Premium Block - Crypto Pool Based on Multi-Chain Network
Introduction
Decentralized Finance (DeFi) has created an explosion of on-chain activity. DEX volumes can meaningfully compete with the volume on centralized exchanges. As of December 2020, there are almost 15 billion dollars of value locked in DeFi protocols. The ecosystem is rapidly expanding with new types of products.
What is a liquidity pool?
A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions. Liquidity pools are the backbone of many decentralized exchanges (DEX), such as Uniswap. Users called liquidity providers (LP) add an equal value of two tokens in a pool to create a market. In exchange for providing their funds, they earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity.
The concept gained more attention with the popularization of Uniswap. Some other popular exchanges that use liquidity pools on Ethereum are SushiSwap, Curve, and Balancer. Liquidity pools in these venues contain ERC-20 tokens. Similar equivalents on Binance Smart Chain (BSC) are PancakeSwap, BakerySwap, and BurgerSwap, where the pools contain BEP-20 tokens.
However, there is no uniform platform that serves users to create multichain a pool on a single platform this increases the hassle of users for maintaining multiple Dexe's for different chains. Premium Block is a multi-chain platform that allows users to create pools and disperse cryptocurrencies within the pool addresses.
What is Premium Block?
Premium Block is a platform where users can create a crypto pool based on a multi-chain network and can use it to gather cryptocurrencies from pool participants. This is a one-stop tool for Ethereum, Binance Smart Chain, and Polkadot network pool creation.
The safest place to gather crypto with KYC integration. Premium Block uses PRB as its governance token that gives holders to take full advantage of the platform and earn through yield farm.
Why use Premium Block?
The premium block is the first platform to provide pool creation with a multi-chain network. There is no trustable pool creation platform that gives end-user protection. Premium block gives KYC protection for individual pools created at the discretion of the pool creator. Users can participate in the pool by investing or donating crypto based on the pool's terms and conditions.
Know your Customer (KYC - To gain trust in a platform, users except Know your Customer (KYC). Implementing KYC integration into the platform will avoid scammers and frauds that collect the pool funds and run away.
Cryptocurrency coins and tokens are very hard to distribute to multiple addresses at the same time. Premium block platform will make it easy for pool creators to distribute the coin or token to pool addresses at the same time with less gas fees and time.
Premium block platform will conduct fundraising through initial coin offering for best top-tier projects. PRB token holders will benefit more in this fundraising whose allocation will be calculated based on weightage.
To gain trust in a platform, users except Know your Customer (KYC). Implementing KYC integration into the platform will avoid scammers and frauds that collect the pool funds and run away.
Cryptocurrency coins and tokens are very hard to distribute to multiple addresses at same time. Premium block platform will make it easy for pool creator to distribute the coin or token to pool addresses at same time with less gas fees and time.
Premium block platform will conduct fund raising though initial coin offering for best top tier projects. PRB token holders will benefit more in this fund raising whose allocation will be calculated based on weightage.
Here is the overview of PRB ecosystem
Roadmap
Conclusion:
There is always a group of people that frequently need a cryptocurrency pool to gather funds with a permissionless and secure platform. Premium Block fulfills the need for a permissionless secure platform. The pool creation is permissionless with the multi-chain network. For added security as a measure to protect pool participants, the platform included a KYC option that can be enabled or disabled for both pool creators and pool participants.
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