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.
PolkaBased price oracle receives every 24 hours price information through the Chainlink DOT/USD price oracle. The PolkaBased marketcap 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.
POB is our Governance token. It will be used to vote on system-wide parameters, changes to strategies, and proposals of entirely new strategies. Users will be able to earn POB by providing liquidity to uniswap through 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.
Read more about PolkaBased Protocol
Telegram Group: https://t.me/PolkaBasedOfficial
Telegram Channel: https://t.me/PolkaBasedOfficialAnn