PolkaBridge x QuickSwap AMA Recap
PART 1 — HOST QUESTIONS
Q1: Would you please introduce yourself to the chat & share a quick overview about PolkaBridge?
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
Website: https://polkabridge.org
Telegram: https://t.me/polkabridgegroup
Twitter: https://twitter.com/realpolkabridge
Reddit: https://www.reddit.com/r/polkabridge_official/
Github: https://github.com/cyclese96
Coingecko https://www.coingecko.com/en/coins/polkabridge
Coinmarketcap https://coinmarketcap.com/currencies/polkabridge/
Q2: Can you briefly introduce PolkaBridge? What are the highlights of PolkaBridge?
Cyclese | CEO & Co-Founder PolkaBridge
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 ecosystes.
Q3: What are some achievements that PolkaBridge has already completed, and what are the upcoming plans?
Cyclese | CEO & Co-Founder PolkaBridge
Over the past 8 months, these are the achievements we have achieved. TVL has surpassed 5 million dollars, with more than 100 thousand investors and users. Our Products
- Multichain Staking (BSC, ETH) http://stake.polkabridge.org/
- Deflationary Farming https://farm.polkabridge.org/
- Multichain Launchpad (BSC, ETH) https://launchpad.polkabridge.org/
- Multichain AMM (BSC, ETH, Polygon, PolkaDot) (coming soon this month)
We have just finished integrating Polygon. Next week we will launch Multichain AMM, launched on Ethereum first . And we will integrate MoonBeam parachain to our product. Certik is auditing our AMM contract , which 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.
Q4: Can you share about $PBR tokenomics and the benefits of holding $PBR?
Cyclese | CEO & Co-Founder PolkaBridge
PBR is a special project, as we don’t have a private sale or a seed sale. PolkaBridge IDO took place in January 2021,total raised 200k$, IDO price 0.015$ , 100% unlocked at that time. We don’t have allocation for private sale, or seed sale or presale.
Marketing fund: 20%, release 1M per month
Ecosystem fund: 30%, release 1M per month
https://www.coingecko.com/en/coins/polkabridge
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 the farming pool, as a reward for farmers. Every month, we also burn 1M PBR to encourage the long-term growth and development of the project.
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: Why is PolkaBridge focused on building and developing Multichain AMM and Cross-chain AMM products?
Cyclese | CEO & Co-Founder PolkaBridge
Like I said, there are a lot of ecosystems being created right now. Each ecosystem has its own advantages and disadvantages. But that also brings trouble and complexity to users, when they have to use too many applications (AMM, Lending, Borrow, Staking…). And there is a question, how can blockchains communicMultichain AMM allows users to swap multiple tokens on different blockchain platforms. For example, they can swap ERC20 tokens with each other,
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. They don’t need Uniswap or PancakeSwap anymore. Of course we will try to resolve the liquidity problem by promoting our AMM to more users and investors, projects…
This is how our AMM works. The transaction fee is only 0.2% and will use 20% of it to buyback and burn PBR. 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. CrossChain AMM is expected to launch next year.
Q6: What important partners does PolkaBridge have?
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.
PART 2 — Telegram Questions
Q1: Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Cyclese | CEO & Co-Founder PolkaBridge
Every month, we also burn 1M PBR to encourage the long-term growth and development of the project .
And deflation burning will run forever
Q2: i hear that PolkaBridge just launch new development about Multichain Automated Market Maker (AMM) DEX, could you explain more detail about this feature ? what chain that you support?
Cyclese | CEO & Co-Founder PolkaBridge
Multichain AMM allows users to swap multiple tokens on different blockchain platforms. For example, they can swap ERC20 tokens with each other, BEP20 tokens with each other… just in one place. They don’t need Uniswap or PancakeSwap anymore.
First time we will support Ethereum , after that we will support BSC and Polygon. And we will also support Polkadot, Solona in the future
Q3: What was the biggest milestone your project has? What is plan in the future ?
