We are pleased to announce our next AMA on March 31st 2021 at 04:00 PM UTC Time: Satoshi Club x Plethori
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Plethori Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Plethori Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Plethori
For more details:
Plethori – @Plethori
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Do you plan on expanding beyond Ethereum and Polkadot blockchains in the future?
What role do you Smart Contracts playing in cryptocurency ETFs such as plethori?
Is Plethori Governance based upon proof of stake? Can you explain how this will work for an ETF?
Can you explain to me what new platform teasers, Launch announcements and partnerships Plethori’s Q2 will comprise? Did you get to accomplish everything in Plethori’s Q1?
Plethori has a service where investors can deposit capital in the form of PLE tokens and thus invest in a wide range of EFTs, what technology has control over this service? Why is Plethori eager to participate and invest in ETFs?
Plethori’s V2 platform is scheduled for release later in the quarter of Q2 2021, which will allow users to stake collateral in exchange for the skill to create customized EFTs, once the ETFs are published, who is in charge of pricing arrangements? Where will the transaction fees go to with each purchase of ETFs?
Your goal with the “LAYER-2 SOLUTION” feature you offer is, to enable ultra-low transaction fees and fast trades while maintaining high security, but how will you achieve with this to maintain a high service – quality ratio? Where does your liquidity pool come from?
Your ecosystem will reward high performing fund creators with NFT, what system will you use to qualify the advantages each user gives to your platform?
This powerful union between these incredible ecosystems, Ethereum and Polkadot in Plethori, are responsible for achieving one of the qualities, which fixes much of the attention of investors, such as ultra low commissions, speed and maximum security ? can you tell us how Plethori achieves the synergistic work of the 2 ecosystems to achieve this wonderful achievement ?
The incredible proposals that Plethori presents as developers is wonderful and they work all the implements harmoniously, security, scalability, innovation, this thanks to the union of the Ethereum and Polkadot ecosystems, reviewing the path of this 2021, they also hope to integrate Binance Smart Chain, what do they hope to achieve with this ? the commissions will be mega ultra low ?
What are the functionalities of the transversal chain? is it scalable towards the BSC network or only applies to ETH and DOT?
Plethori is a decentralized cross-chain ETF Investment Platform that allows trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. What is a ETF exactly? I read that ETFs can be traded and earn a share of the profits from transaction fees. Are the EFTs similar a NFT or what? What is the aim of them in your platform?
I read that Plethori will connect the Ethereum and Polkadot ecosystems 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. BUT in your roadmap for Q2 2021 is planned the Binance Smart Chain Integration, it will be the cherry of the ice cream if your platform have the three ecosystem (ETH, Polkadot and BSC). What are your plans regarding the new integration? How do you expect BSC boost you in being a more recognize project? When will it be available?
I read that Plethori’s debut product, the V1 Platform, will offer investors the opportunity to buy and sell a wide range of crypto-based exchange-traded funds (ETFs). Can you tell us more about this? What features will this V1 platform include and why is it a V1 and not a definitive version? Also, speaking of this ETFs you will offer in this V1, on what will you be based on to make them?
Among Plethori key features we have cross-chain functionality, NFTs, layer 2 solutions, fiat gateway and governance. Nowadays these features very common in the industry, but if a BIG investor ask you powerful reasons to invest their money on you or even make a partnership, how do you convince him that you are a new and excellent option as a project? What are your highlight drivers boost?
I read that one of the innovative features of Plethori is that no user account is necessary, can you tell us then how will your platform work and why did you decide to work with a no user account needed system? And how secure will this be? What security methods will you have to protect people’s funds?
While looking at your website, I couldn’t see any information regarless of your governance model. Can you tell us more about it? Will $PLE holders have any kind of privileges or rights when it comes to voting on the governance of Plethori? If so, on what decisions will they be able to participate and what holding requirements they need to complete to be able to be part of your governance? Will holding $PLE be the only way to be able to participate on this kind of important issues?
