Polkastarter DEX launches with limited liquidity pools.
The platform aims to compete with Ethereum with high speed transactions.
The POLS token price is up 75% this month
A new decentralized exchange has appeared in the already crowded DeFi space. The platform is offered by the Polkadot network, Ethereum’s rival.
December 15th marks the official launch date of the Polkastarter DEX . The platform was designed for cross-chain token pools and auctions, with the aim of enabling projects to raise capital on the Polkadot network .
Polkastarter was officially announced in September when the project listed its native POLS token on Uniswap. It has now been brought online with the first cash pool offering rewards for exchanging ETH for POLS.
Tomorrow we are launching the new @polkastarter website with our new branding. The logo and other elements are now updated on all social media.
There are two other pools that are still in the testing phase that should offer exchanges with SpiderDAO, a privacy-based online project.
A DEX different from the others?
While Polkastarter is entering an already crowded DEX ecosystem, it will offer new features like cross-chain pools, all-asset support, fixed swap pools, and a secure listed pool.
It also allows projects to list tokens at a fixed price. This should help ensure lower volatility at launch, as prices will be held for as long as the initial token supply lasts.
DEX already has a growing list of partners which includes the secure data transfer platform Shyft Network, the Moonbeam Network which processes the Solidity programming language, the automated liquidity provider Orion Protocol, the API service provider Covalent and the open platform. -source oracle active decentralized information (DIA).
Institutional investor Digital Finance Group has also pledged financial support for the platform.
Polkadot, which powers the new DEX, has openly said it has targeted Ethereum and aims to „go well beyond the current ERC-20 standard.“