What is Polkaplay (POLO) | What is Polkaplay token

In this article, we’ll discuss information about the Polkaplay project and Polkaplay token

PolkaPlay is a unique platform where users can create content and convert it seamlessly to NFTs while earning rewards. Buy and collect the content you like or mint your content as an NFT and sell it on PolkaPlay. As the parabolic growth of NFT art is fueling the mass adoption of blockchain and cryptocurrencies, we believe that short videos, pictures and gamification will be a big part of this drive as well.

We are working towards enabling ease of access for our users so they can create, mint, tokenize, and share their talent with the world. Polkaplay is a unique platform where users can create images, short videos, and NFTs seamlessly while earning rewards. An NFT marketplace for creators and users that offers advanced features like, Rewards Hub, $POLO Staking and more to the users for an amazing user experience.

To make it so that each post can be turned into an NFT and sold is the key to the future of monetization, and one of our top priorities. Our gamified platform will also allow users to earn crypto rewards by staking $POLO tokens on creator’s profile. This will allow users to unlock content and earn $POLO tokens as staking rewards, while creators will be able to monetize their content more effectively.

Challenges

Millions of independent content creators currently have limited options to monetize content and viewers don’t get any rewards at all. There has been a growing trend towards fans supporting creators with growth in subscription-based platforms such as Patreon and OnlyFans however these platforms do not offer crypto rewards to all users. Polkaplay offers opportunity for content creators and viewers to earn crypto rewards. Some content creators are extremely successful while others are not so financially buoyant. They don’t have funds to finance their growth in terms of purchasing recording equipment and scale quickly. There are no options available for them to easily convert their content NFTs and offer it for sale from one platform so they can continue to create and engage the users who benefit in the process as well.

Solution and Benefits

Polkaplay allows content creators and all platform users to earn crypto rewards for their content, and the level of their engagement on the platform. With the help of $POLO token’s ecosystem all users can benefit from the platform. Users can choose to stake or utilize the token on Polkaplay platform to earn additional rewards and unlock exclusive content from their fav creators.

Creators will be able to engage the users and monetize effectively with the help of Polkaplay platform. Since the platform will allow creators to seamlessly convert their content to NFTs, creators will be able to do exclusive drops for their fans to scale effectively. They will also be able to share their content to other marketplaces and social media platforms. Since $POLO token incentivizes users for their engagement on gamifed Polkaplay platform as well. It’s a win win for everyone involved.

$POLO Ecosystem

Unique tokenomics of $POLO allows the platform users to earn token rewards for their engagement on the platform. You can stake these tokens to earn more rewards and unlock exclusive content from your favorite creators. $POLO aims to be a social cryptocurrency that can be utilized to buy and sell content on Polkaplay platform.

$POLO works by applying fees to the staking entry & exits. The fees are redistributed back to the ecosystem to generate rewards and sustain platform growth. Combination of entry and exit fees will ensure that staking vault will generate returns and the ecosystem will continue to grow.

Tokenomics

Team tokens and foundation tokens will have a 6 month lock period and will be released on 2% weekly basis after the lock period is completed. All tokens will be unlocked fully after 12 months. Part of the Foundation allocation will be used to provide creator grants to the creators on PolkaPlay platform. Please visit our website and read our litepaper for more information.

Use Cases of POLO

Utility: POLO tokens will be a medium of exchange and used as a primary mode of payment on the PolkaPlay platform. POLO tokens can be used to create and trade NFTs on the platform. Holding 100 POLO tokens will let users mint more than one NFT in a 24 hours period.

Staking: Users can stake POLO to participate in exclusive NFT drops from their fav creators and initial NFT offerings. POLO tokens will also be used for staking and liquidity pools in the Polkaplay ecosystem. Liquidity Providers who stake POLO will be rewarded with platform fees in the form of POLO tokens, enabling users to stake POLO and earn rewards. Our ecosystem also enables NFT Farming wherein users will be able to stake POLO tokens to farm rare NFTs.

Governance: POLO holders will authorize proposals and the votes on them. Anyone can stake POLO to create and vote for proposals.

A portion of the platform transaction fees will be used for governance rewards. By participating in voting, token holders may earn rewards. For proposals to be accepted, they must be endorsed by a sufficient amount of token holders.

POLO Tokenomics

Ticker: POLO
Token Standard: BEP20
Type of Token: Utility token
Total Supply: 1.8 Billion
POLO Price (USD) Public Sale: $0.008
Initial Market Cap: $580,320

Token Allocation and Distribution

Seed Sale: Allocated to investors in Seed Sale — (5%) 90,000,000 POLO
Private Sale: Allocated for investors in Private Sale — (1.5%) 27,000,000 POLO
Strategic: Allocated for strategic investors — (13%) 234,000,000 POLO
Public Round: Allocated for Public Sale — (1.5%) 27,000,000 POLO
Liquidity: Allocated for liquidity provision (DEX, CEX) — (14%) 252,000,000 POLO
Staking Pool — 5% 90,000,000 POLO
Marketing — 15% 270,000,000 POLO
Allocated for the team, strategic partners, and advisors — (20%) 360,000,000 POLO
Allocated for Farming activities — (6%) 108,000,000 POLO
NFT Emissions — (5%) 90,000,000 POLO
Foundation — (14%) 252,000,000 POLO

Token Vesting Schedule

Seed: 12% initially, 2-month cliff then 2% weekly release.
Strategic: 13% initially, 2-month cliff then 2.5% weekly release.
Private: 16% initially, 2-month cliff then 3% weekly release.
Public: 100% unlocked at TGE.
Team & Advisors: 6 months cliff, then 2% weekly release.
Foundation: 6 months cliff, then 2% weekly release.

Every time a user stakes, 1% entry and 10% exit fees will apply. Entry and Exit fees from the staking vault will be distributed to the farming, staking, rewards, and marketing pools in the manner below:

30% fees from the staking vault entry and exit will be utilized for staking vault APR
30% will be redistributed to the liquidity providers on Uniswap and other listed DEX
20% fees will be added to the rewards fund to continue rewarding platform users
20% fees will go to the marketing funds so the platform can grow and acquire

So, now that you have understood the POLO Tokenomics why not lock some POLO in our upcoming IDO? Yes, PolkaPlay IDO is just around the corner and we can’t wait to share the deets with you. So, make sure you follow our social channels to stay updated.

Key takeaways

Polkaplay is unique platform where users can create content and convert it seamlessly to NFTs while earning rewards. Create, mint, tokenize, and share your talent with the world.
Polkaplay is a NFT marketplace for creators and users that offers advanced features like, Rewards Hub, $POLO Staking and more to the users for an amazing user experience.
Our NFT marketplace allows users to tokenize content, convert it to NFTs, and list it for sale.
Users can Earn $POLO tokens for creating content and engagement on the platform. Rewards Hub enables users to track and redeem their earned tokens without any hassle.
Staking $POLO will allow users to earn staking rewards, unlock exclusive content, participate in exclusive NFT drops, and participate in platform governance.
$POLO tokens to advertise on Polkapay will allow users and businesses to get discounts.
Boost your visibility and monetize efficiently with help of $POLO token.

How and Where to Buy POLO token ?

POLO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy POLO token.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since POLO is an altcoin we need to transfer our coins to an exchange that POLO can be traded. Below is a list of exchanges that offers to trade POLO in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase POLO from the IDO exchange: **BSC Station and Poolz
**.

The top exchange for trading in POLO token is currently …

Find more information POLO

☞ Website ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Message Board

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

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What is Polkaplay (POLO) | What is Polkaplay token | What is POLO token