Pollen’s PLN Becomes First Avalanche Token To Appear On AscendEX

By | January 8, 2022

Pollen, an Avalanche-based DeFi protocol, is getting its PLN governance token included in AscendEX.

According to a press release shared with CryptoSlate, PLN is the first token in the Avalanche chain to be listed on the Singapore-based exchange.

Decentralization of portfolio management with Pollen

The Pollen ecosystem is starting the year on a high note after spending most of 2021 in strong development. The ambitious DeFi protocol is getting PLN, its government token, listed on AscendEX, a Singapore-based global cryptocurrency exchange.

In a press release shared with CryptoSlate, the team behind Pollen said that this is the first time that PLN has been listed on a centralized exchange, as the token has so far only been available on Avalanche-based DEX TraderJoe. Today also marks the first time that an Avalanche chain token has been listed on AscendEX.

“We are proud to be the first Avalanche token to appear on AscendEX,” said Philip Verrien, Pollen co-founder and project leader. β€œAn entirely new audience of potential Pollen users who want to participate in DeFi and the emerging Avalanche ecosystem, but are more comfortable with the expertise and tools of a CEX, can now take their first step into the management ecosystem of Pollen DeFi Assets ”.

Pollen is a DeFi protocol designed to simplify portfolio management. It gives users the ability to trade and maintain dynamically managed portfolios without the need to manage allocations and assets themselves. While the protocol was implemented at Avalanche in response to community demand, its development team said that the speed, reliability and cost effectiveness also made Avalanche a clear choice for Pollen.

The project’s mainnet launch is scheduled for Q1 2022. Until then, users will be able to stake their PLN on AscendEX, where they will be eligible to receive an attractive APR on their funds.

The team has secured investments and support from leading VCs in the crypto industry, including Protocol Ventures, Fomocraft Ventures, Red Building Capital, AventuresDAO, Rarestone Capital, and Alphabit.

$ PLN / USDT trading on AscendEX It will open on Tuesday, January 11 at 09:00 EST / 14:00 UTC. The wallets will be open for deposits approximately 12 hours before trading begins.

Disclaimer: CryptoSlate has a financial position in Pollen and was given the opportunity to participate in the presale of this project in exchange for news, analysis and other types of coverage. CryptoSlate was NO paid to publish this article.

Posted in: Avalanche, DeFi

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Source: https://cryptoslate.com/pollens-pln-becomes-the-first-avalanche-token-to-list-on-ascendex/

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