Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Rodan_Jarikic on November 17, 2021, 11:06:53 AM
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Polkadex is the first project featuring an orderbookPolkadex offers two methods for bringing liquidity to the market: the Polkadot Parachain and the Snowfork Trustless Ethereum Bridge. The Polkadex parachain will only have one functionality: bridging liquidity between Polkadot and Polkadex. There will be no further features.The Polkadex Parachain allows traders to bring liquidity without entrusting their assets to a centralized service or the Polkadex Team, and the Polkadot interoperability layer protects all of their assets. based exchange in the Polkadot ecosystem.
What do you think about the future of decentralized exchanges?If you are using a decentralized exchange, what is your reason for choosing it?
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According to Chainalysis' recent study, decentralized exchanges (DEX) have increased dramatically since 2019, but the number of active exchanges – whether centralized or decentralized – has decreased within the same time period.DEXs have exploded in popularity, along with the exploding popularity of the DeFi (decentralized finance) sector as a whole.As far as i see Polkadex is the first project featuring an orderbook based exchange in the Polkadot ecosystem.As i like multi-chain solutions in current market i believe PDEX will be a lot better shape in near future.
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I believe PDEX will be in much better health in the near future, since I prefer multi-chain solutions in the present market. Polkadex will be able to link to any other parachain and the Polkadot network to distribute assets in a trustless manner once it becomes a parachain. Polkadex will also be able to transfer assets from Ethereum to the platform. PDEX's concept appeals to me. I appreciate their roadmap and their bridge for multi-chains, and I'm slowly becoming a fan of DEX'es.
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This is the first time I've heard of Polkadex as an exchange. How exactly does it work?
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This is the first time I've heard of Polkadex as an exchange. How exactly does it work?
You can register multiple hot wallets.Basically,To automate trading with your funds, connect hot wallets based on browser extensions, mobile phones, or iPads, and add on-chain trading bots.
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This is the first time I've heard of Polkadex as an exchange. How exactly does it work?
You can delegate your assets to third parties.Polkadex Orderbook allows you to manage your assets and assign them to third parties. You can take advantage of automated trading while maintaining control over your crypto investments.
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Polkadex also says that you can keep your assets safe and secure.They say you can leave your assets on the exchange without fear of being hacked, and you'll save money on transaction costs by not having to move your money in and out every time you wish to trade.Do you also do this in Polkadex?
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I only do this on a few exchanges I trust, and Polkadex is one of them. Again, no one can be convinced that it's 100% secure, but I haven't had a problem so far.
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This is the first time I've heard of Polkadex as an exchange. How exactly does it work?
As far as i know,Polkadex is a project that aims to build a platform that combines the advantages of centralized and decentralized exchanges into a single cutting-edge technology.
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Sol Polkadex is attempting to ensure that CEX and DEX are equally secure?
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What do you think about the future of decentralized exchanges?If you are using a decentralized exchange, what is your reason for choosing it?
Decentralized Exchange (DEX) is definitely very much needed in the cryptocurrency space because it is very simple and very easy to use, we only use a private key and we can trade the coins we have on DEX without having to follow the rules that apply like in the Centralized Exchange.
PolkaDex is also very easy and simple to own so that it creates something easy to have on various polkadot coin platforms and when we look at the marketcap of PolkaDex it is also very large and worthy to be used as the DEX of Polkadot coins.
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Sol Polkadex is attempting to ensure that CEX and DEX are equally secure?
Well, if I describe it this way, it might be simpler to grasp. Polkadex's mission is to create a completely decentralized token trading platform in an untrustworthy peer-to-peer environment. High liquidity, lightning-fast transaction speeds, high-frequency trading, and trading bots are among the sophisticated trading features available.
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The ecosystem of this Polkadot coin is amazingly good, so for DEX trading it is also very capable, so I think it is very worth trying because usually from DEX trading with the "Swap" type, sometimes there is an Airdrop whose coins are worth up to 4000 USD.
Maybe Polkadex has not issued an Airdrop event at this time but maybe in the future Polakdex will provide a good event because Polkadot coins are also very capable because they are included in the top 10 Coinmarketcap.
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Sol Polkadex is attempting to ensure that CEX and DEX are equally secure?
Well, if I describe it this way, it might be simpler to grasp. Polkadex's mission is to create a completely decentralized token trading platform in an untrustworthy peer-to-peer environment. High liquidity, lightning-fast transaction speeds, high-frequency trading, and trading bots are among the sophisticated trading features available.
It is easier for me to understand because it was more descriptive.So what is a Polkadex order book?
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As a quote to Raymond It is fully decentralized tier 2 exchange with an order book built on top of the Polkadot network.While working on polkadex orderbook,two trader groups were considered.
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What features does the Polkadex Order book offer? ???
