POLIS
Users can stake POLIS tokens to earn rewards, contributing to network security and receiving a portion of transaction fees.
Tags:Cryptocurrencies ETH TOKENCoin ETH tokenStar Atlas DAO is a decentralized autonomous organization (DAO) governing the Star Atlas metaverse, a play-to-earn (P2E) gaming and non-fungible token (NFT) ecosystem. POLIS is the native token of the Star Atlas DAO, powering various governance, staking, and in-game utility functions.
Key Features of Star Atlas DAO:
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Decentralized Governance: POLIS holders govern the Star Atlas ecosystem through voting on proposals related to game development, tokenomics, and platform direction.
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Staking Rewards: Users can stake POLIS tokens to earn rewards, contributing to network security and receiving a portion of transaction fees.
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In-game Utility: POLIS serves as the primary in-game currency for purchasing spaceships, equipment, and other assets within the Star Atlas metaverse.
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Escrow Mechanism: Star Atlas DAO utilizes a voting-escrow (VE) model, where users lock up their POLIS tokens in an escrow for extended periods, gaining increased voting power and boosted rewards.
POLIS Tokenomics:
- Total Supply: 500 million POLIS tokens
- Distribution:
- 30% allocated to the community through play-to-earn activities, staking, and governance rewards
- 20% allocated to the Star Atlas team and contributors
- 20% reserved for the Star Atlas DAO treasury
- 30% sold through initial DEX offerings (IDOs)
Benefits of Star Atlas DAO and POLIS:
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Community Governance: POLIS holders actively participate in shaping the future of the Star Atlas metaverse.
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Staking Rewards: Users earn passive income by staking POLIS tokens.
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In-game Utility: POLIS is essential for participating in the Star Atlas play-to-earn economy.
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VE Model: The VE model encourages long-term participation and aligns incentives between token holders and the project’s success.
Risks and Considerations:
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Market Volatility: The cryptocurrency market is highly volatile, which can impact the price of POLIS tokens.
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Project Risk: The success of Star Atlas DAO and POLIS is dependent on the ongoing development and adoption of the Star Atlas metaverse.
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Regulatory Uncertainty: The regulatory landscape for cryptocurrencies and DAOs is evolving, which could impact the platform’s operations.
Overall, Star Atlas DAO and POLIS offer a unique approach to governance and utility within the Star Atlas metaverse. The VE model, staking rewards, and in-game integration provide incentives for participation and long-term engagement. However, potential investors should carefully consider the associated risks, market volatility, and regulatory uncertainty before investing in POLIS.
POLIS | |
Total supply: | 360,000,000 POLIS |
Contracts: Solana | poLisWXnNRwC6oBu1vHiuKQzFjGL4XDSu4g9qjz9qVk |
X: | @staratlas |