PolkaBridge x Coin98 AMA Recap
PART 1 — HOST QUESTIONS
Q1: Hi Mr.@cyclese_polkabridge, Could you please briefly introduce yourself and PolkaBridge, what your team is going to build and your roadmap?
Cyclese | CEO & Co-Founder PolkaBridge
I’m Cyclese, from Singapore. I’m CEO & Co-Founder of PolkaBridge. Before I created PolkaBridge, I was a web and mobile developer with 5 years of experience in a blockchain company.I participated in investing in the cryptocurrency market in 2017, so I have so much experience in cryptocurrency investment.
PolkaBridge is a decentralized all-in-one financial application platform. The PolkaBridge ecosystem is expected to include Multichain & Cross-Chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in center.
The feature of PolkaBridge is the Defi Multichain and Cross-chain applications. Today, there are many new and potential ecosystems, so users who want to use the platforms of each ecosystem must use many different application systems. PolkaBridge was born to solve that problem. Just standing in one place, users can interact with many different ecosystems.
In this 4th quarter, we will prioritize the launch of Multichain AMM, integrating Ethereum, BSC, Harmony, PolkaDot into our AMM . Besides, we will also carry out IDO for potential projects. You can see more upcoming projects at https://launchpad.polkabridge.org/
Below are the media channels of PolkaBridge. Please follow it to get the latest updates
❇️ 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
❇️ Coingecko https://www.coingecko.com/en/coins/polkabridge
❇️ Coinmarketcap https://coinmarketcap.com/currencies/polkabridge/
Q2: Very impressive profile and project, I have heard that your team is very well prepared to launch PolkaBridge Project. Can you share about launching multi-chain AMM and the process of listing PolkaBridge on Tier 1 exchanges?
Cyclese | CEO & Co-Founder PolkaBridge
Multichain AMM is scheduled to be launched on October 25. The audit process with Certik is coming to the final stages. Actually, the Audit has been almost 1 month and needs to be checked very carefully before the mainnet.
Listing tier-1 exchange and specifically Kucoin, will be adopted at the end of this October. We are negotiating with them in terms of legal documents and final preparations, before listing.
Please follow the latest information at @polkabridge
Q3: Such an interesting project, Can you also share the integrating multiple chains to the AMM of PolkaBridge and your plan to become Cross-chain AMM in 2022?
Cyclese | CEO & Co-Founder PolkaBridge
As you know about AMM, it is considered as a decentralized exchange, where users can swap from token A to token B, just through non-custodial wallet (Metamask, TrustWallet, Coin98 Wallet…)
Famous AMMs with a large number of TVLs today, such as Uniswap, PancakeSwap, ShushiSwap …
One downside is that they don’t really support multichain and cross-chain swap. That’s why we want to build Multichain and Cross-chain AMM.
Multichain AMM allows users to swap multiple tokens on different blockchain platforms. For example, they can swap ERC20 tokens with each other, BEP20 tokens with each other… just in one place. The transaction fee is only 0.2% and will use 20% of it to buyback and burn PBR
First time we will support Ethereum , after that we will support BSC, Polygon, Harmony. And we will also support Polkadot, Solona in the future
About Cross-chain AMM, it is a decentralized exchange, allowing users to swap tokens between different blockchain platforms, for example users can swap from ETH to BNB or ETH to DOT… Technically, this is a very difficult thing, because current blockchain platforms do not really “talk & communicate” to each other well. So it takes time to solve this problem. PolkaBridge will try to implement them.
Cross-Chain AMM is expected to launch next year.
PART 2 — Preselected Community Questions Via Google Form
Q1: How complete is your product now? Your future plan to attract users, compete with other amm in polkadot?
