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 1,000 POLS Power. This means that having 1,000 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 3,000 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 1,000 $POLS) increases as you level up.
- 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*
- Tier 50,000+ POLS Power = Guaranteed Allowlist Approval, No Cooldown & other benefits.
* 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 BNB Chain networks into one POLS Power balance.
⚠️ NOTE 2: POLS Power is not a token and you cannot withdraw it - it only has Polkastarter platform utility. However, if you have your $POLS tokens staked, you can withdraw them from staking on Polkastarter Dashboard. Make sure to switch to the correct chain - Ethereum or BNB Chain, depending on where you staked!