## What Is PolkaFoundry (PKF)?

PolkaFoundry is a platform for building DeFi dapps for the Polkadot ecosystem. It includes:

* A blockchain which is built on Substrate, is EVM-compatible, and supports several UX-enabling features for dApps. The blockchain will work as a Polkadot parachain or parathread.
* A bunch of DeFi-friendly services for dapp builders. These include both built-in services and integration with external ones.

## Who is behind PolkaFoundry?

To learn more about this project, check out our deep dive of [PolkaFoundry](https://coinmarketcap.com/alexandria/article/what-is-polkafoundry).

PolkaFoundry was founded back in 2018 by Thi Truong, who was then a key member of Kyber Network's core team.

The PolkaFoundry team now consists of 20+ members located in several countries including Singapore, Vietnam, Japan, Canada, and India.

Advisory board includes the DuckDAO leaders; Garlam Won who is behind the marketing of Harmony, Mantra DAO, Kylin; and Lester Lim - founder of X21 Digital.

## Who is backing PolkaFoundry?

PolkaFoundry has completed a $1.9M Private Sale Round, backed by DuckDAO, Signum Capital, Master Ventures, AU21 Capital, BlockDream Fund, Magnus Capital, X21 Digital, Rarestone Capital, PNYX Ventrues, and several other renown ventures.

## What Makes PolkaFoundry Unique?

* Leveraging the interoperability and scalability of the Substrate framework and the growing ecosystem of Polkadot
* EVM compatible, strait-forward to migrate DeFi dapps from Ethereum
* Come with DeFi-friendly services
* Built-in UX-enabling features which allow developers to build frictionless-UX so that dapps can approach normal people outside the crypto community. This is the key point for blockchain to reach mass adoption.

## What is the Tokenomics of PolkaFoundry (PKF) Tokens?

* Token Name: __PolkaFoundry__
* Token Symbol: __PKF__
* Total Supply: __200,000,000__

PKF token is an Ethereum's ERC-20 token. In the future, when PolkaFoundry blockchain launches the mainnet, PKF token holders can swap ERC-20 PKF token for native PKF coin at the rate of 1 for 1.

Polkafoundry's smart contract has been audited by [Zokyo](https://assets.website-files.com/5f99eb79d508ca853be5f2e8/60befebf2ef6af2cb3525f83_Copy%20of%20Polkafoundry%20SC%20Audit.pdf)

__Token Utility__:

* Payment for transaction fees
* Staking for collators to earn share of block rewards
* Staking to participate in the on-chain governance process and earn rewards for voting on proposals
* Payment for PolkaFoundry & partners' services

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