Polars Protocol (Public)
  • INTRO
  • POLARS PROTOCOL
    • Base Concept
    • Prediction Pool
    • Events
    • Tutorials
      • Predictions Charts
      • Cross chain swap
      • Bridges
  • BUSINESS MODEL
    • Business Model Overview
    • Tokenomics
      • Polar tokens
      • POL Governance Token
    • Providing Liquidity
    • Predictions
    • Aggregate Price
    • Referral Program
      • Rules
      • How to join?
      • Polars Angels
  • ROADMAP
    • Long-term plans
    • Polars Events
      • Big Trading Competition on the testnet ($300k+, NFT and 30% Airdrop)
  • USER GUIDES
    • Make predictions
  • AUDIT
    • Zokyo
  • RESOURSES
    • Website
    • App
    • Social Media
    • Contact Us
    • Token Links
    • Fee distrbuition
    • POL Burning Event
    • Smart Contracts
      • Polygon Mainnet
      • Polygon Mumbai testnet
      • BSC
      • Ethereum mainnet
      • HECO testnet
      • HECO mainnet
      • BSC-test
  • Regulations
    • Regulations for the Polars platform
    • Event Start/End
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  1. BUSINESS MODEL
  2. Tokenomics

Polar tokens

Polar Tokens are game tokens.

Polar tokens are generated in the Prediction Pool by the mint function. Their emission is unlimited.

In order to mint a polar token, the user must put collateral in the Prediction Pool (For example: BUSD). This collateral will remain in the Prediction Pool until the user returns the polar token back.

When the user returns the previously purchased polar tokens back to the Prediction Pool, the collateral of these tokens in the underlying asset (BUSD) is returned to him. In this case, the tokens are destroyed by the burn function.

All minted polar tokens are always backed by the underlying asset. Having polar tokens, the user can always return them back to the Prediction Pool and return the collateral in the underlying asset (BUSD).

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Last updated 3 years ago

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