Plutos Network V3 Synthetic Platform Launches On Ethereum Mainnet

Published on: 26.03.2022

After months of design, development, testing, improvements and polishing,  Plutos Network is thrilled launched its V3 Synthetic Platform on Ethereum Mainnet.

Keynote features of V3

  • Plutos Network becomes the first DeFi synthetic platform which introduces a voucher token CHIP used in the tradings. CHIP will be a voucher token which facilitates user tradings as a benchmark of values during transactions.
  • Plutos Network developed its User Dashboard for users to get real-time info on their tradings and positions.
  • Rankings will be displayed. Now, user rewards will be offered for users with highest trading volume, highest ROI, etc, as the incentives to attract more users to its platform.

Tutorials and Guidelines

Future Plans and Continuous Improvements

  • The team will collect feedback from test users for continuous further improvements in regards to user experience, functionalities, species of trading assets etc.
  • Under V3, there are NOW only assets like BTC and ETH are supported. More assets will be supported, including stocks, swaps etc. Plutos AMM mechanism and integration with leading DEXs will eventually offer “infinite liquidity” for the best trading experience.
  • The team will then move on to integrations with other chains after running the mainnet V3 system for some time. Team will be focusing on building Plutos Network into a true Multi-chain DeFi Synthetic Hub to integrate chains such as Solana, Terra, Matic, Avax etc. for further development of Plutos Network ecosystem.
  • The team will focus efforts after V3’s mainnet launch on marketing and branding to drive for user acquisition and growth.

Trading competition to he held

Team will hold a trading competition for users to use the platform and welcome all suggestions and ideas which can help us with continuous improvements.

Notice on several smart contract addresses

Besides the PLUT token smart contract address on BEP20 (https://pancakeswap.finance/swap#/swap?outputCurrency=0x2984f825bfe72e55e1725d5c020258e81ff97450)

There are three more smart contract addresses in V3 synthetic system (Ethereum Mainnet:

  • “chip”:”0x70fC92a95cCC772769cBf3650bEA031B00E8BF10″
  • pusd_token : “0x3dfe621515206b583D5985Bb6F891E5F43868e73”
  • plut_token : “0xe7e4A857Ff7F1360C654147d29C38719bcA91A87”

CHIP as the voucher token is for substituting assets traded in V3 platform.

pUSD is for value pegging, under 1:1 exchange ratio to USD

RESOURCES
Medium
Market Stats:
BTC Dominance: 58.91%(+0.04%/24h)
ETH Dominance: 12.9%(-0.27%/24h)
Defi Market Cap: $69.22B(-3.81%/24h)
Total Market Cap: $2321.02B(-4.51%/24h)
Total Trading Volume 24h: $90.62B(+3.00%/24h)
ETH Market Cap: $299.38B
Defi to ETH Ratio: 23.12%
Defi Dominance: 2.85%
Altcoin Market Cap: $953.8B
Altcoin Volume 24h: $47.76B
Total Cryptocurrencies: 31996
Active Cryptocurrencies: 9915
Active Market Pairs: 88359
Active Exchanges: 759
Total Exchanges: 9498
BTC: 69160.07$(-1.46%/1H)
ETH: 2488.46$(-1.48%/1H)
AVAX: 24.68$(-1.01%/1H)
BNB: 573.32$(-0.78%/1H)
MATIC: 0.32$(-1.63%/1H)
FTM: 0.65$(-1.08%/1H)
ADA: 0.34$(-1.62%/1H)
DOT: 3.9$(-0.93%/1H)
UNI: 7.61$(-0.67%/1H)
CAKE: 1.74$(-1.1%/1H)
SUSHI: 0.67$(-1.45%/1H)
ONE: 0.01$(-1.22%/1H)