Cyclese | CEO & Co-Founder PolkaBridge
Over the past 8 months, these are the achievements we have achieved. TVL has surpassed 8 million dollars, with more than 100 thousand investors and users. Our current products
- Multichain Staking (BSC, ETH) http://stake.polkabridge.org/
- Deflationary Farming https://farm.polkabridge.org/
- Multichain Launchpad (BSC, ETH) https://launchpad.polkabridge.org/
In order for a project to develop evenly, and especially for the project’s token price to grow sustainably, in addition to a good product, we also have to do good marketing to make it known to many people. We have a great marketing team and I feel proud of that. They did a very good job of marketing activities, from internal to external. I think that’s also a strength.
At PolkaBridge, we do “guerrilla marketing”, hit-and-miss. And we found it very effective.
Q2: How does the Moonbeam integration improve the polkabridge ecosystem?Why is the Polkadot integration still pending?
Cyclese | CEO & Co-Founder PolkaBridge
Moonbeam is a smart contract platform on Polkadot, it allows us to develop Defi applications on Ethereum on Polkadot. We decided to use MoonBeam and not through a parachain auction, because we developed smart contracts on Ethereum, using Solidity language. So when we integrate Moonbeam, it will be very easy, there won’t be much technical change.
Therefore, through the Moonbeam parachain, PolkaBridge will be able to interact with PolkaDot, thereby integrating PolkaDot into PolkaBridge’s existing Staking, Farming, Launchpad, AMM platforms.
We are developing smart contract on MoonBeam Alpha. When PolkaDot opens parachain auction, MoonBeam is run on Polkadot, then we will officially launch mainnet on MoonBeam. It is also the door to enter the PolkaDot ecosystem
Q3: Many project has buy back and burn in their tokenomics. Is there any feature in your projects? Is Polkabridge has passed the Secuirty Audit . Which Audit company has audited it and what result was provided by the Audit company?
Cyclese | CEO & Co-Founder PolkaBridge
Every month, we also burn 1M PBR to encourage the long-term growth and development of the project .
In addition, PBR is implemented with deflation mechanism, each transaction will burn 0.1% of the amount of PBR and this mechanism will run forever.
Our contracts have been audited by Certik
https://certik.org/projects/polkabridge
Q4: Can you tell me about upcoming IDOs from polkaBridge launchpad ?
Cyclese | CEO & Co-Founder PolkaBridge
A large amount of IDO project will be coming to PolkaBridge this month and nextWe have many upcoming IDO projects, such as CryptoPunt, Rebaked, Defactor, SolClout, AdaSwap, TryHards….
The closest IDO project that will take place on October 18, is CryptoPunt. You can see details here https://launchpad.polkabridge.org/
To join PolkaBridge’s launchpad, you just need to stake a minimum of 500 PBR and a maximum of 3000 PBR to get the max allocation. No need to join the whitelist or fill in any information
You can read more here https://polkabridge.medium.com/polkabridge-launches-launchpad-v2-the-multichain-universe-misson-8377161bfdba
Q5: Partners are very important for every project today, may I know which partners you have now? and which partners in the future you will be heading to?
How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?
Cyclese | CEO & Co-Founder PolkaBridge
We have many partners, like BMW Capital, Casper, KILT, Labs, Unilend, Unifarm …
They helped us a lot in community development and other activities.
BMW Capital is our special partner and also our advisor . They helped us about funding, connecting potential partners, finding high quality projects for IDO Launchpad.
✅ PolkaBridge local communities
🇰🇷 Korean Community @polkabridgekr
🇹🇷 Turkey Community @polkabridgetk
🇻🇳 Vietnamese Community @polkabridgevn
🇵🇹 Portuguese Community @polkabridgepor
🇨🇳 Chinese Community @polkabridgecn
PART 3 — Telegram Questions
Q1: Since NFT is popular nowadays, is there a plan for NFT integration?
Cyclese | CEO & Co-Founder PolkaBridge
PolkaBridge does not develop NFT, but there is one project in the PolkaBridge ecosystem that develops NFT Gaming, which is PolkaWar .
PolkaWar is a 3D gaming project developed by us and is an important part of the PolkaBridge ecosystem.
