A brief overview...
Welcome to Platinum Finance, the home of our algorithmic token fork on Fantom Network!
PLAT is an algorithmic token that serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Fantom Network.
Inspired by the idea behind the well-known project on Fantom Network, Tomb Finance, Platinum Finance is a multi-token protocol that consists of the following 3 tokens: -Platinum (PLAT) -Platinum Share (SPLAT) -Platinum Bond (PBOND)
The protocol's underlying mechanism dynamically adjusts the supply of PLAT, pushing its price up or down relative to the price of FTM.
Unlike previous algorithmic tokens, PLAT is not pegged to a stable coin, it is instead pegged to FTM as we believe in the potential of Fantom Ecosystem and choose to align its mission to both provide value to and derive value from $FTM's future growth.
Due to the success of Tomb Finance we have decided to replicate their protocol with our own twist, We want our investors all the joys a Tomb fork has to offer. As a new wave of investors are coming to Fantom, they may have missed out on the biggest rewards, because algorithmic tokens have higher rewards when they are starting out.
One of the primary shortcomings of past algorithmic tokens is that there has been a lack of utilities, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long run, our team will maintain a focus on innovation around enhanced functionality and use cases as well as implementing some new functionalities which will drastically benefit long-term holders.
*Please refer to FAQs for further details*