Polars Suites Release (2023)

Polars.io
4 min readJan 4, 2023

Meet the new platform release — Polars Suites. Now each of you can create your own pair of polar tokens and run your own branch of events, promote your events to your audience and earn commissions.

Warning!

Anyone can create their own branch of events, their own pair of polar tokens based on their own token. This process is fully decentralized and implemented on the basis of smart contracts. Be careful, and don’t participate in platforms you don’t trust. The creator can carry out fraudulent actions in the form of intentionally changing the results of events or devaluing the security token.

Total Freedom

Imagine you are a blogger with your own audience, or you are a cryptocurrency project with your own community. You would like to entertain your audience and create unique prediction markets for them. To do this, you simply choose a collateral token in which to provide liquidity and make predictions, create your own polar token pair, choose the amount of commissions users will pay when buying and selling polar tokens, create the right events and voila. Your users can make predictions.

Polars Suites Functional Manual

1.Go to https://users.polars.io/ and select “My Suites” from the menu. Then APPROVE POL. This will be needed to pay in POL tokens to create a new pool.

2. Click ADD SUITE, Enter the name of the platform to be created and insert the address of the collateral token smart contract. Click Add suite. After the transaction, if the data is not updated, please refresh the page manually.

Keep in mind, you must have at least 1,000 POL in your wallet balance, otherwise it will not be possible to create a platform.

3. Let’s setup your suite in 7 consecutive steps.

Setup suite
Setup teams name and symbol of polar tokens
Set start price of polar tokens
Change pool address
Create Events Contract
Set fees
Create Pending Orders Contract
Init Pending Orders Contract
Done

4. Now you can activate the created platform by finding it in the list of custom platforms on https://users.polars.io/.
Next, you can add initial liquidity to the Prediction Pool so that users can make predictions. Next, you can create an event and run it at the right time, and complete it with the desired result. The price of polar tokens will be changed.

Activate your suite
Add liquidity to the Prediction Pool
Create Event
Event Created
Starting Event
Event started (Live)
Users can make predictions
End Event, Choose results
Done.

A more detailed description of Polars Suites functionality will be released later. For now, if you have any questions about creating and managing the platform, please contact Polars Chat.

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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