PLUTO NETWORK
Your one-stop Synthetic Derivative Market
Earn rewards for staking, get incentives for mining
The term “synthetic Derivatives” refers to derivatives emulating their underlying assets (which could be a stock, a commodity, an index etc.), but at the same time changing essential characteristics like the methodology of it price calculation. The methodology applied to their price calculation is exactly what makes them complex products.
Just like a similar product, synthetic derivatives give traders the opportunities to speculate on price changes without the actual need to owning the traded financial instruments. They are contract-based, meaning you can trade a given number of contracts, and each one of them will correspond to a base amount of asset in question.
The Pluto Network is a multi-chain synthetic issuance and derivatives trading platform which introduces mining incentives and staking rewards to users. By integrating Blockchains such as Solana, Polkadot and Binance Smart chain (BSC), enabling on-chain and cross-chain liquidity and trading.
Pluto Network offers users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable, and disruptive to the traditional derivative market.
What is a Staking?
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
And this would be possible only when
- When the minimum balance is met, a node deposits that amount of cryptocurrency into the network as a stake (similar to a security deposit).
- The size of a stake is directly proportional to the chances of that node being chosen to forge the next block.
- If the node successfully creates a block, the validator receives a reward, similar to how a miner is rewarded in proof-of-work chains.
Validators lose part of their stake if they double-sign or attempt to attack the network.
Couple with mining incentives and staking rewards, the Pluto Network Synthetic derivative Market will surely disrupt traditional derivative market. Which will be profitable and sustainable for a long time.
John Joseph
Official@plutos.network
