INTRODUCTION:
The global world has developed progressively with blockchain as the driving force to development in the world's finance and creation of wealth. A lot of people now know that cryptocurrency is a digital money used for mainly transactions, forgetting its involvement in the DeFi market. Decentralized Finance(DeFi) is a concept that was introduced in the cryptoworld and has caused major growth. Some professionals believe that DeFi has also made an impression on the blockchain platform.
Poolz is a layer-3 liquidity exchange that helps to connect early-stage investors with project owners. Initial DeFi Offering(IDO) and Initial Liquidity Offering(ILO) has made it possible for innovators to look for ways to raise income through a decentralized and censorship-free means. The Automated Market Makers(AMMs) has also made a token's liquidity very important in the market which will determine its price. Poolz give early-stage innovators the chance to participate in liquidity mining with more steady returns. Poolz vision is to enhance the interaction between cross-chains.
Poolz users can be divided into two:
- Project owners: It is important for a project owner first of all, own a crypto wallet and choose a blockchain protocol relating to the preferred project. Poolz accepts projects that is run on the Ethereum blockchain and uses metamask wallet available in the MVP stage. Poolz will give the users the option to unify with other ERC20 and non-ERC20 wallets and also assist different blockchain protocols in the nearest future. Project owners can develop their own pool by choosing 'create a pool', then the project owners would point out some specifications for the creation of pool e.g the exchanging ratio and the total disbursement of tokens in the specific pool. After the project owners finish putting down the details to create the pool, they select 'start' to register their pool on their preferred blockchain. Finally, project owners pay for sustenance of the platform.
- Investors: Poolz UI is developed in an interactive manner thereby making investors browse through all the pools available; past or present. They are also given access to some features of the specific pool. Investors are similar to the project owners when it comes to choosing a specific blockchain protocol. After choosing a particular blockchain protocol, the investor clicks on 'join' where they would input the number of token to be bought or invested in. A compulsory credibility check will be carried out as a safety precaution.
POZ TOKEN:
POZ is the token for poolz and is built on the Ethereum blockchain. Owning the POZ token makes investors and liquidity supporters capable of enjoying the many ways the POZ token can be used:
- Staking: When POZ token holders stake their POZ tokens in ERC-20 wallets, they generate an indirect annual profit. POZ would also receive staking rewards.
- Governance: Poolz will adopt the Proof of Stake mechanism to let token holders stake their tokens in a particular wallet in order for them to obtain voting rights. Limited-period staking will be introduced into this mechanism and will be explained more when the platform governance means of using the POZ token is launched.
Official Informations :
Website: https://poolzdefi.com/
Medium: https://medium.com/@Poolz
Twitter: https://twitter.com/Poolz__
Telegram: https://t.me/PoolzOfficialCommunity
Telegram Announcements: https://t.me/Poolz_Announcements
Github: https://github.com/PoolzAdmin/Poolz
Our live code on Discord: https://discord.gg/8REVabc
AUTHOR
Bitcointalk Username: Bestmanbuka
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2125805
POA: https://bitcointalk.org/index.php?topic=5280470.msg55337428#msg55337428
ETH Wallet Address : 0x5A94EDe83782823B0F87958159f7B1143F4b8E11