2,000,000 EQ Allocated by Equilibrium for Polkadex Crowdloan
Equilibrium is partnering with Polkadex and allocating a chunk of 2,000,000 EQ tokens to reward Polkadex Crowdloan contributors who lock up their DOTs through xDOT with 10 EQ: 1 DOT.
This will be added on the top of Polkadex rewards scheme which includes:
- Base reward starting from 0.1875 PDEX per DOT
- 15% early-bird bonus on all contributions made in the first 72 hours.
- 5% on all contributions after the first 72 hours and till the 9th day.
- An exclusive NFT for each of the top 1,000 contributors
- Plus 10% referral bonuses through the Launch Partners, 5% Referrer & 5% Referred.
About Equilibrium
Equilibrium is a cross-chain DeFi super-app that combines a money market and a spot market with margin trading. The platform performs the full gamut of DeFi functions from pooled lending and synthetic asset generation to decentralized trading. EQ is the native utility token that is used for communal governance of Equilibrium. xDOT is a liquid and tradeable wrapped DOT that unlocks liquidity of DOT locked in parachain auctions and delivers multiple crowdloan bonuses on Polkadot.
About Polkadex
Polkadex is a fully decentralized and hybrid peer-to-peer order-book crypto exchange, backed by Web3 Foundation. This non-custodial peer-to-peer trading platform merges the benefits of CEXes and DEXes in one product. It overcomes such issues of traditional DEXes as front-running, arbitraging, price slippage and high transaction fees. Polkadex is powered by PDEX, the native token of the Polkadex network.
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