Thanks a lot for actively participating in the PolkaEx AMA held on 28th Sep 2021 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with PolkaEx

We have with us Ryan

I'm Ryan, the CMO of PolkaEx. I've been in this ecosystem for over 6 years coming with a lot of experience in community building and growth. I'll be answering your questions today about PolkaEx. Before that, PolkaEx is a cross-chain liquidity integration platform that consists of a Dex, launchpad, farming, staking and governance. This is being built on Astar, the v1 is already live on Ethereum. Thank you

Q1. What are the highlights of PolkaEx’s technology and products that you believe will help you succeed? How revenue does PolkaEx generate to sustain the project, and what plans do you have to attract more users in the future?

PolkaEx will basically be the first Dex with a launchpad on Astar. Astar has EVM functionalities and this makes it easier for developers who are familiar with Ethereum and BSC to launch on Astar too.. We have a launchpad to help projects raise funds, a dex to facilitate trading at low fees etc all these are major moving parts that will make PolkaEx attract more users

Q2. With PolkaEx will we be able swap token which are on different Blockhains, I mean what if i want to exchange a token built on ETH blockchain with a token built on BSC? And what's the fee going to be?

Yes there will be a cross-chain service for this and the fees one will pay will depend on the network they are transacting from and it'll also depend on the network at the time. Thank you

Q3. Liquidity mining is the best way to generate passive income. Liquidity funds are very important for decentralized exchanges and this is exactly one of the key advantages that you will have with PolkaEx. What passive income strategies does PolkaEx offer to users?

Initially there will be Staking and yield farming to incentivize holders. The team will explore more strategies and keep innovating to bring great things to the ecosystem

Q4. How will the NFT staking work in your platform? Will it be a cross chain NFT support platform?

There will be something related to NFTs but unfortunately I can't give much info on this as it's in the early stages and also we have some secret sauces that are best kept that way until fully ready to be deployed. Your secret is your power😊

Q5. What kind of partnerships with different projects/platforms/protocols can we expect from PolkaEx in the future? Could you give us some examples of how other projects can leverage PolkaEx?

With Partnerships, we already have the support of Astar team, a partnership with NetVrk to get PolkaEx into the metaverse. More will certainly follow but until it's finalized, nothing can be said yet. With other projects, one of the best ways to leverage PolkaEx is using our launchpad and farming options to boost their development and growth.. And we've got a wonderful community too

Q6. Where can I buy your tokens now and how can I buy them? and what are your current contracts? Where can I buy your tokens now and how can I buy them? and what are your current contracts?

You can either buy in the IDO tomorrow or on Uniswap.. Ask more questions on this here; @polkaexgroup

Q7. Can you mention about your project security status ? How secure are your smarts contract and have you done any AUDIT for this?

Our contracts have been audited by Certik, and we believe we are good to go... https://www.certik.org/projects/polkaex

Q8. Can you share some Details about Recent Major Achievements done by your project? Also, what are the Future Roadmap & Targets of your project?

We launched two testnet campaigns, one with the support of Astar team. Currently the team is working with anyswap to bridge ERC-20 tokens to Shiden

Q9. I understand that the Astar network launch will be next month, but have they really already conducted tests and audited the contract on that network? If not, how do you know that it will work without problems without completing this process?

Astar supports EVM contracts and our contracts have been audited by Certik

Q10. What are the types of users on your project? How do you keep all users staying with your project for the long term?

We will be incentivising our users most especially our token holders

Q11. I could read that PolkaEx does not use an order book to derive the price of an asset, but that it will work similar to Uniswap's AMM, but will PolkaEx really work the same way as Uniswap's AMM? or what differences will it have with this one?

It'll work in the same way, the only difference is on Astar network, there's high TPS and very low fees unlike on Ethereum

Q12. STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have  plan about to Staking?

Yes we do..

Q13. a lot of projects disappear in these difficult market conditions. How can you ensure the sustainability of your token what is the receipt of success?

Most disappear either because of the lack of vision or they were just scammers trying to milk innocent souls. That's not what PolkaEx stands for, PolkaEx is for the long term and it can be seen in our development pattern, we are launching with a product.

Q14. How important is the community to Your project? and How can we collaborate or help share token for the development of the project?

The community is very important, the success or failure depends on them. There will be governance implemented to let community participate

Q15. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Here's info on our tokenomics

https://polkaex.medium.com/polkaex-token-metrics-e34fe6806634

Q16. BSC is trending now with lower gas fees and higher transaction speeds. Do you have any thoughts on going to BSc?

PolkaEx will be on multiple chains, can't give an eta on BSC but I think it may or have a bridge sort of thing

Q17. According to the project's roadmap- what are your most important next priorities?

Getting a bridge for ERC-20 tokens on Shiden and launching on Astar

Q18. I think your project is great so how is the way to buy your token? any presale and public sale?

There will be a sale tomorrow 8 AM UTC

Join @polkaexgroup for more information

Q19. Do you have any competing projects and what are the best features that make you stand out from the competition?

We are not focused on competitions, we want to be innovative as fast as possible and that's why makes a project relevant

Q20. Can I buy your tokens right now and also which wallet support your token?

You can buy in our IDO tomorrow or on Uniswap..  It's an ERC-20 token so any ERC-20 compatible wallet should be able to hold it

Q21. According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?

Priorities are an ERC-20 bridge and launching on Shiden.. Funds, the team raised $2.5 million from private investors months ago so I'll say we are in good shape

Q22. What is your strongest advantage that you think will make your team leading the market?

We have a strong community and a good product... A strong community and  a good product should do the trick..

Q23. Is this platform suitable for Crypto beginners?Or does it only appeal to professional users?

It's suitable for everyone, and even if there's difficulty, our team and moderators will always be there to assist users

Q24. How strong and big is your team with solid experience? Is your all team anonymous and do you have any plan to be public in the future?

We have a strong team with solid experience. We may be anon to the general public but doxxed to our backers and even the Astar team also we held a voice AMA in the official Astar telegram group few minutes ago, guess that says a lot ahuh

Would have loved to answer all of you but time is far spent, I'll recommend anyone who needs answers to any questions to reach out to our only official telegram group and get them answered by our handsome admins. Thank you Gary and everyone for making time out to get your questions answered by me. Have a good one