Decentralized crypto asset management platform Pollen announced today the listing of its native PLN token on Singapore-based exchange MEXC Global. With this, PLN becomes available in a USDT trading pair to MEXC’s seven million users across 200+ jurisdictions, shortly before Pollen’s core virtual portfolio product goes live in May.
As the utility token underpinning the Pollen ecosystem, PLN unlocks the full array of asset management features to be offered on the platform, starting with Pollen Virtual – a gamified virtual portfolio management tool allowing experienced and novice traders alike to test their trading strategies, while earning a reputation and PLN rewards. When converted to vePLN, PLN also boosts rewards for its holders, and grants voting rights in the Pollen DAO.
“With our mainnet launch around the corner, ensuring that the PLN token is easily accessible worldwide is crucial,” said Pollen Co-founder and Project Lead Philip Verrien. “MEXC is helping us achieve this, and we look forward to welcoming their users to the hive.”
As a leading digital asset and cryptocurrency trading platform, MEXC Global now has over 7 million users over the world. Commenting on the listing, Katherine Deng, VP of MEXC Global said: “What drives the quick growth of our global operation is that we’re constantly expanding our offering with the latest and most promising digital assets, and Pollen’s PLN token fits this bill perfectly.”
The listing on MEXC Global represents Pollen’s second centralized exchange listing, with PLN also available on Ascendex, as well as decentralized exchange Trader Joe. With virtual portfolios launching in May, and Pollen’s much-anticipated index product due out in early Q3, more listings are planned over the coming months.
Pollen has been building its core product suite since 2020, and sets out to disrupt the multitrillion asset management market by enabling anyone to easily create, manage, and invest in virtual and asset-backed crypto portfolios. With signals based on collective intelligence harvested via its gamified virtual portfolios, which rank traders based on the success of their trading strategies, it creates a circular, community-powered ecosystem that makes DeFi safer, more inclusive, and accessible.
About the PLN token:
PLN is the utility token powering the Pollen ecosystem and unlocking its tool suite. It can be earned or burned based on Pollen users’ portfolio performance, as well as delegated to proven traders on the platform, or locked as vePLN for boosted rewards and voting rights in the Pollen DAO. The PLN token is currently available on MEXC Global, Ascendex, and Trader Joe.
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.
Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.
- For media inquiries:
- Mia Agova
- Head of Communications, Pollen