We are pleased to announce our next AMA on September 10th 2021 at 03:00 PM UTC Time: Satoshi Club x PolkaBridge
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join PolkaBridge Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. PolkaBridge Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about PolkaBridge
For more details:
PolkaBridge Website – polkabridge.org
PolkaBridge Telegram – @polkabridgegroup
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello, I see your protocol is growing on many platforms and there are many other areas where the competition is fierce (lunchpad, amm, ..). What makes you special compared to other competitors, on which platform do you focus on developing?
With PolkaBridge, you can swap tokens on DOT platform to tokens on other chains and vice versa. This is great. So how many Blockchains has PolkaBridge integrated now to create a bridge between Polkadot and the chains? And does PolkaBridge plan to create the next bridge with Polkadot? Besides being able to “swap tokens” on PolkaBridge, what else can users do? And what is the most outstanding feature of PolkaBridge?
Polkabridge completed its first burn few days back, 8th September. I read from your website that this burn is to support the long-term development of PolkaBridge and incentive to increase the price of PBR. And you have decided to burn 1million PBR every month. How do you get these token to be burn? Is it totally deducted from the fund or you do a buy back mechanism burn? Aside this burn mechanism, how do you maintain circulating supply? Is there any redeem plan for polkabridge also?
One of the features of Polkabridge is the Multichain Launchpad system? How can you place Polkabridge above the other common launchpad systems like Poolz, Duckstarter, MantraDao? Many projects will be coming to polkabridge launchpad soon. Are there any criteria that required by a project to launch on polkabridge?
PolkaBridge has been operating as an Ethereum based decentralized all-in-one financial applications platform since inception. But yesterday, you issued a press release announcing the integration of PolkaBridge with Polygon in order to scale and provide a more friendly fees, as demanded by your users. This is a cheering news. Can you tell us the details of polygon integration? Will all the products offered on Ethereum which include AMM, farming, lending, a fundraising platform (launchpad) and prediction now be made available on Polygon? Also, how will users bridge and migrate their ERC-20 $PBR into Polygon? How will they partake in the high APY for $PBR staking which you plan to launch on polygon to mark this integration?
The development of PolkaBridge has been gaining momentum and its first priority is a smooth and hassle-free launch of its decentralized exchange “Multichain Automated Market Maker (AMM)”. They are currently present on the Ethereum blockchain and plan to incorporate the Polkadot blockchain in full once it is fully featured. However, their mission is to guarantee a wide compatibility and offer our product to diverse communities. What are they doing to achieve this wide compatibility so that more communities can access the project? Will they launch Ethereum’s full-stack scaling solution, Polygon? Why did they choose Ethereum and are they choosing Polkadot?
The PolkaBridge team is pleased to report on another successful quarter: the second quarter of 2021. They were able to launch a couple of high-quality Initial Decentralized Offerings (IDOs), create our CORGIB mascot and meme token, and we started the first betting platform that use. Can you tell us about his pet and CORGIB meme token? What characteristics does this pet and said token have? What does PolkaBridge hope to achieve with this meme token?
In June, the PolkaBridge team decided to launch a new project CORGIB, a meme project which is to be used to launch your NFT marketplace and prediction platform. Can you tell us more about CORGIB token and why you decided to go the meme path? Also, this token was used for betting prediction during the Euro Championship which ended 11th on July and after this, little activities has been developed around CORGIB. So what is the next direction for CORGIB? What other prediction activities do you plan this meme coin? When will users be able to use CORGIB to create, buy and sell in the NFT marketplace that you plan to create?
PolkaBridge currently has great support from the global user community. Most of the PolkaBridge users are from Europe, North America, China, India, Nigeria, and other Asian countries. The key to the success of the project is still the product. In addition, the marketing plan is also very important. To expand the market and present the project to more people. What is PolkaBrige doing to stimulate the growth of your community? Do you estimate to reach the complete globalization of the project? How will you encourage users to stay on PolkaBridge?
Your IDO launchpad was launched on April 13th. But ever since than, you have only launched 5 IDOs project (4 Ethereum and 1 BSC-based project). How successful was the previous sales that has been launched on your platform and how much have your launchpad been able to raised in total for projects? How do you onboard projects into your launchpad and why are you not having too many regular IDOs on your launchpad like some other fundraising platform? Also, how has $PBR holders benefited from your launchpad and how are users whitelisted to join your sales?
The biggest issue with most DEXs today is slippage and transaction fees. How does PolkaBridge project itself to be a cutting edge MMA? How will PolkaBridge solve the main problems of DEX and MMA? What solutions will PolkaBridge provide to project itself as an Innovative platform compared to its competitors?