Everyone can learn about PolkaWar here:
✅ Website https://polkawar.com
✅ Game Portal https://game.polkawar.com/
✅ Telegram https://t.me/polkawar
✅ Telegram discussion https://t.me/polkawarchat
✅ Twitter https://twitter.com/polkawarnft
✅ Github https://github.com/polkawar
✅ Medium https://medium.com/@polkawar
✅ Whitepaper https://polkawar.com/docs/whitepaper.pdf
Q2: Currently from where i can buy ? Is it possible that I can get only by holding it?
Cyclese | CEO & Co-Founder PolkaBridge
Now you can buy $PBR token here:
❇️ Uniswap: https://app.uniswap.org/#/swap?inputCurrency=0x298d492e8c1d909d3f63bc4a36c66c64acb3d695
❇️ QuickSwap: https://quickswap.exchange/#/swap?outputCurrency=0x0d6ae2a429df13e44a07cd2969e085e4833f64a0
❇️ MXC Exchange: https://www.mexc.com/exchange/PBR_USDT
❇️ Gate Exchange: https://www.gate.io/en/trade/PBR_USDT
Q3: Revenue is an important aspect for all projects to survive and maintain the project / company. What is the way to generate profit / revenue of token? What is the income model?
Cyclese | CEO & Co-Founder PolkaBridge
The project’s revenue comes from Token Allocation, IDO fees, and soon transaction fees on AMM.
Q4: Can you give an overview of your Tokenomics, and the UTILITY of Token?
Cyclese | CEO & Co-Founder PolkaBridge
PBR is a special project, as we don’t have a private sale or a seed sale. PolkaBridge IDO took place in January 2021,total raised 200k$, IDO price 0.015$ , 100% unlocked at that time. We don’t have allocation for private sale, or seed sale or presale.
Benefits when you hold $PBR
1. Join launchpad
2. Potential to increase price (Token burning mechanism)
3. Join governance
4. Stake and farm $PBR, earn more $PBR
Q5: How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?
Cyclese | CEO & Co-Founder PolkaBridge
Our team members come from many different countries (India, Pakistan, Colombia…). We have a total of 16 members (including developers, marketers, community…)
They are experienced and very good people haha. I feel lucky to have such companions
Q6: IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepared for this bear market? How will you handle the panic sell ?
Cyclese | CEO & Co-Founder PolkaBridge
Bear market is just a temporary bearish phase of the market. The value of the token will follow the actual value of the project and will depend on the product, on marketing, on the development team…
We are not worried about that. We have enough capital to maintain and develop PolkaBridge over the next 10 years.
PART 4 — Quiz
Q1: What is PolkaBridge?
- A multichain and cross-chain DeFi application
- A lending platform
- An NFT platform
- A real estate platform
Q2: What are PolkaBridge’s current products?
- Multichain staking
- Deflationary Farming
- Multichain Launchpad
- All of the above
Q3: Who is PolkaBridge’s partner?
- Casper Labs
- Finance Labs
- Deeper Network
- All of the above
Q4: What is PolkaBridge’s upcoming October product?
- Lending platform
- Multichain AMM
- Cross-Chain AMM
- Gaming
Q5: According to the plan, how many PBR tokens will the team burn every month?
- 100K PBR
- 500K PBR
- 1M PBR
- 1.5M PBR
About PolkaBridge
PolkaBridge is a decentralized all-in-one financial applications platform. The PolkaBridge ecosystem is expected to include cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in center.
❇️ Website: https://polkabridge.org
❇️ Farming https://farm.polkabridge.org
❇️ Staking https://stake.polkabridge.org
❇️ LaunchPad https://launchpad.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
❇️ Reddit https://www.reddit.com/r/polkabridge_official
❇️ CoinMarketcap https://coinmarketcap.com/currencies/polkabridge
❇️ Coingecko https://www.coingecko.com/en/coins/polkabridge
