Polkadot ecosystem, the Ethereum’s Contender - Crypto Academy / S4W7 - Homework Post for @allbert by charis20

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· @charis20 ·
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Polkadot ecosystem, the Ethereum’s Contender - Crypto Academy / S4W7 - Homework Post for @allbert
<div class="text-justify">

Hello great steemians, it is lovely to be part of this week's crypto academy class.

![iMarkup_20211023_225218.jpg](https://cdn.steemitimages.com/DQmeUTHVjaN4NNjvixDsooWkkaX9ecdD28gPdgMU31Dnuen/iMarkup_20211023_225218.jpg)
*image made with imarkup*

### <center> QUESTION 1 </center>
>Explain in your own words why you chose it and why you think it is relevant to the world.

![iMarkup_20211023_210147.jpg](https://cdn.steemitimages.com/DQmPvPeTsbHBYr4V2bQJ9uogk2hwZDZ1emUNKxQwXxtzTsx/iMarkup_20211023_210147.jpg)
*Polkastarter.com app*


Polkastarter is a brand new decentralized exchange  constructed on pinnacle of Polkadot  to facilitate  interoperability among specific blockchains. 
It additionally incorporates a decentralized monetary protocol that permits groups to elevate price range thru a pool of cross-chain tokens. The steady and decentralized surroundings guarantees that  price range continue to be safe.

Polkastarter became firstly based at the Ethereum community in 2020 and has controlled to grow to be a extensively used platform for DEX and IDO preliminary offerings. For this yr 2021, they went to the Polkadot Network and presently continue to be in its ecosystem

Polkastarter is a protocol which handles auctions created readily of use and corporations of tokens that join among chains primarily based totally on Polkadot. I chose this challenge due to the fact its imaginative and prescient is centered on new blockchain tasks that are seeking for greater capital and distribute their tokens, which makes it very exciting for the whole ecosystem, thinking about that there are numerous tasks in improvement nowadays and polka starters is a brilliant region to start. is whilst you make an preliminary offer.

It is applicable global due to the fact with Polkastarter all blockchain tasks can create their crosschain alternate organizations that permit them to elevate funds,  brilliant safety for the customers who make investments and all this due to the fact the exchanges are done mechanically way to clever contracts.

An gain of Polkastarter is that customers can alternate belongings with out being tied to a widespread like ERC20 or BEP2. Additionally, cross-chain exchanges gain from quicker processing instances for transaction

## <center> QUESTION 2# </center>
>Description of the project and its platform. (Screenshots needed).

Polkastarter became co-based with the aid of using Daniel Stockhaus and Tiago Martins,  human beings who've been withinside the tech enterprise for greater than  decades. Daniel Stockahus became a co-founding father of the LiGo business enterprise and Tiago became a co-founding father of the Codeplace business enterprise.

Polkastarter knows that clients are seeking out quicker and greater strong transactions, with an easy-to-use fashion, and with approaches to buy gadgets and distribute them on blockchains. And that is precisely wherein the magic of Polkastarter is available in with the aim of enforcing many consistent exchanges, such as on-chain exchanges, all powered through the Polkadot ecosystem, which gives better normal overall performance for transactions which might be rapid and lots cheaper. and, on the identical time, they will. live linked with the Ethereum community, at the side of numerous chains to maintain liquidity rising.

Let's login to polkastarter.com and it will have this kind of look.
You can apparently see that polkastarter up coming is games which includes Dose and legend of fantasy war which are to be launched soon. A great achievement for the year 2021 which has brought a great wave of new users and is changing the narrative in terms of the world's economy.

![iMarkup_20211023_204618.jpg](https://cdn.steemitimages.com/DQmU78J7qFoJnmbwENZ4gfDkWLJreAwePPzRnpjfj1GQuoJ/iMarkup_20211023_204618.jpg)
*Polkastarter.com app*

After that you will find a little more information about Polkastarter and here we have write up that will explain the following:
How to participate in a Polkastarter IDO?
How to buy the Polkastarter POLS token?
What is an IDO (Initial Decentralized Offering)?

