Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Rodan_Jarikic on January 17, 2022, 08:24:06 AM
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Yesterday PolkaIDO launches on the Polkadex Testnet.PolkaIDO is the first Polkadex component to complete private beta testing and be made available on the Polkadex testnet for public use.
Polkadex, built on Substrate, is a fully decentralized peer-to-peer Orderbook-based cryptocurrency exchange for the DeFi ecosystem and has been working on the PolkaIDO platform for a while.Now that PolkaIDO's testnet has been released, I think a newborn launchpad has hit the market.
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Polkadex is the most recent addition to the Polkadot ecosystem, providing a comprehensive Decentralized exchange with full trading capabilities, including Orderbook, Ido platform, Trustless crosschain transfer, Polkadex NFTs, Fiat, and much more.
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Polkadex has worked really hard up to this point and offered good partnerships.One of the last partners is Equilibrium.What do you think about this partnership?
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Polkadex's partnership for Polkadex Crowdloan should be congratulated.Polkadex Crowdloan has been around for a while and offers DOT holders a good opportunity.PDEX rewards are coming to all Polkadexers who contribute to the Crowdloan and help Polkadex get a Parachain on Polkadot.
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I saw Gate.io has been named as Polkadex's latest Crowdloan partner 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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I just heard about Polkadex Crowdloan and I have a question.What exactly is a Crowdloan?
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I just heard about Polkadex Crowdloan and I have a question.What exactly is a Crowdloan?
Well a Crowdloan is one of many options for raising funds to pay for a parachain lease. It also allows Polkadexers to have a direct influence on the outcome of the parachain auction.Polkadex launched this Polkadex Parachain with Pdex rewards to become a parachain.
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Polkadex has been generous with Crowdloan bonuses.We know the base reward is 0.1875+ PDEX per 1 DOT but i saw that early bird contributions within 72hrs of Polkadex Crowdloan announcement receive a 15% bonus on the base reward.
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As some friends mentioned above the Polkadex tokenomics explicitly set aside 2 million PDEX for this exact moment. These 2 million PDEX will be given away to contributors as rewards for their DOT loans.
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PolkaIDO is the Initial DEX Offering platform on Polkadex and project founders and teams are able to generate tokens, and crowdfund through the IDO processI find it very successful that the diversity of the IDO platform is offered not just as an exchange. .
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I am following PolkaIDO studies for a while. IDO projects have access to liquidity through the Polkadex Orderbook and Polkapool.Projects can only carry out an IDO if token holders have decided to list the project.
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In addition what you've said, whitelist spots are given out randomly, meaning that users won’t need to hold large sums of tokens to take part in an IDO.PolkaIDO Launchpad mainly works with Substrate-based tokens and other Polkadot ecosystem projects but it also works with ERC-20 tokens
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Polkadex has scheduled an AMA on March 25th with a focus on project updates.It's a very busy project for a while and I'm particularly curious about Crowdloan and PolkaIDO developments.
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Yeah the project's focus has progressed to becoming a parachain and Polkadex will be able to link to any other parachain as well as the Polkadot network to begin exchanging assets in a trustless manner once it becomes one.I have questions for Crowdloan batch 3 phase
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In addition to Polkadex's collaboration with Ascendex, there was a planned stake. Has this stake been announced?
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Polkadex announced the launch of the AscendEX staking and you probably missed it mate.Users of AscendEX may now stake $PDEX to earn a 44.3 % estimated APR.
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I have been following Polkadex since 2021 and I knew that the products being worked on are Orderbook, PolkaIDO and Polkadex mobile app. Another Polkadex product, Thea which will be a decentralized bridge, was announced today.Looks like Polkadex wants to go beyond being just an exchange.
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Thea was a surprise for me too. In addition to other bridge platforms, I think the feature that will distinguish Thea from the others will be its decentralization.Currently, ETH appears to be the first chain to be supported by Thea. This number will increase over time in my opinion.
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It would be unfair to describe the award that comes with Batch 3 as simply eye-catching because the new ratio is now 2 PDEX = 1 DOT.So that means the new reward ratio is over ten times higher than the PDEX to DOT reward ratio from Polkadex’s batch 2 Crowdloan.
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It would seem that one of the benefits of these NFTs will be 20%-50% discount on Polkadex Orderbook trading fees. I'm a person who hates fees personally so it's a good opportunity
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It would seem that one of the benefits of these NFTs will be 20%-50% discount on Polkadex Orderbook trading fees. I'm a person who hates fees personally so it's a good opportunity
It is interesting how discounting with NFT will be, but it will make a big financial difference for those who need to trade constantly.In renewed partnerships native tokens of those partners are also included in the reward system
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It would seem that one of the benefits of these NFTs will be 20%-50% discount on Polkadex Orderbook trading fees. I'm a person who hates fees personally so it's a good opportunity
It is interesting how discounting with NFT will be, but it will make a big financial difference for those who need to trade constantly.In renewed partnerships native tokens of those partners are also included in the reward system
To be honest i have just seen Equilibrium one and it goes like 1DOT per every DOT and 10 EQ tokens per DOT. I'll have to look at the batch 3 guide to see the others. Thanks mate