Polkastarter

Polkastarter Successfully Raises $875,000 to Build Cross-Chain DEX on Polkadot

Polkastarter, a decentralized exchange (DEX) based on the Polkadot network, has raised $875,000 in seed and private sales. The oversubscribed funding round attracted over $20 million in interest, highlighting the growing demand for scalable DeFi solutions with lower fees outside the Ethereum ecosystem.

Key Highlights:

• Backed by leading investors: NGC Ventures, Moonrock Capital, Signum Capital, and Astronaut Capital.
• Cross-chain DEX: Polkastarter enables decentralized projects to raise and exchange capital through token pools and auctions, offering lower fees and scalability.
• Polkastarter’s $POLS Token: 42.5 million of its 100 million total token supply was sold, with a Uniswap listing planned for liquidity.
• KYC and cross-chain functionality: Full KYC integration and cross-chain swaps, beyond just ERC20 tokens, are key features of the platform.
• Initial Market Cap: Upon listing on Uniswap, Polkastarter’s market cap will be $893,750, with a fully diluted valuation of $5 million.

Polkastarter’s goal is to tackle scalability and high fee challenges in the DeFi space by leveraging Polkadot’s interoperable network, enabling more flexible and cost-effective solutions for decentralized finance.

About Polkadot: Polkadot is a next-generation blockchain network that enables data transfers across different blockchains, supporting both public and private blockchains, facilitating seamless cross-chain communication and computation.

For more information, you can reach out to Daniel Stockhaus at daniel@polkastarter.com or explore the Polkastarter Litepaper.