PLITokensIntroductiontoProofOf Reserveinordertobuildthetrust.
ProofofPLIstaking reserve:Let'sbuildon Foundationsoftrust. What'sPlugin'sProofofPLIStaking reserve?Plugin,whichremains committedtotransparency,seeksto reassurecommunitymembersby availinganeasy-to-useinterfacewhere NodeOperatorsandYieldFarmerscan verifytheirstake.
ProofofPLIStaking Reservemainobjectiveisto increasethecommunity member's"Trust"and "Transparency". Toincreasethecommunity'strust andtransparency,thesystemhelps memberscheckwhethertheirPLI stakesarelockedinsmartcontracts andthatthere'snoentityorindividual thathascentralcontroloverthe stake.
Toincreasetrustand transparency,further,it directlybringsthetotalstaking balancefromthesmart contractinrealtime.
WitheachstakepublishedonPlugin's blockchain,andeachrecordofa completedtransactionbeingavailable foranyonetoreviewwithoutrevealing theowner'sidentity,thesystem ensuresthatone'sstakeissecure.
Coupledwiththefactthat informationstoredona blockchainisimmutable, Plugin'sproofofPLIstaking reservehelpsincreasetrust, transparency,andsecurity. What'smore,freeverification ofstakeencouragestheoneto keeptrackofPLI-related transactionsasrecordedon XDCNetwork'ssmart contracts.
HowcanUserscheckthe LiquidityandSolvencyoftheir Stake?Tochecktheliquidityand solvencyofastake,oneonly needtovisitthePluginproofof PLIstakingreserveplatform. Arethereconditionstobe metbeforewithdrawingone's stake?OnPlugin,every stakehasaone-yearlock-in period.
