PolkaEx Announce $1.5 Million of Liquidity Locked for 1 Year

PolkaEx’s Launchpad launched PKEX IDO on Sept 29 and completed the Public Pool sale within 1 minute and 06 seconds. The PKEX token was listed on Uniswap an hour later and liquidity was provided to the PKEX-USDC pool. The launch process went smoothly. The current $PKEX price according to data from CoinGecko above $1.50 and Uniswap’s total liquidity is around $3.3 million, with $1,670,000+ USDC and 970,000+ PKEX. You can find more details here : PKEX-USDC Pair of Uniswap

It’s worth noting that the PKEX Yield Farming Program is currently ongoing! The 1st round reward is 300,000 PKEX with the APR currently sitting at 500%. There is already over $1.4M Total Value Locked and it is in growing trend. Liquidity Providers on Uniswap on the PKEX-USDC pair can easily stake their LP tokens to earn PKEX in the Farms section of our Dapp: Farms PKEX

We have worked hard to build our community to over 8,800 members on Telegram and over 15,800 followers on Twitter. With all this growth, we feel we have a certain duty to all our community members to show them that we mean business. PolkaEx is here to stay and better bring a lot improvement in this space.

To show our continuous commitment to the project and our wonderful growing community, we have locked up $1.5 million worth of liquidity using TeamFinance, which is TrustSwap’s Smart Lock that allows blockchain projects to lock their ERC20 tokens and LP tokens in a non-custodial, time-released smart contract vault and makes Defi Safer.

Click here for lock validation

This means the $1.5M worth of PKEX and USDC tokens are locked for the next 12 months and we can’t liquidate it or exchange it. The current unlock date is October 7, 2022 and we will revisit our liquidity lock policy on the above date.

PolkaEx will keep pace with our investors, share common feelings and give them more confidence in their decision to invest in $PKEX. We look forward to continuing our efforts to create more value for you and the entire PolkaEx community.

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PolkaEx is a cross-chain trade platform based on Polkadot, using Astar Network to provide higher TPS, lower transaction cost.