What is Poolz Finance Launchpad and How to Participate?
In this article, we will explain how to participate in lаunchpads on the Poolz Finance platform and take a closer look at how it works.
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Table of Contents
- What Is Poolz Finance?
- How Does Poolz Work?
- Poolz Statistics and Performance
- Poolz Launchpad IDO: Tiers
- What Do You Need to Participate in IDO on Poolz?
- How to Get Whitelisted on Poolz IDO: $POOLZ Rules
- Poolz Launchpad IDO: Tiers
- Poolz Whitepaper
- Project Team
- Should I Choose Poolz?
- Frequently Asked Questions
What Is Poolz Finance?
Poolz Finance is a decentralized cross-chain IDO platform that enables project owners to raise capital for their projects while offering investors access to early-stage investment opportunities. It offers a Fixed Swap mechanism that allows investors to purchase tokens at a fixed price during a predetermined time frame, as well as a unique lottery system that gives all investors an equal chance to participate in the IDO. To participate in an IDO on Poolz, you need to follow specific steps, including getting whitelisted and meeting the minimum requirements for participation.
How Does Poolz Work?
Poolz works by providing a decentralized cross-chain IDO platform that enables project owners to raise capital for their projects while giving investors access to early-stage investment opportunities. It offers a Fixed Swap mechanism that allows investors to purchase tokens at a fixed price during a predetermined time frame, and a unique lottery system that gives all investors an equal chance to participate in the IDO. In addition, Poolz plans to introduce a Dutch Auction mechanism in the near future, which will allow investors to bid on tokens and determine the fair market value of the project.
Fixed Swap
Poolz offers a Fixed Swap mechanism that allows investors to purchase tokens at a fixed price during a predetermined time frame. This mechanism removes the possibility of front-running and ensures a fair distribution of tokens to all investors who participate.
Lottery System
Poolz also offers a unique lottery system that gives all investors an equal chance to participate in the IDO. This system is designed to prevent large investors from dominating the allocation of tokens and ensures a fair distribution to all.
Dutch Auction
Poolz also plans to introduce a Dutch Auction mechanism in the near future. This mechanism will allow investors to bid on tokens and determine the fair market value of the project. This will ensure that investors are not overpaying for tokens and that the project owners are raising the capital they need to succeed.
Poolz Statistics and Performance
Poolz Finance has seen significant growth since its launch, with numerous successful IDOs and partnerships with leading projects in the DeFi space. As of August 2021, the platform has raised over $1 billion in liquidity, with a total of 53 projects launching on the platform. Poolz has also partnered with major industry players such as Polygon, Matic, and Binance Smart Chain to expand its reach and offer investors access to a wider range of investment opportunities.
Poolz Launchpad IDO: Tiers
Poolz Launchpad IDO has 3 tiers: Bronze, Silver, and Gold. Each tier has different requirements for participation, such as the amount of $POOLZ tokens held, the duration of holding the tokens, and the number of tickets earned. For Bronze tier, investors need to hold a minimum of 1500 $POOLZ tokens, while for Silver and Gold tiers, the minimum requirements are 3000 and 5000 $POOLZ tokens, respectively. The duration of holding the tokens is also longer for higher tiers, with Gold tier requiring the longest holding period of 60 days. Investors can earn tickets by holding $POOLZ tokens, with each ticket giving them a chance to participate in the IDO. The number of tickets earned increases with the holding duration and the number of $POOLZ tokens held.
What Do You Need to Participate in IDO on Poolz?
Source and Copyright © Poolz Finance (here and later in this article)
Step 1: Make sure you have enough Poolz to participate in the IDO
- The more $POOLZ tokens you lock on the platform, the more lottery tickets you earn. For every 250 $POOLZ locked, you earn one lottery ticket, with a chance to win an allocation. For example, if you lock 1,000 $POOLZ, you will receive four lottery tickets and increase your chances of winning an allocation through the lottery system.
- The top 100 holders of $POOLZ tokens are guaranteed to receive IDO and PreIDO allocations. The leaderboard will determine who the top 100 holders are and will be explained later.
- Poolz Party offers a guaranteed allocation to 50% of users who were not selected for any IDO during an entire month. This is for the last IDO of the month and users must meet certain requirements, such as keeping their Poolz tokens locked and applying for each IDO.
- Users are required to keep their Poolz tokens locked and apply for each IDO in order to meet the requirements.
Step 2: Connect Your Wallet to Poolz Web Page
To connect your crypto wallet to the Poolz platform, visit their website at https://www.poolz.finance/ and click on "Connect Wallet" located at the top right corner of the Poolz page. From there, you can select your preferred wallet from the popup menu.
- Metamask wallet is recommended for a seamless experience.
Step 3: Lock Your $POOLZ
Locking $POOLZ tokens is a mandatory step for participating in IDOs on Poolz. After connecting your wallet, you can lock your tokens on the official Poolz locking page found here.
NOTE that:
- You can choose to customize the lock period of your $POOLZ tokens, with a minimum requirement of 7 days.
