What is Polars (POL) | What is Polars token | What is POL token

What is Polars (POL) | What is Polars token | What is POL token

The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform's commission income. The first polar token pair available for trading on the POLARS platform are the BLACK and WHITE polar tokens. What is Polars (POL) | What is Polars token | What is POL token

In this article, we'll discuss information about the Polars project and POL token

The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform's commission income. The first polar token pair available for trading on the POLARS platform are the BLACK and WHITE polar tokens.

Base Concept

The price of polar tokens depends on the results of specific external events

Let’s summarize the basic concept of Polars as simply as possible in 10 points:

  1. There are two polar tokens.
  2. The first polar tokens created on the Polars platform are BLACK and WHITE tokens. For the convenience of perceiving information, below we will use these polar tokens (BLACK and WHITE) as an example.
  3. These two polar tokens exist exclusively in pairs and have a specific aggregate value.
  4. If the WHITE token rises in price, then the BLACK token will fall in price by the same amount. Conversely, if the BLACK token rises in price, then the WHITE token will fall in price by the same amount. But it is important to note that their aggregate price will remain unchanged.
  5. No matter how the price of polar tokens changes to each other, their aggregate price always remains unchanged. Therefore, if a user owns the same amount of two polar tokens at once, the value of his assets remains unchanged. But if a user owns one of the two polar tokens, the value of his assets can either rise or fall.
  6. Which token will fall in price and which token will rise in price is influenced by the results of specific events from the real world. For example sports competitions, political confrontations, or exchange rates.
  7. Buying one of the polar tokens, the user makes a kind of bet on the victory of one of the warring parties.
  8. For ease of perception, and to increase the competitive spirit, we have introduced the concept of 2 polar opposing teams: White Team and Black Team. Within the framework of a specific competition, one of the opposing sides falls on the side of the White Team, and the second on the side of the Black Team.
  9. As part of a specific event that affects the price of polar tokens BLACK and WHITE, the standard volatility of tokens fluctuates within 5%. That is, if the White Team wins, the price of the WHITE token will increase by about 5%, and the price of the BLACK token will fall by the same amount.
  10. Every day, the price of specific polar tokens can be consistently influenced by from 5 to 15 events from the outside world, therefore, the price of polar tokens can change more than 10 times per day.
  11. Each subsequent event uses the prices of the polar tokens of the previous event as initial ones. Consequently, several consecutive victories by one of the teams will have a cumulative effect on the price of polar tokens, but their total value will remain unchanged.

Consequently, users buy, sell, exchange and hold polar tokens based on the predictions they make in relation to those events that affect the price of polar tokens.

Example

For a maximum understanding of the mechanics of polar tokens, we propose to consider an illustrative example:

  • Initial price of WHITE token: $0.56
  • Initial price of BLACK token: $0.44
  • Total price of polar tokens: $1
  • Upcoming competition: Football, Champions League, Barcelona — Real Madrid.
  • White Team — Barcelona, ​​Black Team — Real Madrid.
  • The assumed volatility is 5%.
  • Let’s assume that the user predicts the victory of Real Madrid, the Black Team. The user buys BLACK tokens at the current price of $0.44.
  • The event is happening, and indeed, the Real Madrid (the black team) won in this competition. The price of the Black token has grown by 5% to the level of $0.462, while the price of the White token has fallen by the same amount. But their aggregate price has remained unchanged.
  • New WHITE price: $0.538
  • BLACK new price: $0.462
  • Aggregate price of polar tokens: $1

As we can see, the asset value of the user who bought BLACK tokens has grown and now he has several options for further actions:

  • Sell ​​BLACK tokens and fix the profit.
  • Leave BLACK tokens if the user predicts the Black Team will win in the next event.
  • Exchange existing BLACK tokens for WHITE tokens if the user predicts the White Team will win in the upcoming event.
  • Buy cheaper WHITE tokens in addition to the existing BLACK tokens and become a market maker of the Polars platform on more favorable terms, earning from swap fees and income from farming

In fact, there are many more options for action and various strategies to increase efficiency than described above, but we will talk about them in our next articles.

As you can see, this polar tokens model solves one of the main problems of the prediction market — the lack of liquidity and trading volume. Within the framework of one pair of polar tokens, the interests of many user groups intersect at each moment of time, so the liquidity for buying and selling should presumably be more than enough to carry out impressive trading volumes on the platform.

Additionally, as part of the Polars concept, we have implemented quite a few mechanics that expand the opportunities for earning various groups of users. In addition to making money on forecasts, users will be able to earn as liquidity providers. Thanks to the unique secondary pool design, there are many profitable arbitrage opportunities due to the absence of slippage, and the risk of Impermanent Losses is eliminated for liquidity providers.

Users will be able to receive additional rewards in management tokens for carrying out various activities on the Polars platform: making a trading volume, making a trading volume by referrals, participating in voting on the platform, providing liquidity of polar tokens.

30% of all commission fees of the Polars platform are distributed among the holders of management tokens. 20% of the fees are sent to the base pool, increasing the security of polar tokens, which increases their total value. The remaining 50% of commission fees are shared by liquidity providers. We will write about how the Polars platform is technically arranged in subsequent articles, within the framework of this article, our task is to analyse the basic concept of polar tokens.

Multichain Platform Development

Another important feature of Polars is multi-chain development. To begin with, we are launching the platform on the Ethereum network and Binance Smart Chain. Further, according to the plan, the platform is being deployed in the Polkadot network, as well as in other networks compatible with Ethereum EVM. This will allow users to choose a network in order to optimize commission fees and allocate liquidity according to the number of users and their activity in different networks.

