Polygon (formerly Matic Network) takes launching IDOs to a whole new level, thanks to a strategic partnership with Polkastarter.
According to reports, the next phase of Polkastarter (POLS) includes a collaboration with Polygon to facilitate cost-effective, faster, and multi-chain IDOs. The partnership with Polygon will also improve interoperability and scalability for the entire Polkastarter ecosystem.
2/2 Polygon will bring tremendous scalability, cost efficiency, and interoperability for the Polkastarter IDO ecosystem.
🚀 With Polygon, IDO projects and participants will experience lower gas fees and faster execution of transactions!
🌐 Learn More: https://t.co/8p7pdHsUOl
— Polygon (previously Matic) (@0xPolygon) June 1, 2021
Details of the Partnership
According to the official announcement, the partnership will improve interoperability between Polkastarter (POLS) and Polygon. This, in essence, means that projects on the IDO launchpad will enjoy better throughput and will generally be cost-effective. With Ethereum’s outrageous gas fees, IDOs on Polygon will enjoy lower fees and improved scalability. Also, projects will, basically, spend less on distributing tokens while IDO participants will spend less on redeeming their earnings.
Conclusively, Polkastarter and Polygon partnership will make launching an IDO more accessible and affordable to participants. The collaboration will also boost liquidity while ensuring upcoming pools receive much-needed support from community members.
Polygon is well-known for its vision of building “Ethereum’s internet of blockchains.” This vision is aimed at facilitating the infinite growth of the Ethereum blockchain without any form of scalability issues. Polygon looks to achieve this with special features that make it possible for interested developers to launch ETH-compatible and customized blockchains.
The IDO launchpad also disclosed that plans are in place to launch the first-ever IDO in collaboration with Polygon.
About Polygon and Polkastater (POLS)
Polygon (MATIC) is an easy-to-use, well-designed platform focused on Ethereum scaling and the general development of the ETH ecosystem. To achieve this, it makes use of its Polygon SDK framework specially developed to support connecting secured chains like Optimistic Rollups, zkRollups, Plasma, etc. Polygon also currently boasts of over 1 million users and approximately 350 Dapps.
Polkastarter, on the other hand, is a completely decentralized IDO launchpad. The Launchpad provides an enabling environment for the launching of new ideas. Users will also have access to ERC-20 assets and beyond. Interestingly, Polkastarter helps decentralized projects raise awareness, build a loyal community, and also receive long-term support.
Polkastarter also recently partnered with Unmarshal (MARSH). The partnership will help boost, top-notch, on-data statistics on Polkastarter.
POLS and MATIC Price
At the time of publication, POLS was trading at $1.80, with a market cap of $125,948,205 and a 24-hour trading volume of $17,757,203.
MATIC, on the other hand, was trading at $1.61, with a market cap of $10,125,029,968 and a 24-hour trading volume of $2,645,050,107.
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