PolkaBridge x Infinity Gainz AMA Recap
PART 1 — HOST QUESTIONS
Q1: Give us a brief description of what exactly is Polkabridge $PBR ? Explain
I am happy to share about PolkaBridge in Infinity Gainz community today. PolkaBridge is a decentralized all-in-one financial application platform. The PolkaBridge ecosystem is expected to include Multichain & Cross-Chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in center. PolkaBridge was born in January 2021, with the mission of building a Multichain & Cross-Chain DefiHub, revolving around the Polkadot ecosystem.
✅ Multichain Staking (BSC, ETH) http://stake.polkabridge.org/
✅ Farming https://farm.polkabridge.org/
✅ Multichain Launchpad (BSC, ETH) https://launchpad.polkabridge.org/
✅ Multichain AMM (BSC, ETH, Polygon, PolkaDot) (coming soon this month)
Over the past 8 months, these are the achievements we have achieved. I feel proud. Basically, Polkabridge is a 1 stop DeFi HUB. A decentralized financial center.
That’s the Farming app’s TVL. Our staking app is currently running on 3 platforms Ethereum, BSC and Polygon.
Q2: Lets talk now about ur Launchpad? Obviously you have a very developed project in all sectors. However, there is room for mainstream adoption. How do you plan to bring in mass adoption to your platform? Maybe you can talk about your marketing strategy?
Our launchpad platform was born in April, 2021, has done IDO for more than 5 quality projects, with total funds raised up to 500k$. Some projects: Beyond Finance, DragonBite, PolkaWar.
As you know, Multichain AMM is our big product coming soon. Currently in audit process.
It will be a combination of PancakeSwap, Uniswap, Quickswap… With the cheapest transaction fee of only 0.2% and 20% transaction fee used to buy back PBR and burn it.
With PolkaBridge Multichain AMM, users only need to swap tokens on Ethereum, BSC, Polygon, Polkdot,… in a single place.
We are in the final stages of completion. Regarding marketing, we are running contests like Meme contest, Ambassador program.. To promote the PolkaBridge brand to more people. We also connect with many big influencers and KOLs to advertise. AMA in big communities, do Airdrop, Giveaway are also being applied by us.
Q3: Do you have a visual Roadmap we can see? I mean, your project is highly developed. It just needs a bigger exposure.
We’re at the top of the overall market, so we’re going to do everything we can to make PolkaBridge stronger. You can look at our github development. It reflects all that we are doing. https://github.com/cyclese96/PolkaBridge-DEX
PBR has many usecases to increase the price , like we will burn 1M PBR monthly.
🔥 To support the long-term development of PolkaBridge and incentive to increase the price of PBR, we decided to burn 1M PBR monthly (partially bought back and partially deducted from the fund)
✅ 1st burn completed today. Burn transaction https://etherscan.io/tx/0xff5815b94a0685794b7bd9a542d914ba07c57655f98a54e1392acae28e138077
Also, PolkaWar, is one of the NFT Gaming projects located in our ecosystem. So PBR will also be integrated there.
Q4: Is PolkaWar an IDO?
Already finished in June and now in development
Buy back and burn PBR is one of the best usecases, support long-term PBR price grow up. That’s what we’re doing.
Q5: Lets talk about ur Token Economics:
Private/seed price? If any?
PBR is a special project, as we don’t have a private sale or a seed sale. Max supply: 100M
Circulating supply: 33M
Marketing fund: 20%, release 1M per month
Ecosystem fund: 30%, release 1M per month (we will burn it monthly)
PBR IDO took place in January 2021,total raised 200k$, IDO price 0.015$ , 100% unlock on that time. We don’t have allocation for private sale, or seed sale or presale.
A special feature of PBR token is deflation. 0.5% of PBR will be separated from transactions, of which 10% will be burned forever and 90% will go to farming pool, as a reward for farmers.
Therefore, the supply of PBR will be reduced in the future.
Q6: What can we expect to see in the coming days and weeks in terms of development and marketing? What is your relationship to Casper Labs?
Take a look at our timeline.
We just finished integrating Polygon yesterday. Next week we will launch Multichain AMM, running on Ethereum platform. This is PolkaBridge’s breakthrough. And we will conduct app development on MoonBeam parachain. This timeline is a 100% commitment we will fulfill. Certik is auditing our AMM contract , will be done this week.
In terms of marketing, we will continue to connect with famous influencers, to introduce PolkaBridge to more investors. and especially. We will be attending the Defi Summit (WNDS), which will be held in Dubai on September 23.
PolkaBridge will participate In The WNDS Conference — WorldDefiSummit. This is also a big marketing step. We are partners in terms of community.
PART 2 — Telegram Questions
Q1: Can you give an overview of the UTILITY of $PBR Token? What are the advantages we get when holding $PBR tokens? How do you Compete with other Projects in the polkadot network like PolkaFantasy, PolkaParty , etc. How will you make the PolkaBride Project a flagship project in the Polkadot network?
Benefits when you hold PBR
1. Join launchpad
2. Potential to increase price
3. Join governance
4. Stake and farm $PBR, earn more $PBR
We are a Defi Hub, it is the hub of Defi applications, this is an essential for crypto users.
Q2: Lets talk about PolkaBridge Launchpad. What is some of the criteria you’ll be using to determine which project are launched on PolkaBridge? What makes it different from other launchpad?
We select quality projects, based on the following criteria:
1. Team doxxed
2. Have MVP or Beta
3. There are big backers behind
4. Have a strong community
5. Reasonable Tokenomics Design
Our launchpad will include 2 rounds: 1st round for users who have participated in PBR staking and 2nd round for public community (if 1st round is not sold out)
Q3: How the method were applied to maintain and increases $PBR token price? and it seem Polkabridge team has biggest access to PBR token (marketing 20%, team 20%, and ecosystem 30%) which will unlocked after 30 months
Would you explain how to optimizing the usage of those allocation token?
About marketing fund: We will only use it for marketing activities, listing, staff salaries…
About Ecosystem fund: We will deduct 1M PBR monthly and burn it
Team fund: Unlock 25% every 6 months. This is a Foundation-only fund, and will only be sold when the market is highly liquid
Q4: PolkaBridge will be a bridge between Polkadot platform and other blockchains. Given that, I see in your roadmap that there are only 2 blockhains in plan which are ERC20 and also BEP20 (Smartchain). Will that be all to bridge or will you continue with other blockhains once you are done with these two? If yes, which ones choice are planned next?
We implemented staking on Polygon (layer 2 solution) to reduce transaction fees. You can participate in staking at https://stake.polkabridge.org (choose Matic Mainnet)
Polkadot is still the mainstream platform that we will aim for. When PolkaDot parachain officially launches (expected later this year), we will develop our application on PolkaDot ecosystem
Q5: Tell us about your plans for 2021, what are you currently working on, and are you going to expand the list of big exchanges?
We are focusing on perfecting Multichain AMM. It is the representative and very important product of PolkaBridge .
We are working with the Tier-1 exchange and expect to list by the end of this month .
That will hopefully be a breakthrough for the long-term development of PolkaBridge