Clear horizons, access limitless cross-chain liquidity. Fast transactions, low fees, growing community. Coming soon.

The classic traditional implementation of the reliable Defi protocol. Suitable for those users for whom tradition is more important and they are willing to put up with high network fees. Available.

Implementation of the main POLARS protocol within the BSC network for users who care about their money. High transaction speed, low fees, growing liquidity and trading volume. Ideal for today's POLARS users. Available.

Polars liquidity distribution program has several stages:

  1. Private Sale [150mln POL] — April-May 2021
  2. *Pre-sale for testers *[34.1mln] — May 2021
  3. Public sale [5.8mln POL] — end of May 2021
  4. _- _Phase 1. IDO Platforms [2.5mln POL]
    • Phase 2. Balancer LPB [3.33mln POL]
  5. Liquidity farming program [2,5mln POL] — June-August 2021
  6. Testers airdrop [5mln POL] — TBA

Let’s take a closer look at each of the stages.

Governance  Token

POL is used in the Polars ecosystem to manage the platform, vote, revenue share, increase yield farming APY, and create new polar tokens.

100%: Total emission - 2,000,000,000 POL 70%: Yield Farming - 1,400,000,000 POL 20%: Team - 400,000,000 POL 7.5%: Private Sale - 150,000,000 POL 2.5%: Public Sale - 50,000,000 POL

Release Information

Team: locked for 9 month, then 25% per quarter Private Sale: locked for 6 month, then 25% per quarter Marketing: locked for 6 month, then 25% per quarter Public Sale: fully unlocked and 1-6 month lockup for testers

Private Sale

We receive many requests from users with an offer to participate in a private sale, but our main task at the current stage is to get powerful and competent backers in the face of venture funds and institutional investors. In the ranks of the Private Sale participants, we would like to see successful venture funds, influencers and opinion leaders, infrastructure players and other institutional investors. These categories will be given the opportunity to acquire most of the Private Sale allocations. We are interested in getting investors and partners on board who see potential in our idea and intend to help in the development of the platform for a long time.

[7.5%] 150,000,000 POL for Private Sale investors.

Minimum investment: $50,000

Lock-up: 6 month, then unlock 25% per quarter

Date: April-May 2021

Pre-sale for testers

Users who will actively participate in the beta testing of the platform, beginning in April, will have access to the closed pre-sale stage. To do this, the user needs to be added to the white list of testers and follow the instructions for testing the platform. We want active users to become owners of governance tokens on the best terms, which is why we have singled out this stage of the token sale separately. The maximum allocation for one Ethereum address is $ 1000.

[1.68%] 34,165,000 POL for pre-sale for testers Maximum allocation for eth-address: $1000 Option 1: $0.15, lockup 6 month Option 2: $0.20, lockup 3 month Option 3: $0.25, lockup 1 month Date: May 2021

Public Sale

Phase 1

IDO Platforms

At the moment, we are negotiating with several IDO platforms and determine with them the final conditions and timing of the token sale. List of platforms to be announced.

[0.125%] 2,500,000 POL for IDO Platforms Price $0.2 Date: end of May 2021

Phase 2

Balancer LPB

We endorse the token sale model by creating smart pools on Balancer. This eliminates annoying bots that buy faster than human users and drive up the price very high before regular users can buy tokens at the normal price. On Balancer it is possible to wait until the price reaches an equilibrium value within the framework of the current supply and demand. This is true for users.

[0.16%] 3,333,333 POL for Balancer LPB Start Price $0.3 End price $0.2 Date: end of May 2021

Liquidity farming program

Immediately after listing on Uniswap and Pancake Swap, the Liquidity farming program starts. Users can add liquidity to POL-ETH, POL-USDC pairs on Uniswap and add liquidity to Pancake swap and receive POL token farming within a month after listing.

[0.125%] 2,500,000 POL for Liquidity farming program Terms: 3 month after listing on Uniswap Date: June 2021

Testers airdrop

Sometime after listing on Uniswap, we plan an airdrop of POL tokens among all users who participated in the beta testing of the Polars Platform. We have allocated a specific number of tokens, which will be evenly distributed among all testers who are on the whitelist and have met all the necessary testing conditions.

[0.25%] 5,000,000 POL for Testers airdrop Terms: TBA Date: TBA

This is where the liquidity distribution program ends. After that, POL tokens can only be obtained as a result of activity on the Polars platform. We suggest studying the article about mechanisms of farming. In order to learn about the benefits and benefits of owning POL tokens, we advise you to read the article on POL Governance tokens.

Final key metrics

  • Hardcap: $14.9M
  • Initial marketcap at TGE: ~$2.5M

Prices:

  • Private: $0.05
  • Pre-sale: $0.15 — $0.25
  • IDO: $0.2
  • Balancer: $0.3 — $0.2
  • Uniswap: end price of Balancer

How and Where to Buy Polars (POL) ?

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

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 POL from the website: https://polars.io/pol-token

The top exchange for trading in POL token is currently ..........

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once POL gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com  ☞ https://www.bittrex.com  ☞ https://www.poloniex.com  ☞ https://www.bitfinex.com  ☞ https://www.huobi.com

Find more information POL

WebsiteWebsite 2WhitepaperSocial ChannelSocial Channel 2Message BoardMessage Board 2

🔺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.

🔥 If you're a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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