Home » Crypto » What is Polkadex (PDEX) coin and how does it work?

What is Polkadex (PDEX) coin and how does it work?

by Financial Economy

Polkadex (PDEX) Coin is the base unit of the Polkadex platform. PDEX Token, which made an IDO on April 16, 2021, is a cryptocurrency with a circulating supply of close to 7,5 million (As of May 18, 2022). It is a token in the Polkadex ecosystem. Information about some topics that what is Polkadex (PDEX) coin, how does it work, how to buy it, on which exchange, how much is it, reviews about it, its future, etc. is in continuation of the article. You can browse here for information about  Gifto (GTO) coin.

What is Polkadex (PDEX) coin and how does it work?

Developed by 3 engineers, Polkadex was developed as a fully decentralized and peer-to-peer order book-based cryptocurrency exchange within the DeFi ecosystem, built on Substrate. It has the goal of combining the benefits of both decentralized exchanges and centralized ones on a single platform.

The project, which aims to be a peer-to-peer trading platform, aims to be the best trading platform for both worlds, between the crypto world and the real world, with its strong technology architecture. Lower latency and costs are noteworthy. Polkadex (PDEX) Token was developed as the native token of the platform.

PDEX token advantages and disadvantages!

Polkadex (PDEX) Tokken benefits include:

  • It offers a high level of security for user funds.
  • It has lightning-fast processing speed and low latency.
  • PDEX eliminates the clearing fee for shareholders.
  • It has zero gas fee.
  • It can work between blockchain and cross-chain liquidity support.

Polkadex (PDEX) Token disadvantages include:

  • It may lose its functionality.
  • Risk appetite is high in the markets where it is traded.

Polkadex coin reviews and future!

Polkadex (PDEX) Coin is promising, but with its contradictory appearance, it is among the digital assets that pose a risk.

Which exchange is PDEX coin on?

Polkadex coin is listed on some cryptocurrency exchanges such as KuCoin, Gate.io, Hotbit, Jubi, LATOKEN, etc.

How to buy PDEX coins?

Polkadex coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

PDEX coin supply!

Total supply of Polkadex coin is 7.460.000 PDEX.

PDEX coin price!

As of May 18, 2022, at the time of the writing, 1 Polkadex coin price is around $2,00 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment