Plutos Platform — Community Updates for the Month of October
Welcome Fellow Crypto analysts and Enthusiasts, Today’s article will be detailing on the Recent Developments and Achievements Accomplished by Plutos platform. A little detail on the platform will be stated before going into the developments in order to be fully captivated by their diversity scheme and partnerships.
PLUTOS PLATFORM DETAILS
Plutos platform is a multi- chain trading medium for synthetic based issuances. The platform basically integrates mining based incentives along with rewards for staking to various individuals. By simply adopting various blockchains which include Polkadot, Binance Smart Chain and Solana, providing on- chain with cross- chain exchanges & Liquidity, Plutos platform is to grant individuals synthetic based issuance and ofcourse exchange services & functions for numerous synthetic assets or products that will be highly profitable, disruptive and maintainable to the regular derivative refined market. From here on developments and partnerships made by the platform will be detailed.
PANDORA COLLABORATION
Pandora platform is an ecosystem where various real world assets or products can be exchanged in a frictionless & trustless manner through NFTs (Non Fungible Tokens). They are going to be leveraging the current chain network architecture while developing a middle layer Pandora based Protocol. This previously Iterated middle layer is going to help Various real world assets to be NFT tokenized, which will then be exchanged worldwide.
On the 28th of October, Plutos platform announced their Collaboration with Pandora platform, the two platforms will be working together to fully automate and implement the following factors:
1- They will be using Pandora’s (SDK) in order to tokenize the real world high standard products, which grants a quicker process of launching markets for individuals to carry out Minting & exchanges.
2- Plutos Platform is going to adopt Pandora platform into their multi- chain architecture.
3- the real world tokenized products or assets will be readily available for Exchange on Plutos platform.
4- the two platforms will collaborate in order to develop bridge based modules so that the enablement of cross- chain asset wrapping & chain swapping will be done.
Plutos Platform Synthetic mechanism Version 1.0 Release on Ethereum Network Main-net
Various individuals can now carry out various activities such as Farming, Staking, Minting and Earning with The platform. The 2.0version will be released on the 10th of November, with more incentives & components for individuals.
In order to really celebrate Plutos Platform main-net release, they have initiated a 500 dollar worth of PLUT giveaway to ten lucky winners.
Novel Swap Decentralized Exchange On PublicMint & KucoinKCC
Plutos platform recently announced the release of Novel Swap On PublicMint. Which is safe, efficient to utilize and affordable. Developed on PublicMint & KucoinKCC, with the aim of expanding to Binance Smart chain, Ethereum & Polygon.
2nd Buyback of 0.5 million PLUT Coins
As anticipated, Plutos platform is going to be performing PLUT buybacks consistently, which is to maintain the health status of PLUT’s circulating supply, providing valued help to the token & displaying the maintainable economic system of Plutos Platform as a Decentralized finance hub.
More added funds will be accomplished after the main- net release while a portion of the enterprise income will be placed in buybacks for PLUT.
SUMMARY
The platform continues to display their consistency in updates and Achievements with their various schemes and researches planned out for each month, the month of October isn’t an exception as various users are enabled with different features such as Pandora’s realworld based tokenization, User Dashboard release, Avalanche integration and so on. As they move on to the month of November, they promise to enable more and more goals with achievements to be proud of.
To Learn more about Plutos Network visit the links below;
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