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What features does the Polkadex Order book offer? ???
It is a fully decentralized Layer 2 based exchange built on top of the Polkadot Network and featuring an orderbook.You can register with multiple hot wallets.You can connect hot wallets based on browser extensions, mobile phones or iPads etc and add on-chain trading bots to automate trading with your funds.
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In the financial world, decentralized exchanges (DEXes) are the new norm, garnering billions of dollars in trade volume. They are a response to centralized crypto exchanges such as Binance, which are frequently beset by security difficulties.If Polkadex becomes a DEX that can answer this problem, it can become a preferred DEX
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Future of polka dot is to much bright its web 3 coins in future price will be so good already listed on big exchange it good for project and also listed on Binance keep holding guys.
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Polkadex employs the orderbook approach to achieve its goal of combining the advantages of trading on CEXes and DEXes while avoiding the drawbacks of both.AMMs will, however accompany the orderbook on Polkadex by operating as on-chain market-making bots that connect directly to the trading engine
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It's a good thing to bring both Dex and Cex lovers together on a single exchange.Polkadex calls itself Polkadex: bridging the CEX and DEX gap.A very interesting mission and title in my opinion
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Well so we can say that Polkadex's primary purpose is to bridge the gap between decentralized and centralized exchanges by providing the best trading experience for all types of crypto traders, from beginners to experts.
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PDEX is one of a kind in the DeFi ecosystem. The project's concept appeals to me. They will also deploy its IDO platform and mobile app in the fourth quarter of 2022. That's when PDEX will be able to reclaim its lost worth.
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Have you seen the news that Polkadex featured in Coinpedia's top dexs to watch In 2022?
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PDEX is a one-of-a-kind platform in the DeFi ecosystem. The concept behind the project is appealing to me. Polkadex will also deploy their mobile application and IDO platform in the first quarter of 2022, according to my understanding.
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PolkaIDO testnet and partnership news was the news that sounded like medicine when the market was bad. Have you seen the new partnership Equilibrium?
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Being in top secentralized exchanges (DEXs) to watch in 2022 is a huge thing and success.DEXs, in contrast to their centralized equivalents, provide crypto users with a permissionless trading ecosystem, allowing anyone from anywhere in the world to trade in cryptocurrency with ease.
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Have you heard The Polkadex Crowdloan is now live and still accepting contributions.2 million PDEX available for contributors.This is a huge step from Polkadex team.Polkadex proves to be a promising project with every step it takes.
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Polkadex Crowdloan offers options where we can earn extra bonuses. Polkadex has partnered with Parallel Finance, Equilibrium and Bifrost for Crowdloan.More bonuses if dot holders or investors contribute to Crowdloan through these partnerships.
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I saw that PolkaIDO testnet is finally live.Polkadex is a coin that has seen $27 levels and unfortunately, it has experienced a big decrease.I still think that those who continue to hold pdex in this process can witness a new ATH with PolkaIDO.
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PolkaIDO testnet and partnership news was the news that sounded like medicine when the market was bad. Have you seen the new partnership Equilibrium?
Polkadex Crowdloan was created in collaboration with Equilibrium, Parallel Finance, and Bifrost. Polkadex will become a parachain after an event with 2 million pdex prizes. I believe it is an opportunity that should not be passed up by DOT investors.
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Pdex rewards are coming to all polkadexers who contribute to crowdloan and help polkadex get a parachain on polkadot. A total of 2M pdex is awarded which is almost 10% of the total pdex.
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The pdex award offered by Polkadex Crowdloan is really high.Base reward is 0.1875+ PDEX per 1 DOT and that base reward is for all contributors to the Polkadex Crowdloan.
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I saw Polkadex partners with staking rewards for better PDEX staking.Imo it is a great news for native PDEX holders stakers and validators.
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The pdex award offered by Polkadex Crowdloan is really high.Base reward is 0.1875+ PDEX per 1 DOT and that base reward is for all contributors to the Polkadex Crowdloan.
Yes and now users can contribute to Polkadex Crowdloan via Gate.io too.Gate.io contributors will receive all of the main incentives plus an additional Gate.io-exclusive 10% bonus on top of their DOT loan
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Pdex rewards are coming to all polkadexers who contribute to crowdloan and help polkadex get a parachain on polkadot. A total of 2M pdex is awarded which is almost 10% of the total pdex.
In addition to the bonuses given in Crowdloan, the NFT award given to the first 1000 people draws my attention.It's a good opportunity to have bonuses like NFT in addition to crowdloan base reward
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I've seen that users can contribute contribute to Crowdloan with wallets and some of them are Polkadot, Fearless, Talisman and Nova Wallet.I didn't know crowdloan was such a diverse process
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Two of the exchanges with Polkadex2 are kucoin and gate.io, and as far as I can see, it is possible to contribute to Crowdloan through these two exchanges with bonuses minimum %10.Can be a good option for dot holders.