On your Whitepaper, you give an example of a cross-chain swap, through a liquidity pool. Basically, the example said, one user would swap their ETH, and get another coin in return. However, as we all know, volatility for coins such as ETH and BTC is extremely high. So I’d like to know what are the risks of this method, what is the transaction speed, for how long can the price be locked? Do users get to choose to use stablecoins for the swap?
On your Whitepaper, I could see PolkaBridge Lending is coming soon. Nowadays many lending protocols are around, and they offer truly impressive features, like being able to borrow instantly, or extra security, etc. Would you tell us what are some innovative features your lending service will offer? What would be the requirements for users to borrow on your platform? Also, partnerships would be important for this feature, whether it is for security or insurance, so would you let us know what are your specific plans regarding this?
I read on your website that among the benefits that PBR token holders receive, there is a very important one, since it gives us the opportunity to participate in IDOs of projects by holding PBR Tokens. Perhaps there are limited places and not all holders can participate, in that case, how would the users who will participate be selected? Will users who don’t have a specified amount of PBR tokens be excluded? What other exclusion criteria will there be?
PolkaBridge offers a cutting-edge AMM, which redistributes earnings to pools and capitalizes on user slippages.Major downsides that is currently happening in AMMs is impermanent loss, slippage and transaction.You said you offer a cutting edge AMM,what are the cutting-edge AMM you offer on your platform?How do you try to offer solutions that affect AMMs today?Will you use any oracle like Chainlink that has proven to be time-tested oracle solution to many decentralized applications to offer solution that affect AMMs today?
In the Digital and Crypto world NFT is gaining an enormous amount of popularity,though I didn’t see NFT as part of your roadmap but I am curious to ask.Since many platforms are integrating the use of NFTs asset set up as a collateral and many crypto investors are becoming addicted to it .My question is, As PolkaBridge is into Lending and Borrowing will you and your team integrate NFTs in the future allowing borrowers to unlock liquidity from their crypto collectibles?If you have plans of doing that,what kind of NFT collections do you intend having?
As we well know with PolkaBridge, tokens can be exchanged on the DOT platform for tokens on other chains and vice versa. My question is, will users be able to make any profit by adding liquidity? Will users be able to get other earnings by adding loans to their wallet? What other helpful benefits could I get from using PolkaBridge?
With PolkaBridge, tokens on the DOT platform can be exchanged for tokens on other chains and vice versa. I also read that users will be able to earn by adding liquidity, lending, farming and more in other ways simply. In terms of tokens that will be exchangeable for DOT, what are the main currencies that will be supported and available for exchange with DOT within PolkaBridge? What are the types of rewards that users using your platform will get from adding liquidity and trading with PolkaBridge?
PolkaBridge’s development has been gaining momentum and its first priority is a smooth and seamless launch of our decentralized exchange. Currently, they are present on the Ethereum blockchain and plan to incorporate the Polkadot blockchain fully, but I also read of their plan to integrate with Polygon. What are the reasons you have chosen Polygon’s network to further boost PolkaBridge? This Polygon-Ethereum-Polkadot combination, what benefits will it bring to your ecosystem and to the users and investors who are currently part of the project?
Polkabridge has on its platform a Prediction Feature where users can Participate in predicting the market and receive rewards for being correct. how does this your predicting feature work, what are users predicting on or about, what is the requirement for participating in the prediction market and what will be the rewards for users who get accurate predictions in PolkaBridge’s Predicting market..
One of the solutions PolkaBridge will be implementing on its platform to maximize its security, apart from a Smart contract audit, and to Immediately pause the contract system in the case of something going wrong, is that a reserve fund will be made available for compensation if any loss occurs. There was no mention of this reserve fund in your tokenomics, so where will this reserve funds be coming from, and how will the reserve fund be maintained, will this reserve fund act as insurance, what kinds of losses in polkaBridge will this reserve fund be used to cover up for…
Polkabridge is said to be implementing a cutting-edge AMM, which redistributes earnings to pools and capitalizes on user slippage.. So what are the features of the Polkabridge AMM, and how does this AMM Capitalize on user slippage to redistribute earnings to pools.
You mentioned that PBR holders have the right to vote to change parameters, features and developmental roadmaps of the PolkaBridge ecosystem in the future. When you say in the future, approximately how long would it be? When will this feature be released? How many PBR tokens must we have to have the right to vote to change parameters? What parameters can be modified by the community? Can you share some examples with us?
