Plethori Announces The First Community Airdrop
Hello Plethorians,
Today the team would like to give the community a quick update on the status of $PLE’s Uniswap V3 liquidity pool.
Twelve days ago on the 6th of August, Plethori listed their brand new PLE 2.0 token on Uniswap V3.
One of the awesome new features of Uni V3 is that liquidity is concentrated. Rather than providing liquidity for the full price range (0-Infinity), liquidity providers can select a specific price range within which their liquidity will be tradeable. This means that it is more utilized by traders, and a more efficient use of capital, with significantly less being required than in the traditional models.
At the time of listing PLE 2.0 on V3, to match the same PLE liquidity as listed on V2, the exchange required only $28k USD in ETH. This has enabled Plethori to allocate significantly more available funds to development. At the present moment their UNI-V3 liquidity is $426,810.35.
When listing, the team set the standard 0.3% fee for the pool, which in just 12 days has earned over $10,000 USD in fees!
As a BIG thank you and to reward all of community members for their patience during the recent token swap, on the 31st of this month Plethori will be claiming the LP fees (estimated value $20k USD) and conducting an airdrop to all of those wallets that have swapped their old PLE tokens and still hold a minimum PLE balance of the swapped amount (if you sold, stock back up to take advantage of the airdrop!) This should more than cover the gas fees that PLE holders were required to spend during the swap, and also thank them for their continued support of Plethori’s mission to decentralize ETF trading!
After claiming their LP fees, the team will use the ETH to market buy PLE on Uniswap, before then distributing the full PLE balance evenly to all qualifying holders. Please scroll down to find out how to qualify.
This airdrop is specifically to reward our existing members who took part in the PLE swap. If you are a new member, do not fret, we will regularly be rewarding our community for their loyalty and you will be able to take part in future airdrops.
The project is now very well funded and well on its way to delivering a robust Crypto-ETF Creation and Trading Platform. At the current price, Plethori’s Operations Wallet is worth over $2 million USD, giving the team all the necessary resources to deliver an industry-shaping trading platform.
The team wish to extend their gratitude to Plethori’s loyal and ever-expanding community. The PLE team have all been working very hard and are excited about what’s to come!
How To Qualify For Airdrop:
1. Airdrop is for all old PLE holders who have swapped their tokens by the 31st of August 12pm UTC.
2. Must hold a minimum balance of the same amount that was swapped (if you sold, you can buy back).
3. The full amount of LP fees claimed will be distributed to qualifying participants ONLY. Estimated value of airdrop $20k USD.
Official Token Contract:
0x3873965e73d9a21f88e645ce40b7db187fde4931
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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