Legitimate Project on Polkadot Series #7

Cross-chain Liquidity Protocol Built on Substrate

HydraDX is one of the potential projects in the Polkadot ecosystem from the very first days. Let's see which legit features HydraDX has for the ecosystem.

1. HydraDX has received Web3 Grants Until now, Galactic Counci - the team build HydraDX has received grants from W3F Open Grants Program for “Polkalert: Validator Monitoring”.

2. Impressive Development

In one month, HydraDX-node had 5 authors have pushed 56 commits to master and 65 commits to all branches. On master, 49 files have changed and there have been 21,232 additions and 16,830 deletions. https://t.co/DoLGBQlpJP?amp=1

3. Open source

HydraDX is an open source. Check their Github: https://t.co/XRgHufCbgy?amp=1

4. Whitepaper/ DOCs

HydraDX is community-driven and they have a document that users can find all kinds of useful resources on the HydraDX protocol https://docs.hydradx.io

5. Visible and reputable team Galactic Counci - the team build HydraDX is a member of Zee Prime Cap and they display their team members prominently on their site: http://zeeprime.capital/dreamteam

6. Token $HDX is Substrate-based tokens, however, they’ve distributed 5% their tokens (ERC20) via a Balancer Labs Liquidity Bootstrapping pool, which aims to achieve a wide distribution. HDX chain is now live. Check:

https://t.co/w0CJCn54xW?amp=1

7. Parachain candidate aims to be a parachain & has successfully tested on Rococo as a parachain named Hydrate before moving over to Kusama and eventually Polkadot

8. HydraDX is ComposableWith Acala Network

https://twitter.com/AcalaNetwork/status/1367311232903110656

9. Check HydraDX on DotMarketCap:

https://t.co/4cdH5lhRxz?amp=1

10. Introducing HydraDX's canary network - Basilisk

https://twitter.com/PolkaWarriors_/status/1401835891518181379

https://twitter.com/DotMarketCap_/status/1401887104074846210