Poolz - The Next-generation Liquidity Distribution and Auction Platform for DeFi Innovators
Decentralized Finance, DeFi, has grown over the years to become one of the most prominent applications of blockchain, with sharp rise in the last year. The ambition to bring core traditional financial instruments to decentralized public ledgers and make it accessible to the everyone makes DeFi highly attractive. According to data available on DeFi Pulse, the total value locked in DeFi is about 11 billion US dollars.
The ultimate aim of blockchain enthusiasts and developers is to push blockchain, hence cryptocurrency, to mainstream adoption. DeFi will play significant role in attaining this feat. The fact that DeFi decentralized applications (dApps) and protocols operate without any intermediary, and the promise to put users in total control of their finances are some of the positive aspects of DeFi. And in pursuit of this, various DeFi products are developed and introduced to the blockchain community.
This is just the beginning as many of these projects are social experiments, it is expected that advanced working products will evolve from these primitives. This means that project developers will have to raise more capital from investors to build new innovative dApps.
The Persisting Liquidity Problem
Back in the days, initial token offering (ICO) and its variants such as initial exchange offering (IEO) were once powerful mechanisms of crowdfunding crypto startup. The story is different today as these methods have lost steam and hardly do projects meet their softcap to kickstart the project. Eventually, many crypto innovation dreams die off at the incubation period due to lack financial support while some existing projects also wither away due to lack of liquidity.
Decentralized exchanges based on automated market maker protocol like Uniswap, Bancor and others have tried to solve the liquidity problem but early-stage blockchain projects and some existing dApps are unable to fully leverage these platforms.
Why?
These platforms are not designed specifically to bootstrap liquidity for early-phase DeFi projects. More over, these DEXs are limited to only one blockchain and so cannot transfer value or liquidity across multiple chains.
Welcome Poolz
This liquidity provision gap for new blockchain startups is a potential market opportunity, and Poolz is rising up to the occasion to bridge the gap between project owners and liquidity providers.
Poolz is redefining how blockchain-based projects are funded with its decentralized swapping protocol for liquidity distribution and token auction.
What's Poolz?
Poolz is a decentralized layer-3 liquidity pool platform that connects early DeFi project innovators with investors. As an L3 platform, Poolz is built on top of layer-2 protocol with Ethereum blockchain as the underlying DeFi infrastructure but conceived as a cross-chain ecosystem. This means that Poolz users will not be limited to only one blockchain but will be able to boost and transfer liquidity across multiple chains.
Specifically designed to support early-stage and existing crypto projects, Poolz enables early-stage project owners to auction early tokens on the platform while investors provide liquidity by participating in direct sales pool (DSP) or time-locked pool (TLP). In essence, Poolz bridges the gap between investors and project owners in a completely decentralized and trustless way, enabling innovators to access a large pool of liquidity while giving investors opportunities to exclusive discovery and participation in prospective DeFi projects via swap pools. Users have full control over their digital assets when interacting with Poolz due to its noncustodial nature.
With the recent switch to non-fungible tokens, Poolz marketplace can be used to auction both fungible and non-fungible tokens (NFTs) seamlessly. This opens wide the opportunity for project owners and entrepreneurs to capture liquidity at the initial phase of the project before official listing while investors benefit from early discovery of promising projects.
The platform has an intuitive and user-friendly interface that aims to boost user experience in terms of token launch, discovery and liquidity provision for both token issuer (project owner) and liquidity providers (investors) who are the primary users of the platform.
POZ Token
POZ token is the Poolz platform's default token that fuels the entire ecosystem. It is an ERC-20 compliant token built on the Ethereum blockchain. It is intrinsically the governance token that confers voting rights on POZ holders.
Furthermore, POZ token grants holders discount on swap ratios for pools launched on the platform apart from the yield farming rewarda paid in POZ token for providing liquidity to auction pools. Investors staking POZ tokens in compatible ERC-20 wallets are eligible for additional POZ reward as staking incentive. Lastly is the POZ token burn facilitated by buying back with a proportion of the daily income from the Poolz platform.
Poolz Token Details
Token name: Poolz
Token Symbol: POZ
Type: ERC-20
Total Supply: 5, 000, 000
Private and Public Sale allocation: 750,000 POZ (15% of TS)
Team & Advisors: 500,000 POZ (10% of TS)
A Peek into the Future
While Poolz platform is built as a layer-3 swapping protocol on Ethereum network as the base DeFi infrastructure, it will progressively migrate a bridge-based model to a parachain-based model in order to fulfill its cross-chain potential.
Similarly, the platform operations will undergo progressive decentralization, from the early phase where Poolz team manages operations to latter phase, sooner than later, when the Poolz governance is entirely committed to the community. At this stage, Poolz structure as a DAO will be completely attained.
Closing Thought
The DeFi disruption has just begun as new innovative dApps will emerge while existing products will evolve to create a formidable ecosystem with the prospect of global adoption. Poolz DeFi platform will help give life to crypto projects with the potential of disrupting the world of decentralized finance.
The future of DeFi is about to unfold more as Poolz connects promising blockchain-based projects with investors.
Official Links
Website: https://poolzdefi.com
GitHub: https://github.com/The-Poolz
Twitter: https://twitter.com/Poolz__
Telegram: https://t.me/PoolzOfficialCommunity
Medium: https://medium.com/@Poolz
Discord: https://discord.com/invite/RgPjgUY
Documentation: https://docs.poolzdefi.com/
Litepaper: https://docs.poolzdefi.com/whitepaper/litepaper
Author: Ebullientfellow
Proof of Authentication: https://bitcointalk.org/index.php?topic=5280470.msg55330075#msg55330075