POLS Power: What is it?
Polkastarter, powered by the platform-native POLS token, gives you early access to the ideas of tomorrow. This access is exclusively granted to a limited number of community members who continuously accumulate POLS Power, which is a sort of point system used on the Polkastarter platform.
We decided to create POLS Power in order to make things easier for all our users and provide you with one single number that you can use to determine your chances of participating in IDOs and NFT sales.
POLS Power is essentially an aggregator that counts the eligible POLS balance across several sources. This includes the number of tokens you hold in your wallet, the amount of POLS you’re staking, and any LP tokens you might have.
The initial threshold granting Allowlist eligibility is 250 POLS Power. This means that having 250 POLS Power grants you ONE entry ticket for the raffle in each IDO you apply for. As that number increases, so do your chances of getting allowlisted — having 750 POLS Power would then mean you have 3 tickets and so on, and so on.
💡 Mind you can only win every allowlist once. Multiple tickets increase your chances of winning, but not the maximum allocation.
There are also POLS Power levels, designed to incentivize holding and staking more POLS tokens. We’ve broken those down into Tiers. The value of every individual ticket (worth 250 POLS) increases as you level up.
- 250+ POLS Power = Every ticket is worth 1 ticket
- 1,000+ POLS Power = Every ticket is worth 1.1 tickets
- 3,000+ POLS Power = Every ticket is worth 1.15 tickets
- 10,000+ POLS Power = Every ticket is worth 1.20 tickets
- 30,000+ POLS Power = Every ticket is worth 1.25 tickets & No Cooldown*
* No Cooldown means skipping the 7-day pause period when you cannot become allowlisted again.
⚠️ NOTE: All POLS, held in your wallet or staked, as well as LP tokens, are combined from both, Ethereum and BSC networks into one POLS Power balance.
⚠️ NOTE: POLS Power is not a token and you cannot withdraw it - it only has Polkastarter platform utility. You can withdraw your POLS tokens on Polkastarter Dashboard. Make sure to switch to the correct chain - Ethereum or BNB Chain, depending on where you staked!