The Pollen DeFi protocol’s governance token, $PLN, will be listed on AscendEX on Tuesday, January 11th. It is the first Avalanche chain token to list on AscendEX, and it is the major centralized exchange listing for $PLN.
Pollen DeFi Makes Managing Cryptocurrency Portfolios Easier
It gives profitable traders and those who want to hold dynamically managed portfolios new ways to make money without having to manage allocations and assets themselves.
The Pollen DeFi ecosystem is unlocked by the utility token $PLN. Asset management, delegation to top-performing traders or self-management, the building of topical portfolios by influential traders and community owners via a DAO, tokenized asset indexes, and the possibility to earn (or burn) $PLN through good or bad portfolio decisions are among the features.
Pollen DeFi is prepared to release a game-changing set of product features into the burgeoning suite of multi-chain DeFi 2.0 protocols, thanks to funding and support from VCs such as Protocol Ventures, Fomocraft Ventures, Red Building Capital, AventuresDAO, Rarestone Capital, and Alphabit. Pollen has been growing for over a year, assembling a skilled staff with backgrounds in finance, governance, data science, mathematical modeling, smart contract development, and product development. With a genuinely decentralized asset management environment, Pollen DeFi is poised to disrupt a multi-billion dollar business.
Pollen DeFi is ecstatic to be the first token from the Avalanche ecosystem to be listed on AscendEX. AscendEX, based in Singapore, takes pride in listing cutting-edge DeFi projects on a platform that offers all of the features and benefits of a centralized exchange, including a smooth trading experience and liquidity. AscendEX, which is funded by Polychain Capital, Alameda Research, Jump Capital, and Hack VC, claims to have over one million retail and institutional clients and a daily trading volume of over $200 million.
Pollen DeFi Co-Founder and Project Lead Philip Verrien said:
“We are honored to be the first Avalanche token to be listed on AscendEX,” said the team. Through our initial listing on AscendEX, a whole new audience of potential Pollen users who want to engage in DeFi and the emerging Avalanche ecosystem but prefer the experience and capabilities of a CEX can now take their first step into the Pollen DeFi asset management ecosystem.”
On the fast, stable, and cost-effective Avalanche chain, Pollen DeFi was launched in response to community demand and an extraordinary wave of TVL growth, wallet expansion, and product innovation. Pollen DeFi is a cross-chain project that is continually analyzing DeFi patterns and user behavior, as well as listening to the ‘hive-mind’ community, to guide its future. A new project timeline is currently being developed.
The $PLN token’s mainnet is set to launch in Q1, so holders won’t have to wait long to put their $PLN to work in a variety of ways. While waiting for the mainnet launch, $PLN can be staked on AscendEX, which also offers a competitive APR to reward early adopters of this future DeFi and investing hub. Pollen DeFi’s Twitter will notify the staking opening time.
On Tuesday, January 11th, 2022, AscendEX will begin trading the $PLN/USDT pair. Wallets will be open for deposits about 12 hours before the event; please stay tuned to Pollen DeFi channels for more information. The Avalanche decentralized exchange Trader Joe now accepts $PLN for trading.
Pollen DeFi is a genuinely decentralized protocol to use the power of the “hive mind” to optimize assets for retail users, making crypto portfolio management easier for the next 100 million global investors to enter the future of finance.
The governance token, $PLN, is earned and burned based on the success of the portfolio. Pollen DeFi members have the option of managing their portfolios themselves or delegating them to experienced traders. Communities and significant figures will construct new portfolios through a DAO governance mechanism, allowing communities to tackle crypto portfolio management as a team.