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## What is Polkadex?
Polkadex is a pioneering project at the intersection of centralized and decentralized exchanges, committed to providing a secure and seamless trading experience for all types of cryptocurrency traders. Here's an overview of Polkadex:
- Combining the Best of Both Worlds: Polkadex aims to merge the advantages of centralized and decentralized exchanges into a single, innovative platform.
- Decentralization: The platform operates as a fully decentralized exchange, facilitating peer-to-peer token exchanges in a trustless environment.
- High Liquidity and Speed: Polkadex prioritizes high liquidity and lightning-fast transaction speeds to support advanced trading features such as high-frequency trading and trading bots.
- Accessibility: With a focus on user experience, Polkadex strives to lower entry barriers and make crypto trading accessible to both newcomers and seasoned traders.
- Polkadot Integration: Leveraging the Polkadot network and Substrate framework, Polkadex ensures scalability, interoperability, and efficient development without the need for complex hard forks.

## Why Polkadot?

Polkadex embarked on its journey seeking a scalable consensus algorithm, leading to the discovery of Polkadot and Substrate. Polkadot's appeal lies in its scalability and speed, outstripping Ethereum, NEO, and Cardano with parallelized transaction processing. Its interoperability fosters a dynamic ecosystem, crucial for Polkadex's goals. Substrate's flexibility empowers ongoing platform enhancements without hindrance, ensuring agility. 

Moreover, Polkadot's parachains enhance Polkadex's security, enabling trustless token movement and diminishing reliance on centralized services. These factors collectively cement Polkadot as the ideal foundation for Polkadex, promising a resilient, efficient, and innovative decentralized exchange ecosystem.

## Token Economics
Polkadex's native token, PDEX, plays a central role in the platform's ecosystem. Here's a glimpse into Polkadex's tokenomics:
- Token Utility: PDEX facilitates transaction and trading fee payments, participation in IDOs, governance, validator staking, and more.
- Total Supply: Capped at 20 million tokens, PDEX utilizes automatic burning mechanisms to regulate supply and maintain stability.
- Circulating Supply: Currently, less than 10% of the total supply is in circulation, with gradual release planned during the Mainnet launch.
- Governance and Staking: Polkadex adopts Polkadot's governance mechanism for decision-making and incentivizes users to stake PDEX for network validation.

## Parachain and Integrations
Becoming a Polkadot parachain not only enhances Polkadex's functionality but also decreases token movement costs. Integrations with Chainbridge, Substratee, and other technologies further broaden Polkadex's scope. Chainbridge facilitates seamless bridging of ERC-20 tokens from Ethereum, while Substratee enables the creation of a TEE gateway for high-frequency trading. These integrations augment Polkadex's capabilities, ensuring interoperability and efficiency across various networks. Together, they position Polkadex at the forefront of decentralized exchanges, offering users a comprehensive and streamlined trading experience.

## Team Background and Partners
The team comprises over 20 dedicated members, including Executive Director Vivek Prasannan, CEO Gautham J, COO Deepansh Singh, Chief Community Manager Francis Dufour, Marketing Manager Pablo Solanas Martin, Lead Frontend Engineer Emmanuel Thomas, Senior Blockchain Engineer Krishna Singh, and Software Engineer Arjun Porwal.

Polkadex's partners: [Acala](https://coinrotator.app/coin/acala), [Polkastarter](https://coinrotator.app/coin/polkastarter), Parallel, Ajuna Network, Simplex, Equilibrium, Bitfrost, Onfinality, Subscan, [Cere](https://coinrotator.app/coin/cere-network), Hummingbot, and GSR.

## Project Development

Polkadex is extending its parachain lease through a slot swap with an unused Polkadot parachain, ensuring continuity beyond the current lease's April 10th expiration. This agreement maintains Polkadex's connection to the wider Polkadot ecosystem, facilitating trustless liquidity flow to and from Polkadex Orderbook. Polkadex operates on two networks: the Main Network and the Parachain. While the Main Network hosts Polkadex Orderbook and THEA, the Parachain connects it to Polkadot, enabling seamless asset bridging. 

Despite an unsuccessful bid to renew the parachain slot via auction, a slot swap agreement has been reached with another parachain team, securing support for Polkadot tokens until Q4 2024. Though the swap process poses minimal risk, potential issues could temporarily disrupt Parachain connectivity without affecting the Main Network's operations. Transparency and caution guide Polkadex's approach, ensuring user funds remain secure throughout the process.

## {{name}} Price Analysis

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Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

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