Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Diaz8789 on February 01, 2022, 04:41:11 PM
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Polkadex, built on Substrate, is a fully decentralized peer-to-peer Orderbook-based cryptocurrency exchange for the DeFi ecosystem.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. As a result, Polkadex combined the benefits of CEXes and DEXes to create Polkadex, a DEX that isn't like any other. Polkadex is a Substrate-based Orderbook-based decentralized exchange that goes beyond the simple swap protocol.
A few days ago Polkadex Crowdloan was announced.PDEX rewards are coming to all Polkadexers who contribute to the Crowdloan and help Polkadex get a Parachain on Polkadot.A crowdloan is a mechanism for new initiatives to get the funding they need to become a parachain of the Polkadot network.
Everyone who is eligible can apply for one or all bonus levels. In total there is 2M PDEX (10% of the total supply) reserved for crowdloans.
Base reward starting from 0.1875 PDEX per DOT. That’s just the base reward. The final PDEX base reward amount will most likely be higher since PDEX rewards are paid as a % of your contribution to the total DOT contributed.Plus 15% early-bird bonus on all contributions made in the first 72 hours.
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Polkadex also offers the opportunity to contribute to Crowdloan through various partnerships. This week, partnerships such as Equilibirium, Parallel Finance, Bifrost and Kucoin were announced.Base reward starting from 0.1875 PDEX per DOT. That’s just the base reward. I think it should definitely be checked out.
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It is interesting that there are so many bonus reward options in addition to the base reward.PDEX rewards are coming to all Polkadexers who contribute to the Crowdloan and help Polkadex get a Parachain on Polkadot. There is no such thing as a raffle while the prizes are distributed
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Polkadex has announced Gate.io as its newest Crowdloan partner. Contributors to Gate.io will receive all of the major incentives, plus a 10% bonus on top of their DOT loan that is only available through Gate.io
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It's so exciting for me Polkadex is ready to become a parachain and to support it I'll join the Polkadex crowdloan by contributing dot.It will be nice to have the pdex from the bonuses in the wallet when the pdex returns to its old prices
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According to yesterday's announcement, now MEXC users can loan their dot too to help Polkadex secure a Parachain slot and get pdex rewards without leaving their mexc account.MEXC is 3rd exchange option to contribute to Crowdloan.
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According to yesterday's announcement, now MEXC users can loan their dot too to help Polkadex secure a Parachain slot and get pdex rewards without leaving their mexc account.MEXC is 3rd exchange option to contribute to Crowdloan.
Crowdloan which was launched for Polkadex to become a parachain, has been accompanied by 3 exchanges so far. One of them is MEXC as you said, the others are Kucoin and Gate.In fact a Crowdloan guide video was shared today for all the contributing options.DOT owners definitely should take a look in my opinion
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I saw that Polkadex published a Crowdloan brief guide yesterday. So we can say that the crowdloan is a mechanism for new initiatives to get the funding they need to become a parachain of the Polkadot network. Anyone who qualifies can apply for any or all of the bonuses. A total of 2 million PDEX has been set aside for crowdloans
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Polkadot is the underlying platform for an increasing number of projects that aim to use all the benefits of processes such as sharding and features such as Parachains. and polkadex is one of the most popular for me.
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People's loaned DOT will go a long way towards fulfilling the original vision of interoperability and trustless cross-chain transfers. Essentially, it will make Polkadex a parachain.In addition to these loaned DOTs, pdex bonuses are given.
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Being a parachain can bring good advantages. Some of advantages of parachains include being scalable, having low fees, and being easily upgradeable thanks to the Substrate blockchain framework.Being able to use a platform with these advantages goes through Crowdloan
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It's so exciting for me Polkadex is ready to become a parachain and to support it I'll join the Polkadex crowdloan by contributing dot.It will be nice to have the pdex from the bonuses in the wallet when the pdex returns to its old prices
Polkadex does not want to serve as just an exchange. The pdex rewards distributed with Polkadex Crowdloan cover the majority of the pdex in circulation in the market.Good opportunity to collect pdex before potential ATH coming with PolkaIDO and mobile app
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I saw that Polkadex has announced its launch on AscendEX. PDEX staking will also be supported by AscendEX, allowing PDEX holders to earn interest on their PDEX.
