Preselected questions about the Pledge DeFi project.

D| Satoshi Club:

🚀🚀🚀🚀🚀

Q1 from telegram user   @asela1112

$plgr token sale will be begun on 05th of september & will last on 17th of september. And also registration for the public sale will be opened until 27th of september. So can you tell us the registering procedure step by step? Is kyc process compulsory in the registration event? How much is the percentage of allocation for public sale from total supply? What is the price of a $plgr token? What are the rules & regulations that you impose in public sale? Along with the public sale, is there an airdrop within pledge finance ecosystem? Will you conduct more token sales in future?

Mr 💎💎:

Sure. 1 the registration procedure can be found here at sale.pledger.finance. It is almost over so my dear Satoshi Club members please act quick. We got over registered for this time

D| Satoshi Club:

Hurry up Satoshi Club! 🥳

Jonah 🏅🎹 | Satoshi Club:

Lots of interest. 👏

Mr 💎💎:

2 step-by-step guide can be find here: https://www.youtube.com/watch?v=j8totgt04mm

Please follow our social media so you can get everything you need from usThe public sales registration ends on 9/27 11.45pm est, only one day left

D| Satoshi Club:

Oh I see there will be a live queue, so if you passed kyc and everything is not guarantee that you get a tokens

Mr 💎💎:

Here is the token distribution

D| Satoshi Club:

 https://twitter.com/pledgerfinance

Mr 💎💎:

In pub sale you will be put in a queue and take a number. If you are called, please please finish your purchase in 30min. Do not let other ppl grab your order lol

D| Satoshi Club:

Yeah, good info 😁👍

Jonah 🏅🎹 | Satoshi Club:

So if your order is grabbed is that all for the user. 😁

Mr 💎💎:

Yes, this is because we are overly booked. Hundreds of thousands of users want to purchase. And our service provider tokensoft told so.

D| Satoshi Club:

@aibutblockchain thank you for answer! I think we done with this question and can proceed to the next one?

Mr 💎💎:

Done

D| Satoshi Club:

Q2 from telegram user   @rotoxy

Pledge ecosystem will play host to two governance ecosystem tokens: plgr and master-plgr (mplgr). Why is it necessary to introduce two separate tokens that perform similar governance functions? Also, mplgr holders will be able to override plgr decisions when exercising governance functions? How do users obtain plgr and who are the ones that are granted access to mplgr? And does it means that holders of mplgr are more esteemed and valuable within your protocol? How will governance be done without creating unfriendly friction between both token holders?

Mr 💎💎:

Great question! Let me elaborate…

D| Satoshi Club:

And which one of these two tokens will be on sale?

Mr 💎💎:

Pledge is now built on the binance smart chain (bsc) and utilizes a dual governance token mechanism called plgr & master-plgr(mplgr) tokens. Plgr tokens are the utility and junior governance vehicle on the pledge protocol, whereas mplgr is designed to help handle a set of advanced governance decisions for the platform, which may influence the economic policies and incentive’s structure parameters across the whole ecosystem. Plgr is also a utility token, but it helps balance the ecosystem by being available to more users, thus encouraging users to staking.

The lenders earn plgr tokens and interest by depositing crypto currencies into the liquidity pool. The borrowers deposit their collateralized crypto assets into the liquidity pool in order to hedge against the crypto market risks and borrow out money to carry out their day-to-day activities.

With an innovative bridged dual token structure in pledge, one crypto asset can function as a yield farming vehicle while the other can function as a governance vehicle.

Plgr(pledger token) is the yield farming and utility token for defi applications, first deployed in bsc environment, with polkadot, heco, polygon, ethereum versions potentially being created down the road. Each environment is expected to have its own token standards, and each version of plgr token is swappable across different blockchains.

Mplgr (master pledger token) is the master governance token, that is initially based on erc20 token standard, with future bsc standards to launch. Mplgr is used to make governance decisions for the entire pledge ecosystem, and update any key parameters and token economics as needed.

So this time only plgr is on sale

Done

D| Satoshi Club:

What will be total token supply of mplgr? The same as plgr?

Jonah 🏅🎹 | Satoshi Club:

And how will users acquire mplgr will it also be through a sale like plgr?

Mr 💎💎:

Mplgr is very limited. At any given time t, the total amount for plgr+3*mplgr is 3b. This is in smart contract.

