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About Plasma Finance
- Plasma Finance is a cross-chain DeFi aggregator that allows users to manage their portfolios from a single interface.
- The platform aims to democratize the DeFi market, reduce barriers to entry, and open up access to all user groups.
- Plasma Finance acts as a bridge between traditional and decentralized financial markets, offering advanced financial tools with industry-leading UX.
Founders
- Ilia Maksimenka is the CEO of PlasmaPay and Plasma Finance.
- Maksimenka has a background in economics, corporate finance, and financial technology.
- He founded PlasmaPay in 2017, which is a
Introducing Plasma Finance: Pioneering the Future of Digital Assets
Introducing Plasma Finance (PPAY): A Revolutionary DeFi Ecosystem
Plasma Finance is a pioneering cross-chain DeFi aggregator, empowering users to effortlessly oversee their diverse portfolios from a single, intuitive interface. With seamless accessibility, the dashboard can be effortlessly unlocked via any Web 3.0 wallet.
Delve into the intricacies of Plasma Finance by exploring our comprehensive analysis of this innovative project.
Plasma Finance proudly positions itself as the premier hub for decentralized finance (DeFi). The intuitive dashboard seamlessly integrates the most prominent DeFi protocols, providing a unified platform for users. The project’s core objective is to democratize the DeFi market, eliminating obstacles and barriers to entry, thereby making it accessible to a diverse range of users. By offering comprehensive solutions, the creators of Plasma Finance aim to cater to the needs of both novice and seasoned participants alike.
The developers’ ultimate objective is to craft an intuitive and streamlined dashboard, providing universal access to the most cutting-edge DeFi tools, thereby democratizing cryptocurrencies for the masses. By serving as a conduit between traditional and decentralized financial markets, Plasma Finance offers a suite of sophisticated financial instruments, boasting industry-leading user experience. Furthermore, it facilitates seamless connections to fiat on-ramps and off-ramps, enabling users to effortlessly send, exchange, and request payments, as well as deposit and withdraw digital assets with a single click.
The Visionaries Behind Plasma Finance: Meet the Founders
Plasma Finance originated with the inception of PlasmaPay
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a pioneering, non-custodial desktop and mobile crypto wallet boasting seamless global on- and off-ramp capabilities. Founded in June 2017 by visionary Ilia Maksimenka, PlasmaPay has evolved into a comprehensive global payments and transfer platform, accessible in over 160 countries. The platform offers a multifaceted suite of services, including crypto and fiat wallets, fiat on/off ramps, and decentralized finance (DeFi) infrastructure, catering to both individual consumers and commercial entities. The Plasma Alliance ecosystem serves as the umbrella entity, encompassing PlasmaPay, Plasma Finance, and PlasmaDLT
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the Plasma Blockchain.
Ilia Maksimenka, CEO of PlasmaPay and Plasma Finance, boasts an impressive academic background, holding an MA in Economics from Plekhanov Russian University of Economics and an MBA from McGill University. Prior to his current role, Maksimenka spearheaded International Business Development at Coursmos, an innovative open educational platform. His diverse professional experience spans corporate finance, stock exchange, and financial technology, with stints as a technical analyst in the government and a fund manager at a private investment bank. Between 2010 and 2016, he successfully founded a series of startups focused on finance and artificial intelligence. With a presence in the crypto space since 2013, Maksimenka has been instrumental in implementing financial infrastructures, driving product development, and fostering business growth.
Unveiling the Unparalleled Attributes of Plasma Finance (PPAY)
The vision of the Plasma Finance developers is distilled into a single, overarching goal: to democratize decentralized finance, making it universally accessible, and empowering individuals with financial autonomy through DeFi. By consolidating the most prominent protocols under one umbrella, Plasma Finance offers a comprehensive platform, equipped with a suite of user-friendly tools that cater to the average individual, while also satisfying the sophisticated requirements of institutional investors. At its core, Plasma Finance is committed to bridging the gap between large institutions and individuals, advocating for a level playing field. The project team firmly believes that financial services should be decentralized, transparent, censorship-resistant, and accessible to all.
The project’s overarching ambition is to democratize DeFi, making it accessible to the masses. To achieve this, the developers aim to demonstrate that leveraging DeFi through Plasma Finance is a seamless, intuitive, and, above all, secure experience.