Hello PolkaBridge team! The PBR token plays a very, very important role within the PolkaBridge ecosystem. It gives holders the opportunity to participate in future projects on the PolkaBridge Launchpad. I read that a user must lock a certain amount of PBR to farm lottery tickets. How much is that specific amount? How long before the launchpad do we have to lock the PBRs in order to win lottery tickets? How long will those PBR tokens be locked up? Thank you!
With Polkadot been the preferred chain of the PolkaBridge project, you plan to do a lot of product integrations on the Polkadot chain, all slated for Q4 2021. This integrations are; migration to MoonBeam parachain and the integrations of your DeFi applications with Polkadot. Can you talk more on this important integrations, how would the Polkadot chain offer a better staking, Farming, AMM and launchpad service for PolkaBridge, and what are the benefits of migrations to the MoonBeam parachain? Also since these planned integrations are a prelude to your crosschain AMM launch, can you briefly talk about this?
A unique DeFi feature offered by the PolkaBridge DEX is Deflationary farming. Even as this farming program has similar operations and features with most of farming and staking programs offered by other projects, I however noticed some specific differences which were not so clear to my understanding. Therefore, can you properly explain the features of your deflationary farming program, how is it more efficient and profitable to investors, how are the expected rewards calculated for each farming pool, and how many pools would be available for Liquidity Providers to farm on?
Congratualtions on auditing your platform with the renowned service, CertiK. However, according to the report, two findings are yet to be resolved. The audit was requested on 16th of March and was revised on 22nd of the same Month. It shows that the remaining issues are not solved even after five months. What is the reason for neglecting those findings? Do you assure that PolkaBridge is safe despite these issues?
On PolkaBridge, users can swap tokens on DOT platform to tokens on other chains and vice versa. How did you come up with this idea? Is there a special reason to choose DOT platform? Is it only because DOT has become a fresh trend? Do you have any idea to expand this feature into more platforms in the future?
Please explain about your launchpad. You have indicated that users can participate in fundamentally strong projects on the launchpad. How do you choose projects to launch? Will it be done by a team of experts? After launching a project, do you take the responsibility? Currently, there are an array of scams among fresh projects. How do you identify them?
Considering that PolkaBridge can exchange tokens on the DOT platform for tokens on other chains and vice versa and with a simple and fast interface, then how do they guarantee security and protection to users?
Considering that PolkaBridge interact with so many chain at the same time, how do you guarantee the enough security ? Do you audited all contracts first?
Considering that PolkaBridge have so many experience with a lot of Defi services, like Staking, lending , borrowing and more, have you considered integrate NFTs?
Already $PBR has been listed on QuickSwap on 07th of September with a initial price of 0.5$. At what rate, Should I set the slippage to buy $PBR? How much did you fundraise within last 2 days through this listing? What will you do with that funds, Will they be locked for a certain period? What was the $PBR allocation for QuickSwap Listing? What will be the next Exchanges, you intend to list $PBR?
13th- 19th of September, PolkaBridge plans to release MultiChain AMM V1 (Support Swap ERC20 token) & MultiChain AMM V2 (Support Swap BEP20 token & Polygon Token) will release in end of September. Can you tell us more details about this interesting Swap system? How will be the efficiency of those AMM versions? How will be the Swap fees on both AMM versions? Can Users exchanege any kind of ERC20, BEP20 tokens through this Swaps? What are the main liquidity pools that you use to maintain adequate liquidity in these AMMs?
I read that PolkaBridge integrates with Polygon Full stack Scaling Solution. Can you provide a better explanation on Polygon Scaling Solution? Doesn’t Ethereum blockchain functionalities work well since the gas fee problem & higher processing time? Will you be able to avoid these issues by Polygon Stack Scaling Solution? What kind of user experience, will Polygon Scaling Solution offer to the PolkaBridge Community? And I also read, you are to onboard the Polkadot network when it launches all the functionalities. Is it true? So will You totally build PolkaBridge on Polkadot network in future? What will be the Benefits, after rebuilding of PolkaBridge ecosystem on Polkadot network?
