Plutos Network — Recent Developments Achieved From their Exploits and Schemes
Plutos network is basically a multiple chain issuance and derivative exchange medium that enables incentives for mining and various stake based rewards for individuals. Through the integration of various blockchain networks like Polkadot, Binance Smart Chain and Solana, and the provision of cross-chain trading & liquidity, the network grants users exchange services with synthetic issuance for a vast array of products that are maintainable and lucrative to the conventional derivative market.
Over the course of the article, a few developments made by the platform over the last few months will be iterated and detailed to fully comprehend the advantages, features and dedications to their system’s protocol.
RECENT DEVELOPMENTS
Dex (Decentralized Exchange) Launch On Public-Mint Chain network
Plutos network, the popular and prominent multiple chain Decentralized Finance medium, announced a week ago that they will be releasing NovelSwap, which is a next gen Decentralized Exchange medium, on Public~mint chain network. What is Public-Mint chain network? Well this is a fiat-money chain network medium, where various funds or assets are simply collateralized by FDIC insured firms.
Pancakeswap Collaboration (LP reward project)
The 1st ever plutos liquidity-mining project is now live on Pancakeswap. This mining project medium was released to fully reward various PLUT or BNB LPs (liquidity providers) on Pancakeswap network. They set aside a reward based pool of about $30,000 value of PLUT coins or tokens every month for users participating. Since this is a 3 month program, it means that the total reward value on it is about $90,000 value of PLUT. This first liquidity Provider reward project starts from the 28th of September and end on the 28th of December. These rewards will be given out every thirty days to LPs as long as they carry out their liquidity provision roles properly.
Zilliqa Collaboration
Plutos platform on the 14th of September announced their collaboration with Zilliqa, which is a prominent public chain network that is quick, cheap and highly secure, it is also provided with it’s smartcontract based language called Scilla. The 2 networks are going to work hand in hand to develop or improve their Decentralized Finance spaces. The Zilliqa and Plutos platform will result a lot of features such as technical adoptions and the release of Zilliqa staking pool.
Ambassador Program
With a lot of great features, rapid devlopment, collaborations and assets on the launch, the platform looks for various individuals to assist in the growth of the platform. This Plutos Ambassador Program was designed to identify various leading figures in the community that are truly dedicated to Plutos platform, Solana, Binance Smart Chain, Polkadot and investments. The protocol intends to bring out people that can spread the word about the network both globally and locally. Those who join the Ambassador program will be rewarded with various incentives such as the teir 1 ($5000 tokens) and tier 2 ($4000 tokens). For the ambassador’s efforts, the network will endorse their channels, grant access to the network’s team and so on.
CONCLUSION
Plutos network is really meeting a lot of demands that the user’s asked for. Not only that, but their blockchain or cross chain capabilities is incredible as they’ve integrated the Polkadot, Binance Smart Chain with the Solana network. The Liquidity program is also another great, lucrative innovation granted by the network, as it rewards LPs ( liquidity providers) for their efforts every month on the 3 month program period. Plutos network shows itself to be very promising as it will fully revolutionalize the Decentralized Finance and trading Sector for global users.
Learn more about Plutos Network
Official Email: official@plutos.network
Twitter https://twitter.com/PlutosNetwork
Medium https://medium.com/plutosnetwork
LinkedIn https://www.linkedin.com/company/plutos-network/
Telegram Group https://t.me/plutosnetwork
Telegram Channel https://t.me/plutosANN
