PolkaDog as an Interoperability and Fun DEX Platform

PolkaDog as an Interoperability and Fun DEX Platform

Business Technology
June 29, 2021 by wahyuagung26
35
PolkaDog is set as the quickest DeFi (of meme dog) being constructed on Polkaswap. There is a reason why the platform is running on Polkaswap: it is set as the helpful DEX for cross-chain future. The idea is to set up a platform with interoperable and cross-chain exchange, which means that assets can be exchanged
Polkadog 2021

PolkaDog is set as the quickest DeFi (of meme dog) being constructed on Polkaswap. There is a reason why the platform is running on Polkaswap: it is set as the helpful DEX for cross-chain future. The idea is to set up a platform with interoperable and cross-chain exchange, which means that assets can be exchanged and traded easily. Interoperability platform also means that swaps can be managed easily, and nothing is better than Polkaswap.

Polkaswap itself has been constructed on Sora network, one of the platforms for cross-chain activities. Thanks to Sora network, Polkaswap is able to focus on connecting all crypto ecosystem (to Polkadot) and it helps with simpler exchange.

Benefits of PolkaDog Involvement

There are some general benefits of joining PolkaDog and taking part in the ecosystem:

  • It supports faster trading. Polkaswap is designed as an AMM interoperable and non-custodial DEX protocol. It is based on Kusama and Polkadot parachains, relay chains, and also blockchains. Thanks to Polkaswap, the platform can eliminate intermediaries, which affect speed and also cost.
  • The platform also encourages boundless liquidity. Polkaswap is about a trustless, on-chain, and decentralized manner because it is able to combine various liquidity sources within the common (and general) aggregation liquidity algorithm.
  • The platform is about an open source ecosystem which means that anyone is able to add (more) liquidity sources so they can contribute to the platform’s codebase.
  • The network encourages and supports any token swap. Unlike the traditional and centralized DEX with its limitation and restrictions, you can add tokens so you can go beyond the limitation. Feel free to add tokens from Polkadot and also other blockchains. You should be able to trade, list, and create your tokens on Sora network. Moreover, the core infrastructure on Polkaswap has Parity Substrate. It is more powerful and scalable when compared to the Ethereum.

Powerful Features

What makes a platform different from one another is their features. It’s what sets them apart. Well, for those who join PolkaDog, there are several benefits that they can enjoy:

  • Fair profit share. The platform ensures fair launch because they don’t have any private or public sale. With fair launch, everyone is expected to enjoy fair share too.
  • Profitable airdrops. Users who support Polkaswap will get rewards in the form of free PDOG token.
  • Maximum and robust security. Since the PDOG token is a part of ERC-20, the token contract is based on (and follow) the standard OpenZeppelin v3.0. Users won’t have to worry about the legality or the protection perimeter of the platform.
  • Community owned and focus. The platform is focusing on its community. And with the decentralized system to ensure fair and free ecosystem, the platform can totally focus on its community.
  • Reward farming and benefits. Users who are willing to contribute to the growth of the platform and take part in its ecosystem will be rewarded. Those providing liquidity should be able to collect more PDOG tokens, which can be useful for their investment portfolios.

In the end, if you want to invest your digital asset or crypto money in a robust platform without compromising performance, security, or even fun, then PolkaDog would be the best option. You can find more information about this amazing project on:

Website: https://polkadog.io/

Twitter: https://twitter.com/_Polkadog

Telegram: https://t.me/polkadog_io_official

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Author: wahyuagung26

Donation: 0xF636a2C4DDAB863261666DBFfeB4D489F79f02b2

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