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Globiance and Bitrue Exchange Listed Plugin (PLI) Token

Globiance and Bitrue Exchange Listed Plugin (PLI) Token

The Plugin links the smart contract to the real-time environment. Encrypting the data it receives from the data feed provider guarantees that it is accurate and reliable. This guarantees that feed is collected from different sources and aggregated via the use of off-chain computing.

The Plugin (PLI) token has been approved and placed on the Globiance exchange. A new PLI token has been added to the exchange, which, according to La Rosa, represents the “XDC Rapid Listing Initiative.”

The PLI token saw a nearly 67 percent increase in value immediately after the Bitrue listing. Before that, the crypto community expects that the PLI token price will see another upward surge, similar to the one that occurred after the token’s recent launch on Bitrue.

Almost 93 percent of the “XDC Rapid Listing Initiative” has already sold out to commemorate the collaboration on the listing process. Customers may trade the PLI/XDC, PLI/USDG, and PLI/GBEX pairings whenever convenient for them because of this synergy.

Plugin, a decentralized oracle platform, enables the creation of cost-effective intelligent contract solutions on the XinFin ecosystem. GoPlugin.co gathers data from various other sources, consolidates it, and ensures its customers always get the correct value. This is the most critical component for any decentralized oracle provider that wishes to maintain high customer confidence.

The “PLI” token powers the Plugin ecosystem. PLI token is based on XinFin’s XRC20 standard, which reduces GAS costs, speeds up transactions, and enables hundreds of Dapps to connect to Data Oracles used by Billions of people globally. The weather data decentralized provider project is now under pilot testing and is scheduled to be operational in November 2021.

Blockchain technology is not only for dealing with crypto assets; the emergence of intelligent contract-based blockchain frameworks such as XinFin Network and Ethereum can change the game. A prime example of this is the aforementioned DeFi space.

The main reason for using the Plugin is that it offers data feeds for a fraction of the cost of other Oracle suppliers. Thus, Plugin may be seen as a decentralized oracle provider that is cost-effective, scalable, and highly trustworthy.

Bancor Protocol Announces Features of Its Long-Awaited V3

Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version. In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading::Listen

Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version.

In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading volumes and allowing users to earn their favorite tokens seamlessly.

Features of Bancor 3

Some of the new features that will be introduced in Bancor 3 include an Omnipool that will allow all trades on the network to be carried out in one transaction, reducing gas fees and increasing efficiency.

Additionally, the Infinity Pool will remove deposit limits on Bancor liquidity pools, along with the introduction of trading liquidity, which is used for market-making, and superfluid liquidity, which is used in both internal and external fee-earning strategies.

With Bancor 3, users will gain access to full impermanent loss protection from day one of staking their tokens, as opposed to v2.1, which offers impermanent loss protection after 100 days.

Other exciting features that Bancor 3 will employ include multichain and layer 2 support, third-party impermanent loss protection, integration of Chainlink Keepers to promote efficient token burning, and many more.

Speaking on the development, Bancor’s Head of Growth, Nate Hindman, said:

“Across the industry, the issue of impermanent loss threatens to undermine the core tenets of DeFi by making liquidity pools unusable by ordinary users, and accessible to only the most sophisticated and wealthy users.

We must prevent DeFi from becoming a playground for the rich and connected to extract value from protocols and dump on everyone else — and this starts with fixing liquidity pools. Bancor 3 marks a new day for DeFi — one in which people and projects retake DeFi’s core building block to bring community-sourced liquidity to masses.”

Bancor 3 Coming in Three Phases

The staking platform revealed that it will be launching Bancor 3 in three distinct phases dubbed Dawn, Sunrise, and Daylight. These features will go live as soon as the first phase, Dawn, is deployed.

The project noted that the code for Dawn will be open-sourced in the coming weeks via a public bug bounty and activated based on a vote by the BancorDAO.

Globiance and Bitrue Exchange Listed Plugin (PLI) Token

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