How Investors can participate in Polkabridge IDO
How to Apply for Polkabridge IDO
Decentralized Finance (DeFi) are financial applications built on blockchain
technologies, and are using smart contracts. It gives people clarity and control over their money and also exposes them to global markets and alternatives to local currency or banking options.
DeFi products allow anyone with an internet connection to access financial services and they are maintained by their users. Most of these financial services can be found on the Ethereum network, the second-largest cryptocurrency marketplace, which also acts as a platform that allows other blockchain apps to be built on it.
Polkabridge is a blockchain protocol that allows users to experience all DeFi
applications on many platforms in one place. In this article, I will be explaining how to apply for Polkabridge IDO!
What is Polkabridge?
Polkabridge is a multi chain decentralized all-in-one financial application platform designed to serve as a bridge between polkadot and other blockchains. It currently operates on the Ethereum blockchain and is planning to move to the Polkadot blockchain, in the near future. Polkabridge was created to be an equipment for the unification of all blockchain into a single network based on polkadot.
The most recognized product of PolkaBridge is PolkaBridge DEX. It is a
decentralized exchange that allows users to swap tokens on Polkadot for tokens on other blockchain platforms (and vice versa) without going through any third party.
The PolkaBridge Ecosystem is expected to include multichain and cross-chain AMM, farming platform, lending, launchpad, prediction, NFT, and many more.
It is an initial Decentralized offering (IDO) platform that is created to incubate
promising projects and also to allow PBR holders to take part in early stage
How to apply for Polkabridge IDO
There are two stages for every initial decentralized offering (IDO) which are; public and private pools. The first and the main stage is for users staking PBR, who are qualified to get the larger part of the allocation. The IDO proceeds to the public round, if the first round isn ’ t sold out and everyone is allowed to participate. The following stages are involved in order to participate.
Once an active IDO is opened, the interface would display the important information. There is an option to join the pool and to confirm the compatible blockchain explorer for more information about the token for sale. If eligible, Click Join Pool and prepare to participate.
The interface shows the PBR amount staked and the maximum amount that is available for the purchase. Users can choose the amount that they want to invest and know the corresponding token to be received in return, based on the ratio, then click Join Pool again.
The MetaMask prompt will appear asking to confirm the transaction. Click confirm and authorize the transaction if a hardware wallet is being used. Once it’s confirmed on the blockchain, the tokens will appear, if the allocation is secured successfully. There will be countdown timer displayed below showing the time remaining for the tokens to be claimed. Once the timer strikes zero, the tokens will be through a simple transaction.
After completing all these stages, the user has successfully participated in the initial decentralized offering (IDO) and bought tokens from a promising project.
Polkabridge Important Resource links
● 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
● CoinMarketcap https://coinmarketcap.com/currencies/polkabridge
● Coingecko https://www.coingecko.com/en/coins/polkabridge