We are pleased to announce our next AMA on May 6th 2021 at 03:00 PM UTC Time: Satoshi Club x Plutos Network
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Plutos Network Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Plutos Network Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Plutos Network
For more details:
Plutos Network Website – plutos.network
Plutos Network Telegram – @plutosnetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Game elements are an important part of any video game and allow players to own digital assets. However, the elements of the game are centralized, cannot be easily interchanged, and are difficult to implement. What is Plutus and what is this platform based on? What are smart NFTs? In which blockchains do smart contracts reside? How are these assets distributed?
Game elements are an important part of any video game and allow players to own digital assets. However, the elements of the game are centralized, cannot be easily interchanged, and are difficult to implement. Plutus is a smart contract platform that enables smart NFT game developers, what else does Plutus allow? What does Plutus represent in games? Are the elements of the game centralized too?
Currently there is the problem that players do not actually own their items and do not have the freedom to send, receive and exchange these items due to centralization. What game element strategies does Plutus apply to unlock these features?
In the game on other platforms, game developers can manipulate, remove or completely close the elements, which prevents players from truly feeling ownership of their elements. Since many video games do not allow the exchange of items, shady markets are created with high fees. How does Plutus eradicate gloomy markets? What are smart NFTs implemented for? Can two collections be the same?
Difficulty developing a virtual economy
Many small indie games want to offer their users the ability to buy, sell, and trade in game items. However, creating a complete inventory and marketplace system is time-consuming and difficult. Smart NFTs are NFTs with dynamic properties that can change based on certain conditions. What does Plutus want to create? Does an NFT created by a non-game developer still require a game property?
Currently there are many difficulties in developing a virtual economy. Many small independent games want to offer their users the possibility of buying, selling and exchanging game elements. However, creating a complete inventory and marketplace system is time-consuming and difficult. I understand that games are unique and no two games can be the same. What features does Plutus enable so that there are no game clones? Can games have their product page? What can I put on the page?
Plutus will provide an easy-to-use user interface for creating smart NFTs, as well as an API for developers to create NFTs. These NFTs, along with all their metadata, will reside on the blockchain as BEP721 smart contracts. I understand that game developers can earn money from their NFT in three ways. Can you detail what these three ways are? Are game developers in control of all of its elements?
Plutus will provide a native marketplace for conducting NFT transactions created through Plutus. As we well know, in many exchanges, a lot of money is lost in exchange rates. Can I top up my Plutus checking account with fiat only from the bank account that is in my name or can it be from any other?
Plutus will provide a native marketplace for conducting NFT transactions created through Plutus. I have shown that in plutus cards you get a refund for each payment of 3% in PLU. Where do these rewards come from? Are these fees fixed monthly or do they vary? Is this obtained through inflation?
Hi Plutos Network!
Your website team section is an interesting one, 4 placeholders with the name of Juan Cepillas – must be an indispensable quartet of CEOs Jokes aside, it is always a pleasure to see a public and professional team! Could you please tell us more about the team working with you? Do you have many developers, are you guys mostly from one place? Was it difficult to find the right people for the job when you were starting? Thank you!
Hi Plutos Network!
Your roadmap shows a busy Q2! Alpha, IDO, TGE and more! I got a little confused when I saw your plans to Migrate to Polkadot and then integrate with BSC and Solana. On which blockchain are you releasing then and from which chain are you going to migrate to Polkadot? Does it mean you are also supporting Etherium? Thank you!
Hi Plutos Network!
Plutos offers to integrate leading DEXes such as Uniswap etc and offer infinite liquidity for users with the best trading experience and passive income. Uniswap launching v3 is an exciting recent event as we all surely agree. Will Plutos support the new version? How difficult is it to adjust your algorithms to accommodate both v2 and v3? Thank you!
Plutos has created a project where staking is an outstanding feature using derivative assets, is this service already available for other chains apart from Ethereum? What improvements do you plan to make with these migrations?
You aim to provide an environment for synthetic assets off with vulnerabilities of hacking such as flash loans, can you tell us what are the security milestones that you will implement to keep data and assets safe at all times? Is there an important partnership in relation to this issue?
How beneficial is it for a user to trade in the derivatives market between several chains and how do you determine which is the most profitable, between polkadot, solana or bsc? And what kinds of problems and needs are the developers of the plutos market willing to solve as opposed to markets that already exist?
Are fees paid when using the token wrap function between each chain ?, and for example when using a bridge between ethereum and solana, what kind of tokens are used for this process in the plutos market? Are there guides to teach us these steps?
