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.
RocoStarters first DeFi IDOPollen 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.
According to the protocols 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.
“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.”
The protocols 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.
The registration opened on December 13 and will end on December 15.