Pollen DeFi announces IDO on Roco Finance launchpad

Pollen DeFi announces IDO on Roco Finance launchpad

DeFi index platform Pollen recently announced its PLN token IDO on Roco Finance launchpad.

Roco Finance is a decentralized GameFi platform built on Avalanche, which, besides providing blockchain services to game developers, content creators and player communities, also mediates with the RocoStarter IGO platform to promote up-and-coming projects at the seed and incubation stage.

RocoStarter’s first DeFi IDO

Pollen DeFi is an innovative DeFi protocol, designed to enable community managed asset portfolios and associated indexes. It recently opened the registration for its IDO on RocoStarter.

Announcing the $PLN #IDO🔺 We are partnering with up and coming #Avalanche native #launchpad @RocoFinance.🚀 Details of the Pollen DeFI IDO can be found here: https://t.co/OfVqns36ML👀 Last chance to buy $PLN before token launch on Thursday 16th pic.twitter.com/kPPL9UDCH9— Pollen DeFi 🔺 (@PollenDeFi) December 10, 2021

According to the protocol’s design, the platform will allow traders to build a reputation and climb the leaderboard while earning rewards.

At the same time, ‘passive’ users are enabled to delegate governance tokens and share rewards with those who are successfully managing portfolios.

With Pollen, there is no blue pill.💊 Build a portfolio. Rise up the leaderboard. Earn $PLN rewards.💊 Delegate to top performers. Relax. Split the $PLN earned from their good decisions.Pollen is the #DeFi red pill. Trade together. Win together.Launch… loading ⏳ pic.twitter.com/dqqxl05zcl— Pollen DeFi 🔺 (@PollenDeFi) November 27, 2021

“We intend to be a key project in the Avalanche ecosystem,” wrote Pollen on Twitter, adding that the decision not to launch on Ethereum was made “following the feedback from the community.”

We have received so much love from the @avalabsofficial team and @avalancheavax community since we made the decision, @el33th4xor.We intend to be a key project in the #avalanche ecosystem, connecting up the projects and community in a brand new way: community managed indexes https://t.co/sjDhJBSbhd— Pollen DeFi 🔺 (@PollenDeFi) December 11, 2021

Democratizing access to curated crypto portfolios

The protocol’s governance token, PLN, is central to all activity in the Pollen DeFi ecosystem.

PLN enables users to actively manage a portfolio on the platform and, if successful at it, to earn more PLN as rewards.

The token also enables ‘passive’ users to delegate their governance tokens to the best performing traders.

Users who want to register for the Pollen DeFi IDO on RocoStarter will need to stake 500 ROCO tokens for the duration of 15 days.

🚀 @RocoFinance is pleased to announce that @PollenDeFi #IDO registration is now live.⚡ Stake 500 $ROCO token to participate in #PollenDeFi #IDO now on https://t.co/1WPaRXPBgT🔽Detailshttps://t.co/p1O1yQnIMb#AvalancheSpace #Avalanche pic.twitter.com/KS7wYvrkUJ— 🔺 𝗔𝘃𝗮𝗹𝗮𝗻𝗰𝗵𝗲 𝗦𝗽𝗮𝗰𝗲 🔺 (@Avalanche_Space) December 13, 2021

The registration opened on December 13 and will end on December 15.

Already more than 4000 wallets have registered to participate in our @RocoFinance #IDO 😮 🔥We cannot thank you all enough for your support, we will not forget our early community 👊How many participants do you think we can reach before registration closes on the 15th Dec?👀 pic.twitter.com/CsJaEtCjqm— Pollen DeFi 🔺 (@PollenDeFi) December 14, 2021

Disclaimer: CryptoSlate holds a financial position in Pollen DeFi and was given the opportunity to participate in the presale of this project in exchange for news, analysis, and other types of coverage. CryptoSlate was NOT paid to publish this article.

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