What is PolkaFoundry?
Polka Foundry as name suggest it is Polkadot based platform that help developer to produce DeFi and NFT application on Polkadot and Substrate ecosystem. Platform wanted to create one stop production hub for building useful, widely adopted and accessible decentralized applications. Many new projects are under development and most of them choosing Polakdot ecosystem to achieve high performance, true interoperability and scalability.
Polkafoundry aiming to innovate development industry for that they going to introduce unique UX-enabling, EVM-computability, one click migration from Ethereum. in the real use cases infrastructure support NFT marketplace, NFT auction, multi-chain DEX, insurance, prediction market and launchpad. Built in feature for providing DeFi as services that help manage identities, store and bringing oracle data on chain.
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PolkaFoundry developed will underwent in two different phases, as it will being developed on tendermint engine. in 2nd phase, platform rebuilt using substrate ecosystem using Parachains of Polkadot and other main features. we know Ethereum network failed to match performance, faster speed for transaction and even network congestion become biggest issue that affection upcoming application. in order to boost game changing development Platform enable their own public blockchain with different services like PolkaID, DocuGuard, Decentralized Gate.
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 ERC20 standard token based on Ethereum network and it is nothing but utility token of Polkafoundry ecosystem. PKF gained huge response in private sale round with multiple venture investment in project. PKF IDO was held on duckstarter and Ignition by Paid Network with price $0.1, as people who invested already gained 10x ROI. PKF listed on Uniswap with $1 USD average price and after Red Kite announcement it breaks resistance to reach new all-time high $2.27 USD. as new Red Kite launchpad tier announced where investor need to stake minimum 500 token on Mantra DAO for earning 1 ticket.
PKF on the platform will be used as transaction fees for computation and storage, along with complete payment for Polkafoundry & partner services. Early investor token will be locked, as per rules set by founding team and in order to get allocation user given staking period.
Will PKF hit $10?
PKF token having multiple benefit along with fixed APY for staking and participation in IDO red kite
Is PolkaFoundry a Good Investment?
PolkaFoundry going to be a huge pillar for decentralized applications and being utility token PKF will worth keeps growing.
PolkaFoundry is hidden gem in blockchain development that definitely helps produce new blockchain innovation. First preference of project of providing all in one solution based on Polkadot Ecosystem without compromising performance, scalability and upgraded features. Currently, over 5 projects already developed using Polkafoundry public blockchain and in upcoming year. Red Kite is most recent project built by the team, as it is IDO launchpad that help to raise a fund for upcoming crypto projects. however, DEX, Prediction markets and other project also under development will launch before end of 2021.