PolkaBridge (PBR) is a decentralized cross-chain protocol designed to facilitate token swaps across multiple blockchains. More
| Fully Diluted Valuation | $96,822 |
|---|---|
| 24H Trading Volume | $3 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 72.18M |
| Total Supply | 74.91M |
| Max Supply | ∞ |
| Categories | Automated Market Maker (AMM) 5 more |
|---|---|
| Founder | Cyclese |
| Website | polkabridge.org |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Binplorer 5 more |
| Contracts |
0x298....3d695
2 more
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| Name | Pair | OG Score |
|---|
PolkaBridge (PBR) stands out in the decentralized finance (DeFi) sector as a multifaceted cross-chain protocol. This overview will objectively examine the key components that define PolkaBridge and its anticipated role in the broader DeFi ecosystem.
Cross-Chain Functionality:
PolkaBridge positions itself as a decentralized financial applications platform, with a core focus on enabling token swaps across different blockchains. This includes a range of features such as automated market maker (AMM), farming, lending, launchpad, NFT, and prediction modules. The protocol initially operates on Ethereum and plans to migrate to Polkadot, with additional blockchain support in the pipeline.
PolkaBridge DEX:
A prominent offering is the PolkaBridge decentralized exchange (DEX), facilitating token swaps between Polkadot and other blockchain platforms. Noteworthy is the platform's smart deflationary farming mechanism, providing liquidity providers with enhanced rewards. This mechanism sets the groundwork for incentivizing active participation.
The PBR Token:
PBR serves as the native utility token within the PolkaBridge ecosystem. As an ERC-20 token on Ethereum, it is integral to various functions, including transactional activities, staking collateral, participation in launchpad IDOs, and as a base asset for cross-chain swaps, lending, and prediction functionalities.
Distinctive Features:
PolkaBridge introduces unique elements, such as a deflationary farming model, where transactional portions contribute to staking rewards pools and token burning. The Launchpad feature supports early-stage investments and IDOs for projects, providing utility for PBR holders.
Migration Plan to Polkadot:
The strategic move to migrate to Polkadot as a parachain in Q3 2021 is a pivotal aspect of PolkaBridge's roadmap. This transition aims to leverage Polkadot's capabilities, enhancing cross-chain interoperability and overall platform efficiency.
Team Composition:
PolkaBridge is managed by an anonymous and diverse team with extensive blockchain and cryptocurrency industry experience. The team's collective expertise is expected to play a pivotal role in the development and success of the project.
Conclusion:
In summary, PolkaBridge emerges as a decentralized protocol with a focus on cross-chain functionality and a diverse range of financial applications. The project's planned migration to Polkadot, coupled with distinctive features and an experienced team, positions PolkaBridge as an intriguing player in the evolving landscape of decentralized finance.
PolkaBridge distinguishes itself by offering a decentralized cross-chain protocol, facilitating seamless token swaps across multiple blockchains. Its innovative features include a deflationary farming mechanism and a decentralized exchange (DEX) that enables users to exchange tokens on the Polkadot platform with those on other blockchains.
Cyclese is the founder and CEO of the token.
You can buy PolkaBridge (PBR) on LATOKEN, Uniswap V2 (Ethereum) cryptocurrency exchanges.
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