Plutos Network Will Migrate To Solana

Published on: 21.05.2021

A cross-chain synthetic issuance & derivative trading platform, Plutos Network announced that they will migrate to Solana blockchain. Solana is a fourth-generation blockchain and cryptocurrency that leverages an open infrastructure to provide greater scalability.

The Plutos Network team has grown in confidence over the long-term development of the Solana ecosystem and the cutting edge technologies that it can offer to provide the best support in building a DeFi synthetic hub with functionalities that can outperform the market.

PLUTOS NETWORK DYNAMIC PLANS OF MIGRATION TO SOLANA

The Plutos team will build an oracle calling module, runtime module, migration module etc. based on Solana technologies using Rust for coding, as well as core smart contracts
The Plutos product will focus on Solana-based development and start the migration to Solana after the main-net product launch in July
The Plutos market applies an AMM mechanism, the team will begin discussions with Serum and Raydium teams for possible technical integration in order to offer the ultimate trading experience for users
The Plutos team will work closely with the Solana team for technical integration, user growth, and ecosystem building
The Plutos team will be prepared to attend future Solana hackathons and grant programs.

“Plutos Network is born to offer better solutions for DeFi Synthetics as current platforms are refrained from functionality breakthrough as they are Ether-based. By embracing Solana, we are definitely more confident that we can become that solution.”—Juan Capilla, CEO of Plutos Network

About Plutos Network

Plutos Network is a cross-chain synthetic issuance & derivative trading platform which introduces mining incentives and staking rewards to users. By integrating blockchains such as Solana, Polkadot, and BSC, enabling on-chain and cross-chain liquidity and trading, Plutos Network is to offer users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable, and disruptive to the traditional derivative market.