PDEX token is
PDEX is the utility token of Polkadex.
PDEX token is used for
- Transactions fees on Polkadex
- Polkadex IDOs
- Validate the network
- Nominate validators
How could value accrue to the PDEX token?
- Transactions fees
- Validate the parachain (goal to keep 50% of supply staked)
What is Polkadex?
Polkadex is a non-custodial Layer 2 exchange on the Polkadot network. It’s a parachain built on the Substrate framework.
How Polkadex works
Polkadex is a mix between a DEX and a CEX with multiple features for token projects, users and institutions.
The orderbook uses off chain state commits to allow for high transaction speed. Users and institutions can place trades with their funds in cold wallets or delegate to a manager or trading bot.
- 500 000 TPS
- Polkadex Mobile
- High-frequency trading
The way Polkadot works is separate blockchains connected to the main Polkadot network. Unlike other decentralized exchanges Polkadex is it’s own blockchain, making it possibly more customizable.
Polkadex aims to have a full-service IDO platform from creating the token, liquidity for trading and participating with decentralized KYC.
PolkaDEX is looking to enable decentralized KYC where the user keeps their information and only send a cryptographic proof. This will make it easier for institutions to participate and make KYC a better experience for users.
Polkadex will offer fiat on a DEX with decentralized KYC making it the go-to orderbook for users onboarded from traditional finance.
Polkadex allows traders to:
- Buy with credit card or bank account.
- Still receive tokens in non-custodial wallet
Staking and governance
Staking and governance will work like on Polkadot. The goal for staking is that 50% of circulating supply is locked.
Current supply: 20 000 000
- 9% Team
- 7% Seed
- 8% – Strategic round
- 10.193% – Private round
- 41% – Treasury
- 10% – Parachain auction
- 6% – Advisors
- 6.807% – Marketing
- 2% – Community
IDO Price: $2