![iMarkup_20211023_204922.jpg](https://cdn.steemitimages.com/DQmZCrbrCq15HwQvhcvoKZvt7nmGSSqPU6QAfb67gjs5Qg2/iMarkup_20211023_204922.jpg)
*Polkastarter.com app*

The next column are the projects that they have actualized, financed and that have totally gone SOL OUT. Once again, it is appreciated that the NFT gamer world is in a truly impressive growth, of the 6 funded projects, 4 deal with NFT games and we have a platform called Vera that is also in charge of the NFT world.

![iMarkup_20211023_204735.jpg](https://cdn.steemitimages.com/DQme3ei2KJcUJ6SonVLqPzkoP9sWN59P6n8gLznchNyCuXz/iMarkup_20211023_204735.jpg)
*Polkaster.com app*


![iMarkup_20211023_210511.jpg](https://cdn.steemitimages.com/DQmeUwrHkD9EMSK5eyydSDzrETaQH4eGAfFruerB2eajcZZ/iMarkup_20211023_210511.jpg)
*Polkaster.com app*

To cowl a bit greater approximately Polkastarter, I will speak approximately the constant alternate pool which  clearly includes list the projects  at a set fee after which maintaining them if there are nevertheless tokens  within side the preliminary pool. All  to have a decrease volatility within side the creation of the tokens, as I already cited while this preliminary creation is made in Uni swap, which typically has a excessive volatility, and hence preserving this manage decrease will increase the transparency of the cash accrued and the whole thing sold. Token of the project, when you consider that with excessive volatility it will become greater complicated to calculate  stated quantity of tokens sold.

### <center> QUESTION 3 </center>
>Real functionalities and applications. (Screenshots needed)

Polkastarter permits you to index tasks for a hard and fast and speedy fee. This holds 
 so long as the tokens stay in the genuine offering. This has to generate a lot much less volatility round a token launch. Gives a challenge and its consumers extra transparency approximately the budget  and provided tokens. These statistics aren't continually so clean to calculate if the provided tokens are enough with excessive load volatility.

A liquidity pool provides clients with liquidity at any rate level. This property is a valuable asset for tasks seeking instant liquidity for their allocation token. If the token only has  to go through a sophisticated pricing phase, no one can assess its value. So while an allocation creates a  new liquidity pair for your protocol token,  preliminary rate swings can be quite volatile, especially if the pool is actually worth much less than $ 100,000

Fixed exchange pools solve 3 main challenges which are Lack of manipulation mechanisms: unfair token distribution and gross liquidity pulls Avoid token dumps by private investors Reduce token provisioning costs.
When we first joined Polka Starters, our number one aim changed into to explain the 
 impact  our platform could have at the industry. In short, Polkastarter allows capital elevating tasks  in a decentralized and interoperable environment. To gain this, our platform needed  the proper mixture of speed, scalability, interoperability, upgradability, and governance.

During the Polkastarter prototype section, we explored severa options. During  Web3 Summit 2018, our CEO Daniel Stockhaus became curious approximately Gavin Wood's presentation of substrates. It have become a Polkadot business enterprise that grew via Parity, permitting the founders to construct custom blockchains the usage of a easy framework.

There are several characteristics why Polkastarter chose Polkadot which are:
1. Scale and stability
Polkadot solves the issue of scalability in two ways;
a) Horizontal scalability in the form of Parachains 

b) Vertical scalability via it's GRANDPA consensus mechanism.

Polkastarter have the following objectives while in Polkadot:
Governance infrastructure that allows the community to vote on POLS tokens.
Greater involvement in different types of mechanisms,  grouping operation, governance operation and reward for grouping. All using POLS tokens.


### <center> QUESTION 4 </center>
>Future development and associated projects. (Screenshots needed)

Future development and associated projects. (Screenshots needed)

We can see that the project consists of several phases and for now we would be in the Q2 and Q3 phase, to end in the last Q4 of the year 2021 which would be:
Polkastarter 3.0

Exchange of tokens between the chains.

Dynamic Swap.

The associated projects includes:
DIA is the suitable Oracle accomplice for polka novices who want short get entry to to charge reassets that permit for excessive slip warnings. Thanks to the mixing of DIA, our customers can alternate thoughts in a fair, obvious and stable environment, ”says Daniel Stockhaus, 
 CEO of Polkastarter, approximately the brand new partnership.

