Plethori

Plethori header

What is Plethori

  • Plethori is a decentralized cross-chain ETF Investment Platform that allows trading and the creation of trustless ETFs.
  • Plethori connects the Ethereum and Polkadot ecosystem empowering traders by providing a wide range of ETF Tokens to trade and invest and leveraging the technology of both blockchains, to open new avenues for investment strategies.
  • PLE is the native utility token of Plethori which has the following use cases:
  • Governance: Holders of PLE are eligible to vote on platform changes. The governance structure is complex but fair. PLE holders are separated into tiers depending on the strength of their vote.
  • Staking: PLE holders are capable of staking and receiving rewards on their tokens.
  • Access deposits and withdrawals for the platform: PLE holders gain access to PLE platform where they can have access to deposits and withdrawals for the platform.
  • Transaction fees: Transaction fees are low for PLE holders.
  • NFT Gallery: NTFs are given to PLE holders as rewards.

The project raised 1,095,000.00 USD in the following sales rounds:

  • Seed Round: 12.5% of the total token supply sold at 0.02 USD/PLE
  • Private Round: 15% of the total token supply sold at 0.03 USD/PLE
  • Private Round 2: 7% of the total token supply sold at 0.035 USD/PLE
  • Public Round: 3.8% of the total token supply sold at 0.04 USD/PLE

As of 12th May 2021, the total token supply is 100,000,000 PLE and a circulating supply of 18.4%

Key Metrics of Plethori (as of 12th May 2021)

Ticker

PLE

Token Type

ERC20, Polkadot

Circulation Supply

Total Token Supply

18.4%

100,000,000 PLE

About the Plethori

Plethori is a Cryptocurrency ETF Investment Platform that allows trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains.

Plethora’s service allows investors to deposit capital in the form of their PLE token and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency.

Plethori has the following features:

  • Cross-chain functionality: Interoperability gives seamless trading between Ethereum and Polkadot blockchains and opens up investment opportunities into key industries driving both ecosystems.
  • Layer 2 solution: Plethori is built on the ETH Layer 2 solution, Optimism.
  • NFT Integration: ERC-721 integration provides for the delivery of NFTs as perks to reward fund managers who level up.
  • Fiat Gateway: This allows users to purchase cryptocurrency directly within the platform using fiat.
  • ETF Trading Exchange: The V1 Platform is a fully-fledged trading platform with margins and leverage.
  • ETF Creation Portal: The V2 Platform gives users the ability to create their own fully customized ETFs.
  • Decentralized Autonomous Organisation(DAO): This includes a structure weighing system.

Recent News

Project Team

  • Ryan Matovu – CEO
    An ex-forex trader and serial entrepreneur with leadership positions on several ethereum-based projects managing developers and building partnerships.
  • Callum Mitchell-Clark – COO
    Crypto and Defi Enthusiast and Investor with 10 years managerial experience with several multinational organizations.
  • Neil Tiongson – CBO
    A marketing coordinator at Five Group Pty Ltd with over 5 years of experience in the creative industry. Plays several roles, and has worked with several international brands.
  • Bullo Taurus – CMO
    A marketer with 5 years of marketing experience and an expert in marketing strategy user acquisition, market trends, and investor psychology.
  • Sanders Poel – Blockchain Developer
    Co-founder of Apollo IT Consultants and Dew Exchange with over 3 years of experience as a blockchain engineer.
  • Ding Tian Blockchain – Developer
    Software engineer for ShiXiang Information Technologies and an expert in Binance Chain and BSC.
  • Michael Ayobamidele – Blockchain Developer
    10 years experience in the banking, finance, and telecommunication sector. He is a web developer and blockchain programmer, business developer, analyst, and strategy formulator.

