Polkadex (PDEX), a novel Substrate-based DEX, secures Polkadot (DOT) parachain slot in 16th auction
More than 6,000 Polkadex supporters contributed 973,324 DOT tokens, which is equal to $13,800,000 by press time. As such, Polkadex won its parachain slot by the largest crowdloan in Batch 3.
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. This is a first for Polkadot and a first for DeFi as a whole.As the protocol reached the initially set market capitalization, its supporters received a guaranteed 2 PDEX for every 1 DOT token contributed. Two million PDEX, or 10% of its aggregated supply, was allocated for this initiative.
Dagmara Handzlik, Head of Marketing at Polkadex, is excited by a crucial milestone Polkadex accomplished by securing a parachain slot:
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