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Polkadot

What is PDEX token used for?

How Polkadex uses PDEX token. Polkadex is a decentralized exchange on Polkadot. It’s a parachain built on the Substrate framework.

PDEX token is


PDEX is the utility token of Polkadex.

PDEX token is used for


  • Transactions fees on Polkadex
  • Polkadex IDOs
  • Governance
  • Validate the network
  • Nominate validators

How could value accrue to the PDEX token?


Fees

  • Transactions fees

Locking tokens

  • Validate the parachain (goal to keep 50% of supply staked)
  • Nominate

What is Polkadex?


Polkadex is a non-custodial Layer 2 exchange on the Polkadot network. It’s a parachain built on the Substrate framework.

How Polkadex works


Polkadex is a mix between a DEX and a CEX with multiple features for token projects, users and institutions.
The orderbook uses off chain state commits to allow for high transaction speed. Users and institutions can place trades with their funds in cold wallets or delegate to a manager or trading bot.

  • 500 000 TPS
  • Cross-chain
  • Polkadex Mobile
  • High-frequency trading

Polkadot parachain

The way Polkadot works is separate blockchains connected to the main Polkadot network. Unlike other decentralized exchanges Polkadex is it’s own blockchain, making it possibly more customizable.

IDO

Polkadex aims to have a full-service IDO platform from creating the token, liquidity for trading and participating with decentralized KYC.

Decentralized KYC

PolkaDEX is looking to enable decentralized KYC where the user keeps their information and only send a cryptographic proof. This will make it easier for institutions to participate and make KYC a better experience for users.

Polkadex Fiat

Polkadex will offer fiat on a DEX with decentralized KYC making it the go-to orderbook for users onboarded from traditional finance.

Polkadex allows traders to:

  • Buy with credit card or bank account.
  • Still receive tokens in non-custodial wallet

Staking and governance

Staking and governance will work like on Polkadot. The goal for staking is that 50% of circulating supply is locked.

Token Isssuance


Current supply: 20 000 000

  • 9% Team
  • 7% Seed
  • 8% – Strategic round
  • 10.193% – Private round
  • 41% – Treasury
  • 10% – Parachain auction
  • 6% – Advisors
  • 6.807% – Marketing
  • 2% – Community

IDO Price: $2

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PDEX token price


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