ParaDEX — a Layer 1 EVM blockchain platform, focused on DeFi, GameFi and Metaverse. It is the first PoW blockchain with mining and liquidity staking, the best PoW alternative to Ethereum.
How does Paradex work?
ParaDEX — a scalable, resilient, high-performance blockchain platform that is fully compatible with the EVM, allowing developers to build scalable and usable dApps at virtually no cost. ParaDEX enables true decentralization through Proof of Work (PoW).
Para DEX is connected to popular public networks such as Ethereum, Binance Smart Chain (BSC), Polygon with Pink Bridge. Pink Bridge provides communication between ParaDEX and other supported chains. Users can transfer tokens, NFTs and arbitrary data between ParaDEX and other chains by using a bridge. Arbitrage and liquidity transfers are available with cross-network support.
Distinctive features:
| High performance | Currently, Para DEX can process over 2,000 transactions per block while maintaining security and scalability. |
| Zero fee | Para DEX is designed in such a way that transaction fees are always close to zero, so users never have to worry about paying high fees. |
PUSD - the native stablecoin of the Para DEX ecosystem and is fully supported by a basket of other stablecoins such as USDT, BUSD, USDC, PAX, DAI.
Unlike other traditional banking systems, ParaDAO is completely decentralized and run by people around the world who have their own ParaDEX protocol token, PDX. The goal - to create a standard stablecoin that minimizes the risk of owning a single stablecoin by using a basket of multiple stablecoins.
PinkDEX Protocol
PinkDEX — Para DEX's proprietary Automated Market Maker (AMM) protocol that rewards native cryptocurrencies for providing liquidity on the network. This is an incentive to increase the overall liquidity of ParaDEX, which creates arbitrage opportunities and attracts more users to the ecosystem. Liquidity is the most important part of any market and indicates the overall health of the market. With sufficient liquidity, traders and investors can interact with the market without too much slippage. When liquidity dries up, buying and selling may not be possible at all.