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.
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.
As of now, there are 3 indexes:
- Blue Chip Index
- Non-Fungible Token (NFT) Gaming Index
- 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:
- Availability of numerous indexes.
- Strong crypto token utility.
- A community-decided index that can evolve into a solid option for high gains.
- Earn passively.
- New indexes to ride the latest cryptocurrency narratives and trends.
- Economical Non-Fungible Token (NFT) index.
- Different indexes for different danger appetites.
- Presence of a DAO (decentralized autonomous organization) with governance rights.
- Support to portfolio streamlines.
- 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.
The most noteworthy milestones are:
- CEX listing.
- Mobile App or website.
- Artificial Intelligence (AI) integration.
- 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.
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.