- Once you have successfully locked your Poolz tokens, they will be visible in the "My Tokens" tab and can be claimed after the locking period has ended.
- The Poolz platform has a daily leaderboard that displays and ranks the wallets that have locked $POOLZ. If you earn a rank within the top 100 by locking enough $POOLZ, you will receive a guaranteed allocation in the upcoming IDOs and Pre IDOs. Otherwise, your IDO allocation will be determined through a lottery system as long as you have locked the minimum requirement of 250 $POOLZ tokens.
Step 4: Complete Whitelist Requirement
All POOLZ holders have to register on the blockchain for IDO participation, including Top 100!
So, now, every user must sign a transaction using their wallet to confirm they are active and will participate in the IDO by pressing the “Join Whitelist” button, as presented above.
The whitelisting confirmation transaction is on the Binance Smart Chain (regardless of the project network), so the fees will be negligible and the whole process will take just a few seconds to finish!
We came up with this strategy as in the past some of the whitelisted participants failed to participate in the IDO despite winning an allocation. This led to IDO allocations being wasted, which would have instead been given to other users.
Step 5: Win Allocation
The IDO Whitelist Winners will be published in Poolz main TG channels approximately 24H before the IDO along with other information such as IDO Purchasing time and Claiming & Listing details.
Allocation Purchasing: In https://www.poolz.finance/lobby you will be able to connect to the IDO pool and as soon as the sale will start, purchase the required allocation
Claiming
If you have won an allocation and participated in the IDO, the IDO tokens can be:
Automatically airdropped into your wallet without you having to claim them. This further simplifies the IDO process on Poolz.
Claimed manually from https://www.poolz.finance/my-tokens “My Tokens” as the following example:
Upon completing these steps, you will have successfully finished the IDO process on Poolz. Congratulations!
How to Get Whitelisted on Poolz IDO: $POOLZ Rules
To get whitelisted on Poolz IDO, you need to hold a minimum of 250 $POOLZ tokens in your connected wallet. Then, you need to complete the whitelisting requirement by signing a transaction on the Binance Smart Chain to confirm your participation in the IDO. The IDO Whitelist Winners will be published in Poolz main TG channels approximately 24 hours before the IDO, along with other information such as IDO purchasing time and claiming & listing details.
Poolz Launchpad IDO: Tiers
Poolz Launchpad IDO has 3 tiers: Bronze, Silver, and Gold. Each tier has different requirements for participation, such as the amount of $POOLZ tokens held, the duration of holding the tokens, and the number of tickets earned. For Bronze tier, investors need to hold a minimum of 1500 $POOLZ tokens, while for Silver and Gold tiers, the minimum requirements are 3000 and 5000 $POOLZ tokens, respectively. The duration of holding the tokens is also longer for higher tiers, with Gold tier requiring the longest holding period of 60 days.
Poolz Whitepaper
Poolz Whitepaper can be found on the official website of Poolz Finance. It provides an in-depth insight into the platform's features, its vision, and its roadmap. It covers topics such as the Fixed Swap mechanism, the lottery system, and the Dutch Auction, as well as the platform's partnerships and future plans. Investors and project owners interested in Poolz Finance should read the whitepaper before participating in any IDO on the platform.
Project Team
Poolz Finance Founders
- Guy Oren, Co-Founder & CEO
- Liam Cohen, Co-Founder
The Poolz Finance team is composed of experienced professionals in the blockchain and finance industries. The team includes experts in software development, marketing, business development, and finance. The CEO of Poolz Finance is Uriel Peled, an experienced entrepreneur with a background in software development and finance. The team is committed to providing a safe and efficient platform for investors and project owners to participate in the decentralized finance ecosystem.
Should I Choose Poolz?
This article is not a financial advice. Before joining an IDO on Poolz Finance, make sure you meet the requirements, like having a minimum amount of $POOLZ tokens and holding them for a certain time. Also, learn about the special features of Poolz, such as the Fixed Swap, the lottery, and the Dutch Auction. To be safe, read the Poolz Whitepaper and research the project team before joining any IDO on the platform.
Frequently Asked Questions
Is Poolz Safe?
Poolz Finance prioritizes security and has taken steps to protect users' funds, including a thorough security audit by top blockchain security firms, multi-sig wallets, and smart contract auditing. However, as with any decentralized platform, there is always a risk, so users should conduct their own research and take precautions to safeguard their investments.
How do I participate in Poolz?
To join an IDO on Poolz, users must hold a minimum amount of $POOLZ tokens and meet their tier's duration of holding requirements. They must also complete the whitelisting process by signing a transaction on the Binance Smart Chain to confirm their participation. The IDO Whitelist Winners will be announced in Poolz main TG channels around 24 hours before the IDO, along with purchase time and claiming & listing details.
What makes Poolz Unique?
Poolz offers a Fixed Swap mechanism for purchasing tokens at a fixed price during a set time frame. They have a lottery system for IDO participation and plan to introduce a Dutch Auction mechanism soon. Poolz has experienced growth since launch with successful IDOs and DeFi partnerships.
