Host : Please welcome Vlas and Yuriy !! Very please to meet both of you guys! ๐๐๐
Vlas : Hi Everyone๐
Yuriy : Hi, Everyone ! Thank you for invitation.
Host : Are you ready? I will start the first segment.
Q1. Please introduce yourself to our community and story first join to crypto
Yuriy : Our team consist of two parts. First part is 1makrketmakers.com team experienced in market making and business development. This part of the team is represented by our product lead Vlas in this AMA. Second part of our team is a technical team represented in this AMA by main platform architect and smart contracts developer Yuriy. My experience in cryptocurrency development is more than 3 years.
Vlas : We have been in the cryptocurrency market since 2017. We survived the crypto winter and now we are doing a new project in the field of DeFi.
Initially, we traded on the market independently, but then we began to apply the best market-making practices from the stock market and began to provide services in the field of exchange business development. In parallel, in the process of work, we became the official market makers of the Binance Futures platform.
Host : very good mate ! go the second question.
Q2. What is Polars can you tell me more about that ?
Yuriy : Polars is a prediction markets platform with unique economical model which support impermanent loss free investment opportunities and unique events prediction model. Our economical model gives to you an opportunity not only win voting for the event results but also significantly reduces your risk in a long term comparing to other platforms.
Vlas : Initially, the idea of polar tokens was centralized. We wanted to create a unique futures asset that would depend not only on supply and demand, but also on the results of external events. Later, Yuri implemented these ideas into smart contracts and the project became Defi
Host : Great ๐๐๐. Q3. What concept for Polar token ?
Yuriy : Polars platform has a governance token POL wich gives opportunity to participate in the platform gouvernance, access to unique services like creation of your own prediction markets and opportunity to participate in reward programs from platform fees distribution.
Host : I think this is a good project really ๐๐๐
Q4. How much feature you have for prediction market ?
Yuriy :Our platform supports any types of events, so it can be different types of sport events, political events, financial market events and more. Participants can affect which event will be selected for the platform by voting in the future releases. Also our platform gives unique opportunity to participate in multiple events by one action, what can multiply your results if you made your prediction right. It is also we plัn to have multiple event threads in upcoming future so it will be possible to participate in several events simultaneously.
I’ll give you an example with cryptocurrency markets. If BTC price changes during the day only by 5-15%, on our platform you can have multiple BTC events and make 5-10% on every events so if you are alway correct you can gain 100% of profits.
It is just an example how our platform might be more profitable than regular trading on DEX or CEX.
Host : Any way our community really love profit, and your project is interesting guys, we have to try!!! ๐ค๐ค๐ค
Q5. Its your platform cross chain ?
Yuriy : Cross-chain is in design of our platform out of the box. Owners of own governance token POL will participate in all our platforms launched in different networks and receive an additional token specific for each platform launched.
Vlas : Ethereum, Binance Smart Chain, Polkadot, Polygon (Matic), Near and otherโฆ
Host : Very Good !! Q6. How to get Polar token right now ? Is there plan to do IDO ?
Yuriy : We plan to have an IDO in the end of this May so every one can buy token. Users bought tokens will be able to participate in governance token farming program.
Vlas : First of all, we have a pre-sale for testers, each of you can take part in testing and get access to the pre-sale. Also we will have IDO on a2dao and MantraDAO
Host : Okay mate. We will wait for that ๐ฅ๐ฅ๐ฅ
Okay we are now on the second segment !! ๐
Q1. From @prinxsrt
Host : Many new projects make a good impression at first, but are suddenly abandoned. How can I be sure that @polars_io will be around for the long term?
Yuriy : Our project brings fundamental innovations into prediction market ecosystem so we believ it will find own significant place in this type of project. We also have a long-lasting plans for new features and concept for our platform. We are interested to grow our community and have a win-win relationships wih all types of participants of our platform like bettors, traders, investors, arbitrageurs, communities and developers.
Vlas : We have a good reputation in the crypto market. We provide services to many well-known companies. We value our reputation
Host : I like this statement, good reputation is everything
Q2. From @quotesbucin
How important is community to you? and how can we collaborate or help you for project development?
Yuriy :We like to be in close communication with our community. We believe that community and user networks are very important for DeFi projects. We benefit together with our growing community.
