Hey everyone and thanks to those of you supporting the project by participating in Power Farming and sharing our project within your connections.
Our team is making excellent progress with the Blockchain Integration Phase and will be heavily focused on going live with our initial partnerships.
We have so far announced 13 members of the PL^Gnet Partner Alliance who we are proud to be working with and who are committed to launching PL^Gnet with us.
They are partners from Exchanges, Staking Farms, DeFi Infrastructure, Liquidity Providers, Institutional grade investors, and importantly DeFi Protocols.
Right now, Partner announcements have been an exciting weekly part of the project and we will commence announcement of more partners in due course.
Our current focus is to integrate these Partners into PL^Gnet and demonstrate how they can work within PL^Gnet’s unique technology and DeFi protocols.
Our development team has achieved some awesome milestones which we cannot wait to show you in due course. Here is a sneak peak of our AMMDEX already functioning with Synthetic Assets:
Our goal is to build a blockchain that enables the future in Blended Finance and takes the protocols and efficiencies they deliver to a much wider market than the early DeFi adopters.
An important part of PL^Gnet’s goals is to make DeFi safer and to work with Alliance members from different industries to test diverse ways of onboarding new users.
By now, we know what PL^Gnet will become. One step toward doing this safely; is to provide a staging ground where promising protocols can be built and grow, be tested, and prove themselves according to a list of criteria.
PL^Gnet will launch a “Staging Blockchain”. (no spoiler here the name will be announced soon)
It will be: A blockchain built with the same technology as PL^Gnet and the same on-ramps as PL^Gnet Partner Alliance. To attract DeFi projects and manage the quality criteria, the approval to launch a protocol on this “Staging Blockchain” permission is granted to Partners rather than DAO votes like PL^Gnet.
One or all exchanges or Partners can choose to IEO or buy VC allocations on the launch of each protocol. Within the unique features of the blockchain we have already created modules what enable each DeFi Project to complete Liquidity Mining and Price Discovery during their validation process.
After minimum period of time if the protocol or project meets PL^Gnet criteria (criteria to be agreed by PL^Gnet DAO). Submission for PL^Gnet launch and Fork to PL^Gnet is submitted for PL^Gnet DAO vote.
Open Network Bridging will be provided from the IEO token from day one to TRC20, BEP20, ERC20 and “Staging Blockchain” to ensure maximum opportunities for all new projects and those who are already established and want to launch within PL^Gnet in the future.
There are some great incentives for the DeFi protocols to join and build in the “Staging Blockchain”:
- An alliance of providers at launch (huge advantage these days).
- An audience for VC and IEO.
- A managed on-ramp from day one.
- Multi-Chain Bridging without Smart Contract risk from day one.
- A path to PL^Gnet if they are good.
There will be an exclusive opportunity for the PLUG token holders to participate. We are excited to share these details with you during this Partner Integration Phase.
The “New Tokens” used within this “Staging Blockchain” will be pre-mined with PLUG tokens, this will be the only way to obtain the New Token prior to launch of the chain and from then on, the tokens will be earned through PoS validation rewards.
This exclusive opportunity will be provided in collaboration with the PL^Gnet Partner Alliance and PLUG token holders will be able to begin interacting with the Partners we have already announced to take part.
There will be a limited period and quantity for pre-mining, and this will benefit those who start earliest, however there will also be PLUG tokens to be rewarded during this period.
As you can imagine this part of our Roadmap is both exciting and very intense, during this period we will be communicating about the technology and the integration progress. This does not mean we have finished announcements for Alliance Partners. We have more Exchanges, Protocols, Funds, and other Partners signed up and ready to announce once the “Staging Blockchain” is live and we have integrated them.
