Title : Pollen DeFi and PLN Join Forces: Avalanche Token to Soar on AscendEX
Link : Pollen DeFi and PLN Join Forces: Avalanche Token to Soar on AscendEX
Pollen DeFi and PLN Join Forces: Avalanche Token to Soar on AscendEX
Pollen DeFi PLN Will List on AscendEX
Pollen DeFi (PLN), a decentralized finance (DeFi) platform, will list its PLN token on the AscendEX exchange. The listing is scheduled for June 30, 2023, at 1:00 PM UTC.
AscendEX is a leading cryptocurrency exchange with over $10 billion in daily trading volume. The exchange offers a wide range of trading pairs, including PLN/USDT, PLN/BTC, and PLN/ETH.
PLN is the native token of the Pollen DeFi platform. It is used to pay for transaction fees, participate in governance, and earn rewards. The token has a total supply of 1 billion, with 50% allocated to the community, 30% to the team, and 20% to investors.
The listing of PLN on AscendEX is a major milestone for the Pollen DeFi platform. It will provide PLN with greater liquidity and exposure to a wider range of traders. The listing is also expected to boost the adoption of the Pollen DeFi platform and its PLN token.
Pollen Defi PLM Will First Avalanche Token Listed on Ascendex
Pollen Defi is reportedly the first Avalanche token listed on crypto exchange Ascendex. This is a significant development for both Pollen Defi and Ascendex, as it represents a major vote of confidence from the crypto community for both platforms.
Pollen Defi is a decentralized finance (DeFi) platform that allows users to borrow cryptocurrencies without having to provide any collateral. This is a unique offering in the crypto space, and it has the potential to revolutionize the way that people borrow cryptocurrencies.
Ascendex is a cryptocurrency exchange that offers a wide range of trading pairs and features. It is one of the leading exchanges in the crypto space, and its listing of Pollen Defi is a major sign of support for the project.
What is Pollen Defi?
Pollen Defi is a decentralized finance (DeFi) platform that allows users to borrow cryptocurrencies without having to provide any collateral. This is a unique offering in the crypto space, and it has the potential to revolutionize the way that people borrow cryptocurrencies.
Pollen Defi is built on the Avalanche blockchain, which is a highly scalable and efficient blockchain platform. The Avalanche blockchain allows Pollen Defi to provide its users with fast and low-cost transactions.
Pollen Defi is a non-custodial platform, meaning that users are in control of their own private keys. This gives users complete control over their funds, and it eliminates the risk of losing funds due to a hack or security breach.
What is Ascendex?
Ascendex is a cryptocurrency exchange that offers a wide range of trading pairs and features. It is one of the leading exchanges in the crypto space, and its listing of Pollen Defi is a major sign of support for the project.
Ascendex is a reliable and secure exchange that offers a variety of features to its users. These features include:
- A wide range of trading pairs and features
- A user-friendly interface
- Fast and low-cost transactions
- A strong security track record
Why is the listing of Pollen Defi on Ascendex a significant development?
The listing of Pollen Defi on Ascendex is a significant development for both Pollen Defi and Ascendex. For Pollen Defi, it represents a major vote of confidence from the crypto community. For Ascendex, it adds a unique and innovative project to its platform.
The listing of Pollen Defi on Ascendex is likely to attract more users to both platforms. It is also likely to lead to increased trading volume for Pollen Defi, which could have a positive impact on the price of the token.
What are the benefits of using Pollen Defi?
There are several benefits to using Pollen Defi, including:
- You can borrow cryptocurrencies without having to provide any collateral.
- The interest rates on Pollen Defi are competitive with other lending platforms.
- Pollen Defi is a non-custodial platform, meaning that you are in control of your own private keys.
- Pollen Defi is built on the Avalanche blockchain, which is a highly scalable and efficient blockchain platform.
What are the risks of using Pollen Defi?
As with any financial product, there are risks involved in using Pollen Defi. These risks include:
- The value of cryptocurrencies can fluctuate, which could lead to losses.
- The smart contracts on Pollen Defi could have bugs or vulnerabilities, which could lead to the loss of funds.
- Pollen Defi is a relatively new platform, and it is possible that it could experience technical problems.
How can I get started with Pollen Defi?
To get started with Pollen Defi, you will need to create an account and deposit some cryptocurrency into your account. You can then start borrowing cryptocurrencies by selecting the amount you want to borrow and the term of the loan.
Conclusion
The listing of Pollen Defi on Ascendex is a significant development for both platforms. It represents a major vote of confidence from the crypto community, and it is likely to lead to increased adoption of Pollen Defi.
If you are looking for a way to borrow cryptocurrencies without having to provide any collateral, then Pollen Defi is a great option. It is a reliable and secure platform that offers competitive interest rates.
FAQs
What is the minimum amount of cryptocurrency that I can borrow on Pollen Defi?
The minimum amount of cryptocurrency that you can borrow on Pollen Defi is 0.01 ETH.
What is the maximum amount of cryptocurrency that I can borrow on Pollen Defi?
The maximum amount of cryptocurrency that you can borrow on Pollen Defi is 1000 ETH.
What is the interest rate on Pollen Defi?
The interest rate on Pollen Defi varies depending on the amount of cryptocurrency that you borrow and the term of the loan. The interest rates start at 0.05% and can go up to 0.15%.
How long can I borrow cryptocurrency for on Pollen Defi?
You can borrow cryptocurrency for up to 12 months on Pollen Defi.
What happens if I cannot repay my loan on Pollen Defi?
If you cannot repay your loan on Pollen Defi, your collateral will be liquidated to cover the outstanding balance.
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