DEX Polkastarter Partners with Moonbeam Network
Polkastarter, a decentralized exchange built for token pools and cross-chain auctions, has partnered with Moonbeam Network, a parachain of smart contracts compatible with Ethereum in Polkadot, to transfer your facing code to Polkadot.
Polkastarter announced the news in a blog post on Wednesday, December 2. Through this partnership, Polkastarter will leverage Moonbeam technology to migrate your Solidity and other native Ethereum code and logic to support Substrate and Web3 environments on Polkadot.
Polkastarter is a DEX for cross-chain token exchanges and sales, primarily between the two major smart trading platforms, Ethereum and Polkadot. This platform enables projects to raise capital in a decentralized, permissionless, and interoperable environment based on Polkadot.
The company said that this partnership would prevent them from having to reinvent the wheel as it would provide its Solidity developers with a framework to quickly and efficiently port existing Ethereum code to the Polkadot ecosystem that will allow Polkastarter to facilitate cross-chain exchanges and fundraising. Token funds using Ethereum and Polkadot based value assets in a more efficient and friendly way.
Daniel Stockhaus, CEO of Polkastarter, commented:
“We are very excited to be working with Moonbeam on this partnership. The technology provided by Moonbeam will allow us to save time and effort, to be able to bring better products to our users, faster. This is an important step towards making truly autonomous and decentralized cross-chain exchanges and token sales a reality. '
Moonbeam Network is an Ethereum on Polkadot compatible smart contract parachain developed by PureStake. Technology provides a perfect way for Ethereum projects to migrate to Polkadot and that's what Polkadot is going to do.
Nate Hamilton, Moonbeam Head of Business Development at PureStake, said:
“We have already seen exceptional growth in the DeFi space since the launch of Polkadot's MainNet. We are excited to continue that growth by partnering with the Polkastarter team to bring your DEX to the ecosystem. Its platform will provide projects with an easier path to exchange tokens and raise capital in a decentralized manner.
As reported by Crypto Economy, Moonbeam is currently on the testnet and, more recently, it has released its third version of the testnet Moonbase Alpha V3 to improve the experience for users coming from Ethereum to the Polkadot platform.
High gas rates and congestion on the Ethereum network caused by the recent DeFi boom have forced many Ethereum-based projects to migrate to other alternatives.
Polkadot has become the first choice for them as it allows multiple types of blockchains called Parachains to be connected in parallel, while all share the security of the central relay chain.
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