2021-05-11 13:15:04
Polars is the new DeFi platform that seeks to solve the long-term liquidity problem in the Prediction market and 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. More info here
How platform revenues are generated and how these revenues are distributed among the stakeholders of the Polars ecosystem.
The main source of revenue generation is trading fees for making swaps in liquidity pools on the Polars platform. Users buy, sell and exchange polar tokens among themselves and they pay a liquidity fee for each transaction.
The trading fee rate for swap in the Secondary Pool is 0.5%, and the trading fee rate in the Trade Pool is 0.3% for the swap. The higher fee in the Secondary Pool is due to the fact that there is no slippage and the price is fixed, so users have no probability of losses as a result of slippage.
All income from the liquidity fee paid by users is distributed in several directions:
50% of the liquidity fee goes to market makers and liquidity providers who have added polar token liquidity to the Polars platform liquidity pools.
20% of the liquidity fee is sent to the Base Pool as an underlying asset, thereby increasing the security of minted polar tokens and increasing their aggregate price.
30% of the liquidity fee is sent to the governance token staking pool, where it is proportionally distributed among the governance token holders. More info here
Introducing POL: Polars Governance Token
One of the main advantages of POL tokens is the distribution of 30% of all commissions of the POLARS platform proportionally between the holders of POL tokens.
30% of all platform commissions are sent to a special pool in which they are accumulated. A user who owns POL tokens at any time can stake a proportional part of the commissions from this pool in accordance with his share of ownership of POL tokens.
POL is used to manage the Polars platform. Obviously, such decisions within the framework of decentralized applications should be made by the most active and involved users of the POLARS platform. These are the users who invest in the platform, block their funds, make a significant trading volume .. All these activities should be rewarded with the distribution of internal Governance tokens.
In general, most of the tokens (70%) are intended for distribution among users for their activity on the Polars platform. This will allow, over time, to transfer the management of the platform to the most competent and interested users who actively use the platform and participate in its development. More info here
Beta testing of the platform is a key activity for us when interacting with our users. Beta testing has 3 main objectives:
Fix possible bugs if found
To acquaint users with the functionality of the platform
Identify early adopters and reward them with benefits
We would like testers to be early holders of POL tokens on favorable terms, since their contribution to the development of the ecosystem is extremely meaningful.
Community feedback will help the Polars team to build a better platform that users can trust and rely on. Beta testing will include interaction with the base pool, the secondary pool (Liquid Pool), trading pool, farming contract, incentive contract, and event betting system. Overall, it will allow detecting all the bugs and defects in the protocol, subsequently getting them fixed by the developers. Participants, on the other hand, will be able to get acquainted with the platform and existing features. More info here
At the end of May Polars plans to conduct Phase 1 of the public sale, after which the platform will be launched in the BSC mainnet. Currently, the Polars team is negotiating the final conditions and timing of the token sale with several IDO platforms.
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