Buy Poolz Finance (POOLZ)

What is Poolz Finance [OLD]?

Poolz Finance [OLD], symbolised by POOLZ, is a decentralised swapping protocol designed for cross-chain token pools, auctions, and OTC deals. It is optimised for DAO ecosystems, specifically aiming to empower innovators by bridging them closer to early-stage investors. The primary goal of Poolz Finance is to assist startups and project owners in bootstrapping liquidity prior to their tokens being listed on major exchanges.

How does Poolz Finance [OLD] work?

Poolz Finance [OLD] operates as a decentralised, open-source cross-chain launchpad platform integrated with blockchains such as Ethereum, BNB Chain, and Polygon. It employs smart contracts for conducting Initial DEX Offerings (IDOs) and token sales. Through its smart contracts, Poolz facilitates fundraising activities by allowing crypto projects to raise funds before they list on wider markets.

What are the potential use cases for Poolz Finance [OLD]?

The potential use cases for Poolz Finance [OLD] include:

• Fundraising for new blockchain projects: Offering a platform for emerging crypto projects to secure funding pre-listing.
• Liquidity bootstrapping: Facilitating the auction of tokens to raise liquidity for startup projects.
• Early-stage investor engagement: Connecting early-stage investors with innovators during the pre-listing phase.
• Decentralised cross-chain IDO platform: Serving as a platform for cross-chain token auctions and project launches.
• OTC trading: Acting as a marketplace for Over-the-Counter (OTC) crypto trading, meeting the diverse trading needs of the cryptocurrency community.

What is the history of Poolz Finance [OLD]?

Poolz Finance [OLD] has a rich history rooted in its aim to facilitate crypto project fundraising. It was co-founded by Guy Oren, Stan Goldin, and Liam Cohen. Key developments include its platform launch and the progressive introduction of features such as cross-chain swap integration and DEX listings during 2020.

In early 2021, Poolz continued to expand by incorporating synthetic tokens and a mobile version of its services. However, a significant event in its history was the exploitation of its vesting system which led to the launch of a new token, POOLX. Post-exploit, Poolz offered a 1:1 token exchange for pre-hack POOLZ holders, demonstrating their commitment to maintaining trust and integrity within the community.

Throughout its existence, Poolz Finance has partnered with multiple blockchain ecosystems, enhancing interoperability and expanding its utility within the cryptocurrency market.