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What is PolkaFoundry?
PolkaFoundry, as its name suggests, is a Polkadot-based platform that aids developers in creating DeFi and NFT applications on the Polkadot and Substrate environment. Platform aimed to provide a single point of production where developers could construct decentralised apps that were practical, widely used, and accessible. Numerous brand-new initiatives are being worked on, and the most of them are selecting the Polakdot ecosystem to achieve great performance, genuine interoperability, and scalability.
By introducing novel UX-enabling, EVM-computability, and one-click migration from Ethereum, Polkafoundry hopes to reinvent the development industry. Infrastructure support for multi-chain DEX, insurance, prediction market, launchpad, and NFT marketplace, NFT auction is provided in the real use cases. Built-in functionality for offering DeFi as services that aid in managing identities, storing, and bringing Oracle data on chain.
As it will be built on the tendermint engine, PolkaFoundry will be developed in two stages. Platform was constructed in the second phase employing the substrate ecosystem’s primary characteristics, including Parachains of Polkadot. We are aware that the Ethereum network did not function as well as it might have, and that network congestion and quicker transaction speeds are currently the main problems affecting new applications. The platform’s own public blockchain is enabled with a variety of services, including PolkaID, DocuGuard, and Decentralized Gate, in order to accelerate the creation of game-changing technologies.
PolkaFoundry Price Prediction
|Month & Year||PKF Price Prediction|
|Based on||Blockchain dApps Development|
|All-time high||$2.27 USD|
|Exchange Platform||Uniswap, Gate|
PKF IDO Overview
|Platform used||DuckStarter, Ignition|
|Raised by||$2,030,000 USD|
|Date of ICO||10th march 2021|
|ICO Price||$0.1 USD|
|Partners||Signum capital, Spark, Master ventures, x21, magnus capital, Mantra DAO, DuckDAO, Rarestone, Blocksync Ventures, Solidity Ventures, Block Hunters, DAS Capital|
PKF Price Analysis
PKF is an Ethereum-based ERC20 standard token that serves as the Polkafoundry ecosystem’s utility token. With several venture investments in the project, PKF received tremendous interest in the private sale round. Duckstarter and Ignition by Paid Network held PKF IDO for $0.1 as investors had previously received a 10x return on their investment. After Red Kite’s announcement, PKF broke through resistance to achieve a new all-time high of $2.27 USD. Red Kite’s new launchpad tier, where investors must contribute a minimum of 500 tokens on Mantra DAO to receive one ticket, was also revealed.
As transaction fees for calculation and storage as well as full payment for Polkafoundry & partner services, PKF on the platform will be used. According to the regulations established by the founding team and in order to get allocation users given staking term, early investor token will be frozen.
The blockchain development company PolkaFoundry is a secret gem that unquestionably contributes to new blockchain innovation. The project that offers an all-inclusive solution based on the Polkadot Ecosystem is preferred since it preserves performance, scalability, and improved features. Polkafoundry’s public blockchain is now being used in more than 5 projects, with more planned for the future year. The team’s most recent project, Red Kite, is an IDO launchpad that aids in raising money for future cryptocurrency initiatives. But before the end of 2021, DEX, Prediction Markets, and other projects that are under development will debut.
Will PKF hit $10?
The PKF token has a number of advantages in addition to a set APY for staking and taking part in IDO Red Kite.
Is PolkaFoundry a Good Investment?
Due to its functionality, PolkaFoundry will serve as a significant cornerstone for decentralised apps, and its value will continue to increase.