Poolz Finance

About Poolz Finance

IDO platform, a swapping protocol for cross-chain token pools and auctions, enabling projects to bootstrap liquidity for their prior to listing. With Poolz, we envision a trustless crypto market, which offers prospective startups, unbiased access to a willing and liquid market, able to get the project of the ground. By extension, this takes away the need and cost for ICO and IEOs, as well as the regulatory requirements that follow. Poolz is a decentralized, swapping protocol for cross-chain auctions of Fungible and Non-Fungible (NFT) tokens, as well as OTC deals. The core code is optimized for DAO ecosystems, enabling startups and project owners to bootstrap liquidity for their crypto-assets, prior to listing. The Poolz platform has already integrated with multiple blockchains and is planning to add support for the 10 largest blockchain networks Why Do We Need IDOs? By the end of 2017, ICOs and token sales raised an estimated $4.9 billion. Many projects used blockchain technology to solve problems. There are several issues with ICOs: they are centralized and vulnerable. While some have gone on to succeed, many have failed. A lack of privacy is another notable weakness of ICOs, as are third-party discrimination, vulnerability to theft, and human error. Because IDOs have a decentralized nature, they are trying to solve the issues of ICOs while adding new possibilities to the crypto market. By crowdfunding with IDOs, entrepreneurs can develop a blockchain product that goes beyond malicious third-party influencers and eliminates human error and hacking concerns. Additionally, token buyers and holders' coins are instantly secured in their wallets and private keys. Poolz’s Solution for Interoperable Blockchain Ecosystems While there are several pioneering platforms offering liquidity pooling opportunities, the idea with Poolz is to make liquidity pooling available for the pre-listing phase of the project, and for existing assets too. So it takes out that initial barrier to entry hurdle suffocating great solutions without the means for a grand market entrance. Poolz MVP is built as a DAO protocol on Ethereum, and the premise of the Poolz operations and governance is that the community gets to decide how governance and operations will evolve, going forward. So even though our team gets to set the initial operations, the community still gets to decide how it eventually evolves. The Cross-Chain Ecosystem and POOLZ token PoolzDeFi — a decentralized, swapping protocol — is building a robust, trust-minimized, and cross-chain ecosystem to connect project owners and investors. In this article, we discuss the cross-chain integration that supports the unified PoolzDeFi UI, thus enabling users to launch and participate in liquidity auctions and OTC deals across multiple blockchain ecosystems. <b>The Cross-Chain Implementation</b> The goal is to achieve full decentralization, but given the available resources, the journey has to be undertaken step-by-step. Starting off with the Poolz server acting as a bridge between different blockchains, the cross-chain implementation will occur in phases and finally replace the pseudo-centralized bridge with a fully-decentralized, shared consensus mechanism. In other words, PoolzDeFi’s cross-chain integration shall proceed from a bridge-based model to a para chain-based model. <b>Pools Benefits for $POOLZ Token Holders</b> - Swapping rewards: Liquidity providers get swapping rewards for participating on the Poolz network, in proportion to their contribution and the total liquidity deposited over the current week. Swapping rewards on the platform will be calculated and disbursed every 4 hour and in weekly cycles. However, this can be altered by governance in the future. - Mechanism: Suppose, LP (A) contributes to Pool (1) in the first 4-hour slot of Day(1) — Week(1). Now, if LP (A) is the only investor during this period, he/she get 100% of the swapping reward for that slot. Then, say, on the third 4-hour slot of Day (2) — Week(1), LP (A) would still be eligible for swapping rewards, but in proportion to the total liquidity deposited in the meanwhile. Likewise, LP (A) continues to get some reward for the remaining week. - Access to exclusive pools: As already mentioned, every pool on the platform is limited to $POOLZ token holders for an initial duration after its launch. Access to better swap ratios: Exclusive pools also offer special discounts for $POOLZ token holders, thus enhancing the possible returns for liquidity miners. Poolz Secured IDO Model - new IDO model Poolz was the first Defi launchpad to introduce the Risk-Free IDO Model to ensure Poolz Community funds’ safety in changing market conditions. That being said, not all Poolz IDOs will have the Risk-Free IDO features and some of the risks that we are seeing in this space are not only market-related. With the same drive to protect our community in difficult market conditions but also in situations where some of the Projects are underperforming because of human error or illicit intentions, we have added to our Poolz Secured IDO model the following : 1. The project must ensure a maximum of 1 month between IDO and listing *If the maximum term is surpassed, the Poolz Governance DAO system will decide if will give more time to the Project or will go to a full refund for our community 2. The project has to lock and assure enough liquidity for at least 12 months * This will ensure smooth trading and organic growth, giving confidence in long term Project commitment 3. The IDO tokens and any private allocations (if applicable) will be sent to the IDO platform wallet 24 hours prior to the scheduled IDO date and time * Failure to do so will delay the Project’s IDO to the next date available in the schedule, which could be weeks out, or may result in launch cancellation 4. Fair Token Claiming and Distribution * The IDO smart contract is set up to allow the IDO Platform’s community members to claim their IDO tokens no later than 10 minutes after DEX listing and not after any participating third parties 5. Maintain our Risk-Free IDO model and increase application in Poolz IDO Launches *Allow investors to claim back 100% of their funds within 24 hours after the token listing of each Project that conducted IDO on Poolz