What Is Polkadex (PDEX)?
Polkadex Orderbook is a non-custodial peer-to-peer trading platform that merges the benefits of both centralized and decentralized exchanges in one product. Thanks to the unique tech architecture 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 such issues of traditional DEXes as front-running, arbitraging, price slippage and high transaction fees.
Polkadex provides:
● Highest level of security of user’s funds
● Lightning-fast speed of up to 500 000 transactions per second and low latency of 20 milliseconds
● Advanced features like high-frequency trading and trading bots
● User-friendly design and easy navigation on desktop, mobile and app
● Zero gas fees and opportunity to reduce swap fees to zero for PDEX stakers
● Decentralized KYC for large volume traders and institutions
● Fiat on-ramp
● Interoperability between blockchains and cross-chain liquidity support
Additional functionality of Polkadex includes an IDO platform based fully on the blockchain (currently, the first on the market), Fungible assets for teams that want to mint their native tokens, NFTs and other features down the line. The goal of Polkadex is to bring masses to DeFi through products that can be used by novice and professional crypto traders, institutions and blockchain project teams.
Polkadex is part of the Polkadot ecosystem and the first project that uses a Substrate abstraction layer for SGX technology, called SubstraTEE, to build a DEX. The architecture of the Polkadex Orderbook is a combination of multiple technologies: blockchain, parachain, TEE, IPFS and other latest technologies available in the blockchain industry today.
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 has 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 Lamport’s vector clocks. The team of developers lead by Gautham received a blockchain innovation award from the BFSI sector by Banking Frontier. 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 KuCoin and Uniswap.
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