D| Satoshi Club:

Got it

Jonah 🏅🎹 | Satoshi Club:

Great.. 👍

Mr 💎💎:

Users will join pledge ecosystem and earn plgr. He/she can swap the plgr to mplgr for more governance activities.

Done

Pledge finance is the world’s next-gen open finance building blocks based on financial nfts. So please join the ecosystem to make it happen!

Jonah 🏅🎹 | Satoshi Club:

Awesome will the ratio of swap depend on the prices of each?

Mr 💎💎:

The swap ratio between plgr and mplgr is fixed on-chain at a ratio of 3:1, with the total supply of plgr + 3*mplgr = 3,000,000,000 (3 billion tokens). The plgr and mplgr swap bridge is decentralized and based on smart contracts.

The swap from mplgr to plgr token is 1:3, and each mplgr can be swapped to 3 plgr instantly through the swap bridge

The swap from plgr to mplgr token is 3:1, and there is a delay time of w (wait time), and a swap threshold of t number of plgr per month / per block.

D| Satoshi Club:

Thanks! Detailed explanation 👍

Jonah 🏅🎹 | Satoshi Club:

I see.. That means the supply of mplgr will always be plgr/3 don’t know if my maths is correct.. 😁

Yeah.. Well detailed I must say

Mr 💎💎:

Not exactly. The economy balance is plgr+3*mplgr = 3b

Jonah 🏅🎹 | Satoshi Club:

👍 clear enough

Mr 💎💎:

You will see interesting dynamics from the ecosystem, when it starts

Jonah 🏅🎹 | Satoshi Club:

The signs are positive..

Mr 💎💎:

Yeah, bring them on, d!

D| Satoshi Club:

@aibutblockchain many thanks for answer! Ready for the next question?

Q3 from telegram user @orlemys

Ptokens are the building blocks of the pledge platform. However, I noticed your tokens are pegged to stablecoins. Why is that? Would you please explain which is every one of these ptokens, what are their specific functions within your platform, and why you chose to have multiple tokens pegged by already existing ones, instead of a native one?

D| Satoshi Club:

Yeah, it would be interesting to know, what are those ptokens…

Mr 💎💎:

Pledge is a decentralized protocol which establishes money markets with algorithmically optimized fixed interest rates. When a user holds ptokens, pledge’s lp tokens, they receive a fixed interest rate called annual percentage yield (apy) with earnings accumulated per block, while borrowers pay fixed and predictable interest. Unlike other defi lending protocols, pledge creates various liquidity pools with different maturities for a given crypto asset featuring fixed lending terms. This allows users to frictionlessly exchange the time value of money derived from collateralized digital assets and stablecoins.

So stablecoins are for collaterals. Ptokens are lp tokens.

Based on ptoken, pledge provides a suite of decentralized financial contracts, defined as financial nft, hoping to facilitate its use and adoption as an integral part of the fixed income money market. These derivative trade smart contracts, which typically swap fixed-rate interest payments for floating-rate, interest payments are an essential tool for defi investors who can use them in an effort to hedge, speculate, and manage risk on or cross chains.

So indeed ptoken will be an nft.

D| Satoshi Club:

Very cool! How many liquidity pools are you plan to offer to your users? All pools will include pair to stablecoin?

Mr 💎💎:

Eventually a pool in pledge will have a thousand of tokens backed by financial nft. Right now we start with pair of stablecoins.

Jonah 🏅🎹 | Satoshi Club:

Can you also explain what this suite of decentralized financial contracts defined as financial nft’s are.. Not sure i’ve heard it called this way before..

D| Satoshi Club:

Great for start, starting with something stable

Mr 💎💎:

Sure, Jonah, let me address this very good question here:

Our goal is to build foundational technology and create building blocks for the next generation of decentralized and open finance. Unlike other defi projects, pledge is designed to allow the creation of innovative structured and collateralized lending products. These include fixed interest rate swaps, refinancing, and financial derivatives around credit markets in order to allow investors to build diversified portfolios tailored to whatever level of risk exposure they are comfortable with. These kinds of markets do around $500 trillion in trade volume every year. Innovations in fixed yield vaults, variable yield vaults, tokenization of yields, and seniority of bonds – represented in pledge using financial nfts – gives pledge a unique position as a “lego building blocks” maker, improvising capital efficiency and reducing liquidity friction.

Jonah 🏅🎹 | Satoshi Club:

We all love stability 😁