PolkaBridge March 2022 Update
The month of March will mark the milestone ending Q1, 2022 has been a great month for PolkaBridge and I will be highlighting the achievements of Polkabridge in March
Polkabridge has successfully launched their AMM v2, Initial NFT Offering (INO) platform, burning of 1 million PBR, secured a strategic partnership with Ancient Kingdom NFT project, PBR integration for hotel bookings in Nigeria, and announcement of peer to peer (P2P) decentralized exchange that will give people the access to exchange their crypto assets to fiat and vice versa.
PolkaBridge AMMv2 Launch
PolkaBridge has successfully launched the second iteration of its automated market maker (AMM) on Mar 08
The team has taken this step because they believe that AMM is the cornerstone of their Defi strategy and they have provided the ability to add more user pools and provide liquidity, apart from the base PBR-ETH and ETH-USDT pools. Presently, the project total value locked (TVL) is $289,870.
During the AMM upgrade, there was a slight change to enhance farming APY on both PBR-ETH and ETH-USDT pools, such as interface modification into a sleek and clean look to give users a more friendly experience. Polkabridge now gives a better analytics with Graph API, resulting in a smooth and meaningful data delivery experience for the users.
PBR Monthly Burn
PolkaBridge has successfully burn 1 million PBR tokens completely off the market as they use to do every month. On March 2022 another 1,000,000 PBR tokens worth $300,000 as at the time of burning were burned in the 8th PBR burn. This has been a great strategy to reduce the circulating supply and return value to PBR holders. Presently only 80M PBR tokens is left in circulation.
PolkaBridge Initial NFT Offering (INO) Platform Launch
PolkaBridge Initial NFT Offering (INO) has been one of the long-awaited events everyone has been expecting from the roadmap which is a launchpad for NFT projects and was launched on the 14th of March.
With the polkabridge INO, Investors will have access to a limited edition of NFTs, low minting fees, liquidity for artists and teams, interactive UI, development of future financial utility around NFTs, and a transparent process to allow a greater return on investment (ROI).
PolkaBridge Partnership With Ancient KingDom
PolkaBridge has partnered with Ancient KingDom NFT project for their NFT loot boxes offering on our Initial NFT Offering (INO) platform, so our community can get early access to the first ancient martial arts game on the blockchain.
PolkaBridge Partnership With HarmoneyLauncher
PolkaBridge wants to become a complete suit in DeFi/NFT world for all blockchains. Therefore securing a strategically partnership with the HarmoneyLauncher on Mar 31 — an initial decentralized offering (IDO) and initial game offering (IGO) plus automated market maker (AMM) platform, which functions on the Harmony blockchain.
The aim of this partnership is to enhance Community Growth Acceleration to find numerous ways to accelerate the community growth and strength both the PolkaBridge and Harmony Launcher communities with organic members.
Nomad Exiles IDO On PolkaBridge
Nomad Exiles — an upcoming blockchain based RPG game with NFTs and free to play mechanics had their IDO on polkabridge launchpad. The IDO was successfully sold out in less than an hour. The salient part is that Nomad Exiles is already an established game with more than a million installations on mobile devices already.
PolkaBridge Introduces New Product — Decentralized P2P Exchange
PolkaBridge is also planning to launch a peer 2 peer (P2P) decentralized exchange, where users can simply exchange crypto-assets without having to rely on centralized exchanges and KYC procedures. This is our attempt in enhancing decentralization and giving users more choices to securely initiate/complete FIAT- crypto conversions. It’s still in the concept stages, but we are expecting good progress on it in the coming months.
PolkaBridge is a decentralized all-in-one financial application platform. The PolkaBridge ecosystem is expected to include multi-chain & cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in the center.
❇️ Website: https://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
❇️ Coingecko https://www.coingecko.com/en/coins/polkabridge
❇️ Coinmarketcap https://coinmarketcap.com/currencies/polkabridge/