Polkastarter

If you’re reading this and you’re new to Polkastarter, welcome to the Polkastarter community! The entire process to participate in a Polkastarter IDO can seem complex, but we are here to help you out during the entire process. We’ve got you covered with this go-to guide to Polkastarter! In this article, we compiled all the important information you will need in just one place: from preparing your wallet to participating in an IDO. 1. Prepare Your WalletPolkastarter currently only officially supports the desktop version of MetaMask. Start off by checking which network the IDO is on (e.g., ETH, BSC, or MATIC) and make sure that you have enough of the corresponding tokens to cover volatility and network fees. Get to know all about Preparing your Wallet to participate in an IDO <a href="https://support.polkastarter.com/article/13-how-to-participate-in-a-polkastarter-ido" rel="noopener noreferrer nofollow">here</a>!2. How to Buy POLS Token To participate in an IDO you will need to start by buying your first bag of $POLS. The POLS utility token plays a critical role in the Polkastarter ecosystem by being the token for pool access, staking, and governance.Check out how you can do it <a href="https://support.polkastarter.com/article/7-how-to-buy-the-polkastarter-token-pols" rel="noopener noreferrer nofollow">here</a>!And head over to <a href="https://support.polkastarter.com/article/11-how-to-move-pols-from-eth-to-bsc" rel="noopener noreferrer nofollow">this support article</a> on how you can swap POLS from ETH to BSC.3. Why participate in a Polkastarter IDOYou might be wondering why you should go through all the trouble of participating in an IDO as a backer, what are the main benefits. Find all about in <a href="https://support.polkastarter.com/article/16-why-participate-in-a-polkastarter-ido-backer" rel="noopener noreferrer nofollow">this article</a>.4. How to participate in a Polkastarter IDOIf by now you’re convinced, <a href="https://support.polkastarter.com/article/13-how-to-participate-in-a-polkastarter-ido" rel="noopener noreferrer nofollow">here</a>’s a 4 steps guide on how to participate in an IDO.KYC is a standard practice among financial organizations offering/distributing any sort of service or asset. Going through a KYC process ensures every IDO participant has been vetted and found ‘fit’ for participation. ➡️ Get to know <a href="https://support.polkastarter.com/article/14-kyc-for-polkastarter-idos" rel="noopener noreferrer nofollow">here</a> the entire KYC process works.5. What is POLS Power &amp; how to get it?POLS Power makes things easier for all our users and provides you with one single number that you can use to determine your chances of participating in an IDO.POLS Power is an aggregator that counts the eligible POLS balance across several sources if you like. Learn more about POLS Power <a href="https://support.polkastarter.com/article/19-what-is-pols-power" rel="noopener noreferrer nofollow">here</a> and how you can get it <a href="https://support.polkastarter.com/article/20-how-to-get-pols-power" rel="noopener noreferrer nofollow">here</a>!6. POLS Liquidity We have official trading pairs on two decentralized exchanges (DEXs), namely Uniswap (ETH/POLS) and PancakeSwap (BNB/POLS). Uniswap is the premier Ethereum DEX, while PancakeSwap is the one of Binance Smart Chain.To successfully add POLS liquidity to PancakeSwap and gather the associated benefits, check out <a href="https://support.polkastarter.com/article/21-how-to-add-pols-liquidity-to-pancakeswap" rel="noopener noreferrer nofollow">this article</a> on how to do it.7. POLS Staking Right now, ​​ the Staking feature is available on Ethereum (ETH) and Binance Smart Chain (BSC). Learn <a href="https://support.polkastarter.com/article/22-how-staking-works" rel="noopener noreferrer nofollow">here</a> all the benefits of &nbsp;Staking POLS.⚠️ Important: The main difference between holding and staking POLS is that your staked POLS tokens will immediately turn into POLS Power, but will also be locked for the next 7 days (instead of waiting for 7 days).8. How does the Allowlist process workIf you’re new to Polkastarter, you might wonder what Allowlisting means. It’s easy! Getting allowlisted means your address will be eligible to participate in an IDO.Currently, there are 3 ways to get allowlisted:<ol><li>Hold POLS in your wallet for a minimum of 7 days</li><li>Hold POLS liquidity provider tokens on Uniswap or PancakeSwap for a minimum of 7 days</li><li>Stake POLS.</li></ol>Learn more details <a href="https://support.polkastarter.com/article/25-how-does-the-whitelisting-process-work" rel="noopener noreferrer nofollow">here</a>. If you join any sale you will be able to <a href="https://support.polkastarter.com/article/26-where-to-check-my-application-status" rel="noopener noreferrer nofollow">check your application status</a> on your dashboard.And that’s all! Now go <a href="https://polkastarter.com/" rel="noopener noreferrer nofollow">explore upcoming IDOs</a> 🕵️‍♂️About PolkastarterPolkastarter is the fully decentralized launchpad to launch new ideas in the blockchain and digital assets space. With an industry-leading curation process and market access, we select the most innovative projects in the space and offer them long-term support after their IDOs.With Polkastarter, crypto projects can increase their reach, grow their communities and receive support from crypto's most well-versed experts. IDO participants, on the other hand, are offered an opportunity to invest in a secure and compliant environment, as well as participate in IDOs not solely on Ethereum, but also on Binance Smart Chain and Polygon. Media Contact Polkastarter: press@polkastarter.com Connect with and learn more about Polkastarter<a href="https://polkastarter.com/?utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=why-polkastarter&amp;utm_content=why-polkastarter" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/polkastarter" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://discord.com/invite/6WwRrGbWu8" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/polkastarter" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.instagram.com/polkastarter/?hl=en" rel="noopener noreferrer nofollow">Instagram</a> | <a href="https://newsletter.polkastarter.com/" rel="noopener noreferrer nofollow">Newsletter </a>| Youtube

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