POOLZ- A DEFI PLATFORM DESIGNED TO HELP STARTUPS ACTUALIZE THEIR DREAMS

6 min readNov 17, 2020

POOLZ- A DEFI PLATFORM DESIGNED TO HELP STARTUPS ACTUALIZE THEIR DREAMS

The quest for a decentralized and censorship-resistant way of fundraising by blockchain crypto-assets innovators has given rise to IDO and ILO is known as Initial Defi Offering and Initial Liquidity Offering respectively, which is designed to help startups to excel.

Startups are new projects, businesses, or companies undertaken by a founder or an entrepreneur to seek, develop, and validate a scalable economic model. Although startups intend to grow beyond the solo founders, yet they face some uncertainty due to a lack of funds to develop their ideas.

One platform that has all it takes to help startups to become successful and actualize their goals is the POOLZ platform, which is designed to enable projects to get enough liquidity in a secure, transparent, and decentralized way.

POOLZ- BRIDGING THE GAP BETWEEN PROJECT OWNERS AND INVESTORS

POOLZ is described as a Layer-3 swapping protocol that enables new projects, businesses, or companies known as startups to manage liquidity auctions and by so doing, it brings these startups closer to early-stage investors and liquidity miners.

A protocol rules governing a blockchain network. A protocol is a foundational layer of code that tells a network how to function. It is very important to understand that protocols are the common communication rules that any network plays by because it serves as the program which forms the software basis of any given network.

POOLZ protocol is very innovative and it bridges the gap between project owners and investors. Another interesting aspect of this protocol is that it provides an immediate liquidity option for promising projects and offers investors access to an exclusive swap pool.

On the POOLZ platform, startups have the opportunity to scale through where others failed because POOLZ makes decentralized fundraising an equal access opportunity that can not be seen or obtained from any other platform.

POOLZ- A NON-CUSTODIAL, SECURE, AND TRUSTLESS PLATFORM

Apart from scalability issues which are hindering Decentralized Finance mainstreaming, security and trust are also challenges facing DeFi today, this is because many DeFi projects lack security and are not user-friendly. To make matters worse some of these already existing projects make use of poorly-written smart contracts which has undermined DeFi’s potential of being tamper-proof.

POOLZ intention is to ease these challenges by utilizing React Native to build the responsive POOLZ User-Interface together with an intuitive information architecture for a great User-experience. It is important to understand that React Native in a nutshell refers to an open-source mobile app framework that is used to develop applications for Web, Android, Windows, IOS, etc.

To achieve a high level of security, the POOLZ platform uses reliable and powerful back-end smart contracts

that guarantee optimal security. This smart contract is auditable and all funds on the POOLZ platform are held in it because POOLZ is non-custodial.

POOLZ MISSION

POOLZ’s long-term mission is to disrupt, and fully decentralized liquidity auctions, thereby helping blockchain-cryptocurrency startups to bootstrap liquidity which will enable them to maximize profitable trading prices both on DEX and on other AMM-based platforms.

Furthermore, POOLZ is a scalable, decentralized, reliable, and attractive platform designed to facilitate greater interoperability through cross-chain interactions. POOLZ is towards DeFi sustainability and has come to strengthen Decentralized Finance adoption and value, which will help reshape the financial system.

ABOUT POOLZ’S ECOSYSTEM

Blockchain ecosystem is described as a group of actors known as miners, users, and developers, interacting with one another within the blockchain’s world and the surrounding off-chain world.

There are two kinds of POOLZ users in its ecosystem. They are the Pool Creators and Liquidity providers which are known as Project Owners and Investors respectively. There are two types of Pools in the POOLZ’s ecosystem. They are:

DIRECT SALE POOLS (DSP): DSP is pooled with a lock-in period. On these pools, investors get their tokens immediately after the swap.

TIME-LOCKED POOLS (TLP): TLP is designed to have a predefined lock-in period. Here investors only receive their swapped tokens after the period duration is completed. One thing about POOLZ smart contracts is that it allows pool creators to decide and define custom lock-in periods thereby releasing swapped pools (assets) incrementally.

POOLZ TOKEN

POOLZ like every other platform has a native token known as POZ. This token is an ERC-20 compatible token built on the robust Ethereum blockchain. POZ will be utilized for incentivization, governance, project development, and many more.

POZ token ownership makes both project owners and investors eligible for a range of use-cases. Holding POZ is very beneficial especially to investors because the token helps them to enjoy a better swap ratio for pools running on the POOLZ platform.

CONCLUSION

POOLZ enhances the possible returns for liquidity miners through their tokens. It also helps users to earn passive income by staking their POZ token in a specific ERC-20 wallet. Although POOLZ currently supports ERC-20 tokens, they plan to integrate non-fungible ERC-721 tokens and other cross-chain standards and functionalities in the future.

To make things better and easier POOLZ will implement a Proof of Stake consensus mechanism for its governance. This will allow POZ token holders to gain voting rights by staking their POZ tokens in designated wallets. Above all, this mechanism will involve a limited period of staking. With the POOLZ platform, startups stand a very good chance of being successful.

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