Is there anything bigger than the phenomenon of Decentralized Finance (DeFi)?. Both institutional and retail investors have locked assets worth a whopping $59.87 billion in various DeFi projects across the world. Polkaswap is a well-known Decentralized Exchange (DEX) running on the robust Polkadot blockchain network. It is an open-source trading software with an Apache V2 license. Importantly, traders have 100% custody of their funds and are not controlled by any central authority in a DEX like Polkaswap.
How Automated Market Maker (AMM) powers the Polkaswap DEX?
Generally, the Polkaswap trading platform functions based on Automated Market Maker (AMM). Investors provide sufficient liquidity to the Decentralized Exchange by depositing funds. Liquidity Pools are maintained by an experienced team to ensure uninterrupted functioning of the platform. Besides that, Liquidity Providers (LPs) earn a specific fee for providing crypto tokens to the pool of assets.
Investors trade their digital assets in a permissionless manner. Mathematical formulas determine the prices of the assets. Hence, users experience hassle-free trading if there are more assets in the pool leading to greater liquidity.
Entrepreneurs who want to build a top-notch trading platform and dominate the DeFi era can get an affordable white-label Polkaswap clone script from AppDupe. Our well-versed blockchain and cryptocurrency developers utilize the Polkadot blockchain network and the Sora Network to build a state-of-the-art Polkaswap clone script.
We use the advanced Hyperledger Iroha v.2 technology to build our crypto trading platform like Polkaswap. This will help you to attract millions of investors quickly. We ensure that traders store their crypto holdings safely in the MetaMask and Trust Wallet.
What are the different ways to use our Polkaswap Clone Script?
- Traders can buy and sell crypto assets easily from the front-end of the Polkswap Decentralized Exchange (DEX).
- They can also utilize the Fearless DeFi wallet on the Kusama and Polkadot blockchain networks. The Fearless digital wallet is used for getting payouts, staking, re-staking, and transferring funds.
- The staking returns will depend on the lock-up period, minimum assets staked by an investor, number of active nominators, and the total assets staked on the Polkaswap DEX.
- Traders can also use our white-label Polkaswap clone script by connecting well-known smart contracts. Investors can supply liquidity to the Polkaswap clone script by contacting the managers of liquidity pools or through smart contracts.
What are the major highlights of our Polkaswap Clone?
Easy swapping of tokens – Traders can swap their existing Sora tokens (XOR) with multiple digital assets on our DEX like Polkaswap. They can choose a specific crypto asset by entering details like Asset ID, name, and ticker symbol.
Some of the popular assets available are the Polkaswap coin (PSWAP), Aave, Axie Infinity (AXS), Balancer (BAL), Bancor Network Token (BNT), Basic Attention Token (BAT), Binance USD (BUSD), Celsius Network (CEL), Compound (COMP), Huobi Token (HT), KuCoin Token (KCS), and many more.
They can authorize the trade after selecting the slippage tolerance, either 0.1%, 0.5%, and 1%. Investors can swap crypto tokens from different blockchain networks like Ethereum and Kusama. Further, traders directly swap digital assets without adding them to their account.
Availability of Rewards – There are two types of Rewards in our Polkswap clone. PSWAP tokens are provided for investors who contribute liquidity to the XOR trading pools. Additionally, nominators and validators get VAL tokens. VAL is a deflationary token. It is burnt automatically after investors execute a transaction on the SORA Network.
Traders can claim rewards on the Polkaswap Decentralized Exchange (DEX) for investing their funds in the Token Bonding Curve.
Low gas fees – Transactions are executed swiftly on the Polkaswap DEX backed by the Polkadot blockchain network. Moreover, the gas fees are very low when compared to the congested Ethereum blockchain network.
The Sora Network which provides numerous tools for establishing Decentralized applications uses a concept called Substrate. There is no need for mining new tokens on the Polkaswap Decentralized Exchange due to a strong consensus mechanism.
Polkaswap Pool – All the liquidity pools with different trading pairs are integrated with the Polkaswap Pool. Accordingly, liquidity aggregation algorithms ensure the smooth execution of buy and sell trades for investors.
Provision of 24×7 technical support – Traders can resolve their complaints and grievances related to payments, rewards, and token swapping by contacting the dedicated Help centre. Round-the-clock assistance is available via email, live chat, phone, Telegram, and Twitter.
Impress millions of investors with a pulsating Polkaswap Clone
Connect on WhatsApp How investors benefit by holding the PSWAP tokens?
PSWAP is the native crypto token of the Polkaswap Decentralized Exchange (DEX). We integrate it with the sturdy Ethereum smart contract. Therefore, investors can exchange various Ether (ETH) tokens with PSWAP.
Traders can store their PSWAP tokens in the MetaMask wallet (browser extension and a mobile app). Likewise, investors safeguard their funds through passwords and private keys. Importantly, there are a total of 13,92,620 PSWAP tokens.
Investors get PSWAP tokens for staking their crypto assets in the liquidity pools for a certain period. Traders will use the earned fees for buying back and burning PSWAP tokens. Eventually, the burnt PSWAP tokens exceed the newly issued PSWAP tokens. Furthermore, traders cannot purchase PSWAP tokens from an Initial Coin Offering (ICO) or a Private sale.
How do the XOR tokens play a crucial role?
XOR tokens are the base tokens for the Sora Network which works like a Decentralized Autonomous Economy (DAE). Besides that, investors use the XOR token for paying gas fees on the Polkadot blockchain network.
Investors get advantages like high liquidity and less volatility by holding the XOR tokens on the DEX like Polkaswap. The total supply of XOR tokens is 350,000.
What is the Polkaswap DEX planning in the future?
The Polkaswap DeFi platform will provide a plethora of incentives for investors in the coming months. Traders who execute more than 500 transactions per month will get special Market Maker (MM) rewards. Investors get yield farming rewards as part of Liquidity Proving.
Further, investors will get technical assistance in more languages. Subsequently, XOR ERC-20 token holders will earn vested VAL rewards
What is the budget outlay for creating a White-label Polkaswap clone script?
The total cost of Polkaswap DEX development depends on cross-platform compatibility, the extent of customization needed by the entrepreneurs, choice of technologies, hourly charges paid by the developers, kind of features, and the time taken for development.
Entrepreneurs have to incur more expenses for utilizing services like bug fixing, maintenance, resolving security vulnerabilities, software upgrades, technical support, and third-party API integration.
Wrapping Up
Unquestionably, the Polkaswap DEX is becoming the next big thing in the DeFi world after Uniswap. Particularly, its productive partnership with the Sora blockchain network will create a new digital economy that functions like a decentralized bank. Nevertheless, investors will pocket high returns through the efficient allocation of capital.
Hence, entrepreneurs can rule the thriving crypto and DeFi industry by obtaining the profitable Polkaswap clone script from AppDupe.
Become a DeFi giant soon by utilizing our White-label Polkaswap Clone Script
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