Introducing Plethori’s Premier ETF: The Polkadot Ecosystem Fund ($PEF)
With the release of Plethori’s V1 ETF exchange drawing closer, the time has come to reveal to the community the first of the carefully curated selection of passive ETFs.
A stark departure from everyday decentralized finance; each ETF will expose investors to a multitude of categories. No more trawling for gems, investors can now mitigate risk through buying swaths of sectors at a time. Invaluable in a market where trends change at dizzying speeds. Never again will cryptocurrency investors have to miss out on the latest craze, whether it be DeFi, NFTs, meme coins, or layer 2 solutions.
With Polkadot about to go live, it feels only natural for the first of Plethori’s ETFs to have its roots deep within this unique interoperable parachain network.
Polkadot Ecosystem ETF
With a “War of the Blockchains” on the horizon, Polkadot is poised to steal the advantage with its ecosystem of interoperable parachains. The notion of war however, doesn’t phase Polkadot, which seeks to integrate with ethereum and make it infinitely more scalable. Polkadot’s unmatched potential as a blockchain comes from its technical functionality as one giant crosschain in constant communication with a network of other blockchains, called parachains. This allows it to offer an unprecedented level of community governed, scalable, and network secure transactions.
Although Polkadot’s coin, $DOT, already commands an impressive market capitalization as a top ten cryptocurrency, this pales in significance compared to what Polkadot will become as it moves beyond its testnet rollout and launches functional parachains. Investors are paying attention because Polkadot is a surefire disruptor that will likely change the face of cryptocurrency forever.
With that said, below are Plethori’s selection of projects for their Polkadot ecosystem ETF. They are all projects that will prove central to its ecosystem and are therefore poised to blow up alongside it.
Polkastarter — requires little introduction to anyone familiar with IDO’s; they are the biggest and most successful launchpad to date. Even though they currently exist on the ethereum network, they plan to migrate to Polkadot so that they can continue to refine cross-chain token pools and auctions for projects that want to raise capital in a decentralized and interoperable environment. Given their proven track record, Plethori expects that they will continue to offer outsized return to investors.
Kylin — Polkadot’s decentralized data infrastructure solution is what Chainlink is to ethereum. Powered by Polkadot/Substrate, the Kylin Oracle offers multiple, real-time data sources with complementarity and synergy to off-chain workers. Once the parachains launch, Kylin will be massive.
Polkafoundry — describes itself as a one-stop dApp factory set to revolutionize blockchain by providing interoperability with NFT, DeFi and web 3.0 ecosystems. Their protocol will allow developers to build NFT auctions and marketplaces, open lending platforms, cross-chain DEXs, DeFi derivatives, decentralized insurance, and prediction markets. With rock solid fundamentals, Polkafoundry is a must for Plethori’s Polkadot ETF.
Phala — is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services while also managing to protect the privacy of their managed programs. As a Polkadot parachain, Phala is the only confidential contract protocol that keeps interoperability and composability. Phala’s obvious utility will distinguish it as a top token in its sector.
ChainX — enjoys the unique distinction of being the first project launched in Polkadot’s ecosystem. By expanding Bitcoin’s Layer 2 financial platform, ChainX wants to introduce cross-chain asset exchange. Employing Polkadot’s interoperability will allow them to realize their goal of promoting Bitcoin’s value flow, enriching financial derivative opportunities and improving hedging tools.
But… why not $DOT?
Despite its name the Polkadot Ecosystem ETF will be an ethereum-based token, comprised of ERC20 tokens, as will be the case for all the initial V1 ETFs. The polkadot network is due for launch later in 2021, at which stage Plethori will begin its cross chain journey which will allow for the inclusion of tokens from multiple blockchains. The plan is to include a percentage of $DOT in the Polkadot Ecosystem ETF in the future.
ETF Logic
All of the underlying assets in each of Plethori’s passive ETFs are selected using a strict set of criteria:
- the projects must have a minimum market cap of $3.5m USD
- they must be run by an accomplished and public team
- they must meet specific security requirements, and
- they must have a working (or at least viable) product that is solving a problem in their specific area of the market.
Each underlying asset will be rebalanced monthly to account for 19% of the overall portfolio, with the remaining 5% being made up of Plethori’s PLE token (as will be the case for all Plethori ETFs). Although passively managed, all of Plethori’s V1 ETFs will be reassessed by an ETF manager on a monthly basis to maintain the best host of assets possible.
The minimum required for the initial raise will be set at $100k USDT. Whitelist members will have first pick with individual participation capped at $10,000 USDT. Once the $100k target is reached, the underlying assets will be purchased and the Polkadot Ecosystem ETF will be generated and distributed to the whitelist winners. At the same time, the ETF will be listed on Plethori’s V1 exchange. More detailed information will be provided prior to launch outlining specific technical details, including pricing and redemption mechanisms.
As an additional benefit, all capital invested will be reinvested through staking or farming mechanisms in order to generate earnings that will be used to continue to develop Plethori’s ecosystem and/or reward investors.
Join The Whitelist Now!
The $PEF will become available to whitelisted members in the coming weeks. The only requirement for entry is to hold a minimum of 20K PLE. Whitelisted members will need to provide an email address and their telegram handle, as well as connecting via web3 to demonstrate the requisite PLE balance. Only those who retain the minimum balance will remain whitelisted.
About Plethori
Plethori is a Cryptocurrency ETF Investment Platform that allows open 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. This service will allow investors to deposit capital and invest in a wide range of ETFs enabling investment into entire cryptocurrency industries such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects and many more.
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