Plutos Network Secures a Strategic Alliance with Public Mint

Samson Anthony
3 min readOct 5, 2021

This month has featured major highlights on Plutos Network with another ground-breaking news as Plutos Network, a cross-chain synthetic issuance & derivative trading platform that introduces mining incentives and Staking rewards to users recently secured a strategic partnership with Public Mint, a platform that offers a powerful, simple payment system and access to the best opportunities in decentralized finance (DeFi).

What is Public Mint?

Public Mint is a platform that aims at bridging the gap between crypto and fiat currencies. It provides synthetic fiat currencies with a fully collateralized, regulated, and FDIC-insured platform.

Public Mint also has a fiat-native blockchain, APIs, and a web widget that can be embedded. It enables developers to create fiat-enabled apps that take credit cards, ACH, wire transfers, and other forms of payment. In the year 2020, the Public Mint was established.

The Public Mint network integrates crypto into today’s global economic system by bringing currency to the blockchain. It does so in a secure, scalable, and efficient manner, all while remaining fully compliant with regulations, resulting in the ideal platform for businesses to thrive without the risk of crypto asset volatility.

Public Mint is more than simply a tool for dealing with volatility. We recognize that businesses require business solutions that have been difficult to duplicate on-chain in the past and on which the economy now operates.

In essence, Public Mint combines the best of both worlds: fiat’s stability with the blockchain’s efficiency and immediate finality.

Benefit of the Partnership

This partnership is as a result of the activation of NovelSwap, a next-generation decentralized exchange developed by Plutos Network that is on the Public Mint test-net and this will soon be available on the mainnet by the end of october, with an initial trading pair of MINT/USD.

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.

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