The time has come for the big unveiling of our Q2 roadmap! It will be a quarter full of exciting new features, including the launch of our greatly anticipated Polkastarter 2.0 version. So let’s dig in!
- Polkastarter 2.0 is coming this quarter with new and improved features
- We are launching NFT drops that offer access to token sales
- Our Multi-Chain Offering won’t stop on Binance Smart Chain
- The Polkastarter platform is going to support Polkadot crowdloans
- The whitelisting process will be improved
Polkastarter’s newest version is almost finished and it’s going to be delivered during the second quarter of 2021. It will feature a brand new design and improved usability (listening to the constructive feedback of our community after launching over 40 projects over the past 3 months), and many new features that enhance user experience, make the whitelisting process fairer and enable projects to raise capital in new innovative ways.
NFTs are the single most exciting crypto technology of the moment. Offering a myriad of use cases and possibilities, NFTs have a perfect fit with what we are doing at Polkastarter, as this technology can be used as a whitelisting mechanism.
Because of this we decided to introduce the NFT farming mechanism in our roadmap for early Q2. Polkastarter token holders will be able to stake $POLS to get handcrafted NFTs. Those unique and exciting NFTs will then give access to the exclusive pools on Polkastarter.
New Multi-chain Pools
After launching the first Binance Smart Chain and Ethereum multi-chain pools, our focus will be bringing Polkastarter to new blockchains. And although we’re always going to focus first on Polkadot, as you will see later in this article, we are constantly looking for new opportunities. Our R&D will extend to blockchains like Polygon, Solana, Elrond, Avalanche and others. This vision brings true interoperability and cross-chain liquidity to Polkastarter.
Crowdloans Support for Polkadot and Kusama
Polkadot and Kusama Crowdloans ie. Parachain Auctions are going to be one of the hottest topics in 2021. Long story short, projects that want to run a network on Polkadot, will need to run and eventually win a parachain auction. Those auctions are called parachain auctions or crowdloans (previously Initial Parachain Offerings or Parachain Lease Offerings), and for teams to succeed they must incentivise their communities to stake Polkadot or Kusama tokens.
The process for staking and participating in a parachain auction needs to be simple and easy to use, and at Polkastarter we are working to provide exactly that. We have been working very closely with the team at Parity over the last weeks and want to thank them for all their input. Our platform for Polkadot and Kusama parachain offerings is already under QA, and we will have more exciting news soon.
Secondary Decentralized Offerings
Our Polkastarter family is growing all the time and we couldn’t be prouder. While we continue to work closely with all of them, our direct involvement with our Polkastars in terms of token sales usually ends after the IDO process and subsequent secondary market listing. Many times though, projects want to and need to be able to sell their marketing or liquidity tokens in a fair way, that doesn’t hurt the price on the exchanges.
At the same time, users want to keep supporting their favourite projects and potentially add new long-term positions. Enter the Secondary Decentralized Offering (SDO) model.
With SDOs, projects will be able to raise capital after they are listed on the secondary market, via a simple fixed swap mechanism with vesting. Teams can explore several dynamics and even use this mechanism as an extra marketing tool. We plan to launch this feature in early Q2. More info soon.
Vesting and ERC20 Raises
One of the key features to be released in the second quarter of 2021 is vesting contracts. Projects will be able to run fixed swaps and distribute tokens in any specified period of time. This is especially relevant for projects that want to raise private sales on Polkastarter, and it will open a whole new window of opportunity for both users and teams.
We are also releasing the support for ERC20 fixed swaps, opening the door for USDT and other digital currency pools, in an effort to simplify and extend the whole IDO process.
Delivering a fair and transparent whitelisting process is one of the biggest challenges in the IDO market. In Q1 we decided to move our whitelisting process on-chain in order to promote fair participation in our token sales and now we are ready to take the next step.
During Q2 we are going to announce a new whitelisting system that is more inclusive and gives higher chances to anyone trying to access our token sales. This system will use staking and liquidity providing mechanisms.
We are releasing off-chain staking soon included in a tool that will allow our users to check their whitelisting eligibility in real-time and access other types of perks and information. We are planning to move this system to a full on-chain environment.
One more thing…
We have something else that we’re very excited about and that the team is working on. It involves a new form of fundraising on Polkastarter and we’ll share more details in the near future.
And that’s it for big features. As for the little small details, we are always working on improving platform scalability and usability, adding security features, and constantly building a product that is easy to use, easy to explain, and easy to share.
Last but not least, we would like to thank our awesome community for making Polkastarter into what it is today. The team is working hard to find and help onboard the best projects for our community
Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets. With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment, and use assets both in and beyond the current ERC20 standard.