Poolz

Oktober 17, 2020

Poolz

Project Owner’s Flow

Supported Blockchains & Wallets
Upon onboarding, project owners first need to select the blockchain protocol relevant to their project, as well as a cryptocurrency wallet.

In the MVP stage, Poolz supports projects based on Ethereum and the MetaMask wallet.

In the future, the platform will support other blockchain ecosystems. Moreover, users will be able to integrate wallets like WalletConnect, Coinbase Wallet, Fortmatic, Portis, as well as other non-ERC20 wallets.

Pool Creation

The token address (contract), containing information about its name and ticker. In the MVP phase, Poolz supports ERC-20 tokens. In the near future, the platform will integrate non-fungible ERC721 tokens, as well as other cross-chain standards and functionalities.

The total supply of tokens available for the particular auction or pool.
The asset for payments or inbound pool contributions. In the MVP phase, POs have the option to pair their tokens with ETH or DAI or both. In the future, more swapping pairs will be available as Poolz integrates other blockchain protocols.
The swapping ratio—that is, the auctioned token’s price in relation to the chosen liquidity asset. As an incentive for Poolz (POZ) token holders, POs will have to specify the percentage discount (say, X% of the ETH price).
The total duration of the pool, as well as whether it will be a Direct Sale Pool or a Time-Locked Pool. The creator also specifies the time frame (T% of total duration) for which the pool will be open exclusively for POZ token holders.

Transactions

The previously specified supply of auctioning tokens will be transferred to a Hashed Timelock Contract (HTLC), where it’ll be escrowed for the total pool duration.

The Gas fee for anchoring the pool and updating its data on Ethereum. The code architecture of the Poolz smart contract ensure around 85% less gas fee for project owners, as compared to the existing market standards.