To this day, there is still much debate about the advantages of centralized exchanges over their decentralized counterparts. Although DEXs are the champions when it comes to anonymity, their low liquidity compared to CEXs can be a major hurdle. However, there are some projects that seek to bring DEXs closer to the masses.
This is exactly what Polkadex does. The goal was to build the perfect decentralized exchange to promote financial inclusion, create a bridge between traditional and decentralized markets, and ultimately lay the foundation for a symbolic future.
What is Polkadex?
Polkadex is a fully decentralized peer-to-peer cryptocurrency exchange based on the DeFi ecosystem in substrate. It is built as a Polkadot parachain, offering crypto-crypto and crypto-fiat asset trading.
Its goal is to solve the problems of traditional DEXs, combining the speed and convenience of centralized exchanges, while providing the security of a decentralized project. This is what gives Polkadex an edge in today's DEX market and will play a key role in increasing DeFi adoption.
How does Polkadex work?
What Polkadex brings to the table is a set of powerful features that make it unique in the DEX market. To get around the common low liquidity problem that DEXs face, Polkadex uses a soft switching protocol that switches between AMM and order backlog to fulfill orders. This makes the experience transparent for users while ensuring exchanges.
Other resources, such as the on-chain trading robot, make stocks viable for high frequency trading (HFT), an attractive resource for retail and institutional investors. Along with the high TPS and optimized performance of the platform, Polkadex is having an impact on the market.
The Polkadex network will eventually become a Polkadot parachain, as long as it guarantees a parachain location. This will pave the way for DOT and other assets in the Polkadot ecosystem, while also providing access to substrate technology.
Who created Polkadex?
The Polkadex project was the creation of a talented team of entrepreneurs and engineers looking to make changes with what they describe as the perfect decentralized exchange. Along with the core team, several key consultants are also helping lead the project, drawing on their blockchain expertise and more.
What is the PDEX token?
PDEX is the main token of the Polkadex ecosystem. PDEX owners will have access to some cool features. Benefits include verifiable contactless trading, high frequency trading opportunities, trading robots, and other unique features.
The token distribution will be as follows:
Money: 41%
Private Tour: 10.193%
Liquidity withdrawal: 10%
Founders and staff: 9%
Strategic cycle: 8%
Seed Tower: 7%
Marketing, ecosystem and alliances: 6.807%
Comments: 6%
Community cycle: 2%