Sota Watanabe Founder Of Astar & Shiden Backs PolkaEx with A Strategic Investment As A First Mover DEX and Launchpad

DEX and Launchpad

“We have been working with PolkaEx and our stress test campaign on Shiden’s testnet was very successful. I was very impressed seeing their dedicated developments and supports. I wish PolkaEx the best of luck on Shiden and Astar.”

Sota is best known as the Founder of Astar Network. What is Astar Network? Astar Network is a multi-chain dApp hub on Polkadot that supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions. Astar is designed to have all the necessary features to become a hub for smart contracts on Polkadot. Astar Network is backed by Binance, Huobi, OKEx, Fenbushi, and other prominent investors.

Sota Watanabe has been involved in blockchain technologies for quite sometime and through founding, Astar (previously Plasm) Network has created a big name for himself. Before he first created Plasm, he was the Director of the Japan Blockchain Association and CEO of Stake Technologies. Sota’s experience led him to the most recent success of Shiden Network that won a parachain slot on Kusama and now sits at a healthy market cap well above $300 million. Next will be Astar’s turn in sealing a Polkadot parachain slot. Sota has built a product that will be essential in the Polkadot ecosystem and the crypto-world knows it.

PolkaEx and our community are excited to have Sota’s endorsement as $PKEX will soon become the first DEX and Launchpad on Shiden and Astar Network.

In a Closing statement, the PolkaEx team has this to say:

“We can say one of our greatest achievements so far is getting the founder of Astar to invest in PolkaEx and support us. This has boosted our desire to keep building, developing and has shown us that we are on the right path and with his advice as well, we can make PolkaEx one of the most popular and most used Dapps in the DeFi ecosystem. Thanks to Sota and the team for the support!”

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