Bringing ETFs to crypto like never before, Plethori’s V1 platform offers a unique product to a market hungry for such innovation. And with its well thought out user interface and clean, professional design, investing has never been easier on the eyes than with Plethori. What date approx. Users will be able to buy and sell Plethori ETFs on the exchange platforms and what will those platforms be?
Users will also be able to plot all pairs listed in the 1m, 5m, 15m, 30m, 1hr, 4hr, 12hr, and 24hr time frames. The platform, available in Day and Night modes, will have a range of charting tools and indicators and users will be able to select bars, lines or candlesticks according to their preferences. Users will be able to buy and sell Plethori ETFs on the exchange platform. I understand that the only market that will be put to order in the first sale will be ETH initially, what are the other markets that will be integrated later and on what date?
The V1 Platform will offer a variety of ETFs, each ADE from a selected portfolio of tokens from different cryptocurrency sectors, for example – ONFs, polkadot projects, layer 2s, insurance projects, oracles, high market caps, low caps market prices, etc. What rates does the platform implement to mark the before and after before the Defi world? What requirements must be met to obtain Pletori tokens?
You mention being the first decentralized cross-chain ETF trading platform and ETF creation protocol built on Polkadot but ETFs (Exchange-traded fund) are assets that are listed on the stock exchange and they help to invest in a diversified way and with low cost but carry This blockchain system would imply other risks such as votality, fomo, apart from being assets other than cryptocurrencies since they are listed on the stock market and the price would not be handled in these assets by the CMC, so how do you manage to make a Cross chain system based on these ETFs with Polkadot to maintain the interporability between ETF assets and cryptographic world assets, how they diversify trading on this platform and what they offer the user to invest in you and generate wealth in a Defi system through ETFs and their platform?
Plethori is focused on ETF tokens. What are the particularities of the token that makes it more important than ERC20 for you?
What is the role that Polkadot Plays in the ecosystem of plethori?
In general, the commissions in traditional investment funds are quite high. What margin of commissions does the Plethori project handle, for those who want to invest in ETFs, through this platform?
What are the benefits and how will high-performing fundraisers be rewarded with NFT?
What benefits will the Plethori platform bring to its clients, by being connected to the Ethereum and Polkadot ecosystems and allowing investors and traders to take advantage of the technology provided by each blockchain that is so important to the crypto market?
Users will be able to buy and sell Plethori ETFs on the exchange platform. I understand that the only market that will be put to order in the first sale will be ETH initially, what are the other markets that will be integrated later and on what date?
Plethori is a cryptocurrency ETF investment platform that enables open trading and creation of ETFs using blockchain technology and Eth Layer solutions 2. Its platform will offer decentralized cross-chain investment for exchange-traded funds built on top of chains of Ethereum and Polkadot blocks. Excuse my ignorance, can you explain what ETFs consist of and for what purpose are they used in the market? What is the structure of the ETF?
Instead of paying 10 transaction fees (for example) to buy 10 different tokens, ETFs allow investors to buy all 10 different tokens for just 1 transaction fee. Are Exchange Traded Funds (ETFs) Multipurpose Funds?
Does mitigating service lag speed up network congestion?
You recommend that we invest in entire industries such as insurance, NFT and Oracles, in order to take advantage of the changing trends in cryptocurrencies, but could you explain to us what relationship and benefit NFT, oracle and insurance have with changing cryptocurrency markets? Could it be that the more volatile the more value the oracle get? or what?
I read that they plan to include the BSC chain in their road map, and that they are investigating Cardano, but really how many chains do you plan to include Plethori?
I recently heard information about the development of a BTC ETF creation in Canada, and that it will create an impact on the BTC, but what is an ETF really? Are they related to already established currencies or can it be a separate currency?
In terms of security, how reliable and solid is Plethori? Will it be necessary to implement privacy mechanisms or protocols to achieve your security? or is decentralization safe enough?
You point out that users will be able to earn valuable NFTs that provide benefits on the platform as the fund moves up the rankings, but what rank do you really mean? Will it be that the more I invest, that I will be able to opt for their NFTs?
