PolkaBridge Jan & Feb 2022 Update — An Insight Into Our Activities Lately
The PolkaBridge team has continued working on the DeFi/NFT aggregation project, despite the volatile market and uncertain atmosphere lately. But it’s been a while since we have posted an update, owing to the workload and the flurry of developments which has kept us busy. This changes now as we give you an overview of our activities in the new year 2022 for both Jan and Feb. We have focused lately on community building, maximizing participation, expanding, and optimizing our team for various roles, partnerships, burn backs, launching our own Discord server and so much more. Let’s dive in!
PolkaBridge Roadmap Q1 2022
We are still on track for the Q1 2022 roadmap and all set to launch new products soon. The party will start with our Multichain AMM (automated market maker) launching on Mar 07, which will start supporting Binance Smart Chain, Polygon and Moonbeam blockchains also. Down the line, we are also preparing for our innovative one-of-a-kind Initial NFT Offering (INO) platform, which will open the door for artists and dev teams to launch their collections to the public directly.
PolkaBridge is also planning to list on several new Tier 1 exchanges and we are in contact with a couple of listing teams at this point. We are further researching new interesting concepts related to the community vision for DeFi 2.0, which is likely to result in novel products. It’s safe to say that 2022 will be an interesting year for the PolkaBridge brand.
PolkaBride’s 6th and 7th PBR Token Burn
We are certain that you are aware of our monthly PBR token burning program, which decreases the total supply, puts deflationary pressure, and therefore increases the value of the PolkaBridge’s native token. The month of January and February 2022 was no different as we burned 1,000,000 PBR tokens in each month. These tokens were worth $600,000 in Jan 2022 and $450,000 in Feb 2022. At this point, the total supply of PBR is ~81 million tokens left only.
PolkaBridge Launchpad IDO
PolkaBridge offered a couple of promising Initial Decentralized Offering (IDO) in the first two months of 2022. These included AlphaDEX (an Innovative cross-chain layer 2 scaling on Moonriver + Ethereum + Kusama), Animal Concerts (interactive metaverse concerts streaming, artists empowerment and fan experiences project), CloudName (domain tokenization and trading service), and DeFiYield (multi-chain yield aggregator and asset management).
KuCoin 30 Days Passive Income Program
We have always strived to provide maximum value for our token holders and regularly run staking programs so our users can earn passive income. We ran one in collaboration with the KuCoin exchange starting from Jan18, for a period of 30 days, where users could lock their PBR tokens and earn 30% APR.
PolkaBridge Valentines Festival
On the heartening occasion of Valentine’s day in the month of February, we ran several promotions to celebrate with our community. These included a variety of activities including but not limited to Bingo, Love with Mathematician, Maze game, On the spot Meme contest, Freedom of Speech, Music contest, and Debate / Lucky draw. The PolkaBridge Valentines Festival was the most extensive community involvement and participation maximization program that we have ever run!
PolkaBridge is also proud to announce that we have partnered with SimpleSwap (a sign-up free user-friendly and reliable instant service for cryptocurrency and fiat-to-crypto exchanges) on Feb 10 and Luna-Pad (a peer to peer innovative Launchpad for Terra Luna ecosystem & Binance Smart Chain) on Feb 16.
It will allow PBR tokens to be listed on the SimpleSwap service for instant liquidity provision and also foster cooperation for launchpad projects between PolkaBridge & Luna-Pad, resulting in better opportunities for our community.
We have partnered with Ankr too — a Web3 infrastructure company on Mar 04. The integration with Ankr nodes allows us to offer a better experience to our users as the DApp activities load faster and reliable uptime in ensured via connection to Ankr RPC endpoints or nodes.
Learn And Earn Program
Similar to Coinbase Earn, PolkaBridge also ran a learn and earn program where participants tried their luck in the community quiz between Feb 23 — Feb 28 to answer questions and earn prizes in cryptocurrencies. We believe that it’s necessary for the continued growth of our community and incentivizing learning behavior amongst our users.
PolkaBridge $10,000 Donation To Ukraine Fund
After the Russian unprovoked aggression on Ukraine, the government of Ukraine requested crypto donations via its official Twitter. PolkaBridge, responding to the call, donated $10,000 for the relief and freedom fund, which will aid Ukrainians in the resistance against the occupying forces and help rebuild their country once the war ends.
Discord Server Launch!
The PolkaBridge team has always sought robust ways to connect and engage with the community. For this reason, we have finally launched a Discord server to serve as a one-stop communication center. We will soon launch a number of contests and promotions to push various benefits to our community and enable them to connect further with the project, so watch this space!
PolkaBridge is a decentralized all-in-one financial application platform. The PolkaBridge ecosystem is expected to include multi-chain & cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in the center.
❇️ Website: https://polkabridge.org
❇️ Twitter: https://twitter.com/realpolkabridge
❇️ Medium: https://medium.com/@polkabridge
❇️ Github: https://github.com/cyclese96
❇️ Telegram Channel https://t.me/polkabridge
❇️ Telegram Group https://t.me/polkabridgegroup
❇️ Discord https://discord.gg/G3NDrcq6GW
❇️ Coingecko https://www.coingecko.com/en/coins/polkabridge
❇️ Coinmarketcap https://coinmarketcap.com/currencies/polkabridge/