Exactly a week ago on the 11th of November, 2021, the Polkadot Parachain Auctions begun, setting up the path for individuals to stake $DOT to vote and support the project of their choice among competing projects hoping to win the first batch of slots.
PolkaEx’s vision and mission from the onset has been to build powerful decentralized finance applications on Astar Network previously known as Plasm network and this can be seen in our mainnet launch and ongoing development on Shiden network, a parachain of the Kusama network, and the canary network of Astar. Our current contribution of 11,100 $DOT goes on to reaffirm our commitment to support Astar Network in the Polkadot ecosystem and to help them obtain a parachain slot.
Our current contribution has been facilitated by the team’s personal funds to cement our support and desire to help Astar network achieve its goals.
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines.
At PolkaEx, we believe in the vision and development of Astar Network and we encourage everyone in the Polkadot ecosystem to also support Astar network in this crowdloan event.
PolkaEx is a cross-chain DeFi suite consisting of a Decentralized Exchange, a Launchpad, Liquidity mining, and NFT usecases. Our main chain of focus is Astar and by combining a Launchpad with a Decentralized exchange we believe this can open the door for legitimate projects seeking to raise funds and list on a Decentralized exchange on Shiden to do so in a decentralized, low fee and developer-friendly environment. Our Launchpad is live on both Ethereum and Shiden Network.
Our Dex was launched on Shiden Network with Staking and Liquidity mining. Shiden Network provides PolkaEx and the DeFi community with a whole Layer 2 scaling solution designed to benefit the user with a low transaction fee and fast speed. To sum up, while we make it possible for community members and investors to invest in early ideas and projects, we provide projects with a Decentralized exchange to list their tokens on Shiden Network.