PolkaBridge x Crypto Royals: AMA Recap

Date :- 28 April , 2021 At 2pm UTC
Hosted by : Jannat
Speaker : Polkabridge team

Jannat:
Good evening everyone, I am pleasured to have Polkabridge team to join our AMA today.

Hello sir so nice to have you with us today

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
yes i’m very happy when join AMA with Crypto Royals community today

Introduction Questions :-

Q1. Can you please introduce yourself as well as Polkabridge

I’m Cyclese, from Singapore. I graduated from NUS with a fee bachelor’s degree in computer science.

Before I created PolkaBridge, I was a web and mobile developer with 5 years of experience in a blockchain company.I participated in investing 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 crosschain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in center.

Q2. What are the advantages of your project ?

PolkaBridge is expected to bring all features of traditional finance to crypto world. What you can do with traditional finance, you will be able to do the same on PolkaBridge, but decentralized and better.

At PolkaBridge we will develop many Defi Products , with different model, such as: Deflationary Farming, Launchpad, NFT, AMM, Swap and Cross-chain, Lending…

At currently, we released 2 products: Farming and Launchpad
You can check it https://farm.polkabridge.org/ , https://launchpad.polkabridge.org/

Q3. Please, tell us about the goal that you are planning to achieve in this year.

About our goal this year, you can check on our roadmap. We are building multichain DEX and Lending during developing Farming, Staking as well as conducting IDO for many legit projects on our Launchpad. NFT are also considered to be built.

Twitter Questions :-

• First question from Twitter :

Currently you need creative ideas to develop the project. Could you share what is currently the main focus of the PolkaBridge team?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
It’s excited question

Our main focus now is finding many high quality and legit project to launch IDO on our Launchpad, I think our holders are looking forward to joining.

And the first one — Beyond Finance has launched their public sale on PolkaBridge, and it’s so successful. Their tokens was sold out within about 30 seconds.

The next ones are also ready. You can follow upcoming projects at https://launchpad.polkabridge.org

We also are also working hard to reach all targets on roadmap. As you see, all targets on Q1 was filled perfectly, we are proud and confident to reach all others.

• Second question from Twitter :

Do you have any new partneship recently? And what advantage of this partnership to the project?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Sure, we have many partnership with legit projects like KILT, Casper Labs,… You can see on our website.

Thanks to them, we would be known by more investors, and connect to more communities. And in future, they will also help us develop products and ecosystem technically if necessary. Let’s see what we can do together.

• Third question from Twitter :

How can you balance between developing a platform and adding value to your product? Can you explain about the tokenomics and use-cases of $PBR token?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
We are working hard everyday to develop products, connect partners, find quality project for IDO Launchpad Platform.
a lot of daily work, but luckily, we have good staff and they can handle everything .

in the near future there will be many contests and many marketing campaigns to make project more popular.

About tokenomics, you can see in this pictures .

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Our token model is deflationary. It’s mean: The total supply of token will be decrease time by time.

You can see how it work via this picture

At now, the total supply of PBR has been decreased from 100M to 88M

and will be more decrease in the future, of course

This is PBR token use-cases

✅ Farming Rewards
Earn farming rewards from trading fees on PolkaBridge.

✅ Lending Fee
Pay lending fees in PBR.

✅ Fund Raising
Participate in IDOs of projects by holding PBR Tokens.

and more in future developments

• Fourth question from Twitter :

Will Polkabridge obtain a Parachain slot on Polkadot or you plan to integrate with other projects that will obtain a parachain slot?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
No, we don’t need to have any parachain slots, as you see on our roadmap we have plan to migrate to Moonbeam Network and I think it’s good and the most suitable idea.

We know exactly what we can do and what we will do to bring real value to our investors.

We are not only a community but also a family. We could not be here like this without them. And you can be one of us. Welcome all.

• Fifth question from Twitter :

I saw that you are planning a service called PolkaBridge Launchpad. What will be done via this service? Will it be similar to Binance Launchpad? When is it planned for?

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
excited question

PolkaBridge Launchpad is the foundation that can help projects raised fund, incubate for the long-term development of the project.

These projects are chosen through their strong fundamentals, the teams driving the project, their communities and the real world use cases going forward.

Beyond is the first IDO project was successful on PolkaBridge Launchpad, and sold out within 1 minute, raised 15 ETH.
You can see our platform at https://launchpad.polkabridge.org/

There are many upcoming IDO projects that will conduct on our launchpad platform in May, such as: Dgragonbite, CryptoPunt, Rebaked…

If you want to have a chance join whitelist, you need to hold PBR. The more PBR amounts you hold, the more chances you have of winning
You can read rule here https://polkabridge.medium.com/polkabridge-announces-the-new-whitelist-rule-for-next-launchpad-ido-offering-fa12ec2d2f2a

Live Questions :-

  1. The total supply of $ PBR is 100,000,000, Do you think this high supply may have a bad impact on the token price? How are this tokens distributed?

Our token model is deflationary and so that, the total supply will be decreased time by time. As you see, currently, PBR total supply has been decreased from 100M to 80M .
I think it will have a positive impact to PBR price in the future

2. Polkabridge is a great project
HOW CAN I SUPPORT YOUR PROJECT?

WHERE CAN I ALWAYS FOLLOW YOU,,
can you list all your Social Media, where i can see your updates and developments?

Our development github https://github.com/cyclese96
Others, you can follow our media social channel at
https://twitter.com/realpolkabridge
https://t.me/polkabridgegroup
https://discord.gg/G3NDrcq6GW
https://www.reddit.com/r/polkabridge_official

3. Finding investors is hard, keeping investors is harder, so what strategy does PolkaBridge have enough to make investors trust and with PolkaBridge project go a long way?

We are confident to be able to bring large real value to investors. Every products will be developed for investors (includes holders, farmer, stakers,…). They use to earn and earn to use. It’s a circle, which has not ending.

4. NFT is considered the next trend so HOT right now of the crypto industry after DeFi. Could POLKA BRIDGE share your opinion about NFT? Where do POLKA BRIDGE see the future evolution of NFT features and capabilities in the next few years??

of course, NFT is on our roadmap.
We will develop game base on blockchain platform .
Game will combine with Defi, it’s good model .
Our NFT game platform will be released in Q3 this year .
Let’s see

5. PolkaBridge is a platform that let users do Swaps token from Polkadot to others chains( and viceversa), but how many chain are you talking about? The same as Polkadot it supports?

Follow our roadmap, PolkaBridge DEX will launch mainnet on Q3-Q4 this year
it will include 2 parts: Multi-chain and cross-chain.
Multi-chain: We will launch a DEX , support swap tokens on Ethereum, Binance Smart Chain, Polkadot and more…
Cross-chain: you can swap tokens between 2 chains. Such as: you can swap token from Ethereum to PolkaDot, Ethereum to Binance Smart Chain

Mukul Sharma | Crypto Royals:
Thankyou sir

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Don’t hesitate to ask any questions about PolkaBridge on our official group https://t.me/polkabridgegroup
Thank you

Jannat:
Sure

Thank you so much everyone for joining us for todays session with Polkabridge and special thanks to @cyclese_polkabridge for such an informative session.

Cyclese | CEO & Co-Founder PolkaBridge (Never DM First):
Thank you Jannat, Mukul Sharma
We have great AMA today

Jannat:
The pleasure is our sir😊

The first decentralized bridge between Polkadot platform and other blockchains