Polaris — a distributed competitive farming protocol and platform to run on the Binance Smart Chain.
Contents:
Description of the Polaris project
While BSC is an ideal crop growing chain due to low transfer fees, current crop growing solutions (including Goose and its many copies) are not optimal. For example, these platforms will insist that users deposit liquidity tokens on their platform. Most of these tokens also have zero utility, which makes the entire growing process useless from the start.
In recent months, many projects have decided to expand their horizons to BSC. The same number of “launch sites” have appeared to adapt them to the liquidity load. However, these current launch sites do not offer meaningful incentives for other teams to use their platform. These platforms invariably force the team to fund reward tokens without giving anything in return.
Some features:
| 1 | Polaris aims to take a competitive farming model, improve the model, using the best elements of popular DeFi protocols, and apply the entire package to the BSC ecosystem. |
| 2 | Polaris will allow users to farm a fairly distributed token — POLAR. |
| 3 | Over time, users will be able to spend POLAR on competitive farming geysers or Polaris Supernovae to increase the rewards they collect.. |
POLAR, spent in partner pools, goes to the launch partner. Teams can use POLAR to buy / burn their tokens or save income to grow their project (for example, integrating POLAR into their own farming strategies).
POLAR can be grown in different pools. All non-native pools are charged a 4% deposit fee which is used to fund BNB rewards and ongoing development costs.
Additional information
There is no White Paper on the site. Instead, there is an introductory document where you will find complete information about the project.
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