Project Name: Hitdex
Description / Main Use Case
Hitdex is a decentralized destination for fungible token swapping, digital collectible (NFT) trading, and participating in DeFi on the Polygon zkEVM and Immutable zkEVM blockchains.
Staging Website Links
Staging Website (All Chains): staging.hitdex.com
Polygon zkEVM instance: staging.hitdex.com/polygon
Immutable zkEVM Instance: staging.hitdex.com/immutable
Official Website: hitdex.com
As a note, the staging website in its current state is nearing the completion of front-end development and design (85% complete for Polygon/Immutable (Desktop/Tablet/Mobile)). Feel free to click around!
| Token Exchange | NFT Marketplace | DeFi Platform |
|---|---|---|
| Token Exchange Module | NFT Marketplace Homepage | DeFi Farm Search Page |
| Token Rankings Page | NFT Collection Page | DeFi Pool Listing Page |
| Token Listing Page | NFT Listing Page | DeFi Launch Search Page |
Polygon zkEVM Swap Module
NFT Marketplace Collection
IDO Launch Search Page
Problem Statements
Token Swaps, Bridges & ETH Purchase Availability
There are minimal options for exchanges that offer ETH token swaps and cross-chain swaps (bridge) as an avenue to obtain ETH in the current Polygon and Immutable ecosystems. Simplified access to the ETH is essential for a thriving DeFi and NFT ecosystem and improving user experience.
NFT Marketplace
Finding NFT collectibles, whether old or new, is challenging as the categorization, collection search and filters on available marketplaces aren’t robust enough. Currently, collections & collectibles are segmented without proper categorization by collection type or child categories (Ex: NFT > Sports > Basketball > NBA Top Shot > {Sidebar filters}).
DeFi Platform
The Polygon zkEVM DeFi ecosystem is in its infancy, with new liquidity pools, staking opportunities, and farming opportunities being launched on the Polygon blockchain currently being few and far between. Launching new protocols can be difficult, with limited options as to where organizations can launch their protocol tokens.
DAO Governance
Most companies operating on Polygon are entirely centralized, and their communities need more say in the direction of the platforms they use.
Evidence For The Need
- Lack of artists launching collections on the Polygon & Immutable zkEVMs due to poor discoverability on the currently available marketplaces.
- Lack of DeFi users and opportunities in the Polygon & Immutable zkEVM ecosystems while comparable blockchains have thriving DeFi ecosystems.
- Lack of Launch/IDO platforms in the Polygon & Immutable zkEVM ecosystems where new protocols can launch their tokens and investors can buy into new protocol token offerings.
- Lack of DAO and governance token opportunities for organizations with platforms supporting zkEVMs. There are minimal DAO governance opportunities in the zkEVM ecosystems because DeFi and governance tokens on the zkEVM chains are just beginning to sprout.
Proposed Solutions
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Token Exchange & Ethereum Fiat On-ramp/Off-ramp: Hitdex will utilize an automated market maker for the token exchange. Our users will trade with a pool of tokens rather than directly with other users. This will create a seamless experience where our users can purchase and sell Ethereum and other altcoins on our platform with little resistance by removing complex order book orders from the equation. Ideally, this implementation will have a fiat debit card payment option via a Coinbase Commerce integration to purchase ETH. We plan to build two swap modules, a Ethereum token swap feature that can execute ETH token swaps and a cross-chain swap module (bridge) that will enable our customers to swap crypto from mainnet and other chains to obtain ETH on one of our supported zkEVMs.
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NFT Marketplace: Hitdex’s marketplace offers improved discoverability for collectibles on Polygon & Immutable zkEVMs via a simplified approach to search via a category breakout and project grouping. Users on the Polygon zkEVM NFT marketplace can search for collectibles via categories such as PFPs, Art, Collectibles, Sports, Gaming, Music, Land, Domains, Trading Cards, Comics & Photography and then search/filter by artist, collection, or collectible attribute. On the Immutable zkEVM our categories will have more of a focus on the gaming ecosystem Immutable supports, so our category breakout there will be Virtual Items, Avatars, Sports, Trading Cards, Virtual Land, MMORPG, FPS, Fighting, Strategy, Adventure & Action.
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DeFi: The DeFi platform will aim to simplify the DeFi investment process by creating a seamless and streamlined approach to deposit your assets to earn a modest APR safely while ensuring sustainable growth within the Polygon DeFi ecosystem across multiple farming markets. We will offer incentivized liquidity pools, yield farming opportunities, and governance token staking opportunities. The Launch product will be our IDO product that organizations with a new protocol can utilize to launch their protocol token. The Immutable zkEVM instance will only feature liquidity pools.
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DAO Governance: After the initial platform launch, we will release a token and move toward a governance DAO to be one of the first companies to give our users the ability to collectively steer the platform and protocol in their chosen direction on the Polygon zkEVM.
Team
| Name | Role | Bio | Discord | ||
|---|---|---|---|---|---|
| Eric Dzengeleski | Developer, UI/UX Designer, and Product Manager | Eric has eight years of experience in product management and five years of experience in eCommerce web development and management. Bachelor’s Degree in Economics. | eric@hitdex.com | jingles#5201 |
Roadmap
| May – July 2023 | August - October 2023 | November - January 2023 | February - April 2024 | May – July 2024 | August – October 2024 |
|---|---|---|---|---|---|
| NFT Marketplace launch with Polygon zkEVM NFT support | Launch of NFT marketplace auctions, offers, collection/NFT minting, and ENS domain name support | Polygon zkEVM DeFi Platform: Yield farming, & staking launches. | Hitdex governance/utility token DAO launch. | Launch of advanced DeFi analytics dashboard | Launch of NFT marketplace bulk buys |
| Token swaps, Bridge, token leaderboard and ETH purchase flow launch | NFT marketplace launch with Immutable zkEVM NFT support | Hitdex governance token and staking launch | Launch of limit order swaps. ETH to USD selling, and price history chart for swaps. May be prioritized. | Launch of advanced NFT collection analytics dashboard | Mainnet or additional zkEVM chain DeFi offering launch |
| Polygon zkEVM liquidity pool launch. 3rd party security assessment (NFT & Swaps) | Immutable zkEVM liqudity pool launch. 3rd party security assessment (Immutable zkEVM NFT & marketplace) | 3rd party security assessment (DeFi) | Polygon zkEVM protocol IDO launch | Mainnet or additional zkEVM chain NFT marketplace and token swap support | NFT renting & trading |
Social Links
| Discord | YouTube | ||||
|---|---|---|---|---|---|
| View Twitter | Join Discord | View Facebook | View YouTube | View LinkedIn |