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 advance 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? Thank you
PolkaBridge allows you to exchange tokens on the DOT platform, but my question is which tokens can I exchange has a link to know the list, and what are the chains that I can use? As a newbie in the crypto ecosystem, I would like to know more about the creators how it works PolkaBridge, and I think that many are like me learning and would like to know the functions of PolkaBridge, how secure is your system in smart contracts? is PolkaBridge fully decentralized? What are the benefits of the user when starting in PolkaBridge, since they mention that users will be able to earn by adding liquidity, loans, agriculture and more, how to get the most out of this last point, you can give us an explanation to better understand the PolkaBridge functions
PolkaBridge have amazing partnerships such as China Polka, UNI FARM, Inverse, Casper etc.. How was the contribution from your proud partners in developing PolkaBridge ecosystem from Zero to hundred level? What kind of benefits, Do you gain through these strategic partnerships? What are the achievements, you have accomplished through these collaborations at the moment? Please Share with us about your most important partnerships currently you collborated with? Will there be more collaborations in PolkaBridge ecosystem?
Greetings PolkaBridge, I want to start on your platform, but I do not have $ PBR token, where can I get them at the moment and what is their value? What is my benefit within PolkaBridge to have PBR token, can I pay commission fees with PBR token? I have the opportunity to participate in IDO projects, just by having the token? You can explain more about the functionality of the token and how to use it correctly.
You built a bond with PolkaWar & CORGIB platforms Which is more popular for NFTs. So I want to know, Will you integrate NFTs in to PolkaBridge ecosystem with the help of PolkaWar & CORGIB platforms? If yes, What kind of NFTs, Will you offer to the $PBR Community? Will you & your team Create NFTs by yourself or Will you allow the Community artists also to involve in NFTs creating works? What kind of real world benefits, Will Your NFTs have? How about the NFT evaluation process, Will CORGIB & PolkaWar platforms support you in evaluation process? Will your NFTs be available on PolkaWar & CORGIB NFT marketplaces in future?
Regardless of the amount that is dragged from the previous month, 1,000,000 more chips will be unlocked or in total between what comes, the remainder is added to complete the 1,000,000 PBR of the respective month? What are the characteristics that most define it as Multicadena AMM (Ethereum, Binance Smart Chain, Polygon), why did the PBR migration to MoonBeam parachain originate?
PolkaBridge has been audited by CERTIK audit firm & the audit report Shows that there are no bugs on your Smart Contract. This is a good sign for PolkaBridge platform which has already aquired more attention of various Communities. Will you do more audits in future in order to liquidate more transparency within PolkaBridge ecosystem? When will be your Next audit? Will you hire CERTIK again for your upcoming Audits or Will you try with Hacken, Quantstamp etc..?
In how many systems can we find PolkaBridge, is there an application or is it a web page, if so, what is the difference between the app and the web. What functions does each one of them fulfill? Explain to us about these points, since many like to work from their phone and others from the PC, your road map shows for Q2, 2022 loan and prediction, what it refers to, since there is little information I saw about loans and prediction on your website, could you give us more details about Q2, 2022
What do you consider to be the main advantage of being a multi-chain project, and what should be the characteristics that should be considered for the objective choice of the component chains, for when you estimate the launch of Crosschain AMM, tell us about the Loan services Prediction, consider joining the dynamic wave of the NFT and its many facets?
PolkaBridge is said to provide an insurance fund for it’s users as a way of ensuring the security of their investment through A reserve fund for compensation if any loss occurs. How will this be implemented and who will be eligible for this reserve fund compensation? Is there a % of loss this reserve fund will be able to cover? What other security measures is PolkaBridge putting in place to ensure the security and safety of your users fund and the ecosystem generally?
PolkaBridge IDO Launchpad avail PBR token holders with an opportunity to participate in promising projects, at an early stage and achieve significant ROIs. What are your platforms vetting process and how thorough is it, in order to maintain the integrity of your platform and Protect you community members from rug pull and ensure that only projects with good business viability get listed for PolkaBridge Launchpad? Does your community members have voting power or part in decision making for projects listed on the launchpad?
Could you explain why PolkaBridge needs to use two smart contracts that run in parallel to exchange, which PolkaBridge proposes to implement to maximize its security and solve the milestones and vulnerabilities that DeFi has not been able to do so far, why the transaction fees are destined for 2 swimming pools, do these bring any advantage to the project?
When we consider the current period, communities are of great importance for projects and communities established in different regions both provide interesting ideas to projects and can provide great partnerships after them. What does community mean to PolkaBridge? Does your platform have existing partners, have you recently formed large partnerships or are you in negotiations for these partnerships?
Is your $PBR token a deflationary token, what will that mean to us? Can you give some information about the usage status of $PBR? Can you tell us about which blockchain network $PBR is integrated into?
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?
In the project POLKABRIDGE, 90% is shared for farmers and 10% burned, $ PBR Token, what rewards can PBR token holders get?