Beginning at 10:00 UTC on 2022-10-28, users will be able to deposit and exchange PLI. On October 30, 2022, at 10:00 AM, the PLI withdrawal window will open for business.
A Few Words Regarding the Personal Access token (PLI)
Within the XDC network, an XRC20 token known as the PLI token can be utilized for many purposes. On the PLUGIN platform, the PLUGIN utility token would be integrated into the platform's payment system in some capacity. Tokens that were distributed by Plugin, known as PLI, would function as the transaction currency for user data requests that were sent to the client contract. In addition to financial compensation, payments would be made in Plugin PLI tokens to the farmer hosting the node. Users who wish to make use of the data feed provided by the Plugin Ecosystem will be required to acquire PLI tokens from one of the supported exchanges. Before users can make any requests for data or asset values from the data stream, they are required to first make a deposit of XinPay cash into the contract.
There are a total of 500,000,000 PLI tokens available for use. As PLUGIN moves closer and closer to being the de facto norm in the industry as an oracle service provider, there will be a significant demand for PLI tokens in order to fulfill the criteria of contracts. Since the Proof of Burn mechanism is responsible for the destruction of tokens, there must also be a continuous supply of newly produced PLI tokens.
The primary emphasis of the Plugin network, which is a decentralized Oracle platform, is placed on the provision of cost-effective solutions for smart contracts operating within the ecosystem of the XDC network. This plugin ensures that the external, off-chain information required for smart contracts is collected in a decentralized and secure manner from numerous credible sources. This information is required for smart contracts. When it comes to providing real-time data inputs, smart contracts that depend on it, the decentralized oracle network helps avoid single points of failure. By utilizing the three fundamental components of computer systems—networking, storage, and computation—the Plugin decentralized oracles network was developed with the intention of enhancing and expanding the capabilities of smart contracts.
Censorship resistance, preventative measures to ensure that malicious acts do not occur, and a user-friendly interface for ease of development and operation are the supporting attributes that make it possible for the Plugin decentralized oracle network to exist. The supporting attributes include a high level of security, decentralized architecture to ensure that single points of failure do not occur, high level of security, and decentralized architecture. Decentralized insurance, stable currencies, decentralized prediction markets, decentralized synthetic assets, decentralized exchanges and derivatives trading, and a decentralized identification system are among of the DeFi applications that Plugin is dedicated to developing
XT.COM is committed to provide users digital asset trading services that are the safest, most reputable, and easiest to use possible. To achieve this goal, the company continually works to grow its ecosystem. The foundation of our exchange was the idea that anybody, no matter where they are in the world, should have access to digital assets.
XT.COM was established in 2018, and it currently has more than 6 million registered users, more than 500,000+ monthly active users, and more than 40 million users overall in the ecosystem. Our platform seeks to cater to its huge user base by delivering a trading experience that is safe, reliable, and easy to understand. It does this by covering a wide range of trade categories and combining them with an NFT aggregated marketplace.
XT.COM is the first socially-infused digital assets trading platform in the world, and as such, it also facilitates transactions that are based on social networking platforms. This helps to make our cryptocurrency services more accessible to people all over the world. In addition, we place a high focus on the safety of our users here at XT.COM in order to guarantee the highest possible level of data integrity and safety.
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