PolkaParty is about creating a seamless user-friendly experience for governance, as we will be expanding the DeFi ecosystem one party at a time!
Bitcoin Mining runs the Bitcoin blockchain. BTC miners are responsible for executing transactions, as well as moving Bitcoin from the maximum supply of the asset to the circulating supply. Bitcoin mining is a peer-to-peer process of adding data to the Bitcoin ledger to verify and secure contracts. Groups of recorded transactions are aggregated into blocks and then added to the Bitcoin blockchain.
In recent years global finance has made remarkable progress. One of the latest and significant advances in the world of technology is Cryptocurrency. Decentralized finance, also known as DeFi, is a rapidly growing sector of the cryptocurrency industry. Defi gives you the opportunity to grow your investments using Defi's complex features like Staking & Farming However, these Decentralized finance operations are complex and require a very efficient brain to understand and perform. Many investors are frustrated in crypto when they can't get the same profit as friends, colleagues, because of your inability to understand all these DeFi requirements.
How Does PolkaParty Work?
Parties will consist of members, whose personal wallets are integrated into the party wallet.
Depending on the criteria set by the party, the parties will consist of voting and non-voting members.
Wallet addresses with voting power will eventually be able to provide party guidance with voting actions
HouseKeys are generated for all users creating parties (Public or Private), through which users can join parties seamlessly on the main dashboard within the PolkaParties Portal.
HouseKey is required to sign a smart contract, so your wallet will be integrated into the party wallet.
PolkaParty has built a time interval based model that allows created parties to allow Partygoers to withdraw funds within a set timeframe.
From such party's action, the user will be given a Daily, Monthly or Yearly + Withdrawal Time Sequence, to withdraw the profits back to the personal wallet.
Penalty for early withdrawal of funds before the distribution interval for party members.
In short, miners around the world are trying to solve complex puzzles on their BTC mining machines in an automated way. All these machines compete with each other to find the solution of the puzzle. When the puzzle is solved, a block is mined and the solver is rewarded with a certain amount of Bitcoin. On average, a new Bitcoin block is mined every 10 minutes. The cost of electricity and other aspects affect profitable Bitcoin mining.
A Bitcoin mining rig is a computer hardware setup intended for BTC mining, whereas a Bitcoin mining farm is a collection of mining machines. Mining pools also exist, formed from pools of miners who pool their resources towards a common mining goal and share mining rewards.
Polkaparty Governance fund action in 4 models.
Democracy — Democratic parties are used to equalize and manage a group regardless of who, where, and how many. Democratic parties are straightforward, everyone gets the same vote. Democrats use multisign wallets as a form of governance where every registered, active address is entitled to a transaction confirmation sent to EVM. This is one of the most technically basic forms of party government.
Weighted Democracy — The Weighted Democracy Model aims to provide an alternative solution to funding governance. In this model, the user has a vested interest in a party and can track their Party Power percentage. Simply put, the higher the proportion of parties a partygoer has, the more power he has over the governing vote. Technically, party weights can be compared to LP pools. The more pools you have, the higher the percentage of your payouts, prizes and party benefits.
Monarchy — Monarchy is the simplest and most risky type of party. Here at PolkaParty, believing in decentralization and equality, with this in mind, allow a Party to be created that gives all Party governments to one purse, the King.
Republic — The Republic changes the game not only because of its ability to manage funds in an untrustworthy manner, but because it is the most efficient way to validate transactions or decisions of individuals within a small group (such as a board of directors) representing a larger entity. This is the most efficient model because it only requires the full attention of some parties. This governance model is the pinnacle of PolkaParty's innovation as it allows a representative body to create and manage their own funds. PolkaParty is very focused on creating a universal experience in allocating funds appropriately and adequately for large investments.
PolkaParty Gifts & Gifts
After the collection of the daily distribution fee, the total amount that has been collected will be paid back to the user, up to 50% of the total daily distribution fee collected on the platform, which stakes the POLP on the platform. If the volume & number of trades increases on each side, the bonus/payment of holding the POLP will also increase.
Tokonomics
Nama Token: POLP
Total Supply: 200,000,000
Private Sale : 500,000 (20 million Tokens)
Public Sale: 250,000 (781 NFT) (7.81 million tokens)
Private Selling: $0.025
POLP at launch: $0.032
Conclusion
Polaparty, where you, your friends and family can all share a wallet with customizable built-in governance. As a collective, you can all be part of the big decisions that involve what coins you want to invest in or when you feel the time is right to sell. Polkaparty also has a leaderboard system set up with weekly prizes for whichever side has the most profits based on their percentage.
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