AMA Recap

PolkaBridge AMA Recap

  • November 19, 2021

PolkaBridge is a decentralized multichain all-in-one financial application platform. It will include AMM, farming, lending, launchpad, prediction, NFT, and more.

On November 17, Cyclese, CEO and Co-Founder of PolkaBridge joined us to answer our questions.

Cyclese, CEO and Co-Founder of PolkaBridge

Before I created PolkaBridge, I was a web and mobile developer with 5 years of experience in a blockchain company. I participated in investing in the cryptocurrency market in 2017, so I have so much experience in cryptocurrency investment.

Questions from the CryptoRank team

#1. Can you tell us about PolkaBridge? What problems do you solve, both in the space and for the community?

Cyclese: – PolkaBridge is a decentralized all-in-one financial application platform. The PolkaBridge ecosystem is expected to include Multichain & Cross-Chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in the center.

The feature of PolkaBridge is the Defi Multichain and Cross-chain applications. Today, there are many new and potential ecosystems, so users who want to use the platforms of each ecosystem must use many different application systems. PolkaBridge was born to solve that problem.

#2. Could you briefly describe the milestones PolkaBridge has achieved, and about your upcoming plans?

Cyclese: – Over the past 11 months, these are the achievements we have achieved. TVL has surpassed 30 million dollars, with more than 100 thousand investors and users. Our Products:

PolkaBridge Q4 Timeline:

Our remaining goal is to integrate multiple chains into our product. Coming soon will be Binance Smart Chain, MoonRiver, OEC, Polygon, Harmony into AMM.

Questions from Twitter

#1. I always love to ask about staking programs for a great project. Do you have any staking programs or any other incentives for community members of the project?

Cyclese: – PolkaBridge Staking Platform has supported 4 chains: Ethereum, BSC, Polygon, Harmony. You can join staking here https://stake.polkabridge.org/

Hold PBR Token And Earn With Incentive Programs. Read more here https://polkabridge.medium.com/hold-pbr-token-and-earn-with-an-incentive-program-db2504852e4b

#2. Do you have any NFT plans and their integration ahead in the roadmap? Also, do you have any passive income options and incentivization rewards for a long-term holder?

Cyclese: – About GameFi, Metaverse, and NFT, we developed PolkaWar project. You can learn more about PolkaWar at https://polkawar.com/. In the near future, PolkaBridge will also launch a new product, INO (Initial NFT Offering). Read more about the PolkaBridge INO platform: https://polkabridge.medium.com/polkabridge-launches-initial-nft-offering-ino-platform-for-crowdfunding-nft-projects-7a5c15ba8c0f.

#3. I heard that PolkaBridge just launch new development about Multichain Automated Market Maker (AMM) DEX, could you explain more detail about this feature? What chains will you support?

Cyclese: – PolkaBridge Launched Multichain AMM yesterday.

Read more about PolkaBridge Multichain AMM: https://polkabridge.medium.com/polkabridge-launched-multichain-amm-cutting-edge-decentralized-exchange-99de5e7c811b.

At this launch, we support swap tokens on Ethereum. In the next releases, we will integrate the chains, including BSC, Polygon, Harmony, MoonBeam, Fantom, OEC, Solona.

Questions from Telegram

#1. Partnerships and collaborations are the backbone in making every project more widespread. Can you list some of your partners with us?

Cyclese: – We have many partners, like BMW Capital, Casper, Polygon, QuickSwap, Unilend. They helped us a lot in community development and other activities. BMW Capital is our special partner and also our advisor. They helped us with funding, connecting potential partners, finding high-quality projects for IDO Launchpad.

#2. Where I can get the latest updates or more information about the project?

Cyclese: – Website: https://polkabridge.org
Farming https://farm.polkabridge.org
Staking https://stake.polkabridge.org
LaunchPad https://launchpad.polkabridge.org
Swap https://swap.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
Reddit https://www.reddit.com/r/polkabridge_official

#3. What are the specific advantages of holding PBR tokens and investing in them for the long term? What features will PBR tokens provide to users?

Cyclese: – Benefits when you hold PBR:

  • Join launchpad
  • Potential to increase the price (A token burning mechanism)
  • Join governance
  • Stake and farm $PBR, earn more PBR.

 

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