[PRESS RELEASE – – Please Read Disclaimer]
Polars Platform revealed the date of its official launch of beta testing of the primary functionality of the application on the Ethereum Rinkeby testnet. Evaluating will start on April 25.
Users will be able to mint and burn polar tokens, add and get rid of liquidity, swap polar tokens, and farm the governance token POL. At the moment, there is an entry into the white list of testers and more than 4,000 users have actually currently expressed a desire to sign up with the testing.
Polars are planning to end up being the leaders of the Prediction Market in the Defi area. They plan to fix the primary issue of this market – – low liquidity. Liquidity service providers and users who position bets are encouraged to invest not in specific forecasts and events, but in polar tokens, the cost of which is consistently affected by the outcomes of numerous occasions from the real world. Since at one moment the interests of all stakeholders of the Polars platform converge simultaneously, constant excess liquidity of polar tokens is anticipated.
The Polars idea is easy: There are two polar tokens, WHITE and BLACK. There are 2 teams White Team and Black group. If the White Team wins, the WHITE token will grow, and the BLACK token will fall by the exact same amount. If the Black Team wins, the BLACK token will grow, and the WHITE token will fall by the same amount. The aggregate rate of the polar tokens WHITE and BLACK will stay the same.
Which group will win and which will lose is regularly influenced by the outcomes of external occasions. It can be sporting events, currency exchange rate and any other occasions in which there are opposing sides. Users are motivated to buy polar tokens, thus making a forecast of the results of those occasions that impact these polar tokens.
In addition, this week Polars announced a tactical partnership with the audit company ZOKYO, which will do a thorough audit of smart contracts for Polars. Zokyo is a market-leading blockchain innovation company with a mission to secure and construct Web 3. Zokyo’s cybersecurity team leverages a real world aggressor mentality to reduce threat and strengthen code.
Now users have the chance to sign up with the white list of testers in order to gain access to evaluating the platform. There are a number of benefits for testers: access to the pre-sale of POL governance tokens and involvement in the airdrop after the POL is noted on Uniswap.
The new DeFi platform for creating protected polar tokens, the cost of which depends upon the outcomes of specific external events. Within the POLARS platform, users can purchase, sell and exchange polar tokens, along with take part in the distribution of the platform’s commission income.
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