Polaris DeFi Announcements
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Polaris will be attending this weeks Crypto AM Awards conference this Thursday and Friday to get the word out and secure new leads. Let us know if attending so we can meet up

https://www.cityam.com/crypto-summit-and-awards-2021/#
CAUTION! CAUTION!! CAUTION!!!πŸ”‡πŸ”‡πŸ”‡πŸ”•πŸ”•πŸ”•
There are several groups now created as Polaris Defi community which are fake. One is having about 41k members while the other one claims to be the English polaris Defi community with about 9k followers or so.
Please help us report them to telegram.❌❌❌

This is the only official Polaris Defi community. You can see changes in their group links, please report themβœ…βœ…βœ…

Below are the imposters' community links:
@polarisdefii
@polarisdefi_eng

Please join and report them as much as you canπŸ’ͺπŸ”₯❌❌❌❌❌❌❌
πŸ”‡πŸ”‡πŸ”‡πŸ”•πŸ”•πŸ”•
HELLO EVERYONE!!!
The staking site is now live and you can access your staked assets immediatelyπŸ”₯πŸ”₯
Kudos to the team, Our Dev and we appreciate you all for the long waitπŸ₯³πŸ’―🀝

Now let's enjoy the ride matesπŸ”₯πŸ”₯πŸ₯³πŸ’―

BSC staking link: https://app.polarisdefi.io/

Polygon staking link: https://poly.polarisdefi.io/
DO YOU KNOW??πŸ”₯πŸ”₯πŸ”₯
Polaris is a Decentralised liquidity farming platform for projects to set up their own farms to attract liquidity to their token.πŸ’―πŸš€πŸš€πŸš€

#PolarisDefi #Supernovas
#Bsc #Polygon
#Staking #Farming

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ANOTHER BURNπŸ”‡πŸ”‡πŸ”₯πŸ”₯πŸ”₯
Hello everyoneπŸ”‡πŸ”•
We have burned another 91,606 Polars since the last burn on 20-Sep. This includes 62,025 on Polygon and 29,581 on BSC. These represent 50% of the Polar fees spent on Polar supernova reward multipliers.πŸ’―πŸš€πŸš€πŸš€

#PolarisDefi #Burn
#Polygon #Bsc

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See Polaris first State of the Polar Economy performance report, which will be produced monthly and will evolve to include more performance stats.

https://polarisdefi.medium.com/state-of-the-polar-economy-september-performance-report-dd0ed9e6edec
CROXSWAP X POLARISπŸ”•πŸ”•πŸ”•πŸ”•πŸ”‡πŸ”‡πŸ”‡
Polaris are thrilled to announce a listing on our friend's CroxSwap liquidity farms. They are kind enough to boost the 200,000 Polaris rewards we are offering, with 10,000 of their own Crox tokens.

Croxswap liquidity farms are different to Polaris Supernovas as there are no reward multiples for longer staking time and for Polar spend. But they are simpler to use, so both types serve a purpose.

We welcome the cross community exposure this listing provides.πŸ’―πŸ’―

The Farm goes live in 30 hours but has been listed in advance.πŸš€πŸš€πŸ”₯πŸ”₯

https://app.croxswap.com/dualfarms

#PolarisDefi #CroxSwap
#partnership #Liquidityfarming

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CROXSWAP X POLARISπŸ”•πŸ”•πŸ”•πŸ”•πŸ”‡πŸ”‡πŸ”‡
COUNT-DOWN⏳ 20 HOURS TO GOπŸ”₯πŸ”₯πŸ”₯
Polaris are thrilled to announce a listing on our friend's CroxSwap liquidity farms. They are kind enough to boost the 200,000 Polaris rewards we are offering, with 10,000 of their own Crox tokens.

Croxswap liquidity farms are different to Polaris Supernovas as there are no reward multiples for longer staking time and for Polar spend. But they are simpler to use, so both types serve a purpose.

We welcome the croxx community exposure this listing provides.πŸ’―πŸ’―

The Farm goes live in 20 hours but has been listed in advance.πŸš€πŸš€πŸ”₯πŸ”₯

https://app.croxswap.com/dualfarms

#PolarisDefi #CroxSwap
#partnership #Liquidityfarming

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Token economics planningπŸ”•πŸ”•πŸ”‡πŸ”‡πŸ”₯πŸ”₯

For clarity we provide our latest thinking on current planning around bridging, token unification and potential fund raising round. This adds further substance to our pinned IT Roadmap.