One of the most important parts of plutos is staking to obtain profits, with what type of tokens can I participate, what amount and for how long will our coins be blocked? What would be other profitable ways to invest in plutos?
Pluto’s network will also be introducing mining incentives and staking rewards for users.. most of what will be tradeable on your Platform will be derivatives, options, contracts and swaps, so how will your mining and staking program work, what will users be Mining and what will they be staking and in doing this what will be their rewards..
With Plutos, all users can have access to synthetic assets from both traditional financial market and the crypto market… so why do you intend to include synthetic assets from both the traditional finance and crypto market instead of focusing on one of this since this are almost two different financial markets..and how will Plutos decide on what assets derivative, options and contracts will be tradeable on Plutos ..
How will Plutos Market for synthetic issuance and trading marketplace work, if a user wants to get issued a synthetic asset what do they need to do or be required to have..
The most common DeFi pools are lack of coin pairs. People can not migrate their coins to the DEX liquidity because of this reason. How fast do you think of solving this problem?
Community connections have a key role for successful projects. How much Plutos Network will interact and listen the wishes of its community?
Where did you get the inspiration of Pluto Network’s name and the logo?
From one of your articles i saw something called Pluto pool can you explain what this means, how The pool acts as a liquidity provider and acting as the counter-party when trading assets.
Hi Plutos Network!
Can you please explain to us cross-chain technical framework on Plutos Network and how the chain bridge work. Thank you
Plutos Network is to offer users synthetic issuance and trading services which are sustainable, profitable and disruptive to traditional derivative market. What feature(s) do you have on your platform that makes it disruptive to traditional derivative market, Is there any exciting thing to look out for from Plutos Network?
Will users who bet derivative assets on Plutos Network receive rewards from the Plutos team? If so, what kind of rewards and benefits will you offer to these users? Besides this, you also mention that the Staking service will be built first on Ethereum and then on Polkadot, could you tell us when will the OCW components be ready for implementation? Will the Staking service be available on other leading Blockchains like BSC and Solana?
When enabling the cross-chain and chain functionality, can you tell us about how you will be able to offer features such as stability, high interoperability and low cost of transactions? Will you offer a solution for the DEFI market, with respect to difficulty and limitations such as high gas rates and low transaction speed?
What are the goals you wish to achieve through Plutos Network, i.e., what do you most aspire to achieve with this project and what are the current objectives that have been set to move towards the fulfillment of this aspiration?
How does Plutos Network really guarantee that it will have Infinite Liquidity for its users, what mechanisms have they developed to fulfill this offer and how reliable do you consider it to be and why?
I checked the STAKING tag on your platform but I was redirected to the main page of the website I don’t know maybe users can only access it only through desktop. How is staking on your plaform, I’ve staked on some others platform where I received 5% of my staked after 30 days, what will be our profit after staking?
Pluto network choose to be integrated with BSC and SOLANA. What have you thought about these networks? Base on the reviews of the community, Ethereum is the best network, Why neglecting this and going for bsc and solana? Do you plan to own your network in the future?
Plutos network has uniquely aligned it’s products and services to cater for numerous demands. In it’s staking and pools, there are different frameworks and one of such is called “natural hedging” where borrowers and investors don’t have to bear the risk of FX rates by hedging against this risks and lending in their dominant foreign currency. Therefore, can borrowers lend with any currency of their choice with respect to their physical location if they so desire or are there limited or specific currencies accepted for this lending operation, and does this process apply to select cadre of borrowers and investors?
Plutus has a really small team at the moment comprising mostly of those with solid backgrounds in business, finances, management and trade. Though size necessarily doesn’t matter as long as the needed experience and expertise are present, but going forward as the project expands, wouldn’t it be necessary for Plutos Network to consider growing it’s team especially across boards and regions accommodating the unique needs of it’s investors and community from different parts of the world and what are some of targeted long term plans of Plutos Network and how will the community play a crucial role in actualizing it?
Starting the development of staking, Marketplace is part of your priorities. What are meant for the users to be doing in your marketplace? Do you plan for NFT trading in marketplace? Some project lower their transaction fee to be avoided, some even distribute it to the community as value and liquidity, what will be your transaction fee and your incentives programs for the Users?
According to Pluto Network roadmap, it was planned to kick-off the project this year. Can you share with us your experience during the process? What steps have you taken?
