This project can be found on Binance Smart Chain and is most certainly underrecognized and overlooked due to various factors. These include things like the fact that the project was launched right around the same time in March as so many other legitimate and scam projects were popping up all over. This overflow effect of new projects launching with the same intent has considerably slowed and the better more legitimate projects are continuing to innovate as the copy paste projects continue disappearing. This brings me to the intent of my two article series the second of which will be focused on CUBDefi.com, to display the outstanding new projects that are continuing to innovate to further set their platforms apart from the rest.
An investment in knowledge pays the best interest.
~Benjamin Franklin
When I am searching for a project the most important thing for me is that the project has a clear goal with a well formatted roadmap and a white paper that covers the important aspects you want to get out of it. Furthermore, both projects go above and beyond in those aspects, not necessarily in their roadmap or whitepaper but by continually updating the communities about any changes that have been planned or not. Not only are both these projects extremely active within their respective communities but they are both also, in my opinion, more reliable than most new projects in this space.
PoFi - Pollo Finance token:
Pollo is a new project that launched on the Binance Smart Chain in early march with multiple goals in mind as well as being the center piece for an academic research paper. They began with the farming of their main token POFI which will be the platforms governance token and it was only farmed to a maximum of 500,000 tokens, only recently was this token count reached. Not long before POFI farming ended they opened Pollo Basic Income. Similar to other projects with an algorithmic stable coin in PDO and Seigniorage with sPDO (PDO Shares) and bPDO (PDO Bonds). The intent is to create a full DAO (Decentralized Autonomous Organization) that provides basic income to investors through their unique seigniorage protocol within Pollo BI.
Pollo Basic Income:
This is the current stage the project is in and it has been a great success thus far, 500,000 POFI tokens have been farmed and has been listed on CoinGecko and Coin Market Cap along with their algorithmic stable coin PDO. The purpose of Pollo Basic Income is to promote a circular economy in which anyone has the ability to join at any given time and be able to both contribute as well as benefit from the protocol. This is highly unlike most DeFi type projects which you must be one of the early investors or an extremely large investor if you are late to the party. While I won’t deny that being early for this project absolutely has the benefits, however these benefits will decrease over time but the goal is to continue to provide new and legacy members with long term benefits. There is a lot of information that goes along with Pollo Finance that you can find through https://official.pollo.finance/ that is a little much to cover in this post.
POLLO BNB PROMOTION:
Due to the lack of recognition of Pollo the team has implemented a promotion that allows everyone to take part in the giveaway of 50BNB. This promotion can be found on their Twitter page https://twitter.com/FinancePollo, the promotion requires a couple minor tasks such as following them on twitter and joining their telegram and discord pages as well as a quoted re-tweet. However, unlike most promotions you are required to have at least 10 of their POFI tokens staked into their Basic Income Shares pool by May 5th. I am not here to give financial advice or really promote a project but rather I am here to promote the economics research that is being conducted by Dr. Saito and his team who have an incredible record of academic papers on cryptocurrency and blockchain economics.
Thanks for taking the time to read the article please let me know if you have any questions or comments! Stay safe and healthy out there!
~Trever Russell
DISCLAIMER:
I am not a certified financial, tax, or legal advisor, analyst, or planner. The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes. Cryptowriter and its writers are not responsible for any losses or damages incurred as a result of misinterpreting personal opinions for professional advice.
This post is published for Cryptowriter and originally published on Voice.
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