PolkaBased protocol receives price information every 24 hours in order to calculate the proportional expansion or contraction of POB's to each token holder. This means the number of POB tokens in user wallets automatically increases or decreases based on price. Your share of the POB network never goes down.
The expansion or contraction of POB tokens - called "Rebases" - are integral to PolkaBased core functionality. These rebases occur once each day. Having trusted data providers for PolkaBased’s oracles will ensure a fair, transparent and properly functioning system.
PolkaBased incentivizes users to act as liquidity providers within the network. A transfer fee of 3% is taken on every transfer of the POB token and send to the Liquid program. The Liquid program is used to reward liquidity providers.
The community plays an important role in network improvements, upgrades and stability by voting on proposals or pushing a proposal to be voted on. This can be done through the on-chain Governance Platform by using the POB token.
Proposals and votes are applied automatically due to smart contracts on the Ethereum blockchain. The proposals and votes are transparent for all users. The PolkaBased team is tasked with applying the changes to the protocol.
PolkaBased is a synthetic asset made to simulate the market patterns of Polkadot. A synthetic asset is one whose properties have the same effect and value as another asset.
Your share of the PolkaBased network only changes if you transfer POB to some other party. This is the base from which we will create a strong monetary ecosystem.
The Liquid program rewards users who stake their POB tokens in the liquidity pool. Rewards are based on how long and how much tokens a user stakes in the pool.
Twitter Bounty Campaign!
This Bounty Campaign has ended. Stay tuned for more!
Community Governance plays a very important role in the network. We value feedback from the community. You can start now by pushing a proposal to the team!
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