Polars: Tokenomics Update 2022
It was decided to optimize the tokenomics and adjust the market capitalization of the project in accordance with the real fundamentals of the platform at the moment.
We used to have 1.6 billion POL tokens. Of these, 1 billion were intended for distribution among active users. We decided to reduce the total supply by 700 million POL meaning that we will now have only 900 million tokens, of which only 100 million will be allocated for distribution as rewards among active users.
Now the distribution of tokens looks like this:
Total Supply: 900 million POL
Polars DAO tokens Locked 5 years: 100 million POL
Polars DAO tokens Locked 10 years: 100 million POL
Team Locked (long-term): 400 million POL
Future Strategic Round Locked (not sold): 80 million POL
Private Sale Sold: 70 million POL
Community Rewards tokens: 100 million POL
Public + Liquidity tokens: 50 million POL
POL burning conditions
Previously we have decided not to limit the size of POL burning. Now POL burning at the expense of Polars platform commissions will take place permanently, permanently reducing the circulating supply.
We also increased the size of burning by abolishing the fundamental staking. Platform commissions will now not be spent to provide yield on staking, but will be fully allocated to repurchase and burn POLs.
How do you get returns for your POL?
We are launching pools with the underlying POL asset. Users will be able to make predictions by buying WHITE and BLACK polar tokens for POL. Long-term conservative users will be encouraged to buy WHITE and BLACK tokens for the same amount. The aggregate price of polar tokens will be gradually increased by adding POL tokens to Community Rewards (100m POL) pool provision. In this way, long-term POL holders will be able to provide returns on their tokens. We plan to make the pools associated with POL super liquid at the expense of holders, as well as by launching additional activities (e.g. Polars Launchpad).
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.