It has been confirmed today that the Polkastarter IDO for Drops will be available starting with May 21st. The release of the DOP token will take place exclusively on Polkastarter. A whitelisting process for those who may want to join was created, similarly to how it happened for the previous IDOs.
The token will begin with a value of $0.60 and a total of 333,333 DOP being available via the IDO, totaling $200,000. The maximum allowed per user is $210, and all buyers must own at least 250 POLS tokens in ERC-20 or BEP-2 wallets.
Just a couple of days ago, the tokens for the Binance Smart Chain NFT platform Refineable were completely sold in just five minutes, which has created overloading problems with the platform as a result of the increased demand.
Drops organized a private investment round this month in which it managed to raise $1 million from investors such as Axia8 Ventures, Blocksync, Bitscale Capital, Drops Ventures, Genblock, D64, x21, and AU21.
The goal of the project is to create infrastructure for owners to stake their own NFTs in order to earn “dPoints” aka tokens which one can use to buy NFTs on the Drops platform.
POLS, the native token of Polkastarter, has nevertheless fallen 14% on the day to $2.85. The coin reached a new ATH of $7.50 on February 16th, but, despite demand for it, the prices continue to fall.