Equilibrium has Won the 12th auction on Polkadot
Equilibrium Won the 12th Polkadot auction
Equilibrium will be onboarded as the 12th parachain of the Polkadot network. It took them more than two years to become a part of the ecosystem since they released their whitepaper and started developments on the Substrate framework in February 2020.
Their data shows that individual retail users with less than 10,000 DOT each helped them win the intensive auction.
Alex Melikhov, CEO and founder of Equilibrium said: “We’ve been extensively building during the past few years and this time has come: very soon we will be launching the first orderbook DEX with margin trading on Polkadot. It will allow for trading with high leverage being combined with a money market that applies the lowest collateral requirements ever. We are sure that these innovations will drive liquidity to the ecosystem and attract advanced market makers along with retail investors”.
Onboarding as a parachain will be initiated after the second auction of the current batch comes to the end on March 31. The process will require some technical preparations from the project team and accuracy. Their main focus will be on cyber security and bootstrapping initial liquidity.
Meanwhile, the team will be presenting a detailed roadmap of their product launch during their next celebratory community call on March 24.
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