Plutos Platform — Current Achievements Actualized By the Project

3 min readOct 26, 2021

In today’s detailed article, I’ll be highlighting the achievements and developments done by Plutos platform over the month of October. But before the discussion is being detailed, a little Description on what the Plutos platform is will be really essential for comprehension.

Plutos PLATFORM INTRODUCTION

Plutos platform in simple terms, is a multichain synthetic Exchange medium which brings in various mining based incentives along with staking based rewards for all users. Through the adoption of great platforms or blockchains like Polkadot network, Solana chain and Binance chain, along with the enablement of onchain & crosschain based Liquidity and exchanging, the platform grants great exchange services for a vast array of synthetic based products or assets which are profitable and of course sustainable to the native derivative marketplace. information concerning their recent developments will be stated below:

AVALANCHE INTEGRATION

As the platform’s synthetic network mainnet is set to be launched on the 29th of October, they are glad to bring in deliveries in Q4. They announced on the 23rd of October that they are integrating Avalanche in Q4 later on in the year. This is just part of their dedication to enabling great scalability & Interoperability mechanisms.

Avalanche medium is basically the quickest smart- contract network in the chain network industry, they have the largest number of validators facilitating the activities of any mechanism ( proof of stake). Avalanche medium is quick, cheap and of course profitable. Any type of smart- contract supported application beat it’s competition by initiating Avalanche.

The platform decided to amalgamate the Avalanche medium not just because of the outstanding system boosting features of Avax, but they really believe that the adoption will clear a great path for user growth & acquisition. They are expecting a lot more features as the platform’s mainnet launches soon in order to maintain their name as a fully automated Decentralized Finance Synthetic space.

SLOPE COLLABORATION

Slope is a medium that aims towards developing an outstanding Mobile based Gateway, which will be placed for the Solana network. Slope- finance network is a decentralized Solana network gateway which comprises the mobile- end Decentralized Exchange, NFT (Non Fungible Token) features and wallet, providing quick and cheap transactions. Their prospects are to become game changers in the DeFi network, through the help & support of Solana Capital, Solar Eco- Fund and many more. The slope wallet on the platform was developed to enable Decentralized Exchange and NFT operators to have better experience.

On the 14th of October, the platform announced their strategic collaboration with Slope- Finance, they are making schemes to interact with Solana later on in the month and of course expects to be adopted into the Slope wallet by that time. This wallet will enable dApplication compatibility so that users on Solana can efficiently experience Plutos platform on the mobile phone. The two platforms will work on developing the cross- chain fund bridge services as the space for linking different platforms like Binance Smart Chain (BSC), Solana and of course Ether. This will make swapping operations the network faster and cheaper. Plutos platform is also going to develop a pool for “PLUT”, where individuals can make exchanges via Slope- finance’s Decentralized Exchange, with of course a cheap and quick transaction rate.

To conclude

Plutos platform is really living up to its name as a multichain exchange medium, as they’re collaborating with a lot of mediums on the Decentralized Finance ecosystem. By collaborating with Slope- Finance, the Plutos platform will be more adopted into the Solana network. Through their amazing, cutting edge tech of the exchange and wallet, the growth of the user- base is inevitable. With Plutos’ mainnet launch coming up soon, users are to watch out for more development which will be placed for the growth of the platform.