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Polkadex’s Crowdloan Campaign Raises 973,324 DOTs ($13.8M) to Secure the 16th Polkadot Parachain Slot

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Tortola, British Virgin Islands–(Newsfile Corp. – May 9, 2022) – Polkadex, the revolutionary Substrate-based decentralized order-book exchange, has won the 16th Polkadot parachain slot auction, achieving the milestone on May 6 with 973,324 DOTs ($13.8M worth) from more than 6000 contributors within its community. Polkadex is also the first Parachain auction to cross 90% of its target cap of $1M and the largest Crowdloan in Batch 3.

Polkadex Winning Parachain #16

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Polkadex is a peer-to-peer order-book based exchange for Web3 built on Substrate that aims to combine the safe and non-custodial format typical of DEXs, with the advanced trading features and accessible and user-friendly structure customary of CEXs. Winning the 16th Polkadot parachain slot was an important goal for Polkadex, enabling it to become interoperable with other Polkadot parachain projects all while sharing the security of the Polkadot blockchain.

By obtaining a parachain slot, Polkadex moves much closer to fulfilling its mission of becoming the trading engine for DeFi and Web3. The Polkadex parachain will enable Polkadex Orderbook and Polkadex’s whole slate of products to support Polkadot-native assets from all other parachains, and give the Polkadot ecosystem access to its first cross-chain, non-custodial order book-based exchange with high-frequency trading.

“Thanks to the Polkadex parachain we will be able to bridge assets with the Dotsama ecosystem and now users will be able to trade Polkadot ecosystem tokens from across the whole spectrum of parachains,” said Polkadex COO Deepansh Singh. “This is a first for Polkadot and a first for DeFi as a whole.”

Polkadex’s crowdloan campaign for the batch 3 of the parachain auctions offered strong incentives for its community members. By establishing an auction cap of 1 million DOT tokens with a rewards pool of 2 million PDEX (10% of the total supply), contributors were guaranteed at least 2 PDEX tokens for each DOT token they contributed to the campaign.

PDEX, Polkadex’s native utility token, provides substantial utility; allowing holders to receive discounts on transaction and trading fees, participate in on-chain governance and take part in PolkaIDO investment rounds. In addition, PDEX holders can stake their tokens to become network validators, helping to secure the Polkadex Network in exchange for rewards. Alternatively, PDEX holders can also nominate validators and collators to earn a share of their rewards. They also have the option to stake PDEX in Thea Protocol and earn additional rewards for enabling deposits and withdrawals on Polkadex Orderbook.

As well as the PDEX incentives, Polkadex will give the top 1,000 Crowdloan contributors an exclusive utility-based NFT that will enable discounted trading fees on the Polkadex Orderbook once it goes live on Polkadex.

Throughout the Crowdloan campaign, Polkadex partnered with a number of Polkadot DeFi platforms, including Parallel Finance and Equilibrium, and centralized exchanges like KuCoin and Kraken, in order to give its community more opportunities to participate and more rewards for doing so.

“We’re extremely proud of the way the Polkadex community led the charge during the Crowdloan campaign, especially during the week of the auction,” said Dagmara Handzlik, Head of Marketing at Polkadex. “Polkadex is proof of how important a strong community is to the overall success of a project and we could not be more excited to deliver the products we have been building with the eager support of Polkadexers.”

About Polkadex

Polkadex is a fully decentralized, peer-to-peer orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate. The main idea behind Polkadex is to create a platform that combines the benefits of centralized and decentralized exchanges into one cutting-edge solution that caters to all crypto traders.

Contact:
Dagmara
[email protected]
Twitter: @DagaCMO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123175

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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