Important: Minimum IDO Tier Has Increased From 250 to 1,000 $POLS

Polkastarter base tier increases to 1,000 POLS Power effective immediately. This means that from now on and for the next IDO, only participants with +1,000 POLS Power will be accepted for the allowlist.

1,000 POLS Power is now a minimum tier

After closely examining the current $POLS tier structure and comparing it to the early fundraising market we navigate, we decided to upgrade the entry-level tier.

From the next IDO, we are raising the minimum tier from 250 POLS Power to 1000 POLS Power. This change means all users will now need at least 1000 $POLS tokens in holding or staking (or equivalent in POLS LP tokens) to join our $POLS community.

Need to upgrade too? Now might be your lucky time to increase your POLS Power tier by one or two levels while also elevating your allowlist winning chances.

Why is the entry-level tier being upgraded?

The price of $POLS has changed over time together with the altcoin market and our current minimum requirement for entering the community is simply very low. Many existing users bought their $POLS bags for much more than the current price equivalent of their tiers and we want to level up the game for them.

Even with the 1000 POLS Power requirement, the $POLS entry price is still significantly lower than our competitors. Considering the quality of opportunities that Polkastarter brings to its community, we decided that it’s only fair and reasonable to upgrade the tier structure.

About the new tier structure

Our new structure is very similar to the previous one and includes 5 distinct tiers. Every tier provides you with a special booster that increases your chance of winning a spot on the allowlist as you progress through the tiers.

Upgraded POLS Power tiers with boosters are as follows:

• Tier 1,000+ POLS Power = 1.1x — Every ticket is worth 1.1 tickets.
• Tier 3,000+ POLS Power = 1.15x — Every ticket is worth 1.15 tickets.
• Tier 10,000+ POLS Power = 1.20x — Every ticket is worth 1.20 tickets.
• Tier 30,000+ POLS Power = 1.25x — Every ticket is worth 1.25 tickets & No Cooldown.
• Tier 50,000+ POLS Power = Guaranteed Allowlist Approval, No Cooldown & other benefits.

You can read more about $POLS tiers in this dedicated article.

What do you think about the upgraded tier system? Voice your opinion on our Telegram chat where you can speak in real-time with our team and fellow $POLS community members. See you there!

About Polkastarter

Polkastarter is the leading early-stage fundraising protocol, enabling web3’s most innovative projects to kickstart their journey and grow their communities. Polkastarter allows its users to make research-based decisions to participate in high-potential public sales and be early to the future of web3.

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Originally published at https://blog.polkastarter.com on August 6, 2024.