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That's true PDEX staking will also be supported by AscendEX allowing PDEX holders to earn interest on their PDEX. In the next two weeks AscendEX's staking support planned to be available.
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Speaking of Polkadex Crowdloan, the team said Polkadex Crowdloan will meet Batch 3 of the Polkadot parachain auctions with a revised strategy. I don't know what changes will come with Batch 3 but they working hard to become a parachain
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Yeah and if Polkadex did not win a slot,team said that all Polkadex Crowdloan contributors should be getting their DOT back automatically after the last auction officially ends on Match 10th.Seems like there's nothing to lose
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Of course there is nothing to lose because the DOTs contributed are assets loaned for this Crowdloan. Polkadexers announced that they are rethinking the Crowdloan reward structure to further encourage community contributions. Pdex rewards seem to reach higher levels
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Well i checked the batch 3 announcement and they arelowering the auction cap which means the minimum rewards ratio will be much higher than it was for batch 2.So that means,way more PDEX rewards for every DOT you contribute.
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I rewieved some stats about Crowdloan so far. Polkadex was able to raise over 132,300 DOT, or over 2.2 million USD, in 1,175 contributions from 488 individual contributors.Although these numbers are big numbers, no Parachain slot has yet been won. I think this goal can be achieved with Batch 3
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I wonder what the reward system will be like with Batch 3. Although Polkadex has not yet acquired a parachain sloth, the amount of DOTs loaned so far is at a decent level.
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It seems the Polkadex team has chosen the Batch 3 Polkadex Crowdloan to go live in early April in order to maximize the length of the future Polkadex parachain's lease period and to better link the launch of the Polkadex parachain with the launch of Polkadex's products.
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I think Batch 3 and Polkadex's products such as PolkaIDO may enter the market at the same time, bringing Polkadex back to its former status and price levels. Imo PolkaIDO will be the biggest reason for this mobility.
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Polkadex IDO platform is one of Polkadex's most anticipated product. Polkadex IDO Platform allows token projects to create ERC-20 like tokens. Teams can raise funds and get listed on the Polkadex exchange in one click.
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Yes project founders and teams are able to generate tokens and crowdfund through the IDO process.IDO projects have access to liquidity through the Polkadex Orderbook and Polkapool
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I saw that Polkadex has announced its launch on AscendEX. PDEX staking will also be supported by AscendEX, allowing PDEX holders to earn interest on their PDEX.
That Ascendex staking is live for like 2 weeks mate. Polkadex team announced the launch of the AscendEX staking. Users of AscendEX may now stake $PDEX to earn a 44.3 % estimated APR.You can check the staking mechanism.
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According to Polkadex team said, Polkadex Crowdloan batch 3 will be released on April 5th with new updates. Honestly, I'm waiting for more bonuses :D There will be way more PDEX rewards for every DOT you contribute.
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Yep Polkadex Crowdloan enters batch 3 of the Polkadot parachain auctions. The reward system has been increased to extra levels because 2M PDEX in rewards and an exclusive NFT collection for Polkadex Crowdloan contributors in batch 3 of the Polkadot parachain auctions.
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So lets calculate again the numbers.The Polkadex Crowdloan is live again with batch 3 and according to what Polkadex team said, The DOT auction cap has been reduced to 1 million DOT. There are 2 million PDEX in the PDEX rewards pool so that means there is at least 2 PDEX per DOT for every contributor.This is really good in my opinion.
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In a report about what changes Batch 3 will come with, it was emphasized that the new reward system would be huge, and it seems that it really did.So the new 2:1 PDEX per DOT ratio is over ten times higher than the PDEX to DOT reward ratio from Polkadex’s batch 2 Crowdloan.
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That's correct the reward ratio is higher than batch 2 and in addition to 2$PDEX for a DOT, they are also giving out some utility-based NFTs for the top Crowdloan contributors.
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That's correct the reward ratio is higher than batch 2 and in addition to 2$PDEX for a DOT, they are also giving out some utility-based NFTs for the top Crowdloan contributors.
I tjink that NFT rewards for top 1K contributors. I was trying to figure out how NFT would work and according to my answer these NFTs will give a twenty to fifty percent discount on the fees charged when using the Orderbook