As a completely decentralized protocol launchpad, Poolz uses a voting mechanism as part of the due diligence process. The main goal of the Poolz Council — also called Poolz Governance — is securing a fair, independent, and credible project launching process.

The Process

At Poolz, they help projects raise funds by using our in-house technology, including smart contracts. Using the project token metric and its parameters, they estimate how much they can raise in BNB Chain(BUSD) through the Poolz community for each project.

In order to raise funds with Poolz Finance, projects must first submit an application form. And right after that, we start our due diligence process.

How Poolz Council Will Work

Each Council member will have access to a private, Council-only group where they will share information about upcoming votes and the projects.

In order to pass the vote, a project must receive a majority of 70% of the votes within a predetermined timeframe.

Joining Poolz Council will allow you to influence Poolz’s future by making your voice heard on key decisions such as new features, company milestones, and anything else you think is important.

The benefits of being part of the Poolz Council extend beyond the ability to vote in the due diligence process for IDOs on Poolz, and include:

• Exclusive private deals not limited only to Poolz but also external hyped projects.
• Guaranteed allocation for Pre IDOs & IDOs.
• Additional allocation.
• Active involvement in critical decision-making.
• Socializing with key people from different projects, CEOs, CMOs, etc.

How do I become a Poolz Council Member?

1. Lock at least 20K POOLZ tokens for at least 60 days.
2. After you do so, please contact @LiamPoolz on Telegram. You will be asked to send the Tx ID for the lock and your corresponding wallet address.