1/ Looking forward to the @polkadomain $NAME public sale taking place tomorrow. PolkaDomain is a Decentralised domain name service (DNS) powered by Polkadot, through which users can convert their hexadecimal blockchain wallet addresses into unique readable .pd addresses.
2/ Where @polkadomain stands out compared to existing DNS solutions such as ENS, is that it leverages Polkadot’s cross-chain architecture to allow for .pd addresses to be used across multiple blockchains and easily support cross chain transactions.
3/ So for a tx among .pd domains where the sending and the receiving addresses are on different chains (eg from Polkadot to Ethereum), PolkaDomain automatically generates cross-chain data using Polkadot’s XCMP, completely abstracting the cross-chain mechanics from the final user.
4/ Each domain name will be represented by an NFT, and PolkaDomain will also offer a NFT / Domain market-place, making domains easily tradeable. Through the market-place, domain owners will be able to sell domains either at fixed prices or through auctions.
5/ The $NAME token will be the platform’s governance token, and will be required for paying domain name registration/renewal fees and market-place fees. By staking $NAME tokens, users will also have priority access to exclusive domain names.
7/ It is also worth noting that PolkaDomain closed a $400k strategic funding round with major funds such as @NGC_Ventures, @capital_spark, @linkpadvc, and MetaConstant, so the project can also count on very strong backers.
8/ The $NAME public sale (for whitelisted addresses only) and Uniswap listing will take place tomorrow at 1pm UTC, so this is certainly a launch to follow closely.
More details on the project and token metrics in the article below:
polkadomain.medium.com
More details on the project and token metrics in the article below:
polkadomain.medium.com
Loading suggestions...