Pollen live on mainnet with first virtual asset-management module
Pollen is now live on the mainnet, with the first virtual pollen. Road 7 June 2022, Town, British Virgin Islands — Pollen Virtual, a trading simulation tool allowing users to create, manage, and delegate virtual portfolios, was launched on the mainnet of the decentralized crypto asset management platform Pollen yesterday, creating indications for the future asset-backed Pollen Indexes.
According to Pollen’s decentralized autonomous organization structure, the launch of Pollen Virtual was approved by a 99 percent majority of PLN token holders (DAO).
Pollen Virtual allows users to test trading strategies in a sandbox environment, allowing them to compete and gain reputation and PLN token incentives, following two years of development and six months of active testing by over 7,000 community members.asset-management module
Its innovative reputation scoring methodology and delegation features build on current token reward-driven trading-simulation principles, allowing top traders to demonstrate their expertise and those who are less confident to entrust PLN to top performers for an 80% profit share.
Pollen Virtual, despite being a stand-alone product, establishes the groundwork for the Pollen ecosystem as a cyclical, self-sustaining asset management mechanism, which will be completed by Pollen Indexes. Pollen captures traders’ collective expertise and translates it into signals for the asset-backed, community-driven Pollen Indexes, which are expected to launch in the fourth quarter of this year.
“We’re building a hivemind-run asset management environment that’s truly decentralized, community-driven, and meritocratic.” “The launch of Pollen Virtual is a first impulse that sets the cogs in motion of this hivemind,” stated Philip Verrien, Pollen’s co-founder and project lead. “The fact that our community strongly favored bringing this product to market strengthens our belief that Pollen is on the right route.”
Pollen Virtual has a reward fund of 106 million PLN that will be dispersed over four years. It may be found at app.pollen.id and requires a one-PLN deposit to create a portfolio or begin delegating.
For media inquiries:
- Mia Agova, head of communications at Pollen — firstname.lastname@example.org
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