Pollen, a leading decentralized cryptocurrency asset management company, recently launched Pollen Virtual on the platform’s mainnet. According to the official announcement, Pollen Virtual is a trading simulation tool that enables customers to construct, administer, and allocate to digital portfolios. In accordance with Pollen’s DAO framework, 99% of Pollen (PLN) token holders voted in favor of Pollen Virtual’s launch.
Pollen Virtual is the product of two years of the rigorous development process and six months of comprehensive and active testing by over 7,000 members of the community. It allows people to evaluate their investment strategies in a sandbox environment, trying to encourage them to stay competitive by outpacing the market in order to receive reputation and PLN token incentives.
Pollen Virtual improves on current token reward-driven trading simulation approaches with its own reputation assessment system and delegation capabilities. As a result, it enables top traders in the market to demonstrate their skills and novice participants to entrust their PLN tokens to top market players in exchange for an 80% share of the profits.
Development Of A Breathing Asset Management Ecosystem
Pollen Virtual, despite being a solution on its own terms, provides the groundwork for the Pollen ecosystem, a self-sustaining asset management solution that will be finalized by Pollen Indexes. By motivating digital trading with PLN incentives, Pollen captures traders’ experience and expertise and converts it into indicators that will be put into its asset-related, community-backed Pollen Indexes, which will debut in the fourth quarter of 2022.
According to the platform, Pollen Virtual has a 106,000,000 PLN incentive pool that will be disbursed over a span of four years. Accessible via app.pollen.id, customers must invest a minimum of 1 PLN token in establishing a portfolio or begin delegating.
Talking about the launch of Pollen Virtual, Philip Verrien, co-founder and project lead at Pollen, highlighted that they are constructing a completely decentralized, community-based, merit-driven asset management environment with a breathing, living hive mentality. He said that the introduction of Pollen Virtual is the initial push that put in motion the cogs of this hive mentality.
Philip Verrien further highlighted that the fact that the community voted so massively in favor of putting this product on the market gives them even more assurance that Pollen is now on the proper track.
About Pollen
Pollen was established in 2021 as the first decentralized crypto asset management solution in which the community maintains all of the authority. The governance protocol of the merit-based Pollen DAO uses the accumulated knowledge of its members to organize asset pools in a structure that lets all members profit from the participation of the top-performing traders.
Pollen represents a fundamental shift in the DeFi environment. This community-driven DAO enables you to make the decisions by signaling on digital portfolios to directly impact the index, ultimately unlocking the potential of prediction markets. Active rebalancing guarantees that the index token has always been optimal, letting participants safely establish their individual asset pools and exchange them with the community—the more users contribute, the more they profit.
The introduction of Pollen’s virtual portfolio, as well as asset-backed index management support on the mainnet, is scheduled for the second and third quarters of 2022.
