Article Summary, Automatically Generated By AI
About Polkadex
Key Points
- Polkadex is a non-custodial peer-to-peer trading platform that combines benefits of centralized and decentralized exchanges.
- It overcomes issues of traditional DEXes such as front-running, arbitraging, price slippage, and high transaction fees.
- Max supply of PDEX coins is 20,000,000, with 1,963,860 currently in circulation.
- Founders: Vivek Prasannan, Gautham J, and Deepansh Singh, with a team of 15 engineers.
- PDEX is available on KuCoin and Uniswap exchanges.
- Polkadex provides high security, speed
About Polkadex: A Revolutionary Decentralized Exchange
Introducing Polkadex (PDEX): A Revolutionary Decentralized Exchange
Polkadex Orderbook is a pioneering, non-custodial, peer-to-peer trading platform that seamlessly converges the advantages of centralized and decentralized exchanges into a single, innovative product. Leveraging its cutting-edge technical architecture, users can experience the best of both worlds when trading on Polkadex.
Delve into the intricacies of Polkadex by exploring our comprehensive analysis of this innovative project.
Polkadex is a pioneering decentralized exchange that surmounts the limitations of traditional DEXes, effectively mitigating the pitfalls of front-running, arbitraging, price slippage, and exorbitant transaction fees.
The Circulating Supply of PDEX Coins: A Closer Look
On April 16, 2021, Polkadex successfully conducted its Initial DEX Offering (IDO). The total supply of PDEX coins is capped at 20,000,000, with a current circulating supply of 1,963,860. For a comprehensive breakdown of the token’s economics, please refer to the Whitepaper.
The Visionary Founders Behind Polkadex
Polkadex is spearheaded by a triumvirate of seasoned engineers:
Vivek Prasannan, Executive Director of Polkadex, is a seasoned entrepreneur with a proven track record of founding, developing, and successfully exiting two start-ups in the realms of cloud computing, infrastructure support, and fintech. His technical expertise spans C++, RUST, and the Substrate Framework, underscoring his proficiency in engineering.
Gautham J, CEO of Polkadex, pioneered a novel consensus algorithm, dubbed Pebble, leveraging Lamport’s vector clocks. Under his leadership, the development team received a prestigious blockchain innovation award from the BFSI sector, courtesy of Banking Frontier. Notably, Gautham boasts extensive proficiency in a range of programming languages, including GoLang, RUST, Python, C++, and the Substrate Framework.
Deepansh Singh, Chief Operating Officer of Polkadex, boasts a proven track record of crafting and executing successful business strategies for multiple early-stage start-ups, catapulting them towards profitability. Notably, he, alongside Gautham, received an award for the pioneering Pebble consensus algorithm, which enables high-throughput transactions in permissionless networks.
Polkadex is the brainchild of a globally dispersed team of exceptionally skilled professionals. At its core, the development team comprises 15 expert engineers dedicated to crafting the Polkadex core blockchain, Subtratee Enclave, High-Frequency Trading Orderbook, website, and UI/UX frontend, as well as a mobile application. For a deeper dive, please visit
https://github.com/Polkadex-Substrate
.
Acquiring Polkadex (PDEX): A Comprehensive Guide to Exchanges and Marketplaces
Polkadex’s native token, PDEX, is increasingly accessible for trading on a multitude of prominent exchanges, with KuCoin and Uniswap emerging as the top platforms for its exchange.
Polkadex Offers a Comprehensive Suite of Features:
● Unwavering protection of users’ assets, ensuring the highest level of financial security
● Experience unparalleled performance with blistering speeds of up to 500,000 transactions per second, coupled with remarkably low latency of just 20 milliseconds.
● Sophisticated functionalities, including high-frequency trading capabilities and automated trading bots, are also available.
● Intuitive design and seamless navigation, ensuring a consistent user experience across desktop, mobile, and app platforms.
● Enjoy zero gas fees and the potential to eliminate swap fees entirely, exclusively for PDEX stakers.
● Introducing decentralized Know-Your-Customer (KYC) solutions tailored to cater to the unique needs of high-volume traders and esteemed institutional clients.
● Seamless Fiat Currency On-Ramp Solution
● Seamless interoperability between disparate blockchain ecosystems, facilitating unhindered cross-chain liquidity and fostering a unified decentralized landscape.
Polkadex boasts an array of additional features, including a pioneering IDO platform that operates entirely on the blockchain – a first in the market. Furthermore, it offers fungible assets, enabling teams to mint their native tokens, as well as NFTs and other forthcoming features. The overarching objective of Polkadex is to democratize access to DeFi by providing user-friendly products that cater to novice and seasoned crypto traders, institutions, and blockchain project teams alike.
Polkadex is an integral component of the Polkadot ecosystem and pioneers the utilization of a Substrate abstraction layer, dubbed SubstraTEE, to harness the power of SGX technology in building a decentralized exchange (DEX). The architectural framework of the Polkadex Orderbook is a synergistic amalgamation of cutting-edge technologies, including blockchain, parachain, Trusted Execution Environment (TEE), InterPlanetary File System (IPFS), and other innovative solutions currently available in the blockchain industry.