Now crypto traders can trade ETFs using Plethori - the first decentralized cross-chain Investment platform.
United States - April 20, 2021 —
ETFs Explained
ETF (Exchange Traded Funds) works in a way where the fund provider creates a basket of different assets, be it stocks, currencies, commodities, etc., and then sells shares of that basket to investors. The price of that ETF will be traded at market-determined prices and will differ from the underlying assets that it consists of.
They are an excellent option for investors who want to diversify their portfolio in a flexible, low-cost, and tax-efficient manner but there's a catch. ETFs cannot be traded without a middleman or a broker.
Plethori Protocol makes ETFs decentralized
ETFs is a $7.7 trillion dollar market but due to its complications and inability to trade without middlemen, this marketplace is generally restricted to ‘the few’. There’s also the hefty fees of exchanges
With Plethori, ETFs will be traded in a decentralized manner eliminating the need of any broker or middleman, significantly cutting down the fees. That’s right, Plethori will be a cross chain investment platform that will help folks create and trade trestles ETFs. Furthermore, the team behind Plethori don’t want to just do the standard run of the mill ETFs, but more so create an ETF marketplace for entire industries like NFTs, oracles, insurances, and form what we hear, interesting concepts that have never been done or seen yet.
Plethori protocol aims to revolutionize the ETFs marketplace with its unique features such as:
Cross-Chain Functionality: Plethori runs on both Ethereum and Polkadot Blockchain Chain Network, giving a maximum number of users the chance to create and trade ETFs.
NFTs: Users will be awarded NFTs (Non-Fungible Tokens) on Plethori for creating ETFs. As their ETFs gain more value, so will their NFTs.
Scalable: Plethori uses Optimism Layer-2 Solution to deal with a heavy load of transactions while maintaining speed without compromising security of the overall trading platform.
Fiat-Enabled: Plethori uses a special gateway to enable fiat money for purchases and investments of different ETFs. Thus, bringing more liquidity in the decentralized EFTs marketplace.
Plethori Protcol’s Token: PLE
The whole Plethori ecosystem will be powered and run by their ‘PLE’ utility token. The PLE tokens are based on a deflationary model with a total supply of 100 million out of which only 4 million are only available for the public. Use cases include having users utilize their PLE token as a way to pay a trading fee. As a truly decentralized platform, PLE token holders will have a voice to vote on the features they want (or don't want), as well as the next ETFs to be listed on the Plethori Platform. The PLE tokens can also be staked to earn yield farming.
Plethori Platform opens new gateways into the ETF marketplace in a decentralized, peer-to-peer manner through which hundreds of thousands of people will be able to trade and invest in ETFs (including creative ones) while cutting down heavy fees by exchanges and brokers, bringing transparency to the entire system. Most important of all, enabling millions of people to enter into this profitable marketplace.
The future is in trestles ETF trading..
The future, is Plethori Protocol.
For more information;
https://twitter.com/plethori
https://t.me/plethori
https://medium.com/plethori
Contact Info:
Name: Media Team
Email: Send Email
Organization: Plethori Protocol
Website: https://plethori.com
Release ID: 89006104
