Recap of AMA — Plug Chain x Synopsis
Dear Plug Chain fans,
Previously we mentioned that we were invited to the Synopsis Event as a guest speaker in this article here. We have taken the time to do minutes for the video in case our fans prefer to read a summary of important points instead of watching the full entire video.
In case you are interested, here’s the full recorded video of the event for fans that have missed out on this event:
What is Plug Chain?
In simple words, Plug Chain the combination of oracle network and cross chain. It is a high performance public chain dedicated to information and data interaction. Another way to put it is that Plug Chain unifies Ethereum, Polkadot and all of these public chain into one.
The short symbol for Plug Chain is PLUGCN.
We are not just any token by itself with no utility.
We are an entire ecosystem.
Why was it named Plug Chain?
Just imagine you have an iPhone or Android phone and you have to plug it in to have electricity to stay connected.
Likewise, with Plug Chain we aim to connect the centralised world to the decentralised world.
Similar to owning an adapter (a PLUG), in order to use electrical appliances from China in London, you require a different plug (adapter) to make it work.
We aim to bridge it by utilising cross-chain.
How do we achieve that?
By sharing data from centralised servers, be it share markets or centralised stock exchanges. We are also focused on cross chain by pulling data from other public chain and recording it in Plug Chain.
Plug Chain has it own smart contract that is upcoming, called Prc20 that will be launching on around March or April 2022. We have our own smart contract that works like the ERC20 and TRC20 which represents Ethereum Chain and Tron Chain respectively.
Plug chain is an oracle network with cross chain functions.
Background of Mr Joey
Mr Joey is the founder of Plug Link Funds and incubator of Plug Chain.
He is also an early investor of Plug Chain.
Mr Joey has been staying in China for the past 17 years and is deeply involved in the cryptocurrency world since 5 or 6 years ago.
Cryptocurrency Point-of Sale Machines
Mr Joey used to be part of the team that founded the world’s first point of sales machine — that accept bitcoins and cryptocurrency. The company he worked for was the world’s first manufacturer for POS machine that accepts cryptocurrencies.
Deployment of such machines were located in shopping centres in Japan, Korea, Singapore and Malaysia. The POS was able to accept different cryptocurrencies. At the peak of it, the team managed to have 30,000 merchants around the world that have been convinced to accept cryptocurrencies such as Bitcoins, Ethereums and USDT.
The reason is that Mr Joey believes that cryptocurrency is not just meant for investments, it is meant to be shared to everybody so that the consensus is even stronger. Everybody should adopt it and accept it that’s the reason why the started off with POS that accepts crypto.
Venturing into a whole new world
Around April 2010, Joey managed to found a team that was strong enough and passionate enough about block chain to develop cryptocurrency projects and managed to recruit a great technical leader — Mr Bowen.
Mr Bowen is currently the chief architect of the whole Plug Chain network.
You can follow him on twitter here: https://twitter.com/Bowen_PlugChain
Current Progress and Future Plans and Projections
We will be proving to the whole world and community that we are continuously working hard. We managed to list in LBank, Hotbit and XT.com (second tier exchange at the moment) that might rise up to first tier exchange in the future.
We started off at 0.001 USDT and we have reached an ATH of 0.31 after 2–3 months and we are not going to stop there. We would like to express our thanks for the tremendous support from the community in Asia, China, Japan, Singapore, Pakistan and etc.
They made it happen as they believe Plug Chain and hopefully one day, we will be as strong as Ethereum.
Projected price by end of this year is 20 times to 50 times of current price now.
Aiming to be world’s top 50 crypto in 2 years or Mr Joey is going to run naked in his city (lol that’s what he said, you can disturb him in the next AMA)
Inviting all Crypto Projects to build on Plug Chain
In the year of 2022, we are focusing on expanding our ecosystem.
If you have your own blockchain projects in Erc20, Trc20 or Bsc or any other public chains, do come to us and launch a project in Prc20 in Plug Chain.
Projects that are venturing into NFTs, Metaverse and especially SocialFi are highly encouraged to approach us.
You can contact us at firstname.lastname@example.org
We invested around 6million USD into one of the projects that is built on Plug Chain to make sure the whole project is running well and smooth.
We promise that we will provide some investment backing as long as your project has utility.
As long as you are built on Plug Chain, it will be cross chain mode on oracle network. We plan to invest 20mil USD worth in different projects that has the likes of NFTs, Metaverse and especially Social Fi.
Web 3.0 — Social Fi and Plug Chain’s direction for the future
SocialFi is described as evolutionary shift towards Web 3.0.
It is strongly believed that nobody is going to use Facebook and Twitter and we will all be migrating to SocialFi in the future.
It is widely known from the saying that “If you are not paying for it, then you are the product”.
Think about how all these mega corporations such as Facebook and Twitter make money? They make money from analysing user generated data and monetising it via targeted advertisements that provides a high conversion for users that wish to sell their products and services on these platform.
SocialFi is the correct track for sure as Plug Chain has a few projects that are running on social fi and assisting some projects are running on social fi.
Won’t it be nice?
With SocialFi, personal details will be recorded into blockchain and every single cent that is earned by SocialFi, be it sales or ad revenue generated in the chain will be evenly distributed amongst the users of social fi through some sort of tokenomics.
Everybody that is participating, leaving a comment, posting a video or performing any sort of activities will be rewarded.
All your data and personal data will be recorded on block chain and no big corporate giants manipulate your data and monetising it.
Do your own research
Go to our Youtube, Google, Twitter, Telegram and read all our articles in medium to find out more.
We would like to express our thanks to Synopsis events for inviting Plug chain and the opportunity to explain and share more about Plug Chain.
About Plug Chain
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: