Poolz; Expanding the DeFi world through Liquidity and Other Features
The decentralized finance or ‘DeFi’ boomed in popularity in the year 2020, with the introduction of DeFi services such as lending, borrowing, trading and investing in a transparent and decentralized nature, all with an internet connection and a crypto-wallet. This brought about the introduction of the 'Initial DeFi Offering' and ensured that traders moved into the booming decentralized exchanges(DEX).
It's not a secret that for a DEX or a DeFi project to be successful, it has to have a sustainable liquidity. This liquidity is a very important part of the system as its one that determines its market price. This is one of the reasons why most startup DeFi platforms can't survive in the current market and they have to find various means of sourcing their liquidity. This is where Poolz steps in and brings about a solution to their problems.
What is Poolz?
Poolz is a very unique platform in the DeFi space and it offers startups and project owners the chance to showcase and auction their tokens for bootstrapping liquidity as well as an OTC market. It's so easy to use as it has a user-friendly interface and will ensure that they are connected to an investor through its initial liquidity auctions.
The platform is fully decentralized and has a 3-layer swapping protocol and other unique features that aims to bring about cross-chain interoperabillity in the DeFi world thereby increasing the adoption of DeFi.
Features of Poolz
- It has a very user friendly interface that will enable project owners to auction their liquidity pools and make them discoverable and accessible to potential investors.
- It offers a variety of pool options for a wide range of blockchain projects, and with its cross-chain interoperabillity, it bridges the gap between different blockchain and brings them all under a unified interface.
- It's fully decentralized, makes use of the React native coding for its UI, and has a great deal of security offered by the use of the Solidity based smart contracts.
- It has a very good and amazing incentivization system that's continually updated to ensure that all its users are in profits.
- It has a system that ensures a lower transaction fee or 'gas' when project owners register their pools.
Implementation and Applications of the Poolz Defi
The Poolz DeFi has numerous implementations and use cases, and they include:
- Project owners and startups can make use of the Poolz Defi to source liquidity from investors by auctioning their liquidity pools. The platform will ensure that they are being connected with a potential investor or the Liquidity providers, thereby generating liquidity for the projects listing on the DEX. Currently, it offer 2 types of pools, the Direct Sale Pools (DSP) and the Time Locked Pools (TLP).
- Poolz DeFi can also be used for Yield farming as users who provide liquidity to auctioned projects can get proceeds from their ETH and DAI holdings in the MVP stage.
- Poolz also offers a marketplace for Over the Counter (OTC) trading for a wide variety of Crypto-products.
- Projects that are NFT based can make uze of the Poolz platform to launch their own unique auctions.
The Poolz Token, POZ
POZ is the native token of the Poolz platform and its an ERC20 token that is used for most of the internal transactions that takes place on it. It has the following features;
- Governance - Voting rights being given to POZ holders when staked with the use of its Proof of Stake (PoS) consensus mechanism.
- Staking - it has the ability to generate yearly passive income for its POZ holders when staked in an appropriate ERC20 wallet.
- Token Burn - it increases the ROI for the POZ community by making use of a Limited Top Value Burn policy
- Liquidity Providers Benefits - it offers liquidity providers access to exclusive pools as well as a better swap ratios and discounts.
Below is the allocation and distribution of the POZ tokens.
TOTAL SUPPLY | 5,000,000 POZ (100%) |
---|---|
Swapping Rewards | 1,850,000 POZ (37%) |
Staking Rewards | 1,750,000 POZ (35%) |
Private & Public Sale | 750,000 POZ (15%) |
Seed Sale | 240,000 POZ (4.8%)—Successfully completed at an average price of 0.455 USD. |
Private Sale | 360,000 POZ (7.2%)—Sale via multiple private channels at a price of 1 USD. |
Pre-Listing Auction Pools | 150,000 (3%)—To be auctioned prior to DEX listing at a fixed price of 1.6 USD. |
Team & Advisor | 500,000 POZ (10%) |
Liquidity Fund | 150,000 (3%) |
Roadmap
Q3 2020: Kick-starting Poolz
- Platform, smart contract, and network development.
- Seed sale completed.
- Testnet Launched—built with Truffle and written in .NET core, for optimum security and stability.
- Code published on GitHub: LINK
Q4 2020: Launching the MVP
- Pre-listing POZ sale (liquidity auctions).
- DEX listing.
- First pool creation on Poolz platform.
- Fixed token swaps.
Q1 2021: Accelerating Poolz
- Cross-chain swap integration.
- ERC721 (Non-Fungible Token) integration—NFT auction.
- Integrations enabling Yield Project owners to bootstrap pre-listing liquidity.
- Governance Launch & POZ Staking
- Stablecoin Swap integration.
- Implementing Bid Auction functionality.
Q3-Q4 2021: The Poolz DAO
- Launching Poolz v.3—A fully-functional DAO.
Poolz Recent Developments and News
- 13 Nov 2020 - TomoChain & Poolz to Announce Integration Partnership, Making Decentralized Fundraising an Equal Access Opportunity
- 22 Oct 2020 - Poolz Welcomes Two New Advisors to the Team to Help Lead DeFi Innovation
- 6 Oct 2020 - Poolz Raises $180,000 in Seed Sales On Day of Its White Paper Release
Final Thoughts on Poolz DeFi
With the current state of the DeFi Market, I feel that Poolz will bring about a change that will expand and enhance the adoption of DeFi. This will be made possible with its numerous unique features especially the marketplace that auctions liquidity pools, thereby facilitating listing on the DEX and promoting the growth of Startup and DeFi project owners. Poolz solves the common problem in DeFi.
Isn't that Amazing!!
Incase you need to know more about Poolz, you can visit any of the following links below.
Website: https://poolzdefi.com/
Litepaper: https://docs.poolzdefi.com/whitepaper/litepaper
Twitter: https://twitter.com/Poolz__
Medium: https://poolz.medium.com/
Discord: https://discord.com/invite/RgPjgUY
Telegram: https://t.me/PoolzOfficialCommunity
Github: https://github.com/The-Poolz
About the author: Hamzeto
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