Dear PLUG Chain fans,
Check out this AMA session between @prothedoge — The Dogecoin Millionaire and Mr Joey — Founder of Plug Link Fund & Incubator of PLUG Chain:
https://www.youtube.com/watch?v=axpd8fkl55c
In case you guys have no time to watch the entire video, we have specially summarised the minutes of the AMA session for readers to read.
Inspiration behind the name PLUG Chain
PLUG Chain was built on the basis of an oracle network to link up between reality and blockchain world — aka cross-chain by link up 2 different public chain to 1 blockchain, plugging in 2 different blockchain into one.
An example of it would be to input data from stock market or agriculture to transverse from a normal centralised world to a blockchain world.
Motivation to start PLUG Chain
The motivation to create a project like PLUG Chain was because China was repeatedly banning cryptocurrency as long as the China government deemed it as not tangible with no real use case.
PLUG Chain was founded to serve real business and traditional business. Asia has the most number of manufacturing factories and it is most suitable for implementing blockchain technology to enhance efficiency and streamline operating processes.
The Presence of PLUG Chain
In the blockchain industry, a lot of project developers do not want to reveal or dox themselves and they want to remain behind the scenes. Before PLUG Chain was announced LIVE on the market, the whole team was shown to the public and Mr Joey was selected as chairman to represent PLUG Chain. By doing a simple search on Google, Twitter, Tiktok or LinkedIn, one can find thousand of videos showing architects and awareness to educate the world about what PLUG Chain is really about.
This is why we have a huge fan based in Asia — more than 40,000 fans in China and more than 10,000 fan seven before going LIVE.
Background of Mr Joey
This is not Mr Joey’s first rodeo with blockchain projects. Mr Joey has years of experience running cryptocurrency POS machine, sold hundred thousands of machines and even got funding from Alibaba years ago. The company that Mr Joey was handling had even been to a NASDAQ interview.
Failures are inevitable and part of the learning process and we all learn to avoid making the same mistakes again and that is why Mr Joey is confident to make PLUG Chain successful.
How does PLUG Chain differentiates from Chainlink?
Chainlink is built on erc-20 — Ethereum chain.
PLUG Chain has the advantage on transaction speed
PLUG Chain Uniqueness
- Cross Chain and Oracle Combination — There is not much layer zero public chain that have solved the commensuration between the two despite their claims.
- High transaction per second and capacity — PLUG Chain is able to support the whole ecosystem. Since October, PLUG Chain already has more than 20 different projects and eco system running on PLUG Chain which consists of NFT, DEX, Metaverse, gaming and a lot of other projects that have already built on PLUG Chain.
How true are the claims made by Mr Joey?
It is difficult to find information about those projects as they have not done much publicity on news websites. One might be dubious about Mr Joey’s claims that 20 different projects that are built on top of PLUG Chain.
Since the day that PLUG Chain released tokens on exchanges, PLUGCN has rose up 90X and the price of the token is considered stable there. It is not really easy for tokens or public chain token to shoot up in the market exchange.
We are a healthy and stable community.
Credibility of PLUG Chain
We have applied for a certiK audit report and also queuing up applications at two other different audit firm. PLUGCN is listed on top exchanges such as LBank, XT and Hotbit and these exchanges have also been asking for audit report. We should get an answer latest by end of January 2022.
Huge Opportunity for PLUG Chain
A lot of projects in Asia are looking for blockchain network to launch their project and it is an opportunity for PLUG Chain to offer the service to help projects to run on PLUG Chain.
Shift of Marketing Strategy
Instead of spending more money on advertisements and branding.PLUG Chain will shift its focus from branding to spending more money on encourage projects to build on PLUG Chain and incubate more ecosystem.
We will encourage project developers with PLUGCN tokens to build on PLUG Chain. The more project running on PLUG Chain will bring more stability to the price of PLUGCN.
What PLUG Chain hopes to achieve
We hope that PLUG will be known to the whole world, especially those from the US and EU. PLUG Chain welcomes everyone to join the PLUG Community. Currently, 90% of the key users / early fans are from Asia and 50% of them are from China.
More Information About PLUG Chain?
PLUG Chain has 50 different node systems running on POS and we have more than 40 to 50 different nodes running on the blockchain and 100% are from Asia.
If you are able to access into the social media of china like douyin, billybilly,
Tencent, you will be shocked as there are more than 50 different videos explaining PLUG Chain.
There are ten different offices ran by different foundations with lots of videos explaining what PLUG Chain is since years ago. We are trying to move all the video from china to outside of china to get exposure.
Follow us for more updates!
About Plugchain
Plugchain is an open-source layer 0 blockchain with a low gas fee and high performance coupled with fast transaction speed. Primarily built for cross-chain use,it allows intercommunication among public chain intelligent contracts such as Polkadot, BSC and Heco through cross-chain technology. The framework of Plugchain include Application layer, Service Layer, Data layer, Network layer and Bottom layer.
To learn more about Plugchain , Please join Plugchain social Networks:
Youtube: https://www.youtube.com/c/OfficialPLUGChain
Telegram: https://t.me/plugchain
Twitter: https://twitter.com/Plugchainclub?s=09
