What is PolkaBridge (PBR)?
PolkaBridge is a blockchain solution that is designed as an all-in-one decentralized finance application. The ecosystem combines tools and features users usually find in different DeFi applications under one roof to give users ease of access and a smooth experience. Some of the features of PolkaBridge include an Automated Market Maker (AMM), farming, lending, staking, a launchpad for fundraising, price predictions, NFT marketplaces, and more. The platform is built on Polkadot. Besides, it acts as the primary bridge between Polkadot and other chains.
The PolkaBridge AMM is designed in a way that supports multi-chain and cross-chain transactions. The multi-chain feature allows the platform to support different blockchains while the cross-chain feature gives users the capability to make automatic swaps and trades across different blockchains are the same time. With this feature, users can enjoy low transaction fees and preserve the value of their tokens.
The PBR token is the utility and governance token of the ecosystem. On the chart above you can find the current PolkaBridge price.
Use Cases of PBR Tokens
There are many uses of the PBR crypto token in the PolkaBridge ecosystem. For example, on the PolkaBridge Launchpad, PBR coin holders can participate in IDOs. This gives PBR token holders the ability to participate in high-yielding projects very early, ensuring high rewards and lucrative profits.
The platform also has a multi-chain staking platform for its users. Here, PBR token holders can perform staking operations on multiple chains from one place, without having to move their tokens all over the place. Holders simply have to deposit their PBR tokens into staking pools with variable APY.
Through the PolkaBridge lending and prediction platform, PBR token holders can lend or borrow crypto assets across different chains for high-interest yields or attractive interest rates.
Holders of the PBR token can also participate in governance activities. These include votes to change parameters, features, and the overall development of the platform. PBR token holders enjoy a 50% discount on lending fees on the project. The remaining 50% is burnt as part of the deflationary measures to keep the PBR price stable.
Finally, the PBR token will continue to play a vital role in the PBR ecosystem as more use cases are continually being developed for the token. Remember that you can always see the current PBR price on the PolkaBridfe price chart above.
Who Founded PolkaBridge?
PolkaBridge was founded by Cyclese Mohr from Singapore. He serves as the company’s CEO. Before PolkaBridge, he worked as a web developer for 5 years, working on various blockchain projects. He is a graduate of the National University of Singapore, with a degree in Information Technology. The team also consists of Tahir Ahmad as the tech lead, Aamir Alam as the core developer, and other experienced individuals.
The project has partnered with Oddiyana Ventures, V2B Labs, BMW Capital, Unreal Capital, and other top investment companies.
Tokenomics of PBR
There is a max supply of 100 PBR tokens. Out of this supply, 20% was allocated for the public sale, 20% was reserved for the team and the foundation, while 30% was set aside for ecosystem expansion and development. Additionally, marketing efforts were allocated 20%, while 10% was reserved for initial liquidity provisions.
The fixed supply and the burning mechanism employed by PolkaBridge imply that, as the supply becomes more scarce, the PBR price might increase.
