PLUTOS NETWORK LAUNCHED ON TRUSTPAD

PLUTOS NETWORK LAUNCHED ON TRUSTPAD

By Dayve___ | DeFi-ed | 20 Oct 2021


   On June 16 2021 was yet another glorious day for both Plutos Network and TrustPad.

As we all know in the Crypto industry which preaches how things should be easy, fair, safe, and decentralised making strategy plays and making things a lot better for your users and community is what pushes to further innovation.

For that reason Plutos Network being a cross-chain synthetic issuance and derivative trading platform which introduces mining incentives and Staking rewards to users launched on TrustPad which is a decentralized multi-chain fundraising platform enabling projects to raise capital and promise safety to early stage investors further giving both their user's cutting edge blockchain technology which enables immediate transfer of money to business associates, family, friend's or even a random stranger on the internet anywhere around the globe with speed of light, while still adhering to the most important rule of the financial market and that's "security" and let's not forget the full control all user's get over their funds which is damaging to the traditional system but a betterment to human race.

Over the past months $PLUT has seen tremendous gain putting it's holders with even more responsibility, but that shouldn't be a problem because Plutos Network has a great community standing.

With a total supply of 100,000,000 PLUT it is without doubt that scarcity Will be a factor leaving those who don't get in now, or have them pay bigger for what they couldn't realize early as seen in the past with other innovative and well built projects.

Key components of Plutos Network which keeps its holders earning is

Plutos Staking

Users can earn rewards by Staking derivative assets on Plutos Network. The Staking service will be first built on Ethereum, and then migrate to Polkadot after the sub-parachain, OCW components are ready for deployment. The Staking service will soon be available on other leading Blockchains such as BSC and Solana.

Plutos Market

Your One-stop platform for issuing and trading crypto derivatives. By applying AMM mechanism and enabling cross-chain wrapping function to build chain-bridges between mainstream assets of Blockchains including Ethereum, Polkadot, BSC and Solana, Plutos Market will be the marketplace when users can trade cross-chain derivatives with low cost, fast transaction and high security. In Plutos Market, users can trade derivatives such as contracts, options, swaps etc.

Plutos Pool

Through PLUT Staking and minting, integrating liquidity from leading DEXes such as Uniswap, 1inch, Balancer, PancakeSwap etc, Plutos Pool can offer infinite liquidity for users with the best trading experience and passive income. With Plutos Pool, slippage and will very much improved thanks to the liquidity integration and cross-chain liquidity pools. There will be no need for Liquidity Provider on Plutos Network. Users will only need to stake PLUT and mint assets such as pUSD to convert one asset to another or open long or short positions of leveraged contracts underlying various assets without any restriction.

And for the daily trader's

Plutos Market offers better trading experience including reducing of friction, slippage, expanding the accessibility of mainstream crypto assets, etc.

The lack of an order book in Plutos Market offers better deals when people trade synthetic assets. Assets will be assigned with real-time pricing through on-chain and off-chain pricing feeding by oracles such as ChainLink and Umbrella, then these assets are easily converted. Due to the large size of collaterals placed in Plutos Market, it can avoid issues such as slippage by enabling infinite liquidity and on-chain trading process.

 

Reach plutos network on:

Official Website | Twitter | Medium | LinkedIn | Telegram Group | Telegram Channel | GitHub

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Dayve___
Dayve___

My name is David, I have 4 years experience of FX and Crypto, i started my DeFi journey 2020 during the lockdown, and I'm here to share knowledge gathered overtime.


DeFi-ed
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All about decentralization and projects in its space

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