Successful fundraising campaign announced by Stanford Alumni supported NFT-based fixed credit protocol promises-press release
Successful fundraising campaign announced by Stanford Alumni supported NFT-based fixed credit protocol promises-press release
press release
press release. Pledge Finance starts after a successful private round, in which more than $ 3 million was applied, a cross-chain-crossing decentralized financial ecosystem that was specially developed for the financial sector.
Hong Kong- Pledge Finance, an algorithm-controlled, decentralized financial (Defi) ecosystem with several chains, announces the introduction of an NFT-based structured secured credit platform for the traditional financial sector. The Binance Smart Chain (BSC)-based platform will be completely interoperable with other public chains, which means that other Defi platforms can interact with the numerous product and service offers from PLEDGE. pledge closes the gap between defi and finance Initially, these pools will be on the native tokens of PLEDGE, PLGR, sound, which means that users have to buy PLGR to exchange the exchange between stable coins and cryptocurrencies like Bitcoin ( btc ) and Ethereum ( ETH ). The algorithm ensures that PLEDGE users can exchange cryptocurrencies with PLGR for fair value without friction losses. In addition to the use of PLGR to facilitate the exchange between cryptocurrencies, the native token of PLEDGE offers the owners a fixed interest payment if they use their crypto-assets to provide liquidity for money, credit or derivative markets from Pledge. In addition, in contrast to other credit protocols, PLEDGE users can create a variety of liquidity pools with different terms for a certain crypto-asset, each of which has fixed credit conditions for the loans assigned by the pool. PLGR will have an overall range of 3 billion pls. The derivative market of Pledge is powered by unique derivative Smart Contracts that exchange fixed interest payments for variable interest payments and represent a significant instrument for defi retailers that you could use against speculative investments in other pools. Due to the cross -chain interoperability of Pledge, these pools could also exist on other decentralized platforms. The future is rosy for PLEDGE This approach uses the current enthusiasm for NFTS and uses it to make financial products such as bonds, loans and derivatives more easily accessible in the defi world
about the promise
The platform itself uses the comprehensive technological and financial experience of its core management team. CEO Tony Chan is a serial entrepreneur and Angel Investor with a background in computer science and a degree in this subject from Stanford University. In his earlier career, Chan helped to write part of Windows 95, which became the most popular operating system in the world at the time it was published. Michael Ren, CTO of PLEDGE, was a senior scientist for artificial intelligence at a peer-to-peer loan company based in Hong Kong with annual sales of over $ 10 billion. At the age of 15 Fintech, Ren also had the task of driving the blockchain protocol, the community experience and the partnerships for PLEDGE.
Douglas Hill, Senior Product Manager at PLEDGE, will guide the product development of PLEDGE and ensure that the range of financial products is surgically solid and tailored to the needs of the market. Hill previously worked in the Machine Learning and Augmented Reality area and was a pioneer of the first ML-based platform for physiotherapy and the sports industry.
with the support of a team that competes and the view of interoperability is definitely well positioned in order to lead the financial sector into the future.
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Contact details for the media Contact-email: pr@pledger.finance
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