Host : Great ! we can do anything with the community ๐๐๐
Q3. From @acramatic1
Who is on the team, what are their backgrounds & credentials, and do they have any public track records?
Yuriy : The good starting point to learn about our team is the official medium article – https://medium.com/polars-platform/introducing-polars-core-team-13bfdde15c12
Our team consist of professionals in crypto business and development who have experiece working in multiple projects as developers, traders, economic advisers. Different participants of our team were involved in such projects like Hyperledger, SORA, Polkaswap, Burrow EVM, InterledgerProtocol, Binance futures and more
Host : Please read this one guys to know more about them! ๐
Q4. From @indahdewi9027
Trust and security is very important in any business , what makes investors , customer, and users safe secure when working with your project?
Yuriy :We are very serious about security. Currently we performing audit of our smart contract by Zokyo team. We plan to have additional audits in the future.
Host : Okay mate, this is the last question from segment 2 ๐ฅณ
Q5. From @almahera477
You have a lot of similar competitors in the crypto world. Can you indicate the strength of polar.io to compete with other competitors? What is your most trusted feature?
Yuriy : Our project is unique from economical model and user experience point of view. So we have strong sides which gives us an opportunity to compete successfully. Some features like unlimited event threads, opportunity to reduce risks with longer participation in the platform, possibility to create user’s prediction markets in the future and many more not yet public features in our roadmap should be interesting for our users we believe.
Vlas : One of the main problems in the prediction market is insufficient liquidity. We are solving this problem, since within the framework of one pair of polar tokens at a specific time, the interests of several groups of stakeholders intersect. This provides excess liquidity for polar tokens, which benefits both ordinary users and liquidity providers.
Host : Perfect! This is the last segment guys
Member 1 : How will you continue to promote your product in the future? Do you already have plans for other interfaces with other companies ?
Yuriy : We have marketing plan for 1 year already and we working on partnerships with other companies. For example we already have a partnership with blockchaincutties https://medium.com/polars-platform/polars-platform-partners-with-blockchain-cuties-universe-38d1d91279ba
Member 2 : Good day @vlas_m So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?
Yuriy :Currently we are focused on public test of our MVp and launch. It is really important moment for each project to do everything in a right way.
Vlas : At the moment, our MVP is ready. We are focused on delivering a quality testnet and launching the mainnet soon. In parallel, we are focusing on getting the first user base
Member 3 : How do you plan to spread awareness about your project in countries/regions where English is not spoken well like Indonesia?
Vlas : We plan to fully adapt the new language version for Indonesia and work with our Indonesian marketing partners
Member 4 : Success of a project also depends on the community, whatโs your project plan in attracting non-crypto users and spreading awareness globally especially to non English speaking countries?
Vlas : We plan to focus on partnerships and cooperation with various real companies that have their own adherents, who, in parallel, are betters. We want to offer them an alternative
Member 5 : Hello @vlas_m I have a question Why should I invest in your token; do you guarantee I’ll be profitable?
Vlas : We cannot guarantee profitability as this is a market. But we can guarantee our complete dedication in the development of the project, and tokenomics will help ensure that only success awaits us all.
Yuriy : Ok, I will stop answering! Thank you for all your great questions! Sorry that all questions cannot be answered right here right now. I was reading many interesting questions.๐
Host : Great! This AMA is very interesting because both of you have a very good project!! We will support you guys ๐ฅ๐ฅ๐ฅ
Before we ended this AMA, could you guys give contact, or website or anything so we can get the latest news about your project?
Yuriy : You can find many article about our platform on our Medium Polars.io. Many details of the projects described there. I can reccomend next articles:
https://medium.com/polars-platform/polars-unique-platform-device-af0e9acd6921
https://medium.com/polars-platform/introducing-pol-polars-governance-token-c4861cd9059c
https://medium.com/polars-platform/polars-farming-mechanics-470c579a6cb0
https://medium.com/polars-platform/features-of-the-polars-platform-9679a2fa63f9
And detailed video about platform here – https://medium.com/polars-platform/polars-official-video-286131323ce2
Vlas : https://twitter.com/polars_io
https://www.youtube.com/channel/UCu7xTJzt3WrqiqS4T2IVMhA