Cyclese | CEO & Co-Founder PolkaBridge
Summary of our achievements:
+ TVL >5M$
+ Partners: more than 10 potential partners
+ Users & Investors: > 100k
Q4: Where Can I buy your tokens right now and also which wallet support your token?
Cyclese | CEO & Co-Founder PolkaBridge
You can buy $PBR token here:
❇️ Uniswap: https://app.uniswap.org/#/swap?inputCurrency=0x298d492e8c1d909d3f63bc4a36c66c64acb3d695
❇️ QuickSwap: https://quickswap.exchange/#/swap?outputCurrency=0x0d6ae2a429df13e44a07cd2969e085e4833f64a0
❇️ MXC Exchange: https://www.mexc.com/exchange/PBR_USDT
❇️ Gate Exchange: https://www.gate.io/en/trade/PBR_USDT
Q5: Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?
Cyclese | CEO & Co-Founder PolkaBridge
Unlike other Defi platforms, we always have a reserve fund to compensate users when something goes wrong such as hacking, scam IDO projects…
The most recent time in May, we compensated players for participating in a scam IDO project, with a total reward of up to 100k$.
In addition, our contracts have been audited by Certik, so there are no problems
https://certik.org/projects/polkabridge
Q6: Greetings @cyclese_polkabridge !!
On your roadmap Q4 2021, you plan to migrate $PBR to MoonBeam parachain and you will integrate PolkaDot into PolkaBridge DEFI application AMM, Staking, Farming, LaunchPad.
So, why do you decide to migrate $PBR to MoonBeam? What are the advantages of MoonBeam? Can you tell us an advanced idea more about the migration of $PBR to MoonBeam?
As you will integrate PolkaDot into PolkaBridge DEFI application AMM, Staking, Farming, LaunchPad, what do you think will be the outcome upon bridging to Polkadot? Why do you need to integrate Polkadot and not launch your own Staking, Farming, LaunchPad in your platform?
Could you explain more the mechanism of Staking, Farming, LaunchPad upon integrating to Polkadot?
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.
Q7: I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ?
Cyclese | CEO & Co-Founder PolkaBridge
You can read more at https://polkabridge.medium.com/introducing-the-polkabridge-ambassadors-program-pap-7af654caffe4
Q8: Does your platform allow for different cross-chain swaps? Does PolkaBridge platform need any parachain slots? Why did PolkaBridge choose Polkadot, do you plan to integrate into different networks in the future?
Cyclese | CEO & Co-Founder PolkaBridge
Cross-chain swap is an important product of PolkaBridge and it is also the future of Defi .
We do not participate in the parachain auction but connect to Polkadot through MoonBeam parachain
Polkadot is a blockchain with many highlights and one of them is the feature that allows connecting multiple blockchain platforms together.
Q9: NFTs is hot trending now, Do you have a play to have NFTs in your platform? If so, can you tell us yhe plans of your project in NFTs?
Cyclese | CEO & Co-Founder PolkaBridge
PolkaBridge don’t develop NFT. But PolkaWar is a project in the PolkaBridge ecosystem and it’s about Gaming and NFT. You can learn more here https://polkawar.com/
Q10: What is Your project revenue model and what are the ways to make profit?
Cyclese | CEO & Co-Founder PolkaBridge
The project’s revenue comes from token sales, IDO fees, and soon transaction fees on AMM.
PART 3 — Quiz Questions
Q1: What is PolkaBridge?
A. A multichain & Cross-Chain Defi Application
B. A lending Platform
C. An NFT Platform
D. A Real Estate Platform
Q2: What are PolkaBridge’s current products?
A. Multichain Staking
B. Deflationary Farming
C. Multichain Launchpad
D. All of the above
Q3: Who is PolkaBridge’s partner?
A. Casper Labs
B. Finance LABS
C. Deeper Network
D. All of the above
Q4: What is PolkaBridge’s upcoming September product?
A. Lending platform
B. Multichain AMM
C. Cross-Chain AMM
D. Gaming
Q5: According to the plan, how many PBR tokens will the team burn each month?
A. 100k PBR
B. 500k PBR
C. 1M PBR
D. 1.5M PBR
