POLI: Utility, Benefits, and Value Accrue Within the Polinate Ecosystem
By: Polinate Team
Tags: Updates, Crowdfunding, Polinate, Poli Token, Utility

POLI: Utility, Benefits, and Value Accrue Within the Polinate Ecosystem

TL; DR

POLI is the native utility token of the Polinate platform offering access to products and services within the ecosystem.

The utility token facilitates access to seeking rewards and benefits within the Polinate network.

Polinate is a blockchain-powered crowdfunding platform that empowers creators and entrepreneurs to raise funds for their projects. Polinate is a permissionless platform for brands to launch their new products/creations or for budding creators to fund their new creative projects. Polinate is fueled by “POLI”, the native token of the platform. POLI token holders can enjoy various benefits, perks, and rewards in the Polinate ecosystem.

POLI: The Native Utility Token of Polinate

POLI is the utility token of the Polinate platform that enables the token holders to perform various functions and earn rewards. POLI token binds investors, patrons, and creators and allows stakeholders to earn rewards based on the amount of their contribution to the ecosystem.

The POLI token can be transferred to the various stakeholders and participants within the platform. The token is used to perform various transactions as well as functions and can be used to leverage the benefits of the Polinate ecosystem.

Token-as-an-Event — pTKN

The Polinate ecosystem also introduces a unique concept — pTKN — Token-as-an-Event (TaaE). It enables tokenization of access to a creative project and to find the market price of a good the token represents.

pTKN is individually defined by each creator who puts his/her project for raising funds on the Polinate network.

Value Accrue and Benefits

The POLI token is an integral part of the ecosystem that allows users to enjoy its numerous benefits, participate in different functions, and earn rewards for participation. Its value accrues from providing a convenient and safe method of payment and settlement between different participants of the Polinate network.

The extent of reward depends on the value invested or the amount of POLI tokens staked in the ecosystem. The tokens are also used as economic incentives offered to encourage participants to contribute and maintain the network. It serves as a token for users to participate in activities to subsequently enjoy the perks, privileges, and memberships.

In addition to this, the POLI token value also accrues from using it as a liquidity pair for pTKN. The participants of Polinate like users and creators can also lock their tokens to access membership tiers and subsequently rewards pertaining to different tiers. It will facilitate token holders to gain early or limited access to different token pools for reward issuance as well as random airdrops from creators in the Polinate ecosystem.

POLI tokens are used for funding various projects and for the “Polinate Seeders Programme”.

Participants of the Polinate ecosystem who stake digital assets, promote projects, or take part in the liquidity pools for funding projects are rewarded with POLI tokens depending on the user’s contribution.

Governance

POLI has been designed to enhance interoperability of the Polinate ecosystem and cannot be used outside the platform. The main purpose of the POLI token is to provide a secure medium of governance within the platform and cannot be used to:

Settle debts or for payment of other products or services outside the platform.

Holding POLI tokens does not give you any right to the company shareholding, interest, dividends, revenues, or profits of the company.

Right to ownership of POLI tokens is only limited to the use of the tokens within the platform and not otherwise.

POLI token is a non-refundable utility token of the Polinate platform. It offers interoperability and a safe method of transacting for performing the various functions in the network. POLI token holders can earn numerous benefits, perks, and rewards depending on the amount of POLI tokens they hold or invest in the membership pool. The token has been exclusively created for the smooth functioning of the Polinate network.

The $POLI token sale will be conducted on the Polkastarter platform on Tuesday, 31st August 2021. The whitelisting for $POLI is open and will close on Wednesday 25th August at 4 PM UTC. For more details on how to whitelist, please refer to this post.