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Polkastarter Community FAQ: This Month's Most Asked Questions
Every week, we receive numerous questions from the Polkastarter community. To ensure our users have clear and accurate information about IDO processes, $POLS staking benefits, and sale mechanisms, we regularly address the most frequently asked questions.
Each week, we answer the most common question under the PolkaPoints section. We clarify the most in-demand topics from our community regarding staking rules, allocation systems, and sale processes. Here are this month’s top questions and answers:
1. What are the benefits of holding 50,000+ $POLS?
Answer: Users with 50,000+ $POLS Power gain guaranteed access to all sales, including both private and public rounds.
- A 4-hour allocation window in the first phase of an IDO.
- Higher allocation sizes compared to other tiers.
- Exemption from the cooldown period.
- Early access to better investment opportunities.
Users staking 50,000+ $POLS are rewarded with larger allocations and early investment advantages.
2. If I got allowlisted in the FCFS round, will I still enter a cooldown period?
Answer: The 7-day cooldown period starts the moment you allocate funds for an IDO. However:
- If you were allowlisted but did not allocate funds, the cooldown does not apply.
- If you stake 30,000+ $POLS, you can bypass the cooldown period.
This mechanism ensures fair participation in IDOs for all investors.
3. What is the minimum $POLS Power required to join sales?
Answer: To participate in Polkastarter sales, you need at least 1,000 POLS Power, which requires staking 1,000 POLS.
- Users who stake 50,000+ $POLS receive a guaranteed allocation.
- Higher staking levels provide better priority and larger allocations.
Planning your staking strategy is crucial for IDO participation.
4. I have $POLS in my wallet, but why is my POLS Power zero?
Answer: If your $POLS tokens are not staked, they do not contribute to POLS Power. To generate POLS Power, you must stake your $POLS tokens.
- Once staked, your POLS Power will update within 6 hours, as snapshots are taken every 6 hours.
- Unstaked $POLS tokens do not grant access to IDO allocations.
Completing the staking process increases your access to IDO opportunities.
About Polkastarter
Polkastarter is a 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.
We share the latest community questions under PolkaPoints every week on X. Stay updated on upcoming IDOs and project news by following us!
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Ilknur Gubel is a social media manager at Polkastarter. Ilknur has spent the past four years working as a project manager, marketing manager, and social media strategist across Web3. She has held marketing and project management positions at several crypto companies, including Polygen, Nitro League, Kaizen.Finance, and ChainPort.
At Polkastarter she has covered trading card releases, collectible market pricing, and how token holders can spend crypto on real cards and videogames.
Based in Istanbul, Ilknur earned a bachelor's degree in sociology from Istanbul Aydın University.
You can connect with her on LinkedIn for more information.