, a decentralized order book-based cryptocurrency exchange, is vying to win a parachain slot on “Ethereum killer” Polkadot.
The Substrate-based project has announced a crowdloan campaign that will kick off this month. The community is being encouraged to loan DOT tokens to Polkadex in order to secure a sufficient amount of funds for making a successful bid. If the exchange does win, the tokens will be locked for 96 weeks after the launch of the parachain. If the bid fails, contributors will get their tokens back.
In order to incentivize crowdloan participants, Polkadex will be giving away two million PDEX tokens, which represent a tenth of the total supply of the exchange’s native cryptocurrency. On top of that, it has aside half a million PDEX tokens for bonus rewards. The 1,000 biggest contributors will also be able to receive a non-fungible token issued by Polkadex.
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