Premium Block - Crypto Pool Based on Multi-Chain Network

Introduction

Decentralized Finance (DeFi) has created an explosion of on-chain activity. DEX volumes can meaningfully compete with the volume on centralized exchanges. As of December 2020, there are almost 15 billion dollars of value locked in DeFi protocols. The ecosystem is rapidly expanding with new types of products.

One of the core technologies behind all these products is the liquidity pool.

What is a liquidity pool?

A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions. Liquidity pools are the backbone of many decentralized exchanges (DEX), such as Uniswap. Users called liquidity providers (LP) add an equal value of two tokens in a pool to create a market. In exchange for providing their funds, they earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity.

The concept gained more attention with the popularization of Uniswap. Some other popular exchanges that use liquidity pools on Ethereum are SushiSwap, Curve, and Balancer. Liquidity pools in these venues contain ERC-20 tokens. Similar equivalents on Binance Smart Chain (BSC) are PancakeSwap, BakerySwap, and BurgerSwap, where the pools contain BEP-20 tokens.

However, there is no uniform platform that serves users to create multichain a pool on a single platform this increases the hassle of users for maintaining multiple Dexe's for different chains. Premium Block is a multi-chain platform that allows users to create pools and disperse cryptocurrencies within the pool addresses.

What is Premium Block?

Premium Block is a platform where users can create a crypto pool based on a multi-chain network and can use it to gather cryptocurrencies from pool participants. This is a one-stop tool for Ethereum, Binance Smart Chain, and Polkadot network pool creation.

The safest place to gather crypto with KYC integration. Premium Block uses PRB as its governance token that gives holders to take full advantage of the platform and earn through yield farm.

Why use Premium Block?

The premium block is the first platform to provide pool creation with a multi-chain network. There is no trustable pool creation platform that gives end-user protection. Premium block gives KYC protection for individual pools created at the discretion of the pool creator. Users can participate in the pool by investing or donating crypto based on the pool's terms and conditions.

Know your Customer (KYC - To gain trust in a platform, users except Know your Customer (KYC). Implementing KYC integration into the platform will avoid scammers and frauds that collect the pool funds and run away.
Cryptocurrency coins and tokens are very hard to distribute to multiple addresses at the same time. Premium block platform will make it easy for pool creators to distribute the coin or token to pool addresses at the same time with less gas fees and time.
Premium block platform will conduct fundraising through initial coin offering for best top-tier projects. PRB token holders will benefit more in this fundraising whose allocation will be calculated based on weightage.

Features of Premium Block

Token distribution

Token dispersal is one of the key elements in Premium Block platform. Users can disperse tokens from one address to multiple addresses with a single transaction without creating pool. Tokens supported are BSC network, ETH network, and DOT network.

Crypto Locker

An added feature of crypto cold wallet storage will be included in the platform for Long term holders. Cryptocurrencies can be stored in cold wallets that are compatible with Binance Smart Chain network, Ethereum network, and Polkadot network.

Pool Creation

Users can create a single pool in a single network or multiple pools in different networks and can manage at the same time. Pool creators can switch between pools at a click of a button. All pools will be combined into a block-like structure so that multiple pools can be arranged in one view.

Token Swap

Premium block will implement token swap for a quick swap of token in the multi-chain network supported in the platform.

AML and Blacklist

Premium block does best to ensure the highest security when coming to pooling through KYC-enabled pool. Premium block takes numerous steps to avoid Anti-Money Laundering (AML).

Once the pool creator is reported for involving in a scam or fraud, it will immediately come to the view of the team and voting will be executed through our community. Based on the voting and reports filed against the user, the pool creator might be facing law enforcement charges or warning from the team based on the severity of the case. Once the user got reported, that user will be blacklisted and cannot use the platform until the report is resolved.

What is PRB Token?

PRB token is the key element that fuels the premium block ecosystem. Almost 80% of the platform fees collected are used for rewarding PRB token holders through staking and liquidity providers.

Ecosystem new BG.png

PRB Governance Token

PRB token in the ecosystem can be used as a Governance token for Proposals, Ballots, and Actions. Any PRB holders can initiate a proposal. To promote a proposal to a ballot and be eligible to enter the voting queue, the ballot sponsor must stake a minimum of 500 PRB tokens. Other Members can co-sponsor the ballot by staking additional PRB, which gives the ballot a higher priority.

Governance of the Premium Block by its members is an important function

Tokonomics
Total Fixed Supply: 60,000,000 PRB
IDO Price: $0.010 per PRB
IEO Price: $0.025 per PRB
Initial Circulating Supply: 25,500,000 PRB (excluding DEX liquidity)
DEX Liquidity Supply: 5,000,000 PRB
DEX Listing Price: $0.05 per PRB
Total Amount To Be Raised: $320,000
Total Tokens To Be Sold: 20,000,000 PRB
Initial Market Cap: $320,000

Roadmap

Conclusion:

There is always a group of people that frequently need a cryptocurrency pool to gather funds with a permissionless and secure platform. Premium Block fulfills the need for a permissionless secure platform. The pool creation is permissionless with the multi-chain network. For added security as a measure to protect pool participants, the platform included a KYC option that can be enabled or disabled for both pool creators and pool participants.