Polkadex does not collect network fees, a.k.a transaction fees. In short, the market makers will get an extra 0.1 percent on their trades, and market takers pay 0.2 percent. Trading bots are economically impossible in smart contract-based DEXs due to high gas prices we solve this by using zero network fees. The market makers are incentivized by giving 50 percent of collected trading fees in their trades, and the remaining 50 percent is paid to Polkadex Team. Market-taking orders have a trading fee of 0.2 percent, and market-making orders have zero trading fees. Polkadex supports two types of trades, Limit and Market Orders. It enabled us to increase the throughput of trades and made it comparable to the efficiency of centralized exchanges. Trading features like market data aggregation, technical analysis indicators, storage and retrieval of trade history, and all the remaining exchange related features are made off-chain. In Polkadex, Orderbook, Trader Assets Management, Bridge mechanism to Polkadot and Ethereum, and On-chain market making bots are On-Chain. We believe that only those things that need public verifiability need to be on-chain. Polkadex's Design focuses on reducing the complexity of the chain. We believe that AMMs can supplement Orderbook based DEXs combined with fast execution logic, three-second block time, custom trading bot support, and our unique feature - On-Chain market making bots, a.k.a "AMMs inside a DEX." We present to you, Polkadex. AMMs require Orderbook based exchanges, but Orderbook based exchanges do not require AMMs to function. These protocols are profitable only when an arbitrage opportunity is available due to price differences in other exchanges. Limitations in computational resources led to the rise of Automated Market Making (AMM) protocols like Uniswap. Orderbook based DEXs are not gaining volume. It is not upgradable, and it never provided a good trading experience, even after multiple hacks and catastrophic losses in the centralized exchanges like Mt. Previously Ethereum Smart Contracts allowed the creation of Defi services, but it is limited in computational resources required for the proper functioning of DEXs. It enables us to create a dedicated blockchain for decentralized exchange, which is purpose-built and configured to optimize the performance of DEXs. Substrate Blockchain Framework allows anyone to create application-specific blockchain without worrying about the technicality of block production and consensus. It enables high-frequency trading, high liquidity, and lightning-fast transaction speed for supporting Defi applications. We present a scalable, fully decentralized platform for exchanging tokens in a peer-peer and trustless manner.
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