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Callum Mitchell-Clark

Apr 17, 2021

6 min read

Recap: Plethori x Crypto Revolution AMA 10th April 2021

On the 10th of April 2021, Plethori CEO, Ryan Matovu, joined cryptocurrency community, Crypto Revolution, in their official Telegram channel for Plethori’s second official AMA. Here are some of the highlights:

Danny, from Crypto Revolution, started the AMA by asking Ryan to introduce himself and explain how he came to be involved in Crypto. Ryan responded:

Danny then asked Ryan: “Could you please introduce Plethori, in layman’s terms, to the Community?” Ryan succinctly described:

Danny then asked Ryan to elaborate on the function and structure of the ETF investment vehicle. Ryan responded:

Danny: “What kind of Assets?”

The host moved the discussion on to the eagerly awaited upcoming IDO — “When and where will the IDO be taking place?”

[The IDO details have since been announced. You can find the full details of the Dual-IDO HERE.]

Next, Danny and Ryan briefly touched on Plethori’s tokenomics:

Danny: “Nice. Small Market Cap so a lot of potential to grow. Is your Contract already audited or will be prior IDO and Listing?”

In the subsequent section of the AMA, Ryan answered several of Crypto Revolution’s community-asked questions. Below are a selection of some of the best:

1. “Some countries have strong regulations for ETFs; how is the project positioned? Some countries like Cuba and India [can make it] very hard to [introduce] cryptocurrencies! Tell me about the strategies for adoption in these countries.”

2. “I read your whitepaper, and one of the benefits states that “The ability to purchase in small amounts”. So far we know that using the Ethereum network is terribly expensive, so how do you plan to make this feasible?”

3. “I was just checking your website, there are info ‘Build on Polkadot’ and ‘Build on Optimism’ actually I understand about Polkadot chain but what is optimism? Can you explain that part?”

“What are your Marketing plans for the upcoming weeks/months?”

“Could you explain the use cases and benefits of PLE Token for investor?”

“Why did you decide to create your platform under the Ethereum and Polkadot ecosystems? What benefits do these chains offer that, for example, Binance did not offer them?”

“Almost every project want their project to grow and expand and I believe PLETHORI isn’t an exception for this, so what are your plans to grow and expand GLOBAL?

AND HOW DO you plan to make PLETHORI available in different language[s] to countries, especially those non English speaking countries?”

“Users will be able to easily pay using credit / debit cards, PayPal, and many other forms of fiat directly to your ETH and PLE tokens. Then, to convince users about this payment system, what kind of security system do you use?”

Danny then wrapped up the AMA, asking Ryan if there was anything else that he would like to share with the community. Ryan concluded:

The Crypto Revolutions Official Telegram Channel comprises some 8,000 members. They are a well renowned Crypto community and have an excellent reputation for conducting professional and engaging AMAs with up and coming projects. To read the AMA in full, CLICK HERE.

About Crypto Revolution

Crypto Revolution is a leading cryptocurrency news, education and discussion center. They are well renowned for their strong community and helpful technical analysis videos.

Website | Telegram | Twitter

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