Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Finance

What Value does PolkaBridge (PBR) Have?

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PolkaBridge (PBR) is becoming one of Mr. Market’s favorite Defi solutions. For example, CoinMarketCap named PolkaBridge the second-most trending cryptocurrency on 25 March 2022.

Conversely, CoinMarketCap listed PolkaBridge as the 818th largest cryptocurrency, with a Coin Price of 37.85₵ on 31 March 2022. In detail, PolkaBridge had a Market Capitalization of $17.344 million, a Fully Diluted Market Cap of $30.217million, and a 24-Hour Market Volume of $2.765 million. They based those numbers on a Circulating Supply of 45.842 million PBR.

Hence, Mr. Market gives PolkaBridge some value, but what is it and it worth 37.85₵?

What is PolkaBridge?

Interestingly, PolkaBridge (PBR) has nothing to do with music or German dancing. Instead, they call “PolkaBridge a Multichain and Cross-Chain Decentralized All-in-One Platform.”

Hence, I think PolkaBridge is a scalable decentralized finance platform that supports many finance activities. For example, they claim PolkaBridge can support Automated Market Makers, Yield Farming, Lending, a Launchpad for initial defi offerings (IDOs), a prediction engine, nonfungible tokens (NFTs), and more.

In particular, PolkaBridge is a cross-chain. A cross-chain is a shortcut between blockchains that enables apps to transact business in different blockchains. For example, they claim PolkaBridge could support NFT transactions in both Ethereum (ETH) and Binance. Notably, they claim PolkaBridge could connect the Ethereum, Binance Smart Chain, Polkadot, Harmony, Polygon, and Solana blockchains.

What can PolkaBridge Do?

PolkaBridge (PBR) engages in many potentially money-making activities on the blockchain.

For example, PolkaBridge allows users to build markets on several blockchains with its AMM feature. One advantage of PolkaBridge is that it distributes earnings to pools. Additionally, PolkaBridge can help people make money by providing liquidity to liquidity pools. They claim Polkadot can earn 90% of the transaction fees by providing liquidity.

The PolkaBridge Launchpad launches IDOs and allows users to invest in them. PolkaBridge supports blockchain lending. Plus, users can access early NFTs and initial NFT offerings (INOs) from artists and companies through Polkabridge. Finally, they claim PolkaBridge can support peer-to-peer (P2P) trading with both cryptocurrencies and fiat currencies.

How PolkaBridge Works

They claim PolkaBridge supports swap transactions by enabling two transactions on two different platforms of swapped tokens through pools at once.

In addition, they claim PolkaBridge (PBR) shares 90% of the fees it earns to liquidity providers through a decentralized app (dApp). PolkaBridge prevents deflation by burning 10% of the PBR.

Individuals who hold the PBR Token can earn money in three ways. First, they can earn farming rewards from PolkaBridge trading fees. Second, they can earn money from lending fees. Third, PolkaBridge allows token holders to participate in IDOs through the PolkaBridge launchpad.

They will devote 20% of the PBR tokens to marketing, 10% to initial liquidity, 20% to public IDO sales, 20% to the PBR team, and 30% to the PBR ecosystem. The current plan is to release one million PBR each month and spend one million PBR on marketing each month. The PolkaBridge will receive five million PBR in compensation every six months.

All the PolkaBridge features except multichain lending and cross-chain AMM launched by the first quarter of 2022. They hope to launch multichain lending and the cross-chain AMM in the second and third quarters of 2022.

Is PolkaBridge a good Speculative Cryptocurrency?

I think PolkaBridge (PBR) could become an excellent speculative cryptocurrency because it offers defi solutions for which there is a strong demand.

Mr. Market thinks PolkaBridge has a little value. For example, CoinBase gave a 38₵ Coin Price, an $17.4 million Market Cap, and a $2.8 million 24-Hour Market Volume on 31 March 2022. They based those numbers on a Circulating Supply of 45.8 million PBR. I consider PolkaBridge unstable because CoinBase gave it an all-time high Coin Price of $11.67.

However, I must note that many other organizations and decentralized autonomous organizations (DAOs) are offering similar solutions. Yet, I believe PolkaBridge could have true values if its cross-chain solutions work.

My advice is to watch PolkaBridge and see if they release defi solutions that work. If they do, PolkaBridge could make money and offer true value.