Roadmap of Plethori

Q1 2021

Project Conception

Smart Contract Development

Platform Development

Whitepaper Release

Seed Sale

Private Sale

Smart Contract Audits 

Q2 2021

Public Sale

Token Generation Event

Plethori Platform (V1) Launch-Public Funds

Farming Vaults Launch

Binance Smart Chain Integration

CEX Listings

Plethori Platform (V2) Launch-Private Funds

ERC721 Integration-NFT Release 

Q3 2021

Plethori Platform (V3) Launch

Fiat Gateway

Plethori Governance Platform (V1) Launch

Mobile Application

Cardano Research and Development

Q4 2021

Plethori Governance Platform (V2) Launch-DAO

Polkadot Integration

Legal Licenses Applications

Incorporation

Traditional Finance Expansion

Economics and supply of Plethori

Token Allocation

Token Name

PLE

Community Rewards

2% of total token supply

DEX/CEX/IDO

2% of total token supply

Advisors

3.6% of total token supply

Public Round

3.8% of total token supply

Liquidity

5% of total token supply

Seed Round

12.5% of total token supply

Farming Vault

13% of total token supply

Staking Pool

13% of total token supply

Operations

13.3% of total token supply

Team

15% of total token supply

Private Round

16.7% of total token supply

Token Sales Data

Token NamePLE
Seed Round12,500,000 $PLE
Seed Round Token Price0.02 USD/PLE
Private Round15,000,000 $PLE
Private Round Token Price0.03 USD/PLE
Private Round 27,000,000 $PLE
Private Round 2 Token Price0.35 USD/PLE
Public Round3,750,000 $PLE
Public Round Token Price0.04 USD/PLE
Total Raised1,095,000 USD
  • Please click here for Token Distribution details.

Token Overview and Use Case

PLE Token is the native utility token of Plethori. It is used in an incentivized system for staking, farming, and fee mechanisms. PLE tokens use a locked-in mechanism through which profits are shared among all participants equally, according to the profit generated.

PLE Token can be used in the following ways:

  • Access to and deposit/withdrawals for the platform
  • Staking/farming for rewards
  • Voting rights in governance
  • Transaction fees

Token Governance

Plethori governance platform and community forum will be in charge of Plethori Governance. In this platform, token holders will be able to submit proposals and vote on changes to the platform which will be vetted and executed by the governance contracts.

Influences of the governance tier level and strength are;

  • Length of time holding PLE
  • Length of time staking/farming PLE
  • Frequency of usage of the Plethori platform
  • Level of engagement in the Plethori Governance platform
  • Community contributions

Technical Infrastructure

  Plethori is built on an interoperable DeFi protocol that allows cross-chain investments and trades. It also has a Fiat gateway integration that allows users to easily invest in crypto funds through their platform. This will facilitate fiat-to-token investing and create a bridge to the world of traditional finance.

  Plethori platform will also have NFTs integrated which will not only be tradable but also serve to reward ETF creators based on ranking and achievements. This will provide the community with advantages for use within the Plethori platform and other partner projects.

Plethori's Community Overview

  Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and the creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions.

Plethori platform offers decentralized cross-chain investments for exchange-traded funds built on the Ethereum and Polkadot blockchains.

Exchange-traded fund assets as of 2020 were worth $7.74 trillion according to Statista Research Institute. North America, Europe, and Asia own the largest ETF Industries worth over $7 trillion in total.

Plethori is positioned to capture a large part of these industries and expand the benefits of decentralization to traditional finance.

Plethori opens new opportunities to their users and leverages layer 2 technology to deliver high-speed, low-cost trading at the click of a button through their cross-chain functionality. They are built on an interoperable DeFi protocol that allows cross-chain investments and trades.

Future growth strategies:

  • Plethori will leverage layer 2 technologies across their entire platform to enable high-speed, low-cost trading and deliver fast contract executions creating a smooth experience for the user, using optimism.io.
  • Plethori will strategically disrupt the money market by facilitating a decentralized trustless investment network.
  • Plethori Protocol will allow users to stake collateral to create their own ETFs with their portfolio of tokens.

Community and social channels

SOCIAL

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