HydraDX — Polkadot’s Multi-Headed Liquidity Monster. Token Transfer from HydraDX.

I think it’s important to start by explaining the structure of Polkadot ecosystem so that you can understand the essence of the blockchain, specifically the Polkadot ecosystem. I’ll try to eliminate unnecessary details and focus on key points.

Part 1: How It All Works

Here is a portion of the Polkadot ecosystem map. It’s crucial to note a few aspects:

1. Not all Polkadot projects are connected to the main network.
2. To connect to the main network, winning a Parachain slot (Polkadot 1.0) is necessary.
3. Projects that win Parachain slots must open communication channels between each other to allow communication (transfer of tokens/messages) — represented as pink lines on the image above.
4. To trade on HydraDX, tokens must be transferred through communication channels to the HydraDX network.

In other words, any parachain not linked to HydraDX won’t be able to commence trading, at least for now. Without communication channels, it will essentially be isolated.

Part 2: What to Do? Token Transfer to HydraDX

So, let’s say you’ve heard that your project is starting to trade on HydraDX. Where do you start?

Use communication channel and move your tokens to the HydraDX network. For this, use the cross-chain interface https://app.hydradx.io/cross-chain that is provided on the HydraDX website.

In the image above, the transfer of ASTR tokens to the HydraDX network is shown. Trading won’t be possible without transferring tokens. To choose the desired network from which you need to move tokens, click on “SOURCE CHAIN.”

A very common question with a quick answer: What is this unclear address in the TO ADDRESS section?

ANSWER: This is the address of your HydraDX wallet. The system automatically reads it to prevent mistakes. You can double-check it in the upper right corner.

After a successful transfer, you’ll receive a system notification. Proceed to https://app.hydradx.io/wallet/assets and check the assets you’ve transferred.

With this, the transfer of assets to HydraDX is complete. After that, you can use the assets as you wish.

Part 3: What to Do? Token Transfer from HydraDX

This is similar to the previous step, with the exception that the network from which you are withdrawing should be HydraDX. https://app.hydradx.io/cross-chain

A very common question with a quick answer: What is this unclear address in the TO ADDRESS section?

ANSWER: This is the address of your wallet in the network to which you are transferring your assets. The system automatically reads it. You can double-check it, but the system should not allow errors.

P.S. If you try to change the destination chain, you will see how wallet addresses change. In each network, you have different wallet

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