POLKAROAD- New Decentralized IDO Platform

What exactly is PolkaRoad?

Based on the Binance Smart Chain, a new decentralized IDO platform for (BSC) projects has been launched. The first one-of-a-kind and engaging community-oriented fundraising tool on Binance Smart Chain (BSC). Users that own PolkaRoad tokens will get (FCFS) basic allocation.

Join the first community-oriented capital-raising network, which will fast become the go-to location to locate the next top-quality diamonds looking for an affordable location to call home for their smart contracts.

FEATURES

DECENTRALIZED:
Your cryptocurrency is entirely regulated and secure in your own crypto wallet, and you may exchange it from wallet to wallet.

IDO PLATFORM:
The first one-of-a-kind and engaging community-oriented fundraising tool on Binance Smart Chain (BSC).

ULTRA HIGH PERFORMANCE:
The interface is ultra-smooth, speedy, and simple to use.

STAKING:
People can purchase and stake PRD tokens for IDO Allocation.

Statement of the Problem

Decentralized Finance (Defi) is a fast emerging area of the blockchain ecosystem that offers several benefits to market participants. Decentralized apps (dApps) are now largely implemented on Ethereum and the BSC Network.

Polkadot is a blockchain system with a strong development team that outperforms Binance Smart Chain in terms of processing speed and scalability. In a single dApp, how can a user operate on the Binance Smart Chain blockchain while also interacting with the Polkadot network? This is frequently the case.

Why PolkaRoad?

PolkaRoad has the potential to be a decentralized application platform. PolkaRoad DEX is one of PolkaRoad’s most important offerings; it is a decentralized exchange that allows users to trade tokens on Polkadot for tokens on other blockchains without the need for a centralized entity. Furthermore, liquidity suppliers can earn high-yield benefits by utilizing the smart farming technique.

Farming

Even while asleep, liquidity suppliers will be able to receive incentives. The PRD token will be used to pay out all incentives. All PRD transactions are subject to a modest charge of 0.5 percent of the entire value. This charge will be divided into two pools:

  • 90% distributed to all farmers. 10% burnt directly.
    Assume the current price of PRD is $0.10 and there are 10 pools on PolkaRoad.
  • When a user exchanges 1,000 USDT for PRD (on any exchange or DEX), the user should receive about.

Assume that the system already has a DOT-USDT pool with a current LP of 10,000 USDT and 1,000 DOT. If a user has 2,000 USDT and wishes to participate in farming, the user must add 1,000 USDT and 100 DOT (purchased with 1,000 USDT at a price of $10 per DOT, without including slippage) to the pool. This user’s LP DOT-USDT stake in the pool is now 100 / (1,000 + 100) = 9.091 percent. As a result, if 1,000 PRD are added to the pool for rewards, this user will get 90.91 claimable PRD.

PolkaRoad Token

PRD is the PolkaRoad ecosystem’s native token. The following are the primary characteristics of PRD tokens:

Farming Reward Pools: As with previous Defi platforms, there will be several pools for farming. Liquidity suppliers will be paid an amount of PRD equal to the total amount of liquidity added.

Governance: PRD holders have the right to vote on future changes to the PolkaRoad ecosystem’s parameters, features, and development roadmaps.

Lending Fee: When using PRD for borrowing fees on PolkaRoad Lending, the user will receive a 50% discount, and the remaining 50% will be burnt to sustain the deflationary token system.

PolkaRoad Launchpad: In order to participate in future projects on PolkaRoad Launchpad, a user must lock a certain number of PRD to farm lottery tickets.

RoadMap

More Info:

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Author

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Review ICO, IEO, Exchange Contact Info: cryptoarindu@gmail.com

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Akalanka Aoki | Review Project

Akalanka Aoki | Review Project

Review ICO, IEO, Exchange Contact Info: cryptoarindu@gmail.com

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