Tortola, British Virgin Islands--(Newsfile Corp. - April 29, 2022) - As the Polkadot parachain auctions enter Auction #16, Polkadex is closer than ever before to securing a parachain spot once and for all. Auction #16, starting today (April 29) and lasting for one week (May 6), will pit the Polkadex Crowdloan against late newcomer, Bifrost Finance. Within that time, the project that spends the most time leading with the highest amount of DOT loaned will get the highest chance to win the auction on May 6th.
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With over 1,203 and a total of over 304 126 DOT contributed (at the time of writing), the Polkadex Crowdloan has garnered widespread support and has proven to be a crowd favorite. Partnerships with fellow Polkadot DeFi platforms like Parallel Finance and Equilibrium and centralized exchanges like KuCoin and Kraken have also made it easier for more people to contribute to the Polkadex Crowdloan. In fact, 47% of contributions have been made via Parallel Finance, while 6.5%, 4.5%, and 3.9% have been made via Kraken, Equilibrium, and KuCoin respectively.
"Securing a parachain slot will go a long way towards fulfilling Polkadex's mission of becoming the trading engine of the whole DeFi and Web 3," said Gautham J, Polkadex's CEO and Co-founder.
For Polkadex, securing a slot to the Polkadot network ensures Polkadex Orderbook and other...
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