Plugin (PLI) Price Surges, Gains Over 67% After Its Listing
- Plugin launches on Bitrue.
- The PLI token gained a 676.84% increase in the 24 hours of listing.
- At the time of writing, the PLI price is 0.8381, and a 24-hour trading volume of $479,029.78.
To solve high gas fees and provide a stable system, decentralization is prevailing in the crypto space. This is what oracle service provider Plugin aims to achieve with its PLI XRC-20 utility token. Just yesterday, Bitrue announced it listed PLI Plugin after they successfully passed the #BTRVote. Thereafter, the price of PLI gained over 676.84% increase in the 24 hours of listing.
With high-quality data streaming in and out, Plugin (PLI) is a decentralized oracle service provider developed on top of the Xinfin EcoSystem. The plugin ensures the accuracy of data received from the outside world.
Because it is constructed on top of the Xinfin EcoSystem, the energy it needs is minimal, and it uses a delegated proof of stake algorithm (XDPoS). Compared to Chainlink (LINK), Plugin (PLI) is faster and cheaper. In fact, 125 wallets hold up to 80% of Chainlink, making it particularly vulnerable to price manipulation. As well as limited supply and high utility.
On the other hand, Plugin successfully defeated three major concerns such as, “High Gas Fee,” “Complex Node Setup,” and “Carrot and Stick Model.” This has created an edge for the oracle service provider. Thanks to XinFin’s XRC-20 standard, PLI tokens will have lower gas costs and faster transaction times. Also, Plugin will reach billions of users in no time.
Moreover, Plugin supports different use cases. These include decentralized finance, weather forecasts, inflation data, and the insurance area. At the time of writing, the PLI price is 0.8381 with a 24-hour trading volume of $479,029.78
This innovative token, PLI, has a lot to offer. This is another great investment for crypto enthusiasts looking for where to put their fortune.
Read more: https://coinquora.com/plugin-pli-price-surges-gains-over-67-after-its-listing/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
