The much-anticipated PolyDEX finally goes live on Cryption Network. PolyDEX will totally revolutionize how investing in the cryptocurrency space is carried out.
According to decentralized crypto adoption platform, Cryption network, PolyDEX will – to a large extent – propound workable solutions to the challenges facing the crypto, and DeFi space. While the blockchain, crypto, and DeFi space truly remains an amazing innovation, it is still basically nascent. This means we expect to come across more challenges in trying to harness the full potential of this innovative sphere.
PolyDEX is interested in revealing the challenges embedded in the crypto and DeFi space while also propounding solutions to these challenges. The recently launched platform will also facilitate adoption through its gasless, cross-chain automated market-maker (AMM) decentralized exchange (DEX) platform.
Launched on Cryption Network, PolyDEX will bring to life several important features aimed at making investing in the crypto space both seamless, and easy to use. This, in turn, is sure to boost adoption for the entire crypto, DeFi, DEX, and blockchain space.
Some of its important features include:
- User-Friendly – Most Dapps and platforms suffer from complex UI making it difficult for users with little experience in the crypto space to invest, and participate in the crypto space. PolyDEX instead boasts a top-notch user-friendly UI; providing investors with easy-to-use and seamless transition into the crypto space.
- Gasless Transactions – As compared to Ethereum-based transactions which require exorbitant gas fees, PolyDEX transactions are completely gas-free.
- Initial Farm Offerings (IFO) – PolyDEX can also be employed to help boost liquidity, therefore, attracting more liquidity providers.
- Cross-Chain Swaps – On PolyDEX users can easily swap their assets across popular chains like Ethereum, Polygon, and some supported Layer 1 (L1) chains.
- One-Sided Liquidity – User will only one side of a token pair can still invest, add liquidity, participate in farming, and subsequently earn rewards.
- Weekly Burns – The recently launched PolyDEX platform will also carry out token burn events on a weekly basis. This will help ensure CNT tokens remain deflationary.
Other important features of the recently launched PolyDEX are Elastic farming (using PolyDEX’s TWAP) and High interaction with Cryption Network products. The PolyDEX launch also brings Cryption network one step closer to achieving its vision of being a one-stop platform for everything crypto.
About Cryption Network
Cryption Network is out to improve access and interoperability in the crypto space. Completely simplifying the way interested persons invest in the crypto space. Its recently launched PolyDEX is equipped with several user-friendly products like L2 swap, deflation of CNT tokens, Seer, Ether Rush, DeFi Stack, NFTs, its Cryption App, Elastic farming, etc.
At the time of publication, CNT was trading at $0.628041 with a market cap of $4,613,650, and a 24-hour trading volume of $198,313. The token price is also up by 63.5% over the last 24 hours.