In essence, the term “public” is very important here. This can be likened to the one on the Ethereum public blockchain. On a public blockchain, there is no place for a centralized authority to govern this financial system.
The need for DeFi stems from the fact that financial services are not available to everyone worldwide. Nearly 1.7 billion people worldwide lack the means and access to financial services. Financial institutions are also unable to provide the necessary infrastructure to allow more people to access these services. The existing infrastructure is huge, but lacking in reaching everyone out there.
What is Polka Party?
The solution was to create a platform that would allow anyone to create or join a party with friends, family and most importantly DeFi veterans, navigating a landscape of endless profits from smart decisions.
You will no longer be frustrated with DeFiety (DeFi-Anxiety), or FOMO being a bad move for not knowing what to do, because you will be able to research, chat and vote with your colleagues
PolkaParty aims to create a profitable DIY DAO (Party) service designed as a convenient path for all participating party members to raise their funds for various financial activities and features.
PolkaParty provides a never-before-seen platform to join your friends and make real waves in the market. Not only will you compete for sweet profits, but we aim to create a competitive environment that rewards the most loyal and passionate parties.
Why Polka Party?
PolkaParty aims to expand the capital barriers that are set indiscriminately for active communities. The idea is that individual retail investors will no longer suffer the consequences of a drastic drop in the price of public token sales, but instead can participate in seed & private sales by having the right capital to devote to early stage projects.
The ultimate goal of the entire PolkaParty experience is to allow all users to be easily integrated into the entire DeFi ecosystem, without having to understand a lot of the technicalities of decentralized finance. Our belief is to create an easy-to-understand user journey, as individuals will have the opportunity to chat, research and immerse themselves in each other's side with more experienced personalities, who understand the formalities of the more profitable methods in crypto.
Polkaparty Features
- Yield Farming - A dedicated party for produce farming will be available on PolkaParty where a regulated wallet will supply liquidity. This allows users to share a larger reward when farming together than if they farmed alone.
- Loans - PolkaParty will allow users to borrow funds from parties without withdrawing their investment. Users will have access to funds without affecting their credit scores, with more flexible payment options, as well as instant approval for secured loans.
- Crowdfunding - Crowdfunding on PolkaParty will be available to allow users to connect with each other through tokens and projects with similar interests. This feature will be beneficial to engage with the community and share a greater return on investment.
- ICO Launchpad - PolkaParty will showcase upcoming ICO projects and allow them to create parties to join and help increase liquidity to fund them, as it is becoming a popular choice for new projects to raise capital through crypto launches.
- Property Investment Pools - Investment pools are a great way to bring real investment into the crypto world reducing barriers to entry into the property market. It will also allow people around the world to invest in property in countries they may have never had access to before.
How Does PolkaParty Work?
- Parties will consist of members, whose personal wallets are integrated into the party wallet.
- Depending on the criteria set by the party, the parties will consist of voting and non-voting members.
- Wallet addresses with voting power will eventually be able to provide party guidance with voting actions
- HouseKeys are generated for all users creating parties (Public or Private), through which users can join parties seamlessly on the main dashboard within the PolkaParties Portal.
- HouseKey is required to sign smart contracts, so your wallet will be integrated with party wallet.
- PolkaParty has built a time-interval based model that allows created parties to allow Partygoers to withdraw funds within a set timeframe.
- From such party's action, the user will be given a Daily, Monthly or Yearly + Withdrawal Time Sequence, to withdraw the profits back to the personal wallet.
- Penalty for early withdrawal of funds before the distribution interval for party members.
Democracy - Democratic parties are used to equalize and manage a group regardless of who, where and how many. Democratic parties are straightforward, everyone gets the same vote. Democrats use multisign wallets as a form of governance where every registered, active address is entitled to a transaction confirmation sent to EVM. This is one of the most technically basic forms of party government.
Weighted Democracy - The Weighted Democracy Model aims to provide an alternative solution to funding governance. In this model, the user has a vested interest in a party and can track their Party Power percentage. Simply put, the higher the proportion of parties a partygoer has, the more power he has over the governing vote. Technically, party weights can be compared to LP pools. The more pools you have, the higher the percentage of your payouts, prizes and party benefits.
Monarchy - Monarchy is the simplest and most risky type of party. Here at PolkaParty, believe in decentralization and equality, with this in mind, allow a Party to be created which gives all Party governments to give to one wallet, the Monarchy.
Republic - The Republic changes the game not only because of its ability to manage funds in an untrustworthy manner, but because it is the most efficient way to validate transactions or decisions of individuals within a small group (such as a board of directors) representing a larger entity. This is the most efficient model because it only requires the full attention of some parties. This governance model is the pinnacle of PolkaParty's innovation as it allows a representative body to create and manage their own funds. PolkaParty is very focused on creating a universal experience in allocating funds appropriately and adequately for large investments.
Polka Party Kickback
Kickback is an IDO event held every three months for early-stage projects launched on the PolkaParty platform. This early-stage project will soon receive verified parties on PolkaParty, get priority promotions on the platform for short-term token launches, as well as for long-term product features.
Token
POLP is PolkaParty's governance token and the main catalyst behind most of the platform's products and features. All protocol management decisions are made by the POLP holder: from new products to asset rebalancing, strategy and integration. POLP allows its holders to take control of their financial future.
Tokonomics
- Token Name: POLP
- Total Supply: 200,000,000
- Private Sale : 500,000 (20 million Tokens)
- Public Sale: 250,000 (781 NFT) (7.81 million tokens)
- Private Selling: $0.025
- POLP at launch: $0.032
Conclusion
Most crypto users themselves are stressed and frustrated dealing with the fear of DeFi or FOMO or other issues on the DeFi platform. It is good when crypto users can join the DeFi platform with their friends. And PolkaParty comes as a platform that offers all DeFi functions like swapping, liquidity provisioning, etc. The solution offered by PolkaParty is a platform that allows users to attend parties with their friends and receive rewards for their activities. Users can easily research, chat and vote with their fellow partners. This way, they no longer have to deal with issues like DeFi-Anxiety or FOMO alone, as they can join the party they want.
Detailed Information:
- Website: https://www.polkaparty.io/
- Telegram: https://t.me/PolkaParty
- Twitter: https://twitter.com/Polka_Party
- Media: https://polkaparty.medium.com/
Profile : https://bitcointalk.org/index.php?action=profile;u=2750501
ETH : 0xE42555f44ff0d1f38C56540b3FFA4428734dD775
No comments:
Post a Comment