Genesis Block Ventures Invests in Decentralized Exchange Polkadex

Full-service investment company Genesis Block Ventures (GBV) announces an investment in Polkadex, a decentralized, peer-to-peer cryptocurrency exchange for the DeFi ecosystem powered in Substrate.

Polkadex is an open source, decentralized exchange platform made using Substrate blockchain framework that provides traders with the centralized user experience. It enables high-frequency trading, high liquidity, and lightning-fast transaction speed for supporting DeFi applications.

 

With a vision to build the perfect decentralized exchange, Polkadex enables high-frequency trading using feeless transactions, APIs that enable trading/AMM bots, as well as advanced trading features like market limit, stop loss, etc. 

 

Additionally, proper decentralization and interoperability are achieved at Polkadex by having a parachain in Polkadot that brings in liquidity from other blockchains and also using Snowfork protocol that connects directly to the Ethereum network. This helps bring any blockchain token to Polkadex in a non-custodial and trustless manner. 

DEX for DeFi Ecosystem in Substrate

Polkadex has released its testnet version 2.0 in mid-January, 2021. Further developments will include the integration of its proprietary distributed consensus algorithm code named Pebble. The upgrade, which will help to scale Polkadex’s transaction throughput from 300 TPS (current testnet) to over 20,000 TPS, will be part of the roadmap in 2021-22.

 

Polkadex has already established strong partnerships with notable institutions and industry leaders including Moon Inc., CMS Holdings, Existential Capital, and AU21 Capital, among others. Polkadex is also supported by the Open Grants Program launched by Web3 Foundation, a Swiss Foundation founded to facilitate a fully functional and user-friendly decentralized web.

 

As an investment company with a mission of building the future through blockchain, Genesis Block Ventures has built a wide-reaching, vibrant blockchain ecosystem, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects. 

 

Through the investment, Genesis Block Ventures will help further expand Polkadex’s opportunities in the DeFi space. We are delighted to participate in Polkadex’s exciting journey to be the ultimate trading engine for Web 3.0 and DeFi. 

About Polkadex

Polkadex is an open source, decentralized exchange platform made using Substrate blockchain framework that provides traders with the centralized user experience. It enables high-frequency trading, high liquidity, and lightning-fast transaction speed for supporting DeFi applications.

 

Trustless cross-chain bridges, with Polkadot through Parachain and Ethereum through Snowfork, help bring any blockchain token to Polkadex in a non-custodial and trustless manner. Polkadex is built for the future, making it possible to integrate with other liquidity providers using forkless upgrades. 

About Genesis Block Ventures

Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center. 

 

As a private investment company with a mission of building the future through blockchain, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects. 

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