Plutos Network Introduces Ropsten’s Synthetic System V1.0

Samson Anthony
3 min readOct 5, 2021

Plutos Network, a cross-chain synthetic issuance & derivative trading platform that introduces mining incentives and Staking rewards to users introduces Ropsten’s Synthetic System V1.0 to $10,000 for people who test the product and give improved feed-back.

Primarily, the V1.0 system will operate on Ropsten for 3 to 4 weeks in order to identify and address bug issues and make changes and polish them.

Plutos Network integrates Blockchains such as Polkadot, Solana and BSC to enable liquidity and commercialization both on and across chain, so that users can offer a wide range of synthetic products that are sustainable, profitable and disruptive of the traditional derivative market. BSC offers synthesizer and commercial services.

Today’s V1.0 launch is only one important milestone in Plutos Network’s continuing growth and development into a fully developed DeFi Synthetic Hub, with a broad range of synthetic products and a wide variety of user-friendly UX and high-end commercial experience.

Testing the Synthetic System

To obtain feedback, users will definitely need to test-run the system. In order to this, users are expected to follow the guidelines given below:

  1. Visit https://plutos.network, the website page will appear.
Website page for Plutos Network

2. Click the “APP” at the upper right corner of the homepage, you will be directed to the app page (Or, visit https://app.plutos.network/#/index).

3. Click on “Connect Wallet”, though endeavor to be connected to BSC testnet before entering the “Bridge”.

4. Connect to Metamask

5. Only then may you claim a maximum of 1,000 PLUT testnet toks in the FAUCET to test our product once you have set up your wallet in the BSC Test-net. Just click and in your wallet you will get them!

Testnet PLUT tokens may now be redeemed to the actual PLUT tokens through https://testnetbridge.plutos.network/ that are reopened once maintenance has been performed.

Note: Plutos Network’s bidirectional ETH-BSC bridge will charge a fee for 0.3 percent.

6. Switch your wallet to the Ropsten network after swapping BSC test-net PLUT tokens into Ether test-net tokens, and then claim test Ether on Ropsten for the rest of the procedure, as the V.10 operates on Ropsten.

About Plutos Network

Plutos Network is a cross-chain synthetic issuance and derivative trading platform that pays users for mining and staking. Plutos Network will offer users synthetic issuance and trading services for a wide range of synthetic products that are sustainable, profitable, and disruptive to the traditional derivative market by integrating Blockchains such as Polkadot, BSC, and Solana, which enable on-chain and cross-chain liquidity and trading.

With Plutos, all users can have access to synthetic assets from both traditional financial market and the crypto market. By enabling cross-chain and on-chain functionalities, Plutos will be able to deliver keynote features such as scalability, high interoperability, low cost of transactions, offering the perfect solution for current DeFi derivative market to difficulties and limitations such as high gas fee, low transaction speed, vulnerability of hacking such as flash loan etc.

For more information, visit;

Website: https://plutos.network

Twitter: https://twitter.com/PlutosNetwork

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