Polkastarter is a decentralized fundraising platform. It enables people to find backers and raise funds for crypto-related projects. This fundraising website has a native token called POLS.
The Polkastarter Coin currently trades at around $0.4 and has a market value of over $40 million, according to CoinMarketCap. It has a circulating supply of 99 million out of a maximum of 100 million.
What Is Polkastarter Used For?
It is a governance token. Thus, it gives holders the right to submit proposals and vote on changes to the Polkastarter fundraising website. Holders can also stake their tokens to support the operations of the Polkadot (DOT) blockchain and earn more tokens as a reward.
POLS is the official token of Polkastarter. Thus, you can also use it to fund promising cryptocurrency and NFT programs listed on the fundraising service. These programs are vetted by a team of professionals that conduct deep due diligence. Once approved, the projects are listed, and you can participate in what the platform calls an “Initial Decentralized Offering (IDO)” with your tokens.
So far, the Polkastarter platform has nearly $50 million for over 100 cryptocurrency projects.