EmpireDEX expands DEX into Polygon (MATIC) with the $PDEX Liquidity Generation Event (LGE)

Published on: 13.10.2021

EmpireDEX is a decentralized exchange which allows users to exchange tokens on the Polygon Network and provide liquidity all in a trustless and non-custodial environment.

This simply means that EmpireDEX does not need to own the private keys to your wallet in order to exchange tokens or provide liquidity.

Exchange Fees – 0.3% fees on swaps broken down in the following:

0.25% passively rewarded to Liquidity Providers
0.05% sells into USDC to seed the USDC Vault

EmpireDEX router (Polygon) – 0xdADaae6cDFE4FA3c35d54811087b3bC3Cd60F348

EmpireDEX factory (Polygon) – 0x06530550A48F990360DFD642d2132354A144F31d

Liquidity Generation Event (LGE)

LGE Contract Address: 0xc83859C413a6bA5ca1620cD876c7E33a232c1C34

The Liquidity Generation Event (LGE) is a fair launch event. The PDEX launch is designed to be as fair as possible to all participants.

It involves a contract that accepts only MATIC. Users will contribute MATIC to the launch contract. After a 14 day deposit period, the MATIC received will be paired with 50% of the supply of PDEX to create the first EmpireDEX pool. This is wrapped into LP tokens to provide liquidity for PDEX/MATIC.

There is a 10% admin fee on LGE deposits which is broken down 50% Empire Treasury 50% Marketing

How to join LGE

1.Head to LGE.empiredex.org

2. Connect wallet

3. Deposit MATIC

4. Wait for LGE to finish in 14 days

5. Claim your PDEX/MATIC LP + PDEX from the LGE contract

6. Congratulations, you have successfully participated in the Empire LGE

Empire PolygonDEX (PDEX) Tokenomics

PDEX Token is the DEX token for Polygon version of EmpireDEX.

PDEX is a deflationary, yield farmable token that boasts a permanently locked PDEX/MATIC LP to unlock new possibilities by effectively weaponising liquidty to bootstrap liquidity into the EmpireDEX without market dilution on the PDEX token itself.

Token address – 0xc83859C413a6bA5ca1620cD876c7E33a232c1C34

Max Supply – 10,000 PDEX

LGE (initial Liquidity) – 5,000 PDEX

LGE Bonus tokens – 250 PDEX

EMPIRE holders Bonus – 1,000 PDEX (locked for 6 months)

Yield Farming – 2,750 PDEX (over 1.5 years)

EmpireDEX Treasury – 1,000 PDEX

Token Features – 0.01% burn on transactions

Token Perks – Staking token, Future Governance token, Early Launchpad Access.

Why is PDEX/MATIC so special ?

PDEX/MATIC is the most important piece of the puzzle to the EmpireDEX ecosystem which will be highly incentivised via 3 ways.

Staking PDEX/MATIC LP will earn you the highest yield rewards in PDEX Token.

Staking PDEX/MATIC LP will earn you the highest yield rewards in MATIC Token

PDEX/MATIC Liquidity Providers have exclusive access to earn and claim a share of the USDC generated in the USDC Vault.

**Please Note that they PDEX/MATIC LP is permanently locked and the underlying PDEX & MATIC can’t be removed**

What is the USDC Vault

Similar to SushiSwaps SushiBar. The USDC Vault accumilates 0.05% of all volume on EmpireDEX across every tradable pair. The accumulation and collection of these LP Fees will sell into USDC which is then provided as exclusive passive stablecoin income for PDEX/MATIC LP owners.