Polkastarter IDO Participation Guide

Polkastarter released IDO Guide answering your questions about the new Polkastarter IDO whitelisting rules and how to participate in a Polkastarter IDO.

The process of successfully participating in an IDO requires a few steps beforehand to ensure fairness and security.

• 🔻Step 1: Learn about upcoming IDOs

The best way to learn about upcoming Polkastarter IDOs is on channels.

• 🔻Step 2: Find a project and apply to whitelist

Once you’ve found an upcoming IDO you’d like to participate in, the next step is for you to get whitelisted, meaning your address will be eligible to participate in the IDO. Each project will have a bucket of addresses from which they will choose at random a smaller group of addresses to become whitelisted.

There are two ways to be eligible for whitelisting: 1) holding POLS in an Ethereum or BSC wallet, and 2) providing liquidity to an ETH-POLS pool on Uniswap or PancakeSwap.

• 🔻Step 3: Submit KYC and Participate in the IDO

Once you’ve submitted your whitelist application, you will need to wait for the whitelist window to close and for the team to process all the requests. The project team will select whitelist winners at random and publish the results on their channels.

Whitelisted addresses will then need to complete KYC. KYC is completed to ensure the project launches fairly, no bots have been whitelisted by accident, and to ensure compliance with regional regulation.

What is Polkastarter?

Polkastarter is a platform that connects young projects with early community members through initial decentralized offerings, or IDOs. During an IDO, a project will distribute tokens to community members (aka IDO participants) in exchange for funding.

📰 INFO:

https://blog.polkastarter.com/how-to-participate-in-a-polkastarter-ido/