The Polkadot Ecosystem ETF Whitelist is Now Live!
Tags: Ethereum Blockchain, Etf Investing, Plethori, Polkadot Network, Cryptocurrency

Today the team is thrilled to announce that Plethori’s first ETF offering, the Polkadot basket, is officially available for whitelisting.

Exclusively for PLE 2.0 holders, the community can now secure their spot to be the very first bearers of Plethori’s premier ETF — the $PEF token. The single requirement is that they must hold a minimum of 20k PLE (currently valued at just $535). This will be a standard requirement for all future whitelists (so grab some while it’s cheap!)

Users must hold this 20k balance in their Metamask (or alternative) wallet. If the balance drops below 20k before the book-build begins then they will no longer be eligible to participate.

NB: Staked PLE will not count towards this balance.

Click here to join the $PEF whitelist.

Minimum PLE balance: 20k PLE

Maximum individual pledge amount: $10k USD

Minimum cap before book-build: $100k USD

All personal details (email and tg/twitter handle) will be kept in strict confidence.

For users who have yet to swap or buy the new PLE 2.0 token:

The new token was launched on Uniswap V3 at a price of $0.035 and can be purchased via this link: Buy $PLE 2.0

Plethori’s new $PLE token contract address is:

0x3873965e73d9a21f88e645ce40b7db187fde4931

Existing PLE holders are now invited to swap their old PLE tokens for the new token. For full details on how to swap, CLICK HERE.

Polkadot

Polkadot’s specialness as a blockchain comes from its technical functionality as one giant cross chain which is in constant communication with a network of other blockchains, called parachains. This will allow it to offer an unprecedented level of community governed, scalable, and network secure transactions. Although Polkadot already commands an impressive market capitalization as a top ten cryptocurrency, this is little compared to what Polkadot is set to become as it moves beyond its testnet rollout and launches functional parachains.

The Polkadot ETF Basket

Kylin (KYL) — 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. Plethori believes it will be massive once the parachains launch.

Polkafoundry (PKF) — 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.

Polkastarter (POLS) — 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.

Phala (PHA) — 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. Plethori believes that as the Polkadot ecosystem continues to mature, Phala’s obvious utility will distinguish it as a top token in its sector.

Chainx (PCX) — 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.

Each of the underlying assets will be weighted at 19%. The remaining 5% will be comprised of PLE 2.0 tokens. This will have a deflationary impact on the PLE token with each ETF that is rolled out. It will also cause a spike in PLE price each time the underlying assets are purchased.

For more details on the Polkadot Ecosystem Fund, please check out our Medium article here.