A Star births a star: PolkaEx is coming to Astar Network!!

3 min readJan 16, 2022

Hi everyone, we at PolkaEx are very thrilled to see our backer Astar’s launch, almost at the door!!! Congratulations to the Astar team for this achievement which also gets PolkaEx closer to its native(mother) chain where the full DeFi suite consisting of a Dex, LaunchPad, Liquidity mining, NFTs, Auction, and other Decentralized Finance products will be unleashed. Astar is launching with a bang and PolkaEx is glad to light it up. Upon Astar’s launch, we have a series of events planned.

Index

What is PolkaEx?
What is Astar Network?
Upcoming Campaigns and evens
Achievement
Roadmap

What is PolkaEx?

PolkaEx is a cross-chain trading platform on Polkadot utilizing Astar Network to provide higher TPS and lower transaction fees.

PolkaEx is the first DEX on Shiden Network and will be the first on Astar Network. PolkaEx has a Swap feature, Farms, Launchpad, Pool, Auction and more features will be added in the future to provide a one-stop DeFi platform.

What is Astar Network?

Astar Network is a scalable and interoperable infrastructure for Web3.0. Since Astar Network is built with Parity’s Substrate framework, it can be a future Polkadot parachain that also acts as a scalable smart contract platform. The Polkadot Relaychain, by design, does not support smart contracts. This allows Astar the opportunity to fill in this gap. Scalability is obviously one of the most crucial demands dApp developers have. Ideally, the developers can build whatever applications on Astar Network without having to consider its scalability.

Astar Network’s mission is to provide a scalable, interoperable, and decentralized application platform that defines and realizes the new form of the web: Web3.0.

You can connect with Astar Network’s community through the following:

Website | Twitter | Discord | Telegram | Medium

Upcoming Campaigns and events

Launching a pool for the community to earn $ASTR and $PKEX by staking $ASTR.
Add liquidity to $PKEX-$ASTR trading pair and open LP farming for stakers to earn $PKEX with high APY.
Testnet campaign for a one-click token creation feature
Testnet campaign for the all new Auction feature.

Achievements

TVL in our Farms is above $400k and TVL in Pool is above $500k on Shiden Network.
Contributed 11,100 DOT to Astar Network’s crowdloan event.
Successful IDO completion of PolkaEx ($PKEX) token in 1 minute 6 seconds. 4 projects have successfully completed IDOs on our Launchpad. More high-quality start-ups projects on Astar Network will be launched on PolkaEx Launchpad.
21 partners from different blockchain categories. PolkaEx will continue to expand its partnership and influence in the future.
Our TVL is ranked number one among DApps on Shiden Network listed on DefiLlama, and PolkaEx will focus on increasing TVL after deployment to Astar Network.

Roadmap

PolkaEx’s First Half 2022 brief roadmap is as follows.

Q1 2022:

Create your own tokens with one click on Astar Network.
Decentralized Auction Platform on Astar Network.
Minting and Vesting service on Astar Network.
Multi-chain Swap Service.

Q2 2022:

Lockups/Claim Tokens for Token Founders and Community.
NFT minting platform.
Community Governance.