📢News of the week
🔷Competition Results
Polars team have prepared the DRAFT of HECO testnet competition results.
We have removed several addresses from the list according to their unappropriated activities.
https://docs.google.com/spreadsheets/d/1XgxhWBfxJQ-vusq2uwDc5KXfeDK3kPfDPaqlYLA_438/edit?usp=sharing → AIRDROP
🏆HECO hackathon winner
Polars.io is a HECO hackathon winner now.
Polars.io innovative approach to prediction markets was well marked by the HECO team.
💎Polars: Key points of business model
Users pay fees for transactions within the Polars platform.
Prediction Pool and Trade Pool fees are distributed differently.
Fees at the Prediction Pool:
🌌40% — POL buyback and burning
🌌40% — Buyback and distribution among Advanced Users.
🌌15% — Operator’s commission (maintaining the functionality of smart contracts, network commissions, payment of data providers)
🌌5% — Increase the сollateralization of polar tokens (WHITE and BLACK)
Commission of the Trading Pool is distributed among the users as follows:
🌀70% — Liquidity providers who have added liquidity to the Trade Pool.
🌀30% — Buyback and distribution among Advanced Users.
So if you have POL tokens and are an advanced user, you will receive 40% from Betting pool fees and 30% from the Trade pool.
🤝Our partners
💙HECO is our general partner — one of the fastest blockchains with low transaction costs and high flexibility.
💙Fetch.ai — is building an open access, tokenized, decentralized machine learning network to enable smart infrastructure built around a decentralized digital economy.
💙Mettalex is a decentralized exchange focused on commodity derivatives.
💙Roobee is a blockchain-based investment platform that consists of two parts: our centralized product and a decentralized solution built on BSC
💙Exilon is an ecosystem that combines NFT, AR technologies, DeFi marketplace, and GameFi.
💙Arcona is a classic augmented reality meta-universe.
💙Blockchain Cuties Universe is a collectible game about adventures of adorable pets represented by NFTs on five different blockchains.
💙Sport investing, EYWA, Stoic, ExpX, Minto, Kattana, Nomad, Succor Coin are also our partners.
Follow us on Medium and stay tuned!
