PolkaSyndicate Updates 2021
In this article we cover new updates for PolkaSyndicate as it prepares for its relaunch plan in 2022.
In 2021 PolkaSyndicate began its journey with the goal of creating a platform to educate Polkadot investors while helping to distribute Polkadot parachain rewards to the PolkaSyndicate community.
In mid 2021 PolkaSyndicate initiated its first private sale and received much feedback from the community and various stakeholders helping to refine the goals, mission, and vision of the platform.
The initial launch of both PSYP and PSYN started in mid 2021. The goal was to launch the tokens with a very low marketcap, while distributing a large supply of tokens to early investors, all before the launch of Polkadot. However, PolkaSyndicate was unable to launch with a low marketcap before Polkadot, due to various complications.
Even though the platform was unable to launch in time there are still many opportunities to take advantage of Polkadot’s low price levels and future parachain auction throughout 2022 and beyond.
Now, the PolkaSyndicate team is preparing for its next phase which will include a relaunch, as well as key changes and upgrades to the platform.
These updates and changes are listed below:
- There will be a higher market cap at launch. (Investors from the Founders Sale will be the only ones who will keep the private sale prices from the low market cap rate)
- PolkaSyndicate will launch a new community and the community will vote on launching via a fair launch, liquidity sale, venture capital or launchpad launch
- Both PSYN and PSYP will be merged into one token with the same features. We will start the program with DOT Reflection Rewards. Token holders will receive DOT reflection rewards directly to their wallets, and parachain rewards will come later in the roadmap as we monitor DOT auction tokenpayouts.
- There will be a new airdrop wallet that rewards the community for the best parachain research reports. The parachain research Agency will be established in the next phase.
- The team will hire a new marketing manager and establish a budget for both a 2 month pre launch and a 6 month post launch campaign to ensure strong market penetration and moon potential.
- There will be new security features to protect against scams, hackers, and phishers.
- PolkaSyndicate is one of the many chain of tokens we plan to launch. Early investors have the option of transferring tokens between future partner projects we create
- The new PolkaSyndicate Launch date will take place in Q3/Q4 2022.
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PolkaSyndicate is the first Polkadot parachain community that empowers it’s members with high quality parachain research, while letting you earn parachain rewards with ease through our unique Polkadot parachain reward system.