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I've seen that users can contribute contribute to Crowdloan with wallets and some of them are Polkadot, Fearless, Talisman and Nova Wallet.I didn't know crowdloan was such a diverse process
I think there are more than 10 options to contribute to Polkadex Crowdloan. In addition to these wallets, the MEXC exchange was added to these names yesterday and so thats mean MEXC users can now loan their DOT to help Polkadex secure a parachain slot and get PDEX rewards
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Polkadex is indeed very superior to be able to compete with various DEXs from all markets not centralized in the cryptocurrency space and this makes it possible that Polkadex could in the future be number 1 for the DEX of Polkadot coins.
Positive thinking is a must and of course we must continue to support the Polkadot coin so that all DEX on the Polkadot coin platform can continue to develop well and the business expansion is very fast.
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I saw Polkadex partners with staking rewards for better PDEX staking.Imo it is a great news for native PDEX holders stakers and validators.
Staking can be the most logical option when the market is in this state. I am trying to evaluate staking options whose APY is well fixed. Also Crowdloan option can be considered to collect more pdex. You can earn rewards up to 2M pdex by contributing with DOT
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I saw Polkadex partners with staking rewards for better PDEX staking.Imo it is a great news for native PDEX holders stakers and validators.
Staking Rewards has integrated the Polkadex blockchain and produced a verified profile for Polkadex that includes real-time data thorough FAQs and a variety of useful features for any and all network members as part of the relationship
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I think Polkadex is an underrated Polkadot project. People are unaware of the potential profits that an exchange, IDO platform, Parachain and mobile app can bring .
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I agree with you Elanortex, For example, there was a new listing news yesterday idk if you guys saw or not but PDEX is now live on Ascendex.
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I've seen that users can contribute contribute to Crowdloan with wallets and some of them are Polkadot, Fearless, Talisman and Nova Wallet.I didn't know crowdloan was such a diverse process
Investors can contribute to Polkadex Crowdloan with their DOTs. I have seen the names you have mentioned, and in addition to these, Kucoin, Gate and Mexc exchanges are among the partnerships.
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So the Polkadex token, PDEX is now available for deposits and withdrawals on AscendEX too. In addition to Kucoin,Gate and Uniswap, Ascendex listing can bring a movement.
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I saw on Twitter,Polkadex stated that with a revised approach, Polkadex Crowdloan will meet Batch 3 of the Polkadot parachain auctions.
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Well so batch 2 of the Polkadot parachain auctions is about to come to a close then.Some changes for Batch 3 caught my eye, one of them was the reward system. They are significantly lowering the auction cap, which means the minimum rewards ratio will be much higher than it was for batch 2.
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The 2M pdex award in Batch 2 already covered most of the pdex amount on the market. I'm wondering how they can go to the top in terms of bonuses with Batch 3. I look forward to new partnerships that people can contribute their DOTs for Crowdloan.
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According to update posts of Polkadex, they are currently in their beta test phase with polkadex public testnet for both the orderbook and mobile app to come in april or early may 2022.
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I agree with you Elanortex, For example, there was a new listing news yesterday idk if you guys saw or not but PDEX is now live on Ascendex.
A listing news that came after a long time was a good development for Pdex. Also the arrival of the Ascendex staking option was a good stake for the user while the market was in this state. The investors of AscendEX may now stake $PDEX to earn a 44.3 % estimated APR
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The 2M pdex award in Batch 2 already covered most of the pdex amount on the market. I'm wondering how they can go to the top in terms of bonuses with Batch 3. I look forward to new partnerships that people can contribute their DOTs for Crowdloan.
According to Polkadex's CEO Vivek Prasannan's interview with Bitcoinist, as a team, they both want to be a parachain and work hard for that.They have not yet won a Parachain slot so it is still possible to contribute with DOT
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If I'm not mistaken several exchange deals have been announced to contribute to Polkadex Crowloan with DOT. I'm just wondering if we have a valid contribution period between the agreed dates by these exchanges
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The exchanges that you are talking about are Kucoin, Gate and Mexc and according to the Crowdloan video shared by the Polkadex team, it is still possible to contribute with DOT through these exchanges.
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Polkadex Crowdloan is still in process and it is still possible to contribute with DOT from the exchanges you mentioned. In fact, a renewal partnership was made with Parallel Finance, another place to contribute to the crowdloan.
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I saw on Twitter too.In order to improve the Polkadex Crowdloan, Polkadex has renewed its partnership with Parallel Finance.So for Polkadex users Parallel Finance not only provides an easy-to-use interface but it also allows them to keep their DOT liquid for the duration of the parachain lease, which lasts 96 weeks.