PolkaRoad could be your saving grace if you are looking for an IDO platform. Funding isn’t all for a crypto project to grow. At Polka Road, PolkaRoad believes that the maximum amount of funding is the support of a robust, supporting, and interesting community. A community that believes the maximum amount within the project as does the team that backs it. My belief within the power of community was the rationale they founded the Polka Road. It is the first Unique and Engaging community-oriented network for fundraising platform on Binance Smart Chain (BSC).
Why Understanding Tokenomics is Important?
Tokenomics consists of two words “Token” and “Economics.” Tokenomics is the quality of a token that will convince users/investors to adopt it and help build the ecosystem around the underlying project of that token. So, when we say “quality” what exactly do we mean? To put it simply, anything that impacts the token’s value is a part of tokenomics. Tokenomics is also helpful as guidance to understand how much an asset might be worth in the future. For example, many people new to crypto will think something like, “If this coin becomes as valuable as Bitcoin, then one day” while in reality, it might never be possible.
Token Details Of PolkaRoad
Total Supply - 21,000,000 PRD
Tokens Unlock - Liquidity: 1,000,000 PRD
Smart Contract - 0x62afa078281e88ca1dff5c0a5c4b030a8e73a4ad
Token Distribution of PolkaRoad
Presale - 40%
Bounty & Airdrop - 6%
Marketing - 4%
Ecosystem - 20%
Liquidity - 30%
Features of PolkaRoad’s PRD Token
PRD is the native token of the PolkaRoad ecosystem. The main features of the PRD tokens are:
Rewards for farming
Like other Defi platforms, there'll be many pools for farming. Liquidity providers will earn an amount of PRD that corresponds to the entire amount of liquidity that they added.
Governance
PRD holders have the right to vote to vary parameters, features, and developmental roadmaps of the PolkaRoad ecosystem within the future.
Lending fee
Using PRD for fees to borrow on PolkaRoad Lending, the user will receive a 50% discount, and therefore the remaining 50% are going to be burned to support the deflationary token mechanism.
Launchpad
To participate in future projects on PolkaRoad Launchpad, a user must lock a particular amount of PRD to farm lottery tickets.
What Is The Deflation Mechanism of PolkaRoad Tokenomics?
Token supply deflation could be a mechanism that ensures that the company will generate demand for tokens within the market, and cut back supply at an equivalent time. This suggests that instead of accepting RMT as a payment token on the platform (which must be recirculated), RMT can instead be accepted as fees that are able to be burned. For example, if the corporation makes USD 200,000 in sales and charges 1 chronicle as fees in RMT, USD 2,000 value of RMT can have to be compelled to be purchased from the market (demand) and eventually burned; i.e, for well taken out of circulation/stock of provisions. I wanted to ascertain the extent to which this model can have an effect on value development, and that I developed an easy model with fictitious figures. you'll be able to edit the text in blue on the Google Sheet from the link.
Road Map of Project PolkaRoad
Q1 – 2021
● PolkaRoad Project Live
● Build IDO Platform
Q2 – 2021
● Token Presale
● Airdrop & Bounty Launch
● Public IDO Listing
● IDO Launchpad Live
● Launch Meme Token
Q3 – 2021
● Partnership
● Exchange Listings
● Liquidity Farming own Platform.
Q4 – 2021
● Wallet DApp Release.
● NFT Launching
The future of fundraising is now. All of us must realize we need to think out of the box and be proactive in a reactive world. Our jobs are very difficult at best, and we should determine better ways to do our jobs. It concerns me when young professionals sample the nonprofit fundraising job world and leave quickly, suffering from burnout. That tells me they have only been taught to be transactional and not transformational. The essence of fundraising is to change lives, make a difference and promote what is good for others. It is certainly not just a sales ask with nothing to be given in return. Join PolkaRoad if you like to be a part of the awesome future.
You can take closer to Polkaroad by a look at the following links:
Website: https://polkaroad.net/
White Paper: https://docs.polkaroad.net/
Telegram Channel: https://t.me/polkaroad/
Twitter: https://twitter.com/polkaroad
Medium: https://polkaroad.medium.com/
Author
Bitcointalk Username: Crystalcoin24
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2248351