IDO Platform Polkastarter Will Be Integrating With Ethereum Scaling Solution Polygon

Key highlights:

• IDO platform Polkastarter will be integrating with Polygon
• The Ethereum scalability solution will help reduce costs for participants on token sales on Polkastarter
• Currently, Polkastarter is hosting token sales for projects on Ethereum and Binance Smart Chain

Polkastarter announces integration with Polygon

IDO (initial DEX offering) platform Polkastarter has announced that it will be integrating with Ethereum scalability solution Polygon. According to the team, the Polygon integration will result in significant scalability and cost efficiency improvements across Polkastarter’s ecosystem.

The Polkastarter project’s vision entails their platform being used across multiple blockchains, and users can currently find IDOs on Polkastarter that are being conducted on Ethereum as well as Binance Smart Chain. 

The Polygon team is working on a variety of solutions to help scale Ethereum, and give users the option to save on time and cryptocurrency transaction costs. Their Polygon PoS blockchain has been gaining a lot of traction among users who want to avoid the high transaction costs that arise when Ethereum is dealing with congestion. Users can bridge tokens between the Ethereum mainnet and Polygon PoS, and the network also periodically submits checkpoints to Ethereum. Ethereum-based decentralized applications can be deployed on the Polygon PoS blockchain without major changes. 

Once the integration with Polygon is complete, both projects using Polkastarter to raise funds and the users who are buying tokens will be able to benefit from lower costs when distributing and claiming tokens. Here’s what the Polkastarter team had to say about the integration’s advantages:

“Overall, integrating Polygon into Polkastarter’s IDOs will further improve liquidity and engender community adoption of emerging protocols. By making the IDO process more economically accessible to participants, Polygon x Polkastater will accelerate our mutual, broader mission to engender multi-chain interoperability.”

According to the post, we can expect Polkastarter’s first Polygon-based IDO to be announced soon.

Polkastarter has emerged as one of the most popular IDO platforms on the market today. Typically, projects raising funds on Polkastarter will only sell their tokens to whitelisted participants – users can apply to be waitlisted by holding Polkastarter’s POLS tokens or provide liquidity to POLS pools on Uniswap or PancakeSwap. 

Some of the projects that have raised funds through Polkastarter include PolkaMarkets, Standard, NiiFi and Saito.