True to their vision (See further, react faster), PlutusFi has gone live some days ago, bringing in a new dawn for crypto companies and investors. Since its SocialFi environment, PlutusFi is the perfect fusion of Web 3.0, finance, and social mechanisms within a blockchain ecosystem.
Web 3.0 is the newest sensation among tech enthusiasts. No one can claim ownership of the mind-boggling technology since its development solely depends on users and different companies like PlutusFi. So, censorship and attempts to shut it down are technically useless.
The innovative idea allows its integration with DAOs granting users exclusive voting rights and data control. In other words, the adoption of Web 3.0 means a new level of freedom, privacy, and security. Doubtlessly, PlutusFi has already set itself on the path to success.
Beyond Web 3.0 functionalities, the company offers Software as a Service (SaaS) solutions to benefit crypto businesses, finfluencers, traders, and holders. Different mechanisms to ensure a safe and joyful environment for all parties are already in place.
For instance, PlutusFi leverages the perks within the NFT (Non-Fungible Tokens) space. The tokens will be used as social markers, to distinguish user rankings while granting several benefits to their owners. Furthermore, the issuance of irrevocable ownership certificates will help verify asset ownership, whether physical or digital.
Providing proprietary cutting-edge technologies, PlutusFi is also developing a Liquidity Bot, so that cryptocurrency projects are able to list their tokens on new markets, while providing the best experience for investors and professional traders.
Meanwhile, trading bots will make it easy for beginner and seasoned traders to make money. Included also is a rewarding social trading aspect to encourage the adoption of cryptocurrencies. Coupled with the platform’s user-friendly interface, investors will be able to:
- Experienced traders and finfluencers can profit by sharing personal setups with followers
- Followers can effortlessly activate profitable Trading Bots from community leaders
- Trade assets through API connections, from your own wallet inside exchanges
- Effectively manage multiple portfolios in a single place
- Track individual asset performance in different market states
- Automate orders, trading 24 hours a day, every day
- Manually customize and explore strategies, with dozens of active bots
- Track the performance of various trades within record time
Like other SocialFi’s, PlutusFi has its token (PLUFI), which can be used to store value and make payments. Solana will serve as the initial token network. The token’s issuance starts at 10,000,000,000, but will decrease over time, due to its deflationary economy.
Although PlutusFi is a few months old, it’s not a new project per se. Rather, it’s been consistently growing for the past three years. The first attempt was in 2018 when one of PlutusFi’s main engineers developed software that would automatically execute trades.
But just automating trades wasn’t enough. PlutusFi wanted to foster social inclusion, sharing knowledge so that crypto beginners and enthusiasts could tag along and slowly, but steadily grow their portfolios. Since social platforms are the pinnacle of digital engagements, the goal was clear: bring everything together through SocialFi tools. So the trials commenced. Followed by the development of PlutusFi’s first Trading Bot in 2019. There were also interactions with various programmers and platforms to help fine-tune the idea.
In 2020, the first Graphical User Interface was developed. The massive success of the project demanded the formation of a bigger technical team. PlutusFi is currently running an ICO campaign until June 20th. Also, the Trading Bots service is entering the Open Beta phase and it’s currently free to explore all features, but it will end soon. So don’t miss these opportunities!
Discussing the PlutuFi Project, Editor in Chief at Cryptonaire Weekly Mr Karnav Shah mentioned, “It’s rare you come across a project that explores wider utilities of the blockchain technology and expands the horizons with their SocialFi Revolution. We are truly excited to share the PlutusFi project and explain its fundamentals to our readers. We are certain that we will have more about this promising venture in our subsequent publications.”
A Quote from Thales Castro, PlutusFi’s Project Manager, “Platinum Crypto Academy might not be into the SocialFi business yet, but it is surely cementing one pillar of SocialFi’s trend; the informational. Information is the key element on every social group, dictating the flow of knowledge from one to another. No investment would ever happen without information, so being up to date and knowing where/how to research is what brought us this far as one big community. Somehow, everyone here had access to information and PCA is, indeed, contributing to our SocialFi growth.”
Hopefully, you have enjoyed today’s article for further coverage please check out our crypto Blog Page Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
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