Polkadex (PDEX) announced today that their platform has secured a parachain spot in the 16th Polkadot (DOT) auction on May 6, 2022.
After securing a parachain spot in 16th Polkadot, it is aiming to become the go-to cross-network exchange for Web3 and DeFi eras.
IT'S OFFICIAL ✅
Polkadex has secured a @polkadot parachain slot with a resounding win in auction 16! 🍾
Polkadexers came together to loan 973k DOT (>97% of auction cap) to the Polkadex Crowdloan, making it batch 3's biggest 🤯
Thank you Polkadexers 🙌
Just gettin started 👀 pic.twitter.com/lWNoQpSXSi
— Polkadex (@polkadex) May 6, 2022
Polkadex Orderbook and Polkadex’s stack of instruments will be open to all tokens on various parachains due to smooth interaction across Polkadot (DOT) ecosystem goods. Polkadot (DOT) now has its first cross-chain noncustodial cryptocurrency exchange with AMM.
Polkadex received parachain spot
Over 6,000 Polkadex (PDEX) followers contributed 973,324 DOT tokens, totaling $13,800,000. Polkadex (PDEX) got its parachain spot as a result of having the highest crowdloan in Batch 3.
Polkadex COO Deepansh Singh emphasises the significance of his platform’s forthcoming mainnet debut for the Polkadot (DOT) ecosystem and cross-network interoperability.
Extra Polkadex bonuses and rewards
When the protocol hit its first market value, supporters earned a fixed 2 Polkadex for every 1 DOT token deposited.
Moreover, the top 1,000 crowdloan contributors will get a special utility-based NFT. When Polkadex (PDEX) goes online on Polkadot’s mainnet, these NFTs will assure reduced trading costs.
Polkadex (PDEX) Head of Marketing Dagmara Handzlik is ecstatic about a critical milestone achieved by acquiring a parachain slot.
Polkadex (PDEX) collaborated with prominent DeFis like Parallel Finance and Equilibrium, and also top CEXs like KuCoin, during its parachain slot campaign.