Deep Dive
1. POLS 2.0 Upgrade (23 Sep 2024)
Overview: This upgrade modernizes $POLS’s tokenomics and cross-chain interoperability while retaining the original token.
The revamped staking contract enables “POLS Power” rewards for custom on-chain actions, encouraging deeper engagement. It also fixes lingering issues from the Multichain bridge collapse, ensuring seamless asset transfers across supported chains like Ethereum and BSC.
What this means: This is bullish for POLS because it strengthens holder incentives and reduces technical friction for cross-chain users. Stakers gain flexibility, while the bridge fix mitigates a key operational risk. (Source)
2. V4 Beta Launch (5 Sep 2024)
Overview: Polkastarter V4 introduces AI-powered tools and streamlined user management.
Backend upgrades enable “Missions” – customizable quests that reward users with project tokens or POLS Power. The profile system allows linking multiple wallets and adjusting KYC settings in one dashboard, addressing a longstanding pain point for frequent participants.
What this means: This is neutral-to-bullish for POLS because while the features boost platform utility, adoption depends on project partnerships for Missions. The UX improvements could attract more retail investors. (Source)
Conclusion
Polkastarter’s codebase shifts toward modular incentives (POLS Power) and AI-driven engagement (Missions), positioning it as more than just a launchpad. With staking mechanics and cross-chain reliability now addressed, will developer activity rebound from its 2024 lows?