For many cryptocurrency enthusiasts, Decentralized Exchanges (DEX) represent the future trading infrastructure. In this article, we’ll talk about the highly anticipated launch of the PDEX token by the awesome Polkadex exchange and how to participate 😉
Polkadex is a decentralized peer-to-peer crypto exchange. Just like many DEXs, they run based on an Automated Market Making (AMM) model. This not only ensures transparency but also enhances security. How? Well when you trade with an exchange, your wallets are kept with the company. If the company’s infrastructure happens to be down, you won’t have access to your funds.
On the other hand, DEXs give users full control over their wallets, as nothing is stored on a single entity’s server. When it comes to DEXs, they not only have many benefits versus traditional exchanges but represent an attractive investment vehicle for savvy investors. For Polkadex specifically, they are releasing their official PDEX token via an Initial Dex Offering (IDO) tomorrow on the 16th of April 2021.
When and How Can you buy PDEX?
You first must own a major cryptocurrency in order to swap to PDEX (Bitcoin, Ether, Tether…). We at CryptoTicker like to use Kucoin, and it so happens that the Token sale will happen there. Tomorrow on the 16th of April and specifically at 17:30 GMT+8, the PDEX token will be available for buying. This is a MAJOR opportunity for investors who are looking for a good growth opportunity in the crypto sphere. The PDEX token will allow its holders to participate in the governance of the Polkadex network.
Previous PDEX sale Quick stats
A previous Polkadex IDO Whitelist happened on the 12th of April, where participants managed to fill out a whitelist form and complete some tasks to qualify for the airdrop. The whitelist application managed to fulfill the below stats:
- Tokens sold: 125,000 PDEX
- IDO Price: USD 2
- Access: Public
Being able to participate in this upcoming IDO is a great opportunity for investors to tap into the DEX ecosystem, and have a say in how the project proceeds. AMM is a dominant contender in the crypto exchange market, bringing transparency, security, and cost-efficiency.