Manchester, United Kingdom, September 14, 2021 (GLOBE NEWSWIRE) – With Plutuswap launching its AMM / DEX platform in the coming days, they are ready to set the standard for the Cardano De-Fi ecosystem in terms of UI / UX-friendliness while combining the simplicity and reliability of the Cardano blockchain in a single package.
Plutuswap’s product will focus on creating a seamless and smooth De-Fi trading experience for both traders and liquidity providers while maintaining high security measures and standards that are synonymous with the Cardano blockchain, as highlighted in their whitepaper.
Centralized exchanges simply work by matching the buy and sell orders of the asset being traded, while Automated Market Markers (AMMs) use a peer-to-pool technique to algorithmically calculate the asset price using what is known as a maintenance function.
AMMs have the obvious advantages over centralized exchanges in terms of decentralization, automation and constant liquidity provision.
Alonzo Hard Fork Upgrade:
The Alonzo Hard Fork Upgrade of the Cardano ecosystem will enable a smart contract functionality for creating and deploying “smart contracts” on the Cardano blockchain, which enables developers to create dapps and existing projects on other blockchains in order to access the Cardano -Blockchain to migrate.
Smart contracts are simply programs that are executed when specified conditions are met and that are stored in a blockchain.
They are typically used to automate the execution of an agreement so that all parties can have the outcome instantly without the need for intermediaries or wasted time. You can also automate a workflow and start the next step when certain conditions are met.
When fully functional, PlutuSwap.com will be a decentralized exchange based on the Extended Automated Market Maker (EAMM) protocol and powered by the UTXO mechanism of the Cardano Blockchain Infrastructure.
Plu exchange Ecosystem
The Plutuswap ecosystem is powered by $ Plutu, the platform’s native utility governance token with a total supply of 100,000,000.
The PlutuSwap ecosystem will include stake pools, liquidity provision, novel token launch mechanisms and cross-chain trading, all of which will be powered by the $ Plutu utility token.
The cross-chain trading protocol will be an additional utility, making PlutuSwap the preferred AMM / Dex platform on the Cardano chain.
Cross-chain trading simply means swapping your native Cardano ecosystem tokens for non-native tokens without using an intermediary or middleman.
It does this through the use of smart contracts that can process both or more types of tokens like ERC-20 and BEP-20, as project developers can easily connect their tokens to the Cardano blockchain.
Ongoing process for users
Plutuswap is currently on pre-sale for early adopters. By participating in the ongoing pre-sale, you can be one of the first owners of the $ PLUTU tokens before they are listed on an exchange.
You can take part in the Plu exchange Pre-salt Here. Ideas for the future are also in the works. Our goal is to dominate the Cardano network by growing the functionality of our ecosystem.
Media contact –
Company Name: Plu exchange