Current token economy design:

Currently, we have two independent Polar tokens, one on bsc and one on polygon. The supernova service is available on both blockchains. So the demand and supply dynamics are different depending on uptake of supernovas on each blockchain.


Initial bridge:

We plan to introduce a simple bridge to transfer/trade between the Polar token on BSC and polygon.


Unifying token:

We also plan to introduce a unifying Polaris token on ethereum once eth2.0 is implemented, which will require a change to underlying token economics to accommodate, while maintaining the current supply across all blockchains at 100m less burn.

Unifying the Polar tokens can be done while maintaining the 100m circulating supply of tokens across all three blockchains. This will involve introducing 100m locked Polaris tokens on Ethereum which can only be unlocked by bridging existing Polar tokens from BSC and/or Polygon. But using this same logic we may need to introduce another 50m locked tokens into BSC and Polygon to accommodate bridging the tokens between each of the blockchains. So the next effect will remain 100m tokens unlocked circulating supply across the three blockchains at any one time.

This design would require a decentralised trustless solution.

Potential fund raising:

Separately from this, we may decide to introduce a funding round alongside our launch on Ethereum. This will only be done if we believe that the extra resources will increase value of Polaris compared to the resulting dilution.

#PolarisDefi #Economicplanning
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PARTNERSHIP🀝πŸ”₯πŸ”₯πŸ”‡πŸ”‡πŸ”•πŸ”•
CROXSWAP X POLARIS DEFIπŸ’―πŸ’ͺ

Polaris are thrilled to announce our listing is now live on our friend's CroxSwap liquidity farms. They are kind enough to boost the 200,000 Polaris rewards we are offering, with 10,000 of their own Crox tokens.


Our yield farms complement each other, offering different features. And they are very simple to use, so both types serve a purpose.

We welcome the crox community exposure this listing provides.πŸ’―πŸ’―

The Farm is now live and yield is currently a high 1,110.51%, but will fall as new stakers get involved by providing liquidity. πŸ”₯πŸ”₯

https://app.croxswap.com/dualfarms

#PolarisDefi #CroxSwap
#Liquidityfarming #partnership

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AMA with Polaris CEO Derek MyersπŸ”‡πŸ”‡πŸ”•πŸ”•πŸ”•

Hello everyone, we'll be hosting a hot AMA in our Telegram channel @ 3:00pm-3:30pm UTC (4:00-4:30pm bst) on Tuesday, 12th October 2021.

The AMA will be conducted by a "Fire Side Chat Mod"πŸ”₯πŸ”₯
So expect hot questions and answers as the AMA will be very interesting and we'll be rewarding people with best answers.
A Reward pool of 600 $Polar token to be shared among 3 members with the best questionsπŸ€©πŸ’―.

Don't miss itπŸ”₯πŸš€πŸš€

#AMA #PolarisDefi

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FEW MINUTES TO GOπŸ”₯πŸ”₯πŸ”₯
AMA with Polaris CEO Derek MyersπŸ”‡πŸ”‡πŸ”•πŸ”•πŸ”•

Hello everyone, we'll be hosting a hot AMA in our Telegram channel @ 3:00pm-3:30pm UTC (4:00-4:30pm bst) on Tuesday, 12th October 2021.

The AMA will be conducted by a "Fire Side Chat Mod"πŸ”₯πŸ”₯
So expect hot questions and answers as the AMA will be very interesting and we'll be rewarding people with best answers.
A Reward pool of 600 $Polar token to be shared among 3 members with the best questionsπŸ€©πŸ’―.

Don't miss itπŸ”₯πŸš€πŸš€

#AMA #PolarisDefi

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Forwarded from Derek P
Quick update as I am on holidays this week. Polaris is progressing well.

We kicked off our sales effort last week including 12 introductions which resulted in 6 proposals.

We also considerably increased our liquidity depth/value and breadth. Liquidity is critical for attracting more investors, traders and users to a projects token. Its also what Polaris specialise in. So well done community.

We also experimented with one of croxswap liquidity farms for 30 days to introduce Polaris to their community. This has had successfully attracted liquidity.

IT is progressing well with aim to have a bridge between bsc and polygon, possibly this week.

Also IT transition is 95% complete, with our new team completing a mini IT project to complete transition.

Unfortunately our price has weakened despite the progress made on our Project. But new crypto project prices are notoriously volatile and uncertain especially over the short term.

Our main short term focus is building sales pipeline and converting to new supernovas.

