We are excited to announce the Polkastarter Council, a group of members that will be deciding which pools and token swaps are featured on Polkastarter and get full communication support.
In order to be eligible for this council, all members need to hold together around 5% (5,000,000) of the total supply of Polkastarter Tokens ($POLS), and to be active, public and credible players in the blockchain ecosystem.
From today we’re going to be selecting the members that will be able to choose which projects get to run featured pools on Polkastarter. This council will include funds, investors, experts in DeFi, experts in community building, developers, and finally community members that want to actively participate in Polkastarter’s decision-making.
This is the first step towards our Governance Model, which will be open, decentralized and democratic. Initially we will choose members based on how many $POLS tokens they hold, but in the future other criteria will be their contribution to the Polkastarter ecosystem, and their value-add to fundraising projects.
The council will rotate, meaning that each council will be able to vote for a specific number of projects. We will be testing this system in the first quarter of 2021, so we can gather learnings and prepare a more decentralized approach.
Soon we will release more details about members selection, rotation times, and other important rules and philosophies for this first governance effort. In the meantime, all contributions and suggestions are welcome and will be considered.
Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.
With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.