Polkastarter has announced its highly anticipated milestone. The decentralized protocol is now live on the BSC (Binance Smart Chain) and on PancakeSwap.
This month has been a great one for Polkastarter. Just recently, the platform had completed a total of about 80 pools, 40 projects, and raised a massive amount of Ethereum — 6592. Now, with over 76,000 community members across major platforms including Telegram and Twitter, the protocol is looking to satisfy the needs of its users. In a bid to keep its members, Polkastarter has moved to the biggest and most widely used network — The BSC. This announcement represents a huge milestone for the protocol.
As part of the exciting announcement by the protocol, users can swap $POLS from Ethereum to Binance using the Multichain app. Also, it is possible to purchase $POLS on BSC directly from the PancakeSwap pair.
Polkastarter & Binance Smart Chain Integration
Polkastarter is a decentralized protocol built for the cross-chain auctions, enabling projects to raise capital in an interoperable environment based on Polkadot. Since its inception three months ago, the platform has experienced immense growth and participation by a large number of users.
The integration of the Binance Smart Chain will be for fixed swaps on the platform and it will, in turn, unlock greater liquidity for project IDOs. What does this mean? This means that projects will simultaneously launch their Polkastarter IDOs on both BSC and Ethereum. What more, there will be more unlocked liquidity and a greater chance for more community adoption with their initial token offerings.
Presently, its native token — POLS is now available on both BSC and Ethereum. Therefore, Polkastarter is available for users on the BSC ecosystem. Earlier, we mentioned that users can now swap $POLS from Ethereum to Binance using the Multichain app. Here’s how it is done.
How to Swap $POLS Token from Ethereum to BSC Using Multichain
First, configure BSC on your Metamask wallet and ensure that you have enough BNB for transaction fees.
Be sure that you are logged into your Metamask Wallet account that has your $PODL token. If you are 100% certain about this, connect your wallet on Multichain. Also make sure that you are connected to the Ethereum chain.
Select the $POLS token and input the amount you wish to swap from ETH to BSC.
Finally, click Transfer and submit your transaction on Metamask with high gas.
How to Purchase $POLS on PancakeSwap with $BNB
Click Trade and Exchange on the menu.
Click Select a Currency and search for Polkastarter Token Contract (0x7e624fa0e1c4abfd309cc15719b7e2580887f570).
You can now swap your BNB for POLS.
Polkastarter is the fully decentralized protocol for launching new innovations. Its curation process and industry access ensures that they offer users the best projects when it comes to blockchain technology. With this innovative platform, many project owners can create awareness and grow their communities. Finally, Polkastarter is also of great benefit to users. They get the opportunity to participate in a very secure and appreciative environment while using assets in the ERC20 standard and beyond.
The recent integration of the BSC network is very much needed for the entire Polkstarter community. With a large number of projects moving on the Binance Smart Chain, there will be even more adoption on the decentralized protocol, particularly with its native token — $POLS.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.