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Good News: Polkadex Finally Reveals Its Mainnet Launch Date

Polkadex Reveals Mainnet Launch Date and Plans on Migrating to New Blockchain News
  • Polkadex finally unveils its mainnet launch date.
  • Polkadex also revealed its plans on migrating to a new blockchain.
  • The mainnet is slated to launch on September 29, 2021.

Polkadex has recently announced its mainnet release date — September 29, 2021. This is also stated in their Twitter account.

To note, Polkadex is a fully decentralized peer-to-peer orderbook-based cryptocurrency exchange for the DeFi (decentralized finance) market. By design, it is an expansive project — having several innovative solutions built on the Polkadex blockchain.

According to Polkadex, the aforementioned ‘mainnet’ refers to the main chain from which the rest of Polkadex’s components will be released intermittently. In addition to the mainnet launch, Polkadex also revealed its plans on migrating to a new blockchain.

Native Network Shift To Introduce Testnet Trials Of New Offerings

The Polkadex team will begin migrating its existing ERC-20-based PDEX tokens from Ethereum to Polkadex, after the mainnet launch. With this, a one-way bridge for PDEX will be provided and be converted into Polkadex’s native token. Following this, the team said other relevant components of the project will also be implemented — like; PolkaIDO, Polkadex Orderbook, and Polkapool. Eventually, these will be proven on the testnet, before moving onto the mainnet.

Polkadex CEO, Gautham J notes,

This mainnet release is a big milestone for Polkadex. It marks the beginning of the whole series of events unfolding in the next few months. Polkadex network will act as the main decentralized layer hosting all our dApps including PolkaIDO, Polkapool and Polkadex Orderbook.

Once the migration protocol is installed on the mainnet, users will be able to transfer PDEX from Ethereum to run validator nodes. This will ensure the network’s security, as well as let the users earn PDEX tokens in return. Moreover, PDEX token holders will also be able to stake their tokens, nominate validators, and generate earnings on their PDEX tokens. Along with this, the testnet will also continue to run at the same time as the mainnet — enabling developers to test their projects on Polkadex before the mainnet launch.

As Polkadex’s CEO mentioned, there are more happenings that the public can expect in the following months — surely, Polkadex’s supporters are here to see it all.

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Cho Amisola is a passionate writer for both creative writing and digital publishing. She’s been featured and published in both areas and is now focusing on blockchain news.