[PRESS RELEASE – London, United Kingdom, 29th September 2021]
Native Community Shift To Precede Testnet Trials Of New Choices – Polkadex, the absolutely decentralized peer-to-peer orderbook-based cryptocurrency alternate for the DeFi market, is about to roll out its mainnet launch in September twenty ninth, 2021.
By design, Polkadex is an expansive challenge, consisting of a number of progressive options constructed on the Polkadex blockchain. On this case, ‘mainnet’ refers back to the predominant chain upon which Polkadex’s remainder of the elements will likely be launched intermittently.
After the mainnet launch, the Polkadex workforce will start the migration of current ERC-20-based PDEX tokens from Ethereum to the Polkadex community, thereby offering a one-way bridge for PDEX to be transformed into Polkadex’s native token. Following the profitable migration of PDEX tokens, different related elements of the challenge, together with PolkaIDO, Polkadex Orderbook, and Polkapool, will regularly be carried out and confirmed on the testnet, earlier than being moved to the mainnet.
As soon as the migration protocol is put in on the mainnet, customers can switch PDEX from Ethereum to run validator nodes to make sure the community’s safety, and earn PDEX tokens in return. As well as, PDEX token holders will have the ability to stake their tokens, nominate validators, and generate earnings on their PDEX tokens. On the similar time, the testnet will proceed to run concurrently with the mainnet, serving to builders check their tasks on Polkadex earlier than mainnet launch.
Polkadex CEO Gautham J notes, “This mainnet launch is an enormous milestone for Polkadex. It marks the start of the entire collection of occasions unfolding within the subsequent few months. Polkadex community will act as the principle decentralized layer internet hosting all our dApps together with PolkaIDO, Polkapool and Polkadex Orderbook.”
Constructed on Substrate, Polkadex defines itself because the buying and selling engine for Web3 and DeFi. Absolutely decentralized, it presents the very best of each centralized and decentralized exchanges, and combines them right into a complete software that preserves the self-sovereignty of funds whereas enabling intuitive buying and selling. As a platform, Polkadex goals to optimize 4 completely different elements of the DeFi ecosystem, together with liquidity, buyer expertise, custody of belongings, and execution velocity of commerce orders utilizing a myriad of options like On-chain Market Maker instruments, Bridge Mechanism, Dealer Property Administration, amongst a number of others.