Will these trading platforms only connect the different blockchains allowing you to invest in any of them? Or will Plethori also look for a way to connect traditional coins to this type of investment?
sorry, i confused!
You point out that in Q4 you will develop Legal License Applications, but could you really give us more details about those “legal licenses”? What will they have and is it really a necessary application in DeFi?
I understand that currently Plethori will connect the ETH and DOT chain empowering traders by providing a series of ETF tokens, but really why start with just these two chains instead of involving the BSC at once? Or will they hope that the BSC chain will be able to develop even more?
With the ETF market’s current value soaring at an astronomical rate and potentials for further expansions & increase steadily rising, Plethori has done a brilliant job to usher this attractive and lucrative market opportunity which previously had a more traditional investment structure, to the crypto and DeFi marketspace. With the well known complexities of traditional ETFs how will Plethori efficiently and conveniently make this venture less worrisome and more attractive, appealing and profitable to the DeFi community?
What are some of the security features put in place and vital partnerships entered by Plethori to ensure a secured, safe and seamless use of its product even to persons with little or no knowledge of the complexities associated with investments on ETFs?
One of the capability of Plethori Protocol is users can earn a percentage of the transaction fees for every trade on the platform. So can you explain how this works? Is this earnings applicable to all traders in Plethori? How will the earnings from transaction fee be distributed to users or traders in your platform? Is this earning be withdrawable in Plethori? Thank you
The ETF Trading Platform of Plethori is coming soon but literally can you tell us what is the meaning of abbreviation ETF? How does ETF Trading platform works? How can we earn in trading thru ETF? Thank you
I have to say, low transaction fees promise with Optimism, fast trading and high security got me quite optimistic! 🙂 Since you will be supporting ETH network will it be possible to have low fees not only on Polka but also on the ETH network? Thank you!
Plethori advertises that it will have a FIAT GATEWAY, a decentralized bridge to the traditional finance world allowing for fiat purchases and investment. Could you please share more details? What payment systems and currencies will it support? Will it support fiat withdrawal? Thank you!
Plethori is an ETF Trading Platform, I understand it will be geared towards creating crypto space ETFs at least at first. I wonder if you plan to integrate with the traditional stock market in the future to support creation of the ETF based on the companies from S&P 500, Nasdaq, Russel etc?
Can I get a percentage of the commission for every trade on the platform? Are my transactions taken as a basis or everything? How does this process look like, how is the percentage of return I receive calculated, in what period of time is it credited and where?
What NFTs do you consider to be valuable, what gives its owner special advantages on the platform? And what are these benefits?
On your roadmap for Q4 2021 you have: Legal Licences Applications planned. What licenses are we talking about in this case?
I just checking your website, there are info ‘Build on Polkadot’ and ‘Build on Optimism’ actually I understand about polkadot chain but what is optimism? Can you explain that part?
I see that Plethori just launching the V1 platform ETF ( exchange traded fund ) which able to do buy and sell only connect with wallet, but isnt this similar with how DEX work? What new innovation that V1 platform have than other DEX/CEX?
Plethori project only started its development early this year. But how long had you’ve been gathering ideas and the technology that will be use on the platform? How many people are working to build the project?
Could you please give us the general overview regarding Plethori project? And what is the great innovation that Plethori bring to crypto space through your platform?
NFTs will be integrated on Plethori Platform. What will be the usecases of Plethori NFTs that gives value to it? Are you going to build your own NFT Marketplace?
What DeFi projects right now that can be Plethori Platforms biggest competitor? What is your advantages and new innovations that can get you ahead of the market?
Maybe my question seems uneducated to you, but there are a lot of people like me who don’t understand what Exchange-traded funds (ETF) are? You offer not only trading, but also creation. Please explain what coin projects are or are they indexes of baskets of coins? What are the conditions and restrictions for me to create an ETF?
Your professional team includes Adesh Kolte, who is of the top 100 most respected hackers in the world by Microsoft. The wages of such professional are very high, more of this you have another high professional with a high wage. How can a young project afford such a large and highly professional team?