Polkadex Migrates Native Token PDEX From ERC-20 To Substrate

Published on: 03.12.2021

Polkadex users will be able to migrate from ERC-20 to the native chain until Q1 2022, after which the ERC-20 will be disabled. The earlier the migration, the larger the advantages.

Polkadex is a peer-to-peer and order-book based exchange for DeFi built on Substrate that aims to combine the safe and non-custodial format typical of DEXs, with the accessible and user-friendly structure proper of CEXs.

In order to accomplish this objective, Polkadex combines AMM pools with order-books, governed by on-chain bots that work to avoid price slippage issues.

Tue, November 30, 2021, 8:30 PM·3 min read
LONDON, UK / ACCESSWIRE / November 30, 2021 /Polkadex, the order-book exchange for DeFi built on Substrate, is announcing the listing of its native token PDEX on Gate.io, which signals the start of the migration from the ERC-20-based PDEX.

Launched on mainnet at the end of September, Polkadex has now officially launched its native PDEX token, which was previously built as an Ethereum-based ERC-20, a temporary solution while the platform was in testnet.

Polkadex users will be able to migrate from ERC-20 to the native chain until Q1 2022, after which the ERC-20 will be disabled. The earlier the migration, the larger the advantages.

“Migrating PDEX native tokens has been on our roadmap since the beginning,” says Vivek Prasannan, Executive Director and co-founder at Polkadex. “We have worked hard to keep up with our deadlines and we are satisfied with our mainnet launch. The next step to maintain the Polkadex ecosystem is the migration of PDEX from ERC-20, which has been a good temporary solution that now served its purpose.”

Polkadex is a peer-to-peer and order-book based exchange for DeFi built on Substrate that aims to combine the safe and non-custodial format typical of DEXs, with the accessible and user-friendly structure proper of CEXs.

In order to accomplish this objective, Polkadex combines AMM pools with order-books, governed by on-chain bots that work to avoid price slippage issues.

Moreover, to create a performant and slim exchange, only the functions that require verification are built on-chain on Polkadex, while features like market data aggregation and storage happen off-chain.

Polkadex offers many tools to guarantee a safe and seamless experience to crypto investors, traders, stakers and even developers, providing low to zero gas-fees, a secure KYC system, self-sovereignty of funds and even a PolkaIDO Launchpad.

About Polkadex

Polkadex is a non-custodial, peer-to-peer trading platform that combines the benefits of CEXes and DEXes into one. Polkadex’s range of fully decentralized tools provides modern traders, investors and blockchain teams with unparalleled functionality. Built on Substrate and leveraging other sophisticated technologies.

➡️Source:
https://finance.yahoo.com/news/polkadex-migrates-native-token-pdex-150000124.html

Market Stats:
BTC Dominance: 52.23%(+0.01%/24h)
ETH Dominance: 16.09%(-0.09%/24h)
Defi Market Cap: $108.1B(-29.43%/24h)
Total Market Cap: $2634.45B(-0.61%/24h)
Total Trading Volume 24h: $94.98B(-21.12%/24h)
ETH Market Cap: $425.67B
Defi to ETH Ratio: 25.4%
Defi Dominance: 3.91%
Altcoin Market Cap: $1258.44B
Altcoin Volume 24h: $63.42B
Total Cryptocurrencies: 28749
Active Cryptocurrencies: 9335
Active Market Pairs: 76525
Active Exchanges: 736
Total Exchanges: 8179
BTC: 69916.19$(-0.76%/1H)
ETH: 3526.63$(-1.21%/1H)
AVAX: 53.47$(-0.97%/1H)
BNB: 606.27$(-0.4%/1H)
MATIC: 0.99$(-1.12%/1H)
FTM: 0.98$(-1.6%/1H)
ADA: 0.64$(-0.85%/1H)
DOT: 9.38$(-1.76%/1H)
UNI: 12.59$(-1.48%/1H)
CAKE: 4.68$(-1.29%/1H)
SUSHI: 1.82$(-1.93%/1H)
ONE: 0.03$(-1.82%/1H)