The Polkastarter Project Selection Criteria

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Breaking down the criteria we use to choose the projects that launch on the Polkastarter platform.

How we work at Polkastarter

Our mission is to attract the highest quality projects and founders in blockchain and match them with token buyers that believe in and support projects for the long run.

Application oversight

The Polkastarter application process is overseen by the Polkastarter team and the Polkastarter Council. Our team is made up of analysts who guide the overall application process to ensure we launch with the best projects in the space. The Polkastarter Council is an independent group of industry leaders who provide an additional layer of security, legitimacy, and decentralization to the selection process. Council seats rotate once a quarter. Check out our blog for announcements of existing Council members.

Our initial selection process

The two guiding principles of our selection process are fairness and excellence. We’ve built a four step process to ensure all projects are analyzed equally and to keep the bar for quality and innovation high.

How we analyze projects

During stages II and III, our analysts are looking for specific indicators of a company’s success not only during the IDO, but beyond. Below are some of the criteria and metrics our analysts and team members look for when a project is applying for an IDO on Polkastarter.

The basics: application and marketing

Application. First, we take a look at the initial Polkastarter application and automatically eliminate all projects that are missing core required information, such as a website or whitepaper. We have found that these omissions are the most common reason for projects’ early rejection.

Development: idea and execution

Next, we take a look more at the technology, the product roadmap, and the execution plan.

Team and leadership

If the idea fits our criteria of innovation and practicality, we dive deeper into the team. We look at objective facts like the prior experience of the executive team and the developers, and we also consider the impression they leave with us after our calls. It’s important for us to not only find projects that can succeed, but find people that are genuinely excited to be in this space and want to add value to it. We want the team to endow the project with an unfair advantage by virtue of their experience, their skills, their market knowledge, and their relationships.

Tokenomics

Additionally, we make sure that the tokenomics of the token that would launch on Polkastarter make sense. Some factors we look at for tokenomics are: vesting periods and lockups, allocation post-TDE, token utility, and security.

Looking Ahead

So far, our criteria has given us a pipeline of highly successful projects. We hope that this article describes our process well and that users and projects alike can be confident in the way we work at Polkastarter. If you have any questions about our platform or the team, pass by our Telegram or tweet us.

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.

Decentralized protocol built for cross-chain token pools and auctions, enabling projects to raise capital in an interoperable environment based on Polkadot.