Cryptocurrencies are well known for their high volatility, it has good things but also bad things. Surely you have ever felt frustrated with cryptocurrencies or surely you have had times where psychology has been a very important factor in your life, either because of the roller coaster of gains and losses involved or because we are in its birth and there are many things that escape you.
For this reason I want to introduce you to PolkaParty (https://www.polkaparty.io/), a platform available to everyone that allows users to gain access to all of DeFi’s features. The idea is that PolkaParty users can harness the power of group finance by pooling their funds using a multi-signature wallet to form a “party” with which they can buy, sell and hold cryptocurrencies.
What is PolkaParty?
PolkaParty (https://www.polkaparty.io/) is a user-friendly and easy-to-use platform that allows anyone to join a party, chat with members and be rewarded for group efforts. PolkaParty aims to create a favorable DIY DAO (party) service that is designed as a convenient passage for all participating “party” members to pool their funds for various activities and financial functions. To do that, it is expanding the PolkaDot ecosystem with an easy-to-use social network that exists to be the gateway to DeFi, DAO and many other exclusive features.
Key features of PolkaParty
Documentation
PolkaParty allows users to gain access to all of DeFi’s features by simply joining one of the parties it offers.
Voting models
In this case, the different parties will be formed by members, whose personal wallets are integrated to the parties’ wallet. Depending on the criteria set by the party at the time of its creation, parties will be formed by members who have voting power and some who do not have voting power.
POLP
POLP is PolkaParty’s governance token that will be used as a catalyst for most of the platform’s products and functions. Having POLP gives access to all kinds of fun giveaways including season passes, exclusive NFTs, advertising presales, rewards, etc.
Party Pass
A Party Pass is an NFT that can be purchased or earned. Party Pass NFT holders have early access to early stage project releases. These passes are valid for 3 months and can even be sold on NFT marketplaces such as OpenSea or Rarible.
Type of parties
Democracy: in the democracy party, each member has an equal vote in investment decisions and all decisions are made by majority vote.
Weighted democracy: in this case the weight of each party member’s vote is based on the percentage of the party’s total funds he or she owns.
Monarchy: in the monarchical party, one user controls the funds and makes investment decisions on behalf of the entire group.
Republic: In the republican party, a body of representatives is elected to make investments and important decisions on behalf of the party similar to a board of directors in a company.
Tokenomics
The main token of PolkaParty is POLP, a governance token that will be the deciding token in each of the different parties and will serve as a catalyst within the platform for any kind of function.
Token name: PolkaParty
Token symbol: POLP
Total supply: 200,000,000 POLP
POLP Price: $ 0.032
Conclusion
Polkaparty is a revolution without a doubt in the cryptocurrency and decentralized finance sector that will bring an added value never seen before in this sector. It will surely be a profitable project in the medium-long term as it is very innovative and is created in one of the fastest growing networks such as Polkadot.
Social Media Links
Website: https://www.polkaparty.io/
Whitepaper: https://polkaparty.gitbook.io/polkaparty/
Twitter: https://twitter.com/Polka_Party
Telegram: https://t.me/PolkaParty
Author Details
Email: [email protected]
Bitcointalk username: asperkennedy
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3380400
Ethereum wallet: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad
Bitcointalk Proof of Authentication link: https://bitcointalk.org/index.php?topic=5351932.msg57994796#msg57994796
Does it support Polka dancing?
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I think so
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