Plethori Forges New Partnership With Polkadot Data Provider — Kylin Network
Plethori is delighted to announce that they will be joining forces with Polkadot Data Infrastructure Network — Kylin.
Kylin has developed a comprehensive data collection and analysis system. Through leveraging the power of the Polkadot Substrate Framework, Kylin are able to supply reliable on and off-chain market and social data to any application or blockchain instantaneously.
Kylin are more than your average oracle solution. They collect, analyse and supply a wide range of data feeds, including that from non-primary indicators such as social sentiment, KOLs influence, on-chain querying, wallet diversity and number of holders.
Their data system will supply Plethori’s smart contracts with accurate, secure and timely real-world live data feeds, which will be used to drive the dynamic rebalancing of Plethori’s ETFs. Put succinctly — Kylin’s data feeds will make sure the Polkadot components of Plethori’s ETFs are valued accurately.
Kylin will also facilitate the collection and analysis of Plethori’s ETF trading and price data. As ETFs effectively enable the ability to invest in whole sectors and trends, the data surrounding the purchase of those ETFs will provide valuable information about the trends that they represent. The collection of this data allows for the future potential for monetization through data trading.
Plethori will be including Kylin Network’s token — KYL — in several of their V1 Platform’s ETFs, including the premier Polkadot ETF, Oracle ETF and DeData ETF. The inclusion will provide access to and investment in the KYL token across the multiple chains that Plethori’s ETFs will inhabit. It will also provide excellent exposure for both projects amongst the other’s community and ecosystem.
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily coordinated data sources and data analytics.
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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.
Website | Telegram | Twitter | Pitch Deck | Whitepaper
