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What is Polkadex?
Polkadex is a decentralized exchange that aims to disrupt the current cryptocurrency trading landscape for both professional and retail traders. By combining the convenience and speed of a centralized exchange with the security of a decentralized exchange, Polkadex is creating a superior trading platform. The mission of Polkadex is to make DeFi accessible to everyone by offering a technologically advanced and user-friendly product.
Polkadex addresses common issues faced by traditional DEXes, such as high transaction fees and frontrunning. Users of Polkadex will enjoy feeless transactions with verifiability, as well as opportunities for high-frequency trading, trading bots, and other unique features. It is a one-of-a-kind product in the cryptocurrency industry.
Polkadex is an integral part of the Polkadot ecosystem and is built using Substrate.
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What Is Polkadex (PDEX)?
Polkadex is a non-custodial peer-to-peer trading platform that merges the benefits of both centralized and decentralized exchanges in one product. Users get the best of both worlds trading on Polkadex. To learn more about this project, check out our deep dive of Polkadex. Polkadex is a cutting-edge decentralized exchange that overcomes issues of traditional DEXes such as front-running, arbitraging, price slippage, and high transaction fees.
How Many PDEX Coins Are There in Circulation?
Polkadex has done an IDO on April 16, 2021. The max supply is 20,000,000 PDEX coins. The current circulating supply is 1,963,860 PDEX coins. Detailed tokenomics can be found in the Whitepaper.
Who Are the Founders of Polkadex?
Polkadex is led by 3 engineers:
Vivek Prasannan, Executive Director of Polkadex is an experienced businessman who has founded, developed and successfully exited two start-ups in cloud computing, infrastructure support, and fintech space. His engineering knowledge includes C++, RUST & Substrate Framework.
Gautham J, CEO of Polkadex, developed his own version of a consensus algorithm known as Pebble using Lamports vector clocks. The team of developers led by Gautham received a blockchain innovation award from the BFSI sector by BankingFrontier. Gautham has extensive experience in GoLang, RUST, Python, C++ and Substrate Framework.
Deepansh Singh, COO of Polkadex, has experience developing successful business strategies for multiple early-stage start-ups that made those companies profitable. Together with Gautham, he received an award for the innovative Pebble consensus algorithm that enables high throughput transactions in permissionless networks.
Polkadex is developed by a team of highly skilled specialists from all over the world. The core development team consists of 15 engineers working on Polkadex core blockchain, Subtratee Enclave, High-Frequency Trading Orderbook, website and UI/UX frontend, and mobile application. For more details https://github.com/Polkadex-Substrate.
Where Can I Buy Polkadex (PDEX)?
PDEX is available for trading on a growing number of exchanges. The top exchanges for Polkadex native token are BYDFi and Uniswap.
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