Polkastarter’s V2 upgrade went live on October 4th, bringing with it a slew of new features and improvements for the Polkadot community as a whole.
Through initial decentralized offerings (IDOs), the platform connects nascent projects with early community members, enabling a fair, token-based, and accessible environment for both developers and community members to obtain funds and invest in worthwhile ideas.
Polkastarter’s V2 version, according to a release shared with CryptoSlate, begins with a redesign of the dashboard: providing a streamlined, visually appealing UI that allows users to quickly verify all of their holdings/allocations.
The next area is ‘Project Pages,’ which is a section that includes all upcoming projects, their tokenomics, founders, and expected roadmaps in an easy-to-find format for all users.
The site would also have a ‘Whitelisting’ page, which would allow users to whitelist themselves without having to go through a million processes on external networks.
Staking and IDO farming are not affected by design modifications. Staking extends the utility of POLS tokens by allowing users to lock up their tokens and earn a return on their investment. The new staking feature will be available on Ethereum and BSC at first, allowing token holders to stake their tokens on the blockchain.
Since Monday morning, about $11 million has been staked, consisting of 6.25 million POLS (meaning 7.68 percent of circulating POLS has been staked).
IDO farming (not available as of October 6) is a more recent concept. This will allow users to stake their IDO tokens for yield rather than needing to withdraw them immediately, making yield farming and IDO utility easier.
Meanwhile, the Polkastarter ecosystem is getting additional blockchain support. It now supports Ethereum, Binance Smart Chain, Polygon, and Polkadot, but plans to add additional blockchain projects in the future.