Unleashing Polylastic Index: The Ultimate Solution for All Your Index Needs!

Unleashing Polylastic Index: The Ultimate Solution for All Your Index Needs!

Polylastic is launching their innovative index, the Polylastic Index, on May 30th, 2023, offering exposure to 'high-risk-high-gain' investments while minimizing risks for people with no prior experience in the cryptocurrency industry.

We are in the era of financing diversification. On one side, web2 corporations diversify their money into Web 3.0 startups, and at the same time, Web 3.0 investors diversify into crypto altcoins and Non-Fungible Token (NFTs). Nonetheless, sometimes we all feel the urge to invest in more projects. This could lead to over-dilution and goes against the Pareto financing principle. And, what is the solution? Indexes!

An index, in sim­pler terms, is a bas­ket of assets that col­lec­tive­ly keep track of the assets’ per­for­mance. And, an inno­v­a­tive index can pro­vide expo­sure to ‘high-risk-high-gain’ assets while min­i­miz­ing the ‘risks.’ Despite the fact that tra­di­tion­al finance has many of index­es, Decen­tral­ized Finance has lit­tle and Poly­las­tic intends to close this gap. They are launch­ing their Poly­las­tic Index on May 30th, 2023. Let’s dis­cov­er more about Poly­las­tic.

What Is Polyastic?

As the name sug­gests, Poly­las­tic is a lay­er 2 solu­tion, built on Poly­gon, that let users design their own per­son­al­ized cryp­tocur­ren­cy port­fo­lio via their Index, the Poly­las­tic (POLX) Index. With this index, you like­wise give an easy way to invest in cryp­tocur­ren­cy port­fo­lios for web2 financiers. 

The project has a native cryp­to token, $POLX, that fuels the eco­log­i­cal sys­tem. Hold­ers of $POLX get gov­er­nance rights and can choose the assets for the com­mu­ni­ty-decid­ed index. On the oth­er hand, the best part? It is defla­tion­ary through peri­od­ic burn­ing. POLX was list­ed in Bit­Mart.

Source: Twitter
What is the Polylastic Index?

Poly­las­tic Index offers a holis­tic overview of the cryp­tocur­ren­cy mar­ket, enabling users to track the per­for­mance of dig­i­tal assets across dif­fer­ent sec­tors. 

polylastic index
Source: Poly­las­tic

As of now, there are 3 index­es:

  1. Blue Chip Index
  2. Non-Fun­gi­ble Token (NFT) Gam­ing Index
  3. Com­mu­ni­ty-Decid­ed Index

This implies that in the 1st one, you will  find a com­bi­na­tion of projects with numer­ous prob­a­ble in the same index. The project sug­gests it is plan­ning to launch more index­es per the community’s needs. You can read their litepa­per here.

Advantages of Polylastic Index

The Poly­las­tic Index pro­vides a sim­ple financ­ing solu­tion to peo­ple with no pri­or expe­ri­ence in the dig­i­tal cur­ren­cy indus­try. Sim­i­lar­ly, it offers: 

  1. Avail­abil­i­ty of numer­ous index­es.
  2. Strong cryp­to token util­i­ty. 
  3. A com­mu­ni­ty-decid­ed index that can evolve into a sol­id option for high gains.
  4. Earn pas­sive­ly.
  5. New index­es to ride the lat­est cryp­tocur­ren­cy nar­ra­tives and trends.
  6. Eco­nom­i­cal Non-Fun­gi­ble Token (NFT) index.
  7. Dif­fer­ent index­es for dif­fer­ent dan­ger appetites.
  8. Pres­ence of a DAO (decen­tral­ized autonomous orga­ni­za­tion) with gov­er­nance rights.
  9. Sup­port to port­fo­lio stream­lines.
  10. Not expos­ing pri­vate keys to hack­ers.
What is Next for Polylastic?

The launch of the index is the most whole lot of achieve­ment in the roadmap

Unleashing Polylastic Index: The Ultimate Solution for All Your Index Needs!
Source: Poly­las­tic

The most note­wor­thy mile­stones are:

  1. CEX list­ing.
  2. Mobile App or web­site.
  3. Arti­fi­cial Intel­li­gence (AI) inte­gra­tion.
  4. Tok­enized stocks.

Each of the over phas­es can con­tribute to the over­all expan­sion of the Poly­las­tic ecosys­tem. Since most investors pre­fer a mobile-friend­ly financ­ing eco­log­i­cal sys­tem, it is com­mend­able that the Poly­las­tic team has that in plans. 

Polylastic is Backed by an Experience Team

Polylastic’s team and advi­sors have a very impor­tant expe­ri­ence in crit­i­cal fields like mar­ket­ing, strat­e­gy, busi­ness devel­op­ment, and Web 3.0 tech­nol­o­gy. They’ve par­tic­i­pat­ed in cor­po­ra­tions like Bank of Amer­i­ca, Cred­it Suisse, Cer­tik, Chain­link, and Poly­gon.

Genslers Alleged Ties to Binance Shake Up Cryp­to Com­mu­ni­ty
polylastic team

Whether investors seek Decen­tral­ized Finance and Non-Fun­gi­ble Token (NFT) expo­sure, or port­fo­lio diver­si­fi­ca­tion, the Poly­las­tic Index is a great tool to con­sid­er. It ticks all the right box­es regard­ing the roadmap, offer­ings, and user expe­ri­ence. Want to learn more? Join Poly­las­tic Socials here: Twit­ter, Dis­cord.


Read Dis­claimer
This page is sim­ply meant to pro­vide infor­ma­tion. It does not con­sti­tute a direct offer to pur­chase or sell, a solic­i­ta­tion of an offer to buy or sell, or a sug­ges­tion or endorse­ment of any goods, ser­vices, or busi­ness­es. Lolacoin.org does not offer account­ing, tax, or legal advice. When using or rely­ing on any of the prod­ucts, ser­vices, or con­tent described in this arti­cle, nei­ther the firm nor the author is liable, direct­ly or indi­rect­ly, for any harm or loss that may result. Read more at Impor­tant Dis­claimers and at Risk Dis­claimers.

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