How to Participate in a BSC Pool during a Polkastarter IDO
Polkastarter IDOs are now multi-chain on Ethereum and Binance Smart Chain. Here’s a rundown of how to get started with future BSC pools.
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Recently, we announced that Binance Smart Chain (BSC) would now support Polkastarter IDO pools. Tomorrow, on April 14, the first dual Polkastarter Ethereum and BSC IDO for Genesis Shards will happen!
If you’re already a BSC user or you’re eager to start participating in the BSC pools in the future, we’ve put together this tutorial guide to help you navigate when you participate in future IDOs. Warning: it’s super simple!
Important notes before you start.
- You will need $BNB in order to participate in the BSC Pools to pay for the network fees. You can buy BNB on Binance.
- If you never connected your MetaMask to Binance Smart Chain, check out this tutorial from Binance Academy and complete the step before attempting to participate in a Polkastarter IDO BSC pool. After you’ve successfully connected your MetaMask to BSC, proceed with the steps below:
Step 1: Navigate
Go to Polkastarter.com and click “Go to App” in the top right corner.
Step 2: Select BSC
On the top right hand corner of the site, you’ll see a dropdown button that says “Ethereum”.
Click on “Ethereum” and a drop down menu will display all available networks. You should see “Binance Smart Chain”. Click on it.
Step 3: Confirm
The Polkastarter site is now displaying Binance Smart Chain Pools! If your wallet has a message saying you have selected the wrong network, please connect your MetaMask to BSC and reconnect Polkastarter with steps 1 and 2 above.
Step 4: IDO!
From here, you’re ready to participate in future Polkastarter IDOs on the Binance Smart Chain.
What about $POLS pools?
On Polkastarter IDOs, users must be holding onto at least 3,000 POLS or provide liquidity on Uniswap in their wallets to participate in $POLS-only pools. If you are wanting to participate in future IDOs on BSC, know that any address that holds the threshold amount of $POLS on Ethereum will be whitelisted for BSC $POLS-only pools (assuming your address has been whitelisted by the company that is launching the token and you have completed KYC).
You can complete steps 1–3 before the IDO, and we recommend doing so to ensure everything works smoothly with your MetaMask and BSC.
And yes — it’s that easy! This is just the beginning for Polkastarter cross-chain interoperability 💪
About Polkastarter
Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.
With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment, and use assets both in and beyond the current ERC20 standard.
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The Polkastarter blog has moved! Visit https://blog.polkastarter.com to stay up to date with Polkastarter.
