LONDON, UK, December 09, 2021 (GLOBE NEWSWIRE) – Exchange Traded Fund (Crypto-ETF) platform Plethori has just released its new website and staking platform. As crypto-ETFs set off a global storm, no other project is better off than Plethori.
These and upcoming developments (below) will help Plethori capitalize on the ETF frenzy. Now, users can also benefit from the excitement by earning a whopping 40% APY when they choose to bank on promising technology from Plethori.
The PlÃ©thori ecosystem
Plethori is a cryptocurrency ETF protocol that allows users to track and trade crypto-ETFs. With the release of the V2 platform, users will also have the additional option of creating their own ETFs. Creators will receive a percentage of the transaction fee each time their ETFs are traded. This proposal, unique on the market, will attract and reward the best designers. For everyone else, transaction fees are kept low by the inherent nature of ETFs, which only require one trade to invest in multiple assets.
This helps strike a balance, balancing the shared value between creators, marketers, and the platform itself. The result? A platform designed to grow alongside its user base of ETF managers and traders. All this is possible thanks to the revolutionary technology of Plethori.
The underlying technology
For maximum growth, such an ambitious project must be stable, fast, unique, versatile and innovative. Here is how it is done:
Stability – Taking inspiration from the basket-like nature of ETFs themselves, Plethori has invested in a “basket” of blockchains (namely Ethereum, Avalanche and Polkadot), making it a highly cross-chain ecosystem. stable and infinitely scalable.
Speed ââ- Using the world’s fastest blockchain, Avalanche, along with advanced Ethereum Layer 2 solutions, Plethori guarantees maximum speed with minimum gas for its users.
Uniqueness – Plethori allows users to invest in a wide range of cryptocurrencies, underlying technologies, sectors, niche markets or whatever they believe will develop in the future – there is an ETF for that. And if there isn’t one, at Plethori, users can create one.
Versatility – Leveraging the speed of Avalanche, the interoperability of Polkadot, and the ubiquity of Ethereum, Plethori is highly adaptive and ready to upgrade as new technologies emerge.
New – ETF makers can compete against each other via the Plethori gamified leaderboard, where unique Chimera NFTs will reward users for reaching milestones within the platform.
All of Plethori’s proprietary software is open source and aligned with DeFi’s core values.
The year of the Crypto-ETF
As 2022 approaches, which is hailed as “the year of the crypto-ETF,” Plethori’s 40% APY staking platform offers early adopters a reliable method to earn passive income throughout 2022 while the Plethori ecosystem continues to evolve.
As is the norm at Plethori, all smart contracts are fully audited by Hacken. There is no blocking period. And for the first week, Plethori will not charge users any fees for staking their PLE. So if you are convinced of Plethori’s potential, there is no better time to PLE setting that now.
Plethori’s ETH AVAX bridge is slated to launch later this month. PLE holders will be able to move between the two blockchains seamlessly, without ever leaving Plethori’s website. This development will provide users with all the benefits that both DeFi power hubs have to offer. The bridge launch will be completed with a new listing on Avalanche’s most popular DEX – Trader Joe.
Make sure you don’t miss out on other developments including Plethori’s groundbreaking ETFX (ETF Exchange), join the telegram community and mailing list.
Company name: Plethori
Contact Person: Callum Mitchell-Clark