News of the week 📣
This week, we talked about the advantages of the Polars platform, boasted a strong team, shared our YouTube videos, and recalled the concept of polar tokens — let’s sum up.
🔹 Benefits of the Polars platform
(1) We solved the problem of low liquidity in the prediction markets. We built a system in which liquidity providers add liquidity to a pair of polar tokens instead of events.
(2) Gamification, which makes prediction exhilarating and adds team spirit.
(3) Convenient, user-friendly, and regularly upgraded application
(4) POL governance token holders can control the platform through voting
(5) Arbitrage opportunities
(6) Risks that are manageable
🔹 What is the background of our team?
We have gathered people worldwide with an excellent background: the development of tokenomics, market-making strategies, and their implementation, creation of trading robots for platforms such as Binance Futures, participation in the development of products such as Sora, Polkaswap, CBDC. We are proud that we managed to combine experienced specialists in our project.
🔹 Polar Tokens
White and Black tokens are tokens whose value changes depending on the results of events in the outside world. For example, users of the platform predict the results of sports competitions, political events, changes in the exchange rate, and assume who will win and choose the strategy.
The minimum and standard change in the tokens price is 5%, but the cumulative value of White and Black tokens is always the same; now, it is $1.
🔹 Polars on Youtube
We regularly release videos on YouTube, and here’s what you can view about Polars.
Polars Platform — video about the platform`s establishment: https://youtu.be/1pYzmliJE2k
Unique Platform Device — video about the ecosystem and project structure: https://youtu.be/MBLyv3YlXEE
POL, Farming, Fees, and Voting — https://youtu.be/oqLVA6nKSk0
Earning opportunities — how different categories of users can earn on the platform: https://youtu.be/6GBLrMn7ZRY
Join us on Youtube or other social networks convenient to you!
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http://polars.io/
Topic: [ANN] Polars | The new DeFi concept for the Prediction Market - page 2. (Read 314 times)
FAQ
We answer frequently asked questions about the Polars platform operation.
What is Polars?
Polars is a new concept of the prediction market. It is a decentralized platform with a multi-chain structure that allows users to predict the results of events in the outside world and earn. Users watch football and basketball matches, tennis tournaments, presidential elections, cryptocurrency exchange rate changes, and other events with opposing sides.
What is POL?
POL is the platform governance token. Holding a token makes it possible to influence the platform’s operation by voting. Also, it allows to receive rewards in the form of commissions and participate in staking and farming programs.
What are White and Black tokens?
White and Black tokens are a pair of polar platform tokens; their rate is defined by the result of events users predict. These tokens are in line with White and Black teams that platform users "root for". For example, a user is watching a football match and assumes that a team from Manchester will win. The platform automatically pegs the White Team status to the Manchester team. If it wins, the rate of the White token will grow, and the Black token`s rate will fall. The minimum amount of token price change - volatility - is 5%; it changes while users vote.
How can I earn?
The platform provides income opportunities for different user types: POL token holders, advanced users, platform players who make predictions, liquidity providers, arbitrageurs, and traders. Learn more about the types and volumes of income in this article:
https://medium.com/polars-platform/polars-how-much-can-you-earn-yield-calculator-f402a17af1af
What differentiates Polars from other prediction markets?
The main problem with prediction markets is the low liquidity of unpopular events. The Polars platform does not have this problem: liquidity providers add liquidity not to a specific event but to a pair of polar tokens. There is no connection with the event’s popularity since polar tokens are always maximally liquid. This mechanic distinguishes Polars from other prediction markets.
Join Polars on social networks and keep abreast of the project development!
___
http://polars.io/
We answer frequently asked questions about the Polars platform operation.
What is Polars?
Polars is a new concept of the prediction market. It is a decentralized platform with a multi-chain structure that allows users to predict the results of events in the outside world and earn. Users watch football and basketball matches, tennis tournaments, presidential elections, cryptocurrency exchange rate changes, and other events with opposing sides.
What is POL?
POL is the platform governance token. Holding a token makes it possible to influence the platform’s operation by voting. Also, it allows to receive rewards in the form of commissions and participate in staking and farming programs.
What are White and Black tokens?
White and Black tokens are a pair of polar platform tokens; their rate is defined by the result of events users predict. These tokens are in line with White and Black teams that platform users "root for". For example, a user is watching a football match and assumes that a team from Manchester will win. The platform automatically pegs the White Team status to the Manchester team. If it wins, the rate of the White token will grow, and the Black token`s rate will fall. The minimum amount of token price change - volatility - is 5%; it changes while users vote.
How can I earn?
The platform provides income opportunities for different user types: POL token holders, advanced users, platform players who make predictions, liquidity providers, arbitrageurs, and traders. Learn more about the types and volumes of income in this article:
https://medium.com/polars-platform/polars-how-much-can-you-earn-yield-calculator-f402a17af1af
What differentiates Polars from other prediction markets?
The main problem with prediction markets is the low liquidity of unpopular events. The Polars platform does not have this problem: liquidity providers add liquidity not to a specific event but to a pair of polar tokens. There is no connection with the event’s popularity since polar tokens are always maximally liquid. This mechanic distinguishes Polars from other prediction markets.
Join Polars on social networks and keep abreast of the project development!
___
http://polars.io/
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