• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Polkadex, the Polkadot-based DEX built for Web3 and DeFi, has raised $3 million
Nexo

Polkadex, DEX built for Web3, Raises $3M from LD Capital, Kenetic Capital, QCP Capital, CMS Holdings, Outlier Ventures, and more

Bitcoinist by Bitcoinist
1 year ago
in Press releases
0
Advertisement

Mar 4, 2021 – Polkadex, the decentralized exchange (DEX) built for Web3 and decentralized finance (DeFi), has raised $3 million in seed and private investment rounds from LD Capital, Kenetic Capital, NGC Ventures, QCP Capital, AU21 Capital, CMS Holdings, Block Dream Fund, PNYX Ventures, Genesis Block Ventures, JRR Group, Cluster VC, GBIC,  Momentum 6, Master Ventures, DAG, YBB Foundation, Blocksync Ventures, BTX Capital, Waterdrip Capital, Genblock Capital, Existential Capital and Outlier Ventures. The proceeds will be used to fuel Polkadex’s growth and become the first orderbook based DEX in the Polkadot blockchain ecosystem.

Polkadex offers the functionality and performance of a centralized exchange, but with better user-experience, fully decentralized security, and technological advancements no other DEX has achieved. Some of these achievements are layer2 scaling solution for orderbook, perpetual liquidity mining, and feeless transactions, which eliminate frontrunning and all “gas fees” associated with existing exchanges.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The DEX Optimized for High Frequency Trading

Trading volume on DEX’s has rapidly grown to over $70 billion, but the industry is still hampered by low liquidity, slow processing, high costs, and a poor user experience. Polkadex addresses all these problems and intends to fully unlock the financial trading markets using the most advanced blockchain infrastructure of Polkadot. Especially noteworthy is Polkadex’s trading time, that will support high frequency transactions. Polkadex aims to become a parachain to bridge liquidity from the ecosystem and also derisk its security and consensus to Polkadot.

Polkadex optimizes the high frequency trading environment through synchronous trading operations powered by Polkadot. Polkadex uses its own layer 2 scaling solution named Offchain State Commits to power it’s orderbook. AMMs aggregate liquidity across DeFi pools and process fee-less transactions in parallel at high speeds. Retail and day traders also have access to advanced trading tools, including bots, customized trading algorithms, API data links, and advanced market orders.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The Polkadot Ecosystem Funding Wave

Polkadex will distribute its ERC-20 token, PDEX, through an initial token offering in the first half of 2021. Polkadot projects have been especially popular with investors and developers, with hundreds of new applications being built for the platform, making it the most active nextgen Web3 blockchain infrastructure.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

“Polkadex is one of the most promising projects among our portfolio. Compared with Ethereum-based DEX such as Uniswap and Sushiswap, Polkadex leverages Substrate’s technical advantages: cross-chain transaction support and high scalability to build the next-generation DEX unlocking the full potential of users‘ digital assets for trading. I was impressed by Polkadex’s team. Polkadex’s team consists of blockchain professionals with wide industry exposure. They are smart, aggressive and hardworking. I firmly believe that Polkadex will be one of the best performing projects in 2021,” commented Li Xi, Partner at LD Capital. 

Gautham J. CEO of Polkadex: “The support and trust we have received from the Polkadot ecosystem is further testimony to the problems we are trying to solve. We are on the cusp of creating a new era in Defi” 

About Polkadex: Polkadex is a fully decentralized, peer-to-peer orderbook-based cryptocurrency exchange for the Defi ecosystem in substrate. With Polkadex, you get the same trading functionality and performance of a centralized exchange, but with the added benefits of better user-experience and fully decentralized security.

For more information, contact us via:

Media Contact:

Website: https://www.polkadex.trade/

Telegram: @Polkadex

Twitter: @Polkadex

Medium: Polkadex

Investors: [email protected]

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Next Block Expo Is Aiming to Become the Biggest Blockchain Festival in Europe

Next Block Expo Is Aiming to Become the Biggest Blockchain Festival in Europe

13 hours ago
Crypto Survey Results Show High Levels of User Confidence

Crypto Survey Results Show High Levels of User Confidence

15 hours ago
Uniglo (GLO) Is A New Project Built On Ethereum (ETH) Network That Combines The Best Of Maker (MKR) And Curve DAO (CRV)

Uniglo (GLO) Is A New Project Built On Ethereum (ETH) Network That Combines The Best Of Maker (MKR) And Curve DAO (CRV)

16 hours ago
Microsoft Gives Grant To Blockchain-Based Web3 Game StarHeroes As Historic Partnership Gets Underway

Microsoft Gives Grant To Blockchain-Based Web3 Game StarHeroes As Historic Partnership Gets Underway

16 hours ago
New Meme Coin Tamadoge Raises over $1,000,000 in Weeks

New Meme Coin Tamadoge Raises over $1,000,000 in Weeks

17 hours ago
LBank Weekly Listing Report, 8th August 2022

LBank Weekly Listing Report, 8th August 2022

18 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.