Polar Sync ($POLAR) — Lighting fast indexing and query solutions for decentralized applications

BSCpad

6 min readAug 29, 2021

Polar Sync ($POLAR) — is the world-class API service platform designed for decentralized applications (“dapps”).

IDO Date: Monday August 30th

Staking Eligibility Cutoff: Monday August 30th, 5 AM UTC

Public Sale Token Price: $0.08 BUSD

Allocation Round Open: Monday August 30th, 8 AM UTC

Public Sale (FCFS) Round Open: Monday August 30th, 1 PM UTC

ApeSwap Listing Date/Time: Monday August 30th, 4 PM UTC

Maximum Token Supply: 1,000,000,000 $POLAR

Tokens Available in BSCPAD Public Sale: 12,500,000 $POLAR

Circulating Supply at Listing: 95,400,000 $POLAR

Market Capitalization at Listing: $7,600,000 USD

Public Sale Vesting Schedule:

100% at TGE, no vesting

About Polar Sync

Polar Sync is a world-class API service platform designed for decentralized applications (“dapps”). The protocol provides a highly robust, scalable infrastructure for developers to index, query and retrieve data at exceptionally fast speeds across multiple blockchains. Polar Sync’s technology allows engineers to build beautiful, responsive interfaces utilizing real-time data, ultimately creating delightful user experiences and repeat product usage.

What problem is Polar Sync solving?

To say that the blockchain has a lot of data on it would be an understatement. The runaway success of DeFi and NFTs have sparked a data explosion, with each token, user action and event creating more activity on-chain. Many protocols and applications rely heavily on this data to service their end users, but lack the infrastructure and expertise to support it — creating an urgent need for a data middle layer to connect the two.

Engineers are faced with two options: build and maintain the infrastructure/code themselves, or outsource it. Building a solution in-house is time-consuming, expensive, and a major distraction from core development. Outsourcing also poses its challenges, as most providers have not yet adapted Ethereum-based solutions to accommodate high-throughput blockchains such as BSC, Polygon, and others.

Polar Sync has spent the last six months developing a fully robust solution capable of handling all the needs of major DeFi protocols with heavy transaction loads. Their technology has been optimized to yield lightning fast query response times, allowing dapps to serve up accurate data to users in real-time, which is critically important to users who are entrusting protocols with their digital assets.

The platform is currently being piloted with two customers, APY.Vision ($VISION), a leading analytics platform on BSC & Polygon, as well as Apeswap ($BANANA), one of the largest DEX and yield farm platforms on BSC. The solution has also successfully demonstrated its ability to provide real-time data to high profile, large-scale projects such as Pancakeswap ($CAKE). They are actively expanding their footprint to service additional applications, as well as two additional chains — KCC (Kucoin) and OKEx.

How does Polar Sync address this critical industry problem?

Polar Sync has implemented a variety of high performance optimizations that have yielded query speed improvements of up to ~20x versus the industry leading solution, Graph Protocol ($GRT). Aside from the deep blockchain expertise of the engineering team, success can largely be attributed to a “centralized first, decentralized later” approach. For example, The Graph’s decentralized service requires six stakeholders to facilitate queries: Indexers, Queryers, Curators, Delegators, Supervisors and Arbitrators. This complicated structure makes it very challenging to keep up with new protocols, new chains and advancements in technology. While decentralization is achieved, it comes at a great cost to efficiency and performance.

The centralized model adopted by Polar Sync has allowed the development team to iterate rapidly on various indexer optimization strategies, which in turn has resulted in lightning-fast query results for partners. Furthermore, their model is greatly simplified: projects (queryers) can work directly with Polar Sync (the indexer), bypassing the multiple layers of decentralization posed in other models. This approach is unique, which has allowed them to enter the index and query service market faster and with higher quality which is necessary to deliver results to end users.

The Team

Polar Sync was built by the same team of engineers and designers that launched UniTrade ($TRADE), a DeFi application for trading, staking, farming, NFTs and most recently, as a bridge for crypto projects looking to migrate from Ethereum to BSC and Polygon. UniTrade was launched during the early days of the “DeFi Summer,” and was the first application to implement limit orders on Uniswap V2.

The core team has a proven track record of conceptualizing solutions, and designing, developing, deploying, iterating and cascading them into the marketplace. They have continued to roll out new features and optimizations for UniTrade, most recently traversing the migration to a multi-chain solution (ETH & BSC).

Their experience in developing an existing DeFi application on BSC — as well as many years of development experience in blockchain and crypto — gives them a unique perspective to solve the problem that they faced first hand: to quickly and easily query data on high speed blockchains.

Tokenomics

Seed (~8%, or 82m) — 10% at TGE, then linear monthly vesting over 1-year
Strategic (~8%, or 76m) — 10% at TGE, then linear monthly vesting over 1-year
Team and Advisors (14%, 142m) — 5% at TGE, then linear monthly vesting over 3-years
Farming & Staking (20%, or 200m) — 5% at TGE, then linear monthly vesting over 3-years; designed to provide utility incentives for holders
Polar Sync Foundation/Treasury (20%, or 200m) — 5% at TGE, then linear monthly vesting over 3-years; designed to support a future DAO model
Future Growth Fund (20%, or 200m) — 0% at TGE; designed as a future reserve for post-TGE capital raise from strategic investors, with vesting to be negotiated if/when needed
Service Allowance (5%, or 50m) — 5% at TGE, then linear monthly vesting over 3-years; designed to support significant technology infrastructure costs/needs
Other (5%, or 50m) — 100% at TGE; includes IDO, DEX liquidity, and small allocation for bounties & airdrops

Token Utility

$POLAR will be the utility token for the Polar Sync ecosystem. In order to utilize nodes (servers) for their API services, dapps will be required to purchase — and stake — their $POLAR tokens. As more users interact with the blockchains and protocols being supported, a corresponding increase in query volumes is expected — and, therefore, more $POLAR tokens will be required for ongoing usage.

Additionally, as the platform expands, and decentralization of services are offered to the Community, the $POLAR token will be used as a reward for those node service providers. The token is also expected to carry certain governance rights over the network, including the most optimal use of Foundation and Treasury assets.