New Hand Guide
What does Polkatrain do?
Polkatrain is a new generation of decentralized Polkadot ecological IDO initiated by overseas communities Offering platform, which serves Polkatrain ecology projects and DOT holders, launches on BSC, it will launch on Polkadot chain in the future. It integrates mechanisms such as on chain auction, decentralized autonumy, pledge mining, invitation of commission incentive and so on. It has the characteristics of decentralization, cross chain exchange, enabling Polkatrain ecology, low gas fee, fairness and security.It is a bridge between high-quality project parties and individual investors.
Early entrepreneurs can solve the problem of lack of project funds and resources on polkatrain and individual investors can get tickets to participate in high-quality Polkatrain project in the early stage, so as to promote the healthy development of Polkadot ecology.
It is reported that Polkatrain has completed the angel investment of NGC ventures, LINKVC and other institutions. It is expected that Polkatrain will conduct LBP which is liquid bootstrapping pool in the smart contract in the middle and late March 2021. In the future, it will successively provide services such as invited mining, DOT pledge mining pool, Polkatrain ecological projects IDO, and Polkatdot cross chain IDO auction.
Who initiated the Polkatrain project?
At present, the global KOL recruitment plan is under way, and the Polkatrain Committee has also hired some researchers and community administrators to promote the ecological construction.
How to become KOL and contribute to Polkatrain ecology?
Global KOL application: https://Polkatrain.wufoo.com/forms/m13mu29l0zx4oj4/.
Chinese KOL application:http://rp82m71rynpsgvjy.mikecrm.com/hkxHfi5
Why do I need to use Polkatrain?
Polkatrain focuses on serving the projects and individual investors of Polkadot ecology.
If you are the projects of Polkadot ecology, you can apply to become the project party of IDO on the Polkatrain platform to obtain the support of funds, resources and community.
If you are the holder of DOT and POLT, you are optimistic about the long-term development of Polkatrain ecology, hold DOT and POLT token and apply for the whitelist, you can participate in the IDO on the Polkatrain.
If you are an individual investor, hold POLT token and enjoy the added value bring by Polkatrain and Polkadot ecology development.
Does Polkatrain only launch on BSC?
There are no specific restrictions on launching the public chain for Polkatrain. It can be expanded according to the design. At present, Polkatrain will launch BSC first in order to reduce the user's threshold and participate in IDO mining conveniently, quickly, with low gas cost and high security.
After Polkadot smart contracts are launched, users can easily and quickly participate in IDO mining with low threshold, Polkatrain will launch on Polkadot.
What are the advantages of Polkatrain compared with other IDO platforms?
IDO,initial DOT offering, is short for participating in the auction of early decentralized projects. Polkatrain has the following advantages:
Serving the Polkadot ecology. In 2021, Polkadot, the leader of cross chain, is undoubtedly the highlight of 2021. At present, Polkadot has more than 300 ecological projects, and the market value of DOT will reach 100 billion US dollars.
BSC launched firstly. At present, BSC is the only public chain that supports DOT and with low gas cost, high security and high traffic.
Decentralization. The development of DEFI is the trend of the times. It has incomparable advantages in privacy, fairness, asset security, reducing financial costs, and distrust.
Low threshold, low gas cost. Polkatrain is launched based on BSC with low threshold and low gas fee.
Startups lower the threshold of entrepreneurship. Serve all Polkadot ecologicy projects and solve the problems of fund, resource and activity of users.
Everyone can participate in IDO at a low threshold. Fair, open, safe, low threshold to participate in IDO projects, harvest wealth appreciation.
Entust plan. Polkatrain community autonomy committee will vote to elect at least three representatives to multi sign the DOT wallet address. Each application for the use of DOT must be signed by three Representatives before the release of dot.
Does Polkatrain only support DOT to participate in IDO?
At present, only users holding DOT and POLT are supported to participate in IDO ,DOT accounts for a larger proportion.
How to apply for IDO?
Polkatrain Committee has formulated a series of rules to conduct quality audit and investigation on the project by fans, committee and DAO community voting, so as to ensure the interests of both projects and individual investors.
Application and review process
Polkadot ecological project submitted materials in GitHub project library, and all users conducted the first round of project audit.
Polkatrain Committee conducts the second round of audit, and investment institutions, quality, business model, token mechanism, team, community activity, etc. will be used as audit standards.
The third round of audit is conducted by the DAO community voting. Users holding DOT and POLT have the right to vote on the project. Only through the DAO community voting can they formally enter the Polkatrain auction pool for IDO.
The specific voting rules will be announced in the official social medias of Polkatrain. Please look forward to it.
Is POLT valuable?
Holding POLT tokens not only enjoys the rights and interests of IDO auction, pledge mining, LP mining, DAO community autonomy and voting governance, but also enjoys the added value bring by Polkadot and Polkatrain ecologicy development. At the same time, POLT token sets up a repurchase and burn mechanism.
Will POLT token be repurchased and burned?
Yes, the Polkatrain Committee will decide to repurchase and burn the POLT participating in IDO.
Is there an airdrop plan?
Polkatrain will regularly airdrop to give feedback to the community and motivate users.
At present, Polkatrain is about to launch the airdrop plan of the test network. KOL approved by Polkatrain committee invites friends to participate in the experience of the test network will receive POLT airdrop award according to contributes. KOL with excellent performance will receive additional awards.
At the same time, ordinary users can participate in this activity and actively invite friends. Users who have made outstanding contributions to Polkatrain ecology have the opportunity to become KOL and enjoy all the rights and interests of KOL.
The specific time, amount and other details will be announced in Polkatrain's official social media before this plan is launched. Please look forward to it.
What are the auction methods of IDO?
Polkatrain will provide Polkadot ecology projects with three kinds of exchange pools: fixed interest rate, LBP which is liquid bootstrapping pool and over raised funds. Only projects voted by Polkatrain Committee and DAO community can launch IDO auction.
What is LBP auction?
LBP, liquid bootstrapping pool. POLT will open LBP for the first time in mid and late March. The specific voting rules will be announced in the official social medias of Polkatrain. Please look forward to it.
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