Meet The First Ever Polygon Ecosystem Index Token


Polygon continues to be a considerable pressure in DeFi. The protocol’s ease of use and decrease charges have been main attracts for builders, resulting in all kinds of recent initiatives coming to life on the platform.

Meanwhile, the parents over at Amun Tokens are engaged on DeFi index tokens left and proper. In June, the platform introduced the launch of two index tokens, $DFI and $DMX, engaged within the Ethereum ecosystem. Given Polygon’s elevated presence recently in DeFi, it was solely a matter of time earlier than the crew at Amun unleashed a Polygon-based token as properly.

That time has come, as Amun introduced as we speak their newest token headed to pre-sale: PECO. This token seems to encapsulate the most effective and brightest initiatives being constructed on Polygon.

Amun, PECO, & The Polygon Ecosystem

Amun launched their Medium post asserting PECO as we speak in collaboration with the Polygon Foundation and main Polygon initiatives. The Foundation is offering $5M in MATIC tokens to seed the index’s launch, in response to the Medium publish, and plenty of main initiatives are offering seed capital for liquidity.

The token initially launches on October 19 and can begin with 50% MATIC till the community matures additional. Protocol tokens make up the remaining 50%; check out the preliminary PECO compensation on launch under:

 

As the Polygon community grows and develops, the PECO portfolio will likely be rebalanced month-to-month. PECO will likely be obtainable on each Polygon and Ethereum, and early contributors can earn as much as an extra 30% bonus tokens within the pre-sale by way of airdrop.

Polygon (MATIC) has seen secure worth motion in current months, however has been slowly changing into a DeFi energy participant. | Source: MATIC-USD on TradingView.com

Related Reading | TA: Ethereum Is Primed For A Rally And Only One Thing Is Holding It Back

Amun & DeFi Growth

The Amun whitepaper cites the necessity for scalability in DeFi and appears to supply ERC-20 tokens that deal with an index of the highest DeFi tokens obtainable.

Earlier within the yr, Amun unleashed DeFi index token $DFI, aimed to offer traders publicity in “blue chip DeFi projects.” This allowed customers to return to at least one token for a large publicity of DeFi’s greatest cash, with out incurring particular person swap prices. Additionally, Amun launched their DeFi Momentum Index, $DMX, which seeks to automate weights primarily based worth momentum calculated by a relative power index. This index sought out momentum riders who “missed out on the last bull run.” Both indices have been initially composed of eight tokens per index.

Amun is constructing out a large breadth of DeFi publicity throughout what appears to be a perfect time. A Bank of America report this week cited DeFi’s progress and largely untapped potential, and Polygon and it’s subsequent platforms have been monumental progress drivers in DeFi.

Related Reading | Investors Expect Ethereum To Outgrow Bitcoin, According To CoinShares Survey

Featured picture from Medium.com/amun-tokens, Charts from TradingView.com





Source link