You also plan to start the development of staking, Marketplace and cross-chain Modules in Q1, Have you achieved all these? What is the transaction fee in your marketplace?
According to your website, Plutos Pool can offer infinite liquidity for users with the best trading experience and passive income, is your liquidity only available to your best trader or only to those that invest a lot in your platform. How can plutos pool be used be low investing users and how do want to fight the issue of slippage that we have in all Dexs (like pancake swap and uniswap).
As a user when using any cross chain medium, i will always try to see the ease in their limitless financial and technology composability. Briefly explain the difference your cross chain platform have over other platforms, how interoperable are the protocols in your cross chain medium, what are the other blockchain network you plan to introduce for cross chain in your platform.
Their is something you called “synthetic issuance” on your platform, which you promised to offer your users. Can i get a brief explanation on what synthetic issuance means, what are the services provided that makes synthetic issuance highly required by crypto users and adopters.
When using a cross chain and on chain medium now, the main thing we users try to check before we endorse to other users is the cost of transactions. What are the benefits of users that perform a lot of transactions daily on your platform, do your cost of transactions actively differs from other platforms own. How is the transaction fees spent or what is it used for in your platform.
Your cross chain protocol consist of the polkadot, bsc and the solana blockchain system. The solana blockchain system seems to be the talk if the crypto ecosystem now, how were you able to implement the solana system on your platform. Can your platform boast of seamless transaction with the inclusion of solana system on your platforms.
You gave all your users the opportunity to stake some assets on your platform,nowadays we have platform that don’t give users access to stake unless the provide liquidity on their platform. Do you need to provide liquidity before i can stake on your platform, I will like you to explain how staking can be efficiently carried out on your platform, how juicy are your APY also?.
As a cross-chain synthetic issuance & derivative trading platform which introduces mining incentives and Staking rewards to users. So how does mining and staking program works in Plutos Network? What is the highest APR being offered by your platform to users? Aside from mining and staking feature in your derivative trading,what other services you offered to your traders and users? In the future,what services you may add to your platform for more options of traders and investors to earn more and to stay with Plutos Network in a long run?
I checked your website and there is one feature get my attention. The Plutos Pool can offer infinite liquidity for users with the best trading experience. Is it really possible to get infinite liquidity. How this liquidity system works and how does PLUT staking works and what will be the APY’s?
There is a feature on your Poll with PLUT staking and minting. How’s the minting of PLUT tokens works? What is the consensus you are using for minting new tokens?
The derivative trading platform of Plutos Network built on Polkadot, BSC and Solana. But I see the migration to Polkadot and integration with BSC and Solana on your roadmap Q2. Are you going to start the platform with the Ethereum Blockchain or are you going to wait for those integrations to be completed and start with them? Can you provide scalability, security and accessibility with these three blockchain support?
With Plutos, all users can have access to synthetic assets from both traditional financial market and the crypto market. Providing access to synthetic assets in the traditional financial market, do you come across any legal regulations of different countries, do their laws influence Plutos, how do you deal with this?
According to the roadmap, the launch of the main network will take place in the third quarter. Are there any features and functions that, in your opinion, are very successful in the development of Plutos and will be of great benefit to the project itself and users?
Do you want to become a Dex and Cex aggregator providing services to users? Do you need Oracle to get real-time pricing data in a timely manner? I have always wondered if all such projects have Oracles, because I myself do not understand anything about them. Tell me, do you have your own Oracle or do you collaborate with someone? Can you help me figure this out?
I read from your site that The Plutos will introduce about stake reward and also mining incentives from 3 of your feature. That are Plutos Market, Plutos Pool and the last is Plutos Staking. Can you explain the detail to us about this 3 feature from the plutos?
The Plutos is a cross chain synthetic issuance. But from what I know cross chain should be supported with 4 coin or more. So there must be a standard marketplace for each coin, that why we need an Oracle. My question is do The Plutos have create your own oracles or have partnership with oracle project like Chainlink? How is the Oracle in your project work?
Synthetic asset project already start to popular in cryptoworld. As I know, this kind of project already exist for example like Synthetics and other but most of them base on Ethereum ecosystem. Because of under ETH, there are much trouble like slow speed and high fees. So how will The Plutos Network try to manage and solve this kind of problem? What new innovation that the Plutos network bring into this section?
Who drove you to create this wonderful project? did they have help from other companies or people?
What relationship does this incredible project have with the NFTs? or what relationship can it have in the future with the NFTs?
Transactions under this Plutos Network platform are fast and your gas cost is low?