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Polkadex Mainnet Launch Will Take Place on September 29

Polkadex-Mainnet-Launch Altcoin News
  • Polkadex platform’s Mainnet release will happen on September 29.
  • The next step is to start the migration of PDEX from Ethereum to Polkadex.

After weeks of Polkadex’s successful Testnet launch, the platform is setting up to introduce its Mainnet. Moreover, the Polkadex’s Mainnet release will happen on September 29, 2021. To add, the Mainnet release indicates the most noted milestone yet for the Polkadex team.

Starting from September 29, anyone can earn PDEX and secure the network through running a validator node or by staking PDEX and nominating validators.

Polkadex’s Next Step

After the much-awaited Mainnet release, the next step is to trigger the migration from Ethereum to the Polkadex network. In addition, this will open a path in turning PDEX ERC-20 token to the native token of the Polkadex network. Aside from the migration, the other components of the project including PolkaIDO, Polkapool, and Polkadex Orderbook will be rolled out soon.

Once the migration protocol is released on the Mainnet, users will be able to migrate some PDEX over to ETH blockchain. Along with this, users will be able to start securing the Mainnet as soon as possible. Hence, users can run a validator node to safeguard the network and get PDEX in return.

Users will also be able to stake their PDEX, nominate validators and start receiving yield on their PDEX. Even more, all the actions will be open to any participant. Since Polkadex blockchain will stay as a public chain, validating might be advanced for few members in the community.

In case validating is too advanced, or users lack the system validating requirements, they will still have a chance to nominate validators with their staked PDEX and get interest in the form of payouts from validators.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.