Singapore, Oct. 28, 2022 – XT.com, the world’s first socially infused trading platform, is thrilled to announce the listing of Plugin (PLI) on its platform in the Main & Web3 zone and both the PLI/USDT and PLI/BTC trading pairs will be open for trading from Oct. 29, 2022, at 10:00 (UTC).
- Users can deposit PLI for trading on Oct. 28, 2022, at 10:00(UTC).
- Withdrawals for PLI will open on Oct. 30, 2022, at 10:00 (UTC).
About the PLI Token
PLI token is an XRC-20 token and part of the XDC ecosystem. The Plugin utility token will serve as a part of the payment system on the Plugin platform. Users requesting data would have to make payments in Plugin’s PLI token as a fee to the client contract. The farmer hosting a node would also receive payments in PLI. Users who want to utilize the data feed from the Plugin ecosystem will have to purchase PLI on exchanges. Before users request data or any value of assets from the data feed, they have to fund the contract using their XinPay wallet.
PLI’s total supply is 500 million. When Plugin becomes the industry-standard oracle service provider, there will be a high demand for PLI to fulfill contract requests. Additionally, the proof-of-burn mechanic functions to eliminate tokens from the circulating supply, so there needs to be a constant allowance of new PLI tokens created.
About Plugin
The Plugin network is a decentralized oracle platform with the core objective of providing cost-effective solutions for smart contracts in the XDC network’s ecosystem. 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 in regard to real-time data inputs for smart contracts that depend on it. The Plugin decentralized oracles network is designed not only to enhance but extend the capabilities of smart contracts by applying three basic resources in computing systems: networking, storage and computation.
The supporting attributes that make the Plugin decentralized oracle network possible include a 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 decentralized finance applications, including decentralized insurance, stable currencies, decentralized prediction markets, decentralized synthetic assets, decentralized exchanges, derivatives trading and a decentralized identity system.
- Website: https://goplugin.co/
- Twitter: https://twitter.com/goplugin
- Discord: https://discord.com/invite/4ATypYHudd
About XT.com
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 a nonfungible token-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 all over the world. Furthermore, to ensure optimal data integrity and security, we see user security as our top priority at XT.com.
- Website: https://www.xt.com/
- Twitter: https://twitter.com/XTexchange
- Telegram: https://t.me/XTsupport_EN