Polkstarter is a platform for launching and managing IDOs. An IDO is a pre-launch token offering in which early-stage projects will sell a limited number of tokens to whitelisted community members.
For projects, Polkastarter can solve the problems of fund raising, community growth and sustainable token distribution. Additionally, Polkastarter’s fixed-price transactions ensure that no community member can take an excessively large position in the token, preventing post-launch volatility.
For participants, Polkastarter provides early token access and project exposure. Projects with pre-launch access and low entry prices are usually reserved for large investors. Polkastarter gives community members early access to projects vetted by the Polkastarter team.

POLS is Polkastarter's native utility token and is used in the following functions:
IDO Whitelisting: Community members cannot participate in IDOs unless their address is whitelisted by the project raising funds. The acquisition of the white list is random, but will be distributed in proportion to the number of POLS tokens held. Users who have 250 POLS in each address will get an admission ticket or ticket to enter the whitelist lottery. The more tickets a user has, the better the chances of being successfully whitelisted. Learn additional information about whitelisting and the IDO process here.
Liquidity mining: POLS token holders can provide liquidity to the ETH-POLS pool and BNB-POLS pool on Uniswap and PancakeSwap.
Governance: Token holders need to stake POLS to vote and submit proposals. Proposals are first discussed off-chain and then submitted as on-chain proposals. Proposals on each chain will be reviewed and implemented by the Polkastater development and management team.

The protocol consists of the following main components working together:
Fixed Price Exchange: A fixed price exchange limits the amount of ETH or BNB that community users can exchange for project tokens. This mechanism ensures that IDO participants cannot receive large amounts of tokens early in the listing process, maintaining the goal of decentralized and permissionless participation.
Interoperability: Polkastarter is currently available on both Ethereum and Binance Smart Chain (BSC). Polkastarter strives to expand to more chains and provide opportunities for projects and community members to participate in IDOs.