cheaper transaction fees on the blockchain, without compromising on security.
Polygon is now a household name in the crypto space and provides varied applications in sectors such as NFT’s (non-fungible tokens) , DeFi’s (Decentralized Finance), DApp (Decentralized Application) and DAO’s (Decentralized Autonomous Organizations).
Polystarter's long-term objectives include community-driven decisions based on a fair voting and proposal mechanism. This allows the POLR community to play a bigger role in decision-making.
With that being said, and with the development of a user-friendly, interactive staking platform on Polystarter, holders of the $POLR token will have the opportunity to stake and sign up to participate in raising funds for their preferred projects which are available on the Polygon.
Investors are provided with a fair tier system in which they have the possibility of owning a portion of the project. Several packages are provided for investors to choose from. The packages start from 100 POLR to 15,000 POLR. New users can learn how to stake $POLR on their platforms. Since its inception, 1.4 million POLR have already been staked, which is at-least 60% of their circulating supply.
Polystarter offers an extensive IDO (Initial Dex Offering) selection structure meant to take on only premium, new, and innovative IDOs in order to maximize the value and returns delivered to investors. POLR tokens must be staked on the platform for investors who want to participate in upcoming IDOs. Tokens will be locked in for a period of time after registering for the next sale. The pool weight ratio is calculated according to the amount of $POLR staked.
Polystarter’s growth journey has proved the importance of putting the community first, while assuring continuous progression and development of the platform.
Polystarter is a decentralized accelerator focused on the creation of Polygon (MATIC)-based projects. Offering assurance, offerings, governance, fairness, and a POLR accelerator program. Polystarter's mission is to develop and launch high-quality, new, and unique initiatives (Initial Dex Offerings) which maximize the value and benefits to users and community members.
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