Polkaswap Clone Script - The Perfect Strategy to build a Defi based DEX Exchange like Polkaswap
No wonder Decentralized Finance, Defi is the Phenomenal crypto trend but it can’t provide solutions for the two largest problems, scalability and segregating independent multiple blockchains to share information. Polkaswap was raisen to solve those issues with cross-chain technology.Polkaswap, the first ever decentralized cross chain platform built on substrate SORA network that is based upon Polkadot and Kushama Ecosystem.
Polkaswap Clone Script
Polkaswap Clone Script is technically the package of high standard source code written in top-notch programming languages. It is the kind of decentralized script encrypted with a liquidity aggregator algorithm and advanced security features to build an interoperable, Defi based DEX aggregator like Polkaswap.
Bitdeal lets you build a pure, gentle platform just like Polkaswap with white label Polkaswap Clone Script and an integrated cross-chain feature enabling users to get multiple tokens like ERC-20, BNB, etc, without creating an account on various platforms. This clone script is entirely customizable, you have an open choice to choose your platform’s native blockchain like Binance smart chain, Ethererum, Polkadot, etc, We Bitdeal, have highly skilled professionals on all kinds of blockchain network.
Specification of Bitdeal's Polkaswap Clone Script
- Latest Version : Polkaswap Clone - Updated in June 2021
- Script Type : Defi based DEX
- API Integration : Liquidity Aggregator, all fundamental security APIs
- Blockchain Network: Polkadot and Kushama (completely customizable)
- Supported Tokens: cross chain technology supports all kinds of tokens
Before getting into other things, we need to know the most factor that makes Polkaswap standout in the crowd.
What makes Polkaswap the Most Unique one?
1. Liquidity Aggregation Technology
With the robust liquidity aggregation algorithm, polkaswap paved the way to trade against various liquidity sources which give high potential for polkaswap. The solid purpose of a liquidity aggregator is to combine liquidity from various sources like AMM, order book, DEX, etc, Thus Polkaswap is designed to provide solutions associated with AMM DEX.
Polkaswap is operate on a parachain with bridges that connect Ethereum blockchain and bitcoin. This unique liquidity infrastructure will considerably reduce the risk and loss for traders
2. Smart Liquidity routing
As Polkaswap is completely decentralized, Once the trade is done, the liquidity provider earns rewards which are ultimately based upon the type of liquidity pool. Each and every liquidity pool has a different set of rules and returns. This Smart Liquidity routing automatically choose the best pool based upon your request and the chances of earning is quite high
Thus Bitdeal integrates the above two extra ordinary features in our PolkaSwap Clone Script.
Features of Polkaswap Clone Script
Users of this Exchange can easily swap sora tokens (XOR) with various digital tokens on our polkaswap-like platform. one can choose the crypto asset precisely by using Asset ID and can swap tokens to different blockchain.
Traders can attain rewards for investing their funds. Liquidity Providers are rewarded with PSWAP tokens. Validators and nominators are rewarded with a VAL token.
Low gas Fee
Transactions are ultimately performed on DEX based polkadot blockchain so the transactions are fast and effective with low gas fee
Liquidity Aggregation Algorithm provides easy and smooth execution of trades
Smart Liquidity Routing
Smart Liquidity Routing automatically chooses the desired pool for traders to earn effectively
How Does Polkaswap Clone Script Works
- Traders can buy/sell crypto assets with Exchange
- Users need to use Defi Wallet to proceed with staking, pooling, etc,
- By making use of XOR tokens, liquidity is provided via liquidity providers
- The Liquidity Providers are rewarded with VAL Tokens
- Users are now able to participate in token swap
- Cross chain network lets users to swap tokens with other blockchain networks
- The returns for stacking is entirely depend upon the asset type, time period, active nominators, etc
What is SORA ?
SORA is built on Substrate which is the basic framework used to create cryptos and decentralized applications that is said to be highly efficient than Ethereum. It is the network which polkadot chain and other blockchains with Defi focused built-in tools
Validator: Validators are the epic part of the SORA network responsible to create blocks and they are elected by the Phragmèn Method.
Nominator: Nominators are those who publishes the list of validators and provide XOR in considerable amount to support them
Polkaswap is the powerback combo of SORA ecosystem and polkadot ecosystem. Both ecosystem have their own tokens
Native Tokens of SORA Network - XOR, VAL
- It was launched on April 2021 capped at 350000 XOR
- Etherscan is used to track the XOR distribution
- It is used as a gas fee on SORA Network
- Users can add liquidity to Polkaswap with this token
- Given for Validators
- The Initial Token supply is 100 million and decreasing with tokens burned
- The price of VAL token is fixed by market
- It is used to reward validators on SORA Network
- VAL is distributed to three groups equally in three stages
Native Token of Polkaswap - PSWAP
- The maximum supply is estimated as 10 billion with decreasing tokens burned
- The Price of this token is fixed by the crypto situations
- It is used to provide rewards to the liquidity Providers
- The Current Circulating supply is nearly 36%
- 6% - Launching reward
- 25% - Token bonding curve reward
- 3% - Liquidity reward
- 4% - Market making rewards
Source: Wiki Sora
Benefits Of Building a Platform like Polkaswap
AS Polkaswap is fully decentralized, Users have the full authority for their crypto assets and private keys.
Thus there is no central authority for managing trades but technology helps with smart liquidity routing to earn more
Sophisticated User Experience
This kind of platform enhance the overall user experience via liquidity aggregators and cross-chain techniques to bridge other blockchain networks
What is the Estimated Budget For Polkaswap Clone Script ?
“What’s the price ?”, it’s actually the obvious question for many, As said in the above, the script is completely customizable. Cilents can choose things from their preferable blockchain network to the integrated APIs. Thus it is not a fixed one!
But No worries! We are open for Discussion at any time!
Why Choose Bitdeal for Polkaswap Clone Development ?
Being the leading Defi Development Company, Bitdeal holds
- Strong industry Experience for more than 7 years
- Guides Many Startups and Enterprises with our promising blockchain solutions
- Experts in all kinds of Blockchain Technology
- Round a clock technical support
- Future Availability incase of any issues raisen
- Incorporation of Agile Development Methodologies
- High Transparency with effective and clear communications
- On-time Deployment
- Happy Global Clients
Disclaimer: Bitdeal neither represents nor has command over the trademark of "Polkaswap". We have mentioned the brand name Polkaswap to make things clear to our clients. It is important to understand that we does not promote, copy and collaborate with them.