Introduction
The objective of the Poolz DeFi network hinges on uniting the business innovators and investors through blockchain and cryptocurrency innovations and technologies. This article focuses on the project flow for innovators on the Poolz network.
Supported Blockchains & Wallets
The first step required from project owners is to identify and register with one of the supported blockchains and wallets on the Poolz platform. The relevance of their proposed businesses or innovations should influence their choice. Currently, for projects in the MVP stage, the blockchain and cryptocurrency wallet supported by the Poolz network is Ethereum and the MetaMask wallet respectively. The incorporation of other blockchain ecosystems will occur on the platform in the future; this is the plan of Poolz. With the attainment of this in the future, there will be the integration of other wallets such as Coinbase, WalletConnect, Fortmatic Portis, into the platform. More so, the addition of non-ERC20 wallets will also happen in the future, and this will offer users varied options.
Innovators’ Pool Creation
The flow of the process of developing projects by innovators on the Poolz platform starts with the creation of a pool. Users can do this by clicking on the “create a pool” button. This step initiates the creation of the pool. The framework of the Poolz network has a firm non-intervention policy that governs it and it is in the best interest of innovators and business owners to adhere to them. Below are certain criteria users should know and follow before creating a pool as a PO:
As stated earlier, there is a need to choose a supported wallet for your project, and hence POs need to provide specific information on the token. These details include the token address, which should include the name of the token and the ticker. While Poolz still works on incorporating non-fungible ERC271 token in the future and create cross-chain interactions and functionalities, ensure that the token is compatible with ERC-20 tokens, as this is the acceptable tokens in the MVP stage.
The total amount of tokens obtainable for the specific auction or pool.
Another parameter business owners should follow is the asset accepted for payments and inbound auction contributions. POs need to know the exchange pairs supported on the Poolz platform in the MVP stage. Currently, the pair tokens available for payments or pool offerings are ETH and DAI, often both. Poolz intends to extend their swapping pairs to accommodate as more tokens as possible and this begins with the adoption of other blockchain protocols.
The exchange ratio is also an important criterion every innovator should know and understand. The ratio is a factor of the price of the auctioned token and the selected liquidity asset. Poolz network usually offers a percent discount for POZ token holders, often a percentage of the ETH price.
Regardless of the type of pool, either a Time-locked pool or Direct Sale Pool, it is important to keep an update of the span of the pool. Innovators can keep track of the start and end of the auction, as well as the current stage of the pool. The specific time allowed to discount exclusively for POZ token holders is possible.
For more information on this very remarkable project, visit the following URLs
Website: https://poolzdefi.com/
Lightpaper: https://docs.poolzdefi.com/whitepaper/litepaper
Whitepaper: https://docs.poolzdefi.com/whitepaper/whitepaper
Telegram: https://t.me/PoolzOfficialCommunity
Twitter: https://twitter.com/Poolz__
Discord: https://discord.gg/RgPjgUY
Medium: https://medium.com/@Poolz
AUTHOR'S DETAILS
Bitcointalk Username: Onyiiok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2766257
POA: https://bitcointalk.org/index.php?topic=5280470.msg55332471#msg55332471
Eth Address: 0xC6F3c5821Fd62421c6A03888e9Ff8b8C2483B9Bd