Polars.io

Nov 18, 2021

2 min read

Polars: First buyback and burn of POL based on trading commissions.

A few weeks ago we launched the Polars mainnet at BSC (Binance Smart Chain) on the old design. Some of our community started testing the platform and we are infinitely grateful for that. The other day, for the first time, we removed commissions from the Prediction Pool and from the Trade Pool and distributed them according to our business model.

This is the first transaction to withdraw commissions from the Prediction Pool: https://bscscan.com/tx/0x35e2cbb73e1d3eebaaadf2986d3c77461db9f4f37b7bf986a9ec31fd7c7569b7
You will be able to follow all the events related to the distribution of platform commissions on this page.

40% of this volume was bought back by 5730 bPOL on PancakeSwap: https://bscscan.com/tx/0x197da1e8e9919fd3226df095a1d1fa65e23a1ad2c2f987c76d30b7a56c684ff1

Then the purchased tokens were sent to the zero address: https://bscscan.com/tx/0x4455a38b3efbf26e4f376f194ee8c0100805722df2cf07df93ceb94a74b42805
You can follow all the events related to the tokens burn on this page.

Thank you all for your support. A great future awaits us and soon the volume of redeemed tokens will become colossal.

Polars

The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income.

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