BTC Peers
Published Apr 01, 2021 01:05PM ET
Updated Apr 01, 2021 01:30PM ET
Plethori brings ETF to the decentralized sphere
ETFs are one the most preferred trading products in the world. A collection of different assets, these products offer the ease of investment diversification and at the same time, reduce risk. Traded in traditional markets, these profitable ventures have been out of reach of many people, especially the crypto community.
Plethori: unlocking ETF marketA decentralized trading platform, Plethori brings the exchange-traded fund market to the blockchain sphere. Leveraging the technology, Plethori offers an ecosystem that is more efficient and trader friendly. With blockchain, it does away with the need of middlemen and brokers that traditional ETF trade markets must interact with. The direct, peer to peer interaction means the traders on Plethori will not need to pay commissions, increasing their profits significantly.
Furthermore, the use of blockchain gives Plethori military-grade level security that the decentralized networks are famous for. At the same time, it offers transparency as anyone can view the distributed ledger, reducing frauds and insider trading. Additionally, Plethori has some unique features that make it more attractive than traditional ETF markets:
This has made ETFs very popular, with $7.73 trillion being traded in 2020, numbering more than 7600 types across the world.
Plethori tokenomicsThe complete Plethori network is fuelled by its PLE token. PLE will use deflationary economics, with only 100 million tokens that will be minted. The Plethori team has set aside different PLE funds, such as 4 million specifically for the public users who will trade on the platform. The rest are set aside for institutional investors, seed funds, platform development, farming etc.
PLE serves a tri-fold means on Plethori:
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Written By: BTC Peers
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