📢Monthly report
This November was full of events and brought fruit for Polars. Let’s briefly recall the main Polars achievements for this month.
🟣Big Trading Competition
We prepared for Big Trading Competition before launching the mainnet, got new partners who are now the sponsors of our competition, and formed a prize pool of more than $300k with their help!
🚀Our vigorous and engaged Polars community is ready for competition.
Every day you will need to complete tasks to receive an airdrop, and if you want to receive additional bonuses, complete the tasks from our sponsors. So be as active as possible, bring referrals, and reach the biggest trading volume.
📆The Big Trading Competition starts on December 3.
Information on participation:
💜Polars Big Trading Competition (Dec 2021): https://medium.com/polars-platform/polars-big-trading-competition-dec-2021-e174922fcfd4
💜Polars: Referral program + Trading Volume Rewards: https://medium.com/polars-platform/polars-referral-program-trading-volume-rewards-2c0464390c4
💜Polars: Prize Pool and List of sponsor tasks: https://medium.com/polars-platform/polars-prize-pool-and-list-of-sponsor-tasks-a56f512803ce
🟣We changed the bridge for the POL token (bep20)
We ceased working with Burgerswap Bridge moved to Anyswap.
🌌The new POL token address (bep20, anyswap): 0x273a4ffceb31b8473d51051ad2a2edbb7ac8ce02
You may notice that the contract of the new POL has been verified in BSCScan, which is a confirmation of its legitimacy.
The interface for one-way swap bPOL -> POL on the official website bsc.polars.io is ready now. You only need to make two transaction to exchange your bPOL for the new official POL (approve and swap). More details here: https://polarsio.medium.com/bpol-pol-swap-is-available-now-bep20-7e5725a53ca2
🟣WhitePaper updates: briefly review
We have updated our business model. Take a look at the new version of WhitePaper here:
https://polars-io.gitbook.io/polars-puplic/
We modified:
- information about pools — now there is a Betting pool and a Trading pool. We have described the way it works
- tokenomics — we have described a new way of the distribution of tokens, the duration of lock-ups, and the process of burning tokens
- farming — since the tokenomics was updated, the amount of rewards became different
- staking — 40% of Betting Pool fees and 30% of Trade Pool fees go to buy back POL tokens from the market and distribute the bought out tokens among advanced users.
- business model
- updated information on the referral program
🟣Polars: First buyback and burn of POL based on trading commissions.
We removed commissions from the Prediction Pool and from the Trade Pool and distributed them according to our business model.
We burned the first 5,730 POL🔥
More details and details about transactions and documents in this article: https://polarsio.medium.com/polars-first-buyback-and-burn-of-pol-based-on-trading-commissions-ca92e43c7cb2
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