PolkaParty

Overview

In recent years global finance has experienced tremendous progress. One of the most recent and significant advances in the world of technology is Cryptocurrency. Decentralized finance, also known as DeFi, is a fast-growing sector of the cryptocurrency industry. Defi gives you the opportunity to grow your investment using complex features of Defi like Staking & Farming However, these operations of Decentralized finance are complex and need a very efficient brain to understand and perform it. Many investors are frustrated in crypto when they aren’t able to make the same gains as friends, colleagues, due to your incapability of being to understand all these DeFi terms.

PolkaParty is made for you, as the platform allows users to gain access to all features of DeFi (swapping, liquidity providing, yield farming, NFT’s, etc) by just joining a single party.

What is PolkaParty?

PolkaParty is a new Multi-function ecosystem that combines DAO & DeFi via Blockchain technology on one platform, They designed a unique platform that allows everyone to easily access DeFi services and simultaneously interact with each other. PolkaParty platform will allows their users to get any exclusive access to all basic DeFi features like swapping, liquidity, yield farming, NFT, Staking, etc in the Platform. Their main goal is to create an easy to use and user friendly experience that allows anyone to enter into Crypto circles. and chat with other members and get rewarded for group efforts, Polkaparty provides a Solution by creating a platform that allows anyone to create or join a party with respectable friends, family or other DeFi users, their system makes navigating the unique landscape an endless advantage of any kind smart decisions to be used on the market and Ecosystem itself.

What is POLP Token?

POLP is the native currency that will be used in the PolkaParty ecosystem. This token is distributed on the Public Blockchain network which acts as a Governance Token. Everyone can contribute to the development of their ecosystem and party through this token. Holders also get various unique benefits such as Early Access, Discounted Fees, Staking, Farming, Exclusive NFT and many others. The Polkaparty team ensures that value is maintained with a transparent governance system and liquidity managed by the community so as to ensure that transparency and decentralization are fully realized. This ensures sustainable growth with increasing value and increasing demand.

Market Growth

The Cryptocurrency Market continues to evolve from time to time with new innovations constantly being released in the Market and this is not without the advanced Blockchain Technology creating a new system that enables P2P (Peer-To-Peer) Mechanisms globally. In the last 10 years Cryptocurrencies have become one of the best performing market with constant growth and the total current market value has exceeded $1 Trillion, the Crypto Market Size is currently almost doubled compared to the previous few years and with the current Pandemic providing a very short time. right for Cryptocurrency to be a Store-Of-Value alternative by everyone. PolkaParty on the other hand offers a powerful New DeFi & DAO system with a unique scheme run by the community thus ensuring the long term potential of the platform usage.

How PolkaParty Works?

Polkaparty Governance of funds action in 4 models.

Democracy — Democratic parties are used to even the playing field and manage a group regardless of who, where, and how much. Democratic parties are straightforward, everyone gets an equal vote. Democratic parties use multisign wallets as a form of governance in which each registered, active, address is entitled to confirmation of transactions sent to the EVM. This is one of the most technically basic forms of party governance.

Weighted Democracy — Weighted Democratic models aim to provide alternative solutions to fund governance. In this model, users hold private interest in a party and can track their percentage of Party Power. It is simple, the higher proportion of the party that a partygoer owns the more power he has over governing votes. Technically, a weighted party could be compared to an LP pool. The more of the pool you own the higher your percentage of payouts, rewards, and party benefits.

Monarchy — A monarchy is the simplest and most risky type of party. Here at PolkaParty, believe in decentralization and equality, with this in mind, allow Parties to be made that give all of the Party’s governance to be given to one wallet, the Monarchs.

Republic — Republics are game-changing not only because of the ability to manage funds in a trust-less manner but since it is the most efficient way to validate a transaction or decision from the individuals in a small group (like a board of directors) that represents a larger entity. It is the most efficient model because it requires full attention from only a portion of a party. This governance model is the pinnacle of PolkaParty’s innovation since it allows a body of representatives to create and manage their own funds. PolkaParty is heavily focused upon creating a universal experience of properly and sufficiently allocating funds to at-large investments.

PolkaParty Kickbacks

Kickbacks are quarterly held IDO events for early-stage projects launching on the PolkaParty platform. These early staged projects will receive immediately verified parties on PolkaParty, obtaining priority promotion on the platform for short-term token launchings, as well as for long-term product features.

Yield farming Parties

Yield farming with pooled funds can be more rewarding than farming on your own. In short, yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract-based liquidity pool. Many liquidity-related pools take into account factors such as time and amount staked. Thus, it may be a good idea to find a party of LP providers rather than lend on their own. Polkaparty provides a mutually beneficial relationship to these farming platforms since larger amounts of liquidity will be provided.

Social Board

This Social Board will outline a competitive ranking of every party, as well as categorical party growth upon funds, members, activities. The platform will begin to organically grow in volume, users, and overall activities, so will the competitive association with respective party’s. It is important to harness this competitive spirit of Partygoers, as members will hold great pride in their personal association with popular and favorable parties. This distinct quality is the reason for a Social Board, an all-exclusive dashboard for Partygoers to have completely accessible data upon rankings, funds, and growth of the most premier party’s on the platform.

Roadmap

Conclusion

PolkaParty offers a new unique platform that maximizes the potential of DAO & DeFi by combining them to create a new and innovative unique multi-function platform. They designed a strong framework with a sophisticated structure that facilitates various processes in each transaction and everyone can also maximize their portfolio by interacting with everyone in their party so as to provide a new reference for decisions to be taken, In general PolkaParty created a new system which is very sophisticated and revolutionary and therefore I highly recommend that you be a part of this great project!

I think that’s enough for now, dont forget to follow & upvote for more content about new potential projects, I will provide some links related to PolkaParty Ecosystem Below. Thank you very much!

Learn More:

Medium: https://polkaparty.medium.com/

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