Covalent brings rich statistics from the blockchain to inform investors about tokens, token tasks, transactions and historic statistics of crypto-belongings and wallets. By together with Covalent's services to Polkastarter, they'll act as a similarly statistics deliver to validate the movements of wallets. Should token sale tasks select out out to use the ones tools, they'll be able to see if wallets have been used for illegal features in conjunction with coins laundering and distinct suspicious activities. Additionally, token sale tasks can link the team's identifying statistics to their token sale swimming swimming pools to boost take delivery of as proper with and transparency to capacity buyers. Ultimately, the addition of Covalent's services to the Polkastarter Ecosystem will permit a extra steady environment for token earnings and swaps.

Moonbeam generation affords us with an green manner to re-put in force our modern-day Solidity code in Polkadot with confined changes. This is an vital gain of Moonbeam, because it reduces developer time and sources required for this type of migration. Moonbeam is able to transpiling Solidity and different Ethereumnative common sense and code to be well matched with Substrate and Web3 environments in Polkadot.


### <center> QUESTION 5 </center>
>Carry out a technical analysis of the token of the selected platform, then through your validated exchange account make the purchase of the token (15 USD minimum). Screenshots and an explanation of the procedure are required.

![iMarkup_20211023_224014.jpg](https://cdn.steemitimages.com/DQmedWX4Cwpa9rM98CjZuYzf1wGVPg3CKw2gF7qpk7rVWaj/iMarkup_20211023_224014.jpg)
*Coinmarket cap*
POLS analysis begins at the coinmarket. As at the time of this report Pols is ranked 195 with a low of $2.94 and high at 3.15


It was furthered analyzed on tradingview.com with USDT. as shown below

![iMarkup_20211023_224257.jpg](https://cdn.steemitimages.com/DQmNW67J8x9aW2Z25Gu8BUjskSDggvU3NPSP32Uy8Pm74Ed/iMarkup_20211023_224257.jpg)

![iMarkup_20211023_224157.jpg](https://cdn.steemitimages.com/DQmY4VaiHSnaWXoE2bL2mjNUMiPnENt4gVoHHmttXrYPc6w/iMarkup_20211023_224157.jpg)
*Trading view.com*

A purchase of $15 was made on binance account which give 4.9 Pols at a uni price of 3.001. The chart below bellow shows more

![iMarkup_20211023_224104.jpg](https://cdn.steemitimages.com/DQmb2VM89pzxXnL7PcJWcqQUcdEk7bY5c1jKRPMtth47Wsf/iMarkup_20211023_224104.jpg)
*Binance app*

### <center> CONCLUSION </center>
Polkastarter is an absolutely powerful mission that operates within the Polkadot ecosystem. Right now it has a version that I suppose is superior to the opposite systems and in case they maintain that recognition they can be expanded in their standard development.
Its nice engaging in this course. Thanks.

cc:
@allbert

*Best Regards*
*@charis20*
</div>
👍  , , , , , , , ,
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vote details (9)
@allbert ·
Hello  @charis20 Thank you for participating in Steemit Crypto Academy season 4 week 7.
<p></p>

| Criteria | Grade |
| --------|---------|
| Q1 content|0.75/1.5|
| Q2 content |2 /2|
| Q3 content|1/2|
| Q4 content|0.75/1.5|
| Q5 content|1/1|
| Post Presentation | 0.5 /1|
| #club5050 | 1/1|
| ***Total*** |***7/10***|

<p></p>
Homework task: 7
<p></p>
Feedback:
<p></p>
Overall I think your post was good, but there were some important details missing.
<p></p>
For example in question 3 the support images that I requested were missing. I also consider that your answer 1 was not analytical enough regarding the relevance of the project.
<p></p>
In question 4 you did not use images either.
<p></p>
The analysis of question 5 was adequate.
<p></p>
Finally, thank you for supporting the club5050 initiative.
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@charis20 ·
Thank you professor, yes club5050 i support now and always.
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@steemcurator02 ·
#club5050  😀
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@charis20 ·
Yes we go #club5050😀🥰
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