The dashboard boasts a comprehensive suite of DeFi tools, encompassing portfolio management, fiat on/off ramps, liquidity pools, a decentralized exchange (dex) and swap aggregator, as well as lending and borrowing capabilities, and cross-chain asset swaps. The fiat ramps enable seamless token purchases directly from a card or bank account. Furthermore, the platform has curated a selection of the most lucrative strategies, consolidating DeFi assets, liquidity pools, and savings deposits, thereby empowering users to effortlessly compare and identify the optimal option.
To streamline your experience and conserve time, the dashboard conveniently provides automatic calculations of APY and P&L. Furthermore, you have the flexibility to select your desired ROI from a diverse range of over a hundred cross-chain liquidity pools, spanning prominent networks such as Ethereum, Binance, and Plasma, all accessible on the platform.
Furthermore, in June 2021, Plasma Finance unveiled SpacePort
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a democratized, open IDO launchpad built on the PlasmaSwap DEX, thereby democratizing access to crowdfunding on DeFi. This milestone enabled projects of any size and setup to leverage open, transparent, and fairer means of fundraising. Notably, Plasma Finance also serves as a hub for the Launchpad Alliance, a comprehensive overview of prominent IDO platforms, including PAID Ignition, DuckSTARTER, Polkastarter, Poolz, and DAO Maker.
In summary, Plasma Finance boasts a comprehensive suite of features, including swap, cross-chain swap, savings account, liquidity pools, market overview, governance, portfolio management, onboarding, borrow, and launchpad. As of July 2021, Plasma Finance has successfully integrated with prominent protocols such as Plasma Swap, Uniswap, Sushiswap, YFI, Balancer, Bancor, and Curve, further solidifying its position in the DeFi landscape.
What Is the Circulating Supply of Plasma Finance (PPAY) Coins?
PPAY (ERC20), the native utility token of the Plasma Finance ecosystem, serves as a commission and reward token within PPAY pools and PlasmaSwap. By holding PPAY, users can engage in the voting system, where 1 PPAY is equivalent to 1 Vote, thereby influencing decisions on DeFi projects, protocol updates, and development directions. Additionally, PPAY holders can stake their tokens to earn rewards, make in-app purchases within PlasmaPay, and facilitate seamless asset trading between blockchains, among other benefits.
The total supply of PPAY tokens is capped at 1,000,000,000. The distribution of tokens is allocated as follows: 52.5% is reserved for the community, with the supply locked for liquidity mining purposes; 6.5% is allocated to equity holders; 5% is set aside for reserves; 5% is designated for the seed round; 17.5% is distributed across private rounds 1 and 2; 1% is allocated for DEX listing; 10% is reserved for team options; and 2.5% is allocated to the advisory pool. The full distribution of PPAY tokens is slated for completion by the end of 2022.
Through seamless integration with six esteemed wallets – PlasmaPay Wallet, MetaMask, WalletConnect, Coinbase Wallet, Trust Wallet, and Crypto.com – Plasma Finance provides users with a convenient platform connection experience. Furthermore, the PPAY token can be acquired via two convenient methods: Ethereum wallets and swaps. Within the Plasma Finance ecosystem, users have the flexibility to either add liquidity to existing pools or create new ones, fostering a dynamic and diverse market environment.
The Security Architecture of the Plasma Finance Network
Plasma Finance (PPAY) is a cryptocurrency token built on the Ethereum network, backed by a smart contract that operates on the Ethereum blockchain. This self-executing program enables the establishment of trustless relationships, facilitating secure, transparent, and irreversible transactions and agreements between anonymous parties. All processes are trackable, and deal algorithms facilitate the secure exchange of value, documents, and other workflows within a trusted environment.
Acquiring Plasma Finance (PPAY): A Comprehensive Guide to Exchanges and Marketplaces
Plasma Finance (PPAY) is listed on a multitude of reputable cryptocurrency exchanges, although it is not directly purchasable with fiat currency. However, acquiring PPAY tokens is still possible by buying Bitcoin through fiat currency exchangers for cryptocurrency, and subsequently transferring it to an exchange that supports PPAY. Notable exchanges that list PPAY include Uniswap (V2), Bittrex, Bithumb Global, PlasmaSwap, Hotbit, Bilaxy, Hoo, 1inch Exchange, and CoinBene.
Delve into the world of Plasma Finance and discover the opportunity to earn PPAY tokens.
New to the world of cryptocurrency? Discover how to seamlessly enter the market and acquire BTC, PPAY, or any other token with ease. Learn more here.
Associated Resources:
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Delve into the world of decentralized finance with Uniswap (UNI) and SushiSwap (SUSHI), two prominent players in the DeFi ecosystem.
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