Place/Date: Road Town, British Virgin Islands - June 7th, 2022 at 6:24 pm UTC · 3 min read
Contact: Mia Agova, Source: Pollen
The platform’s first and foundational trading simulation product Pollen Virtual was deployed on mainnet after a community vote, laying the ground for the upcoming, asset-backed Pollen Indexes.
Decentralized crypto asset management platform Pollen yesterday marked the mainnet launch of Pollen Virtual – a trading simulation tool allowing users to create, manage and delegate to virtual portfolios, thereby generating signals for the upcoming asset-backed Pollen Indexes. In line with Pollen’s DAO structure, the launch of Pollen Virtual was voted in by a 99% majority of PLN token holders.
The result of two years’ development and six months in active testing by more than 7,000 community members, Pollen Virtual lets users test their trading strategies in a sandbox environment, encouraging them to compete in outperforming the market to earn reputation and PLN token rewards. It builds on existing, token reward-driven trading simulation concepts thanks to its proprietary reputation scoring algorithm and delegation features, allowing top traders to showcase their abilities and those less confident to entrust their PLN to top-performers for an 80% share of the profit.
Although a standalone product in its own right, Pollen Virtual lays the foundations for the Pollen ecosystem – a circular, self-perpetuating asset management mechanism, to be completed with Pollen Indexes. By incentivizing virtual trading via PLN rewards, Pollen harvests traders’ collective intelligence, converting it into signals to be fed into its asset-backed, community-driven Pollen Indexes launching by Q4 2022.
“We are developing a living, breathing asset management ecosystem run by a hive mind – truly decentralized, community-driven, and meritocratic. The launch of Pollen Virtual is a first impulse, which sets this hive mind’s cogs in motion,” said Philip Verrien, Co-founder and Project Lead at Pollen. “That our community voted so overwhelmingly in favor of bringing this product to market gives us all the more confidence that Pollen is on the right track.”
Pollen Virtual boasts a 106M PLN reward pool, to be distributed over four years. It can be accessed via App, and requires users to stake a minimum of 1 PLN to create a portfolio or start delegating.
Pollen was founded in 2021 as the first-of-its-kind decentralized crypto asset management suite, where the community holds all the power. Operated by the merit-based Pollen DAO, its governance protocol leverages users’ collective intelligence to curate asset pools in a system that enables all participants to benefit from the contribution of the top-performing traders. Pollen’s core offering comprises virtual portfolio and asset-backed index management tools, due to launch on mainnet in Q2 and Q3 2022.