"Intrоduсtіоn PolkaParty"
Decentralized finance (Defi) is about a monetary system that uses a public blockchain. It is a new monetary system and hence is one of the hot topics among industrialists, and blockchain experts. In essence, the term “public” is very important here. This can be likened to the one on the Ethereum public blockchain. On a public blockchain, there is no place for a centralized authority to govern this financial system.
The need for Defi stems from the fact that financial services are not available to everyone worldwide. Nearly 1.7 billion people worldwide lack the means and access to financial services. Financial institutions are also unable to provide the necessary infrastructure to allow more people to access these services. The existing infrastructure is huge, but lacking in reaching everyone out there.
What is Polka Party?
The solution was to create a platform that would allow anyone to create or join a party with friends, family, and most importantly Defi veterans, navigating a landscape of endless profits from smart decisions.
You will no longer be frustrated with DeFiety (Defi-Anxiety), or FOMO being a bad move for not knowing what to do because you will be able to research, chat and vote with your colleagues
PolkaParty aims to create a profitable DIY DAO (Party) service designed as a convenient path for all participating party members to raise their funds for various financial activities and features.
PolkaParty provides a never-before-seen platform to join your friends and make real waves in the market. Not only will you compete for sweet profits, but we aim to create a competitive environment that rewards the most loyal and passionate parties.
Why Polka Party?
PolkaParty aims to expand the capital barriers that are set indiscriminately for active communities. The idea is that individual retail investors will no longer suffer the consequences of a drastic drop in the price of public token sales, but instead can participate in seed & private sales by having the right capital to devote to early-stage projects.
The ultimate goal of the entire PolkaParty experience is to allow all users to be easily integrated into the entire Defi ecosystem, without having to understand a lot of the technicalities of decentralized finance. Our belief is to create an easy-to-understand user journey, as individuals will have the opportunity to chat, research and immerse themselves in each other's side with more experienced personalities, who understand the formalities of the more profitable methods in crypto.
Polka party Features
Yield Farming
A dedicated party for produce farming will be available on PolkaParty where a regulated wallet will supply liquidity. This allows users to share a larger reward when farming together than if they farmed alone.
Loans
PolkaParty will allow users to borrow funds from parties without withdrawing their investment. Users will have access to funds without affecting their credit scores, with more flexible payment options, as well as instant approval for secured loans.
Crowdfunding
Crowdfunding on PolkaParty will be available to allow users to connect with each other through tokens and projects with similar interests. This feature will be beneficial to engage with the community and share a greater return on investment.
ICO Launchpad
PolkaParty will showcase upcoming ICO projects and allow them to create parties to join and help increase liquidity to fund them, as it is becoming a popular choice for new projects to raise capital through crypto launches.
Property Investment Pools
Investment pools are a great way to bring real investment into the crypto world reducing barriers to entry into the property market. It will also allow people around the world to invest in property in countries they may have never had access to before. PolkaParty is made for you, as this platform allows users to get access to all Defi features (swapping, liquidity provisioning, yield farming, NFT, etc) just by joining one party.
How Does PolkaParty Work?
Parties will consist of members, whose personal wallets are integrated into the party wallet. Depending on the criteria set by the party, the parties will consist of voting and non-voting members. Wallet addresses with voting power will eventually be able to provide party guidance with voting actions. HouseKeys are generated for all users creating parties (Public or Private), through which users can join parties seamlessly on the main dashboard within the PolkaParties Portal. HouseKey is required to sign smart contracts, so your wallet will be integrated with the party wallet.
PolkaParty has built a time-interval-based model that allows created parties to allow Partygoers to withdraw funds within a set timeframe. From such party's action, the user will be given a Daily, Monthly, or Yearly + Withdrawal Time Sequence, to withdraw the profits back to the personal wallet. Penalty for early withdrawal of funds before the distribution interval for party members.
Polka party Governance fund action in 4 models.
Democracy
Democratic parties are used to equalize and manage a group regardless of who, where, and how many. Democratic parties are straightforward, everyone gets the same vote. Democrats use multisign wallets as a form of governance where every registered, active address is entitled to a transaction confirmation sent to EVM. This is one of the most technically basic forms of party government.
Weighted Democracy
The Weighted Democracy Model aims to provide an alternative solution to funding governance. In this model, the user has a vested interest in a party and can track their Party Power percentage. Simply put, the higher the proportion of parties a partygoer has, the more power he has over the governing vote. Technically, party weights can be compared to LP pools. The more pools you have, the higher the percentage of your payouts, prizes, and party benefits.
Monarchy
Monarchy is the simplest and most risky type of party. Here at PolkaParty, believe in decentralization and equality, with this in mind, allow a Party to be created which gives all Party governments to give to one wallet, the Monarchy.
Republic
The Republic changes the game not only because of its ability to manage funds in an untrustworthy manner but because it is the most efficient way to validate transactions or decisions of individuals within a small group (such as a board of directors) representing a larger entity. This is the most efficient model because it only requires the full attention of some parties. This governance model is the pinnacle of PolkaParty's innovation as it allows a representative body to create and manage its own funds. PolkaParty is very focused on creating a universal experience in allocating funds appropriately and adequately for large investments.
Token
POLP is PolkaParty's governance token and the main catalyst behind most of the platform's products and features. All protocol management decisions are made by the POLP holder: from new products to asset rebalancing, strategy, and integration. POLP allows its holders to take control of their financial future.
Tokonomics
Token Name: POLP
Total Supply: 200,000,000
Private Sale : 500,000 (20 million Tokens)
Public Sale: 250,000 (781 NFT) (7.81 million tokens)
Private Selling: $0.025
POLP at launch: $0.032
Conclusion
Most crypto users themselves are stressed and frustrated dealing with the fear of Defi or FOMO or other issues on the Defi platform. It is good when crypto users can join the Defi platform with their friends. And PolkaParty comes as a platform that offers all Defi functions like swapping, liquidity provisioning, etc. The solution offered by PolkaParty is a platform that allows users to attend parties with their friends and receive rewards for their activities. Users can easily research, chat and vote with their fellow partners. This way, they no longer have to deal with issues like Defi-Anxiety or FOMO alone, as they can join the party they want.
Mоrе іnfоrmаtіоn аbоut thе рrоjесt
Website: https://www.polkaparty.io/
Telegram: https://t.me/PolkaParty
Twitter: https://twitter.com/Polka_Party
Medium: https://polkaparty.medium.com/
Author
Bitcointalk username: ashraf100786
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1776447
ERC20 Wallet Address: 0x3AC78d7Ce5782C08AE27b8C216cAa31653a77509