PolkaParty — Adding social networks to the PolkaDot landscape

Bristy Saha ‘_HOMT’
3 min readAug 27, 2021

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The solution is to build a system that allows anyone to construct or join a party with reputable friends, colleagues, and, most crucially, DeFi veterans, all while navigating the environment of limitless earnings from wise decisions. You won’t be annoyed by DeFiety (DeFi-Anxiety) or FOMO into unwise decisions because of a lack of knowledge because you’ll be able to investigate, chat, and vote with your colleague’s partygoers.

PolkaParty intends to provide a user-friendly DIY DAO (Parties) solution that is aimed to make it easy for all party members to combine their assets for a variety of financial operations and benefits. PolkaParty is a never-before-seen platform for bringing your pals together and creating actual market waves. You’ll not only be battling for delectable rewards, but we’ll also be creating a competitive marketplace that benefits the most dedicated and devoted players.

POLKAPARTY features include Yield farming, ICO launchpad, crowdfunding, and property investment pools.

What is PolkaParty and How Does It Work?

Members of parties will have their personal wallets connected with the party’s wallet. Parties will be made up of members with voting power as well as nonvoting power, depending on the conditions established by the party.

Wallet addresses having voting power will be allowed to provide party advice through their voting activities in the end. All users who establish a party (public or private) receive HouseKeys, which they may use to join the party directly from the PolkaParties Portal’s dashboard.

Your wallet would be connected with the party wallet because HouseKey is necessary to verify the smart contract. PolkaParty has developed a time interval-based approach that enables parties to be hosted with the ability for partygoers to withdraw payments within a set period.

A client will be offered a Daily, Monthly, or Yearly + Fund Release Time Sequence to transfer profits back to a private wallet based on the actions of the parties. For transferring cash even before the time interval for allocation for party members, there is a penalty.

What exactly is the POLP coin from Polkaparty?

POLP would be the PolkaParty governance token, and it serves as the primary impetus for the development of the majority of the system’s goods and features. Most protocol decisions were decided by the POLP holders, from the introduction of new products to the rebalancing of assets, the development of strategies, and the incorporation of new technologies. POLP provides its holders with the ability to take charge of their financial prospects.

Tokonomics

POLP is the Token’s official name.

Supply totals 200,000,000 units.

500,000 dollars in a private sale (20 mil Tokens)

Sale to the general public: 250,000 (781 NFTs) (7.81 mil tokens)

Private Sale: $0.025 per share

If you’re looking for somewhere where you and your friends and family can join a wallet with adjustable integrated governance, check out Polaparty. As a group, you can all participate in major decision-making processes, such as deciding which coins to buy in or when you believe it is the best moment to sell. Polkaparty also has a scoreboard system in place, with weekly rewards awarded to the party that has made the most gains depending on their share of the vote. POLP was $0.032 at the time of launch.

Contact With Us:

Website: https://www.polkaparty.io
Whitepaper : https://polkaparty.gitbook.io/polkaparty
Twitter: https://twitter.com/Polka_Party
Telegram: https://t.me/PolkaParty
Medium: https://polkaparty.medium.com

Authorship:

ERC-20 Wallet Address: 0x441a3E89c787d4512356816ea40B7F63529856D0
Telegram Username: @bristysaha
Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5351932.msg57718795#msg57718795
Forum Username: nerobmon130
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2578561

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