What is PolkaBased?
PolkaBased is a protocol with the token pegged to Polkadot’s fully diluted market cap, community governance to determine how we will structure the ecosystem and the Liquid program for incentivizing users to supply liquidity on Uniswap.
What is a Rebase?
PolkaBased price oracle receives every 24 hours price information via the Chainlink DOT/USD price oracle. The PolkaBased market cap oracle updates the total supply of Polkadot every 24 hours. These values are necessary in order to calculate the proportional expansion or contraction of POB’s to each token holder. This means the number of POB tokens in user wallets automatically increases or decreases based on price. Your share of the PolkaBased network never goes down.
How does Community Governance work?
POB holders play an important role in network improvements, upgrades & stability by voting on proposals or pushing a proposal to be voted on. Pushing proposals and voting on proposals can be done through the on-chain Governance Platform by using the POB token.
What is the Liquid program?
The Liquid program is an incentive for users to provide liquidity to our ecosystem. Liquidity providers earn POB tokens. We have allocated 30% of the total supply to this purpose. A 3% transfer fee on every POB transfer will ensure long-term vitality of the Liquid program. The transfer fee will be used to reward liquidity providers.
Who are the Team members?
The PolkaBased Protocol will be fully governed by the community. We believe that this is necessary to achieve full decentralization of the decision-making apparatus. Hence why there is NO Team Reserve and why we give everyone, including the team, anonymity and make ourselves of less importance.
When is the PolkaBased token sale?
Tokensale details will be announced in Q1 2021. Stay tuned!
How to get PolkaBased?
PolkaBased is not (yet) listed on any exchange. Connect with us to stay up to date!
Telegram Group: https://t.me/PolkaBasedOfficial
Telegram Channel: https://t.me/PolkaBasedOfficialAnn