LBank&PlugChain 09.07 AMA

LBank:

Q: Please introduce the PlugChain team and the core business of PlugChain.

PlugChain:

The token price reflects the future growth trend of the community and will become higher if the expected user base growth is stronger. When the platform technology is expected to improve, it will attract more users and developers to join the community, and the appreciation of the token price is expected to make them make the decision to join the community and hold the token.

LBank:

Q: Community support is one of the factors of a project’s success. Most projects have plans to interact with users. Do you have any special plans to attract and expand your community and improve the user experience?

LBank:

Q: I learned about the upgrade of your mainnet on August 30, 2022. What changes has this upgrade brought to the PlugChain ecosystem? Can you list some of the reasons that motivated you and your team to launch the PlugChain project? What are the application scenarios?

PlugChain:

Answer: The main points of this mainnet upgrade are as follows: First, we adjusted the proposal fundraising time to 2 days and the voting time to 5 days; secondly, in order to cooperate with the all-round upgrade of the official brand, the ecological token PLUGCN Officially renamed to PC, and updated dump cosmos-sdk v0.45+ ethermint; v0.18+endermint v0.34+ ibc-go v3+. Also, we removed NFTmodule and added authz module. On August 29th, we released the V1.7.0 node update version to cope with this mainnet upgrade.

LBank:

Q: Income is an important factor in the survival and maintenance of all projects. So, how does your project plan generate profit and revenue? According to the roadmap, what is your next priority? Do you have enough funding and a strong community to achieve your goals?

PlugChain:

The biggest use of our public chain is to realize the transformation of business application web2.0 enterprises to web3.0, and to help the innovation and reshaping of traditional business models. We will introduce ecological investment, the gas fee generated by the interaction of the project development, and the economic closed loop that combines the protocol layer and the application layer. For example, our platform creates a diversified ecology such as DEX, NFT, GameFi, SocialFi, and DeFi, which can provide the platform with hematopoietic functions.

LBank:

Interestingly, one project clarified doubts about its token economics. I wonder, what is the total supply of $PC tokens? Will PlugChain allocate its $PC supply to the market and development through DAO? That is, do users have the right to participate in DAOs, participate in voting designs or other innovative products in the ecosystem?

PlugChain:

On September 6th, according to the blockchain browser, the total supply of PCs is about 4.844 billion, the total pledge of PCs is about 4.301 billion, and the circulation is about 542 million, which is 3.3%. PlugChain will launch PLUGDAO, a community-driven initiative to enhance PlugChain’s influence and further solidify PlugChain’s leadership in the oracle and cross-chain fields.

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Official Plug Chain™

Official Plug Chain™

3.3K Followers

An open-source layer 0 blockchain with a low gas fee ($PLUGCN) & high performance, Plug Chain’s designed for cross-chain usage with strong Asia Tech community.