The PLI/USDT and PLI/BTC trading pairs will be available on XT.COM’s Main & Web3 zone as of 2022-10-29 10:00 UTC.
From 2022-10-28 10:00, PLI can be deposited and traded by users. The PLI withdrawal window opens on October 30, 2022, at 10:00 AM.
A Few Words About the PLI Token
The PLI token is an XRC20 token that can be used within the XDC network. The PLUGIN utility token would serve as a part of the payment system on the PLUGIN platform. Tokens issued by Plugin, PLI, would be used as the transaction currency for user data requests to the client contract. The farmer hosting node would also receive payments in Plugin PLI tokens. Users who want to utilize the data feed from the Plugin Ecosystem would have to purchase PLI tokens on exchanges. Users must first deposit XinPay funds into the contract before making any data or asset value requests from the data feed.
PLI has a total supply of 500,000,000 tokens. As PLUGIN becomes the de facto standard in the industry as an oracle service provider, there will be a substantial need for PLI tokens to satisfy contract requirements. There must also be a continuous supply of new PLI tokens created because the Proof of Burn mechanism destroys tokens.
For the Plugin
Cost-effective options for Smart Contracts on the XDC network ecosystem are the primary focus of the Plugin network, a decentralized Oracle platform. Plugin ensures that external, off-chain information required for Smart Contracts is obtained from multiple reputable sources in a decentralized and secure manner. The decentralized oracle network helps eliminate single points of failure regarding real-time data inputs for Smart contracts that depend on it. The Plugin decentralized oracles network is designed to enhance and extend smart contracts’ capabilities by applying three basic resources in computing systems: networking, storage, and computation.
The supporting attributes which make the Plugin decentralized oracle network possible include High level of security, decentralized architecture to ensure single points of failure do not occur, censorship resistance, preventative measures to ensure malicious acts do not occur, and a user-friendly interface for ease of development and operation. Plugin is also committed to DeFi applications including: Decentralized insurance, Stable currencies, decentralized prediction markets, decentralized synthetic assets, decentralized exchanges and derivatives trading, and a decentralized identity system.
By consistently expanding its ecosystem, XT.COM is dedicated to providing users with the most secure, trusted, and hassle-free digital asset trading services. Our exchange is built from a desire to give everyone access to digital assets regardless of where you are.
Founded in 2018, XT.COM now serves more than 6 million registered users, over 500,000+ monthly active users and 40+ million users in the ecosystem. Covering a rich variety of trading categories together with an NFT aggregated marketplace, our platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.
As the world’s first social-infused digital assets trading platform, XT.COM also supports social networking platform-based transactions to make our crypto services more accessible to users worldwide. Furthermore, we see user security as our top priority at XT.COM to ensure optimal data integrity and security.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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