No one can deny the Polkadot ecosystem is attracting developers from all over the world. As this technology lends itself well to build new DApps, now is an excellent time to see which projects are under development. All of these concepts will help advance this ecosystem in the months and years to come.
The Polkamarkets platform aims to create gamified prediction markets by leveraging decentralized finance, NFTs, and Polkadot’s technology. This new prediction market prioritizes cross-chain information exchange and trading. Users can wager on the outcome of real-world events and monetize their forecasts. There’s also a focus on entertainment features of NFTs, live streaming for sports and Esports, and crypto price changes.
In future iterations of Polkamarkets, liquidity provision 2.0, stablecoin integration, and cross-chain fractions trading will be unlocked. All of these features will bring more value to this decentralized prediction market project. It is worth noting that liquidity providers and forecasters will earn POLK, the platform’s utility token.
As a permissionless protocol governed by its community, Polkalaunch wants to serve as a cross-chain trading solution. Polkalaunch offers a competitive swap environment and microcap launchpad for projects looking to raise capital in a decentralized manner. Whether that is through an IDO or ITO, the options will be accessible to all teams.
It is also interesting to note how Polkalaunch aims to bridge the gap between Polkadot and Ethereum. As the platform gains more recognition, the community will be able to vote on new trading markets to create extra cross-chain liquidity.
No blockchain ecosystem is complete without at least one project focusing on memes. For Polkadot, that platform will be Chads.VC. With its native deflationary MEME token – dubbed CHAD – it will be a “social experiment” to teach people how to trade memes in this industry. An exciting concept that will migrate from Ethereum to Polkadot once the Moonbeam parent chain goes live.
Since its inception, MANTRA DAO has received a lot of attention from enthusiasts and supporters. Building a community-governed DeFi platform with staking, lending, and governance aspects on Polkadot is no easy feat. By leveraging the wisdom of the crowd, a transparent and decentralized solution has been established.
The staking aspect of MANTRA DAO is non-custodial, empowering users to maintain their assets at their leisure. For lending and borrowing, MANTRA DAO uses open source and proprietary protocols with cross-chain and multi-asset support. The project also has a reputation mechanism to reward users for positive contributions.
As a non-custodial cross-chain AMM DEX built on Polkadot, Polkaswap currently runs on the SORA 2.0 network. It provides virtually limitless liquidity through its Aggregate Liquidity Technology. Although the Polkaswap platform is not live yet, users can play around with it on the testnet. The mainnet launch is slated for Q1 2021, including an Ethereum bridge and security audit.
Later this year, there will be an updated version with more advanced features. The team will also present a long-term technical roadmap, confirming there may be plenty of future changes and improvements on the horizon. Its native PSWAP token will be offered as rewards to participants in Kusama and Polkadot auctions. The team will provide further distribution details.
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