Plethori V1 Platform — Public Investment
“ETFs aren’t just having a moment. They’re creating a movement.” — Martin Small, Head of U.S. Wealth Advisory at BlackRock
Plethori’s debut product, the V1 Platform, will offer investors the opportunity to buy and sell a wide range of crypto-based exchange-traded funds (ETFs).
How will it work?
The V1 Platform will provide a variety of ETFs, each made up of a select portfolio of tokens from different cryptocurrency sectors, for example — NFTs, Polkadot projects, Layer 2s, Insurance projects, Oracles, high market caps, low market caps, etc. Full details on each available ETF will be provided before the platform’s launch.
Users will be able to buy and sell Plethori’s ETFs on the exchange platform. The sole market will be ETH initially and a DOT market will be integrated later in 2021. Holding the PLE token will be the only pre-requisite to gaining access to the platform.
No user account is necessary. Simply connect your wallet containing PLE and you will gain full access to all of the platform’s features.
Platform Features
The V1 Platform is essentially a decentralized exchange where users will be able to buy and sell the wide range of ETFs available.
After connecting one’s wallet, users will be able to: place market orders; place limit orders; view their portfolio; check out their P&L and trade history; and follow all of their favourite ETFs closely, enjoying the full range of available statistical data for each.
Users will be also be able to chart all listed pairs on the 1m, 5m, 15m, 30m, 1hr, 4hr, 12hr and 24hr time frames. The platform, available in both Day and Night modes, will have a range of charting tools and indicators and users will be able to select either bars, lines or candlesticks to suit their preference.
Low Fees
Rather than paying 10 transaction fees (for example) to purchase 10 different tokens, ETFs allow investors to purchase all 10 different tokens for just 1 transaction fee. With the increasingly high fees on various networks (not mentioning any names!), traders often have to allocate inordinate quantities of their available capital toward fees. Plethori’s ETF structure means that more of your money will be actively invested, rather than disappearing into network miners’ wallets.
Diversification
ETFs facilitate portfolio diversification with a single purchase. Rather than relying on the success of an individual project, ETFs spread the risk by indexing the value of multiple tokens across a sector or industry.
ETFs are an essential component of any strong investment portfolio. Their ability to provide instant diversification with minimal exposure to trading fees is a great way of hedging risk whilst simultaneously freeing up capital.
Bringing ETFs to crypto like never before, Plethori’s V1 Platform delivers a unique product to a market hungry for such innovation. And with its very well thought out UI and clean and professional design, investing has never been easier on the eye than it is with Plethori.
Scheduled for release Q2 2021.
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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