Polkadex - Path to integration into the Polkadot ecosystem

The concept of Polkadex is to create a service that integrates the advantages of both centralized and decentralized exchanges within a single modern solution. Polkadex is designed to meet the needs of any crypto investor, eliminating the need to compromise on any part of the trading process.

• The Mission of Polkadex
• Features and Integration of Polkadex 
• PDEX Tokenomics

The Mission of Polkadex

The goal of Polkadex is to create a fully decentralized platform for token exchange in a peer-to-peer and trustless environment, while ensuring high liquidity, instant transactions, and advanced trading features such as high-frequency trading and bots. In its early stages, the Polkadex project received support in the form of a grant from Web3 and became a member of the DeFi Alliance.

Polkadex believes in the potential of DeFi to make people financially free around the world, so they are making maximum efforts to ensure the accessibility and ease of use of their platform for beginners. They are working on the following features:

• lowering the entry threshold;
• improving the functionality of the resource;
• creating compatibility bridges for a variety of liquidity sources, including support for fiat currencies.
• Polkadex aims to become the most convenient platform for buying, storing, and exchanging crypto assets.

The main product of Polkadex is the Polkadex Orderbook, which will be complemented by a number of other features. Thanks to the Substrate framework, Polkadot allowed for easy addition of new features and development of the platform without the need for complex and costly hard forks. This has been a key factor for Polkadex in its quest to offer a universal solution for DeFi market participants.

Parachains allow traders to contribute liquidity without handing over control of their assets to centralized structures, using Ethereum smart contracts to lock assets and directly attract liquidity to Polkadex.

Features and Integration of Polkadex

Staking in Polkadex motivates users to hold PDEX tokens to receive rewards. This mechanism is similar to the Polkadot network and includes a reward system that adds game elements and aims to keep 50% of the total volume of PDEX tokens in circulation in staking.

It is crucial for Polkadex to become a parachain in the Polkadot network to reduce the cost of transferring tokens from Ethereum to Substrate. Becoming a parachain will also allow for token movement without the need for trust.

At the moment, the Polkadex project has implemented integrations and bridges with:

• Chainbridge for transferring ERC-20 tokens from the Ethereum network until Polkadex becomes a parachain.
• Substratee to create a TEE gateway for high-frequency trading.
• Integration with Openfinix in the order book to increase the efficiency of high-frequency trading.
• Integration with Snowfork for trustless transfer of ERC-20 tokens to Substrate will be activated after we become a parachain.

PDEX Tokenomics

Polkadex, a leading project in the cryptocurrency sphere, has introduced the tokenomics of its PDEX token, designed for a multitude of functions within its ecosystem. The PDEX token, with a total supply limited to 20 million units, plays a key role in paying fees, participating in IDO, voting in network governance, and the possibility of becoming a validator.

Currently, less than 10% of the total supply is in circulation, amounting to 1,963,860 PDEX tokens. These tokens were released as part of the test version of Polkadex, and the remaining part will be issued on the mainnet in subsequent stages of the product launch.

Let's examine the key aspects of the distribution of PDEX tokens in the table below:

Polkadex focuses on creating an efficient DeFi ecosystem, aiming to solve existing problems and attract a wide audience of users. Collaboration with leading experts from various industries helps the project to develop and reach new heights in the blockchain industry.