What Makes Polkadex Different From Other Dex’s?
A mainnet is the official final product of the blockchain project and the realization of the promise made in the whitepaper. In other words, a mainnet launch is the opening of the final product for all users.
Polkadex is an application-specific parachain for crypto-to-crypto and crypto-to-fiat asset trading.
Polkadex’s Design focuses on reducing the complexity of the chain. They believe that only those things that need public verifiability need to be on-chain.
In Polkadex, Orderbook, Trader Assets Management, Bridge mechanism to Polkadot and Ethereum, and On-chain market making bots are On-Chain
Trading features like market data aggregation, technical analysis indicators, storage and retrieval of trade history, and all the remaining exchange related features are made off-chain.
Polkadex solves the problem of low liquidity by having AMMs directly connected to its trading engine. These AMMs act as On-Chain market making bots. When a trade is not matched against the Polkadex order book, the Polkadex Engine will check if these On-Chain trading bots can make an order that will match
According to its roadmap, Polkadex was set to launch its Mainnet, and will undergo a Smart Contract Audit by the month of June 2021
For the 3rd and 4th quarter of the year, Polkadex will be bridging:
- Parachain Development
- Polkadot Crowdfunding
- Parachain Auction
Polkadex Orderbook is a non-custodial Layer 2 based orderbook exchange built on top of the Polkadex Network. It keeps the convenience of a centralised exchange but eliminates their bottlenecks by decentralizing the custody of assets.
With Polkadex, the user will not have to worry about a delay in the execution of their orders, or the typical user interface problems characteristic of some DEXs.
About Polkadex
Polkadex is a trading platform catered towards both the users of decentralized and centralized exchange markets. It provides two products initially, Polkadex Orderbook and Polkapool AMM. Polkadex Network allows traders to get the best of both worlds by providing a no KYC, feeless swaps and liquidity on AMM pool supported by perpetual liquidity mining program.
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