Also progressing IT.


Let me know if any questions.

https://polarisdefi.medium.com/state-of-the-polar-economy-october-1st-half-financial-report-f276d1f35019
Repost: POLARIS October PerformanceπŸ”₯πŸ”₯πŸ”₯πŸ’―πŸš€πŸš€

Polaris Defi Is actively committed to achieving its previously highlighted Roadmap. Alot has been achieved so far and there are tremendous improvement/development.

Here is a full article on the complete performance of Polaris Defi for the month of OctoberπŸ₯³πŸ₯³πŸ₯³

https://polarisdefi.medium.com/polaris-performance-for-october-2021-5853521651c8

#PolarisDefi #Performance
#ITRoadmap

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GENERAL DATA UPDATE πŸ”•πŸ”•πŸ”•πŸ”‡πŸ”‡πŸ”‡

Hello everyone, CMC seem to be having trouble displaying our price chart. It went down during the week, they resolved the problem, now it has gone down again. We will contact them again to resolve. In the meantime you can see the polar price here:
https://www.coingecko.com/en/coins/polarisdefi

Secondly, due to the update from CMC, Token price on Trust wallet has dissapeared, please worry not as your Token balance is still same and intact. Immediately the update is finalized and concluded, everything will start displaying again.
In the meantime, you can use the link below through Trust wallet dApp to view/track your Polar asset:
https://pancakeswap.finance/swap

#PolarisDefi #CMCUpdate

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Polaris strategy is to wait because when commercialising new technology, timing is critical.

We are placing fund raising and investment on hold for 12 months because we believe that Polaris is ahead of the market and we need to wait for paying customers or users to catch up with the latest and emerging DeFi innovations.

I remain a firm believer in the future of Polaris, liquidity farming, DeFi, cryptocurrency and Blockchain technology.

As a fellow Polar token owner I believe that this is our best strategy forward. Our proposition is currently too risky for investors, to fund IT, compliance and marketing. The business case is too risky. However, once real crypto project customers / users enter our market, this will change.

I am committed to continuing to lead Polaris. I am continue engaging with potential investors and Advarna and I will continue to provide updates back to the community. To demonstrate my commitment we have added Polaris to LinkedIn and to my profile https://www.linkedin.com/in/derek-myers-579379/ .

We will review this strategy in 12 months time or earlier if the market fundamentals change or if an investor emerges.

In the meantime we will continue to support Polaris' DIY Supernova service as it stands including the platform and community support.

Behind the scenes it has been an intensive two months since taking over Polaris. But now with a thorough understanding, I do believe this is the best way forward for Polaris. We may find that in 12 months we are in a stronger position than our competitors because we have conserved our resources.

Thanks for your support during this time. I do hope you will continue to support Polaris and this strategy.

Derek Myers
Project Leader
POLAR BURN ANNOUNCEMENTπŸ”₯πŸ”₯πŸ”₯

πŸ›‘HELLO EVERYONE

Below is the detailed report on the Polars burned for supernova transactions over last 6 months.

πŸ“Œ 250,000 Polar burned on BSC platform

πŸ“Œ 184,300 Polar burned on Polygon platform

Thank you for the continuous support🀝

#PolarisDefi #PolarBurn #Supernova

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POLARIS SUPERNOVA FEES UPDATEπŸ”₯πŸ“£

πŸ›‘Hello everyone

πŸ“Œ Since our last Apr-22 Supernova Fees update, Polaris has earned fees of 745k Polar from supernova multipliers and harvests. 109k of these have been burned and Polaris has retained the remaining Polar in its Treasury.

πŸ“Œ Our Polar-USD LP supernovas continue to run and reward liquidity providers with 48% yield on BSC and 88% on Polygon before applying multipliers.

Thank you for the continuous support🀝

#PolarisDefi #Polarfees #Supernova

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We have decided to remain in deep sleep until a market emerges for our Supernova services. We do believe this is the best strategy for our community, although requiring patience for the emergence of a vibrant web3 future. We will invest once customers need our service. Please read our plans and reasoning on the attached link. Then tune into our AMA forum tomorrow if you would like to discuss.

https://polarisdefi.medium.com/polaris-deep-sleep-strategy-announcement-3f6ab89cb42e
Polaris DeFi Announcements pinned Β«We have decided to remain in deep sleep until a market emerges for our Supernova services. We do believe this is the best strategy for our community, although requiring patience for the emergence of a vibrant web3 future. We will invest once customers need…»