Paladeum is the next-generation payment platform that connects traditional banking systems with blockchain. They are presenting an innovative solution to the scalability constraints faced by conventional offline banks.
Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (PLB/USDT – Trade it here) on the Innovation Zone! Check it out now!
The Business Idea Behind Paladeum
Cryptocurrencies are a captivating focal point, with an increasing number of countries launching their own digital currencies. This digital revolution is permeating sectors like finance, business, and investments, underscoring the significance of cryptocurrencies. Therefore, Paladeum hopes to usher in a novel banking paradigm fueled by cutting-edge technology.
This endeavor is rooted in the aspiration for universal access to the forthcoming generation of technology. In contrast to the limited reach of traditional finance, Paladeum pledges equitable accessibility to financial services for all. Furthermore, Paladeum Currency will serve as the conduit for this vision, cultivating an innovative yet steadfast blockchain-based banking platform.
Challenges Within the Conventional Banking Framework
The existing traditional banking system is marked by its intricate nature, ambiguity, and a tendency towards excessive pricing. The process of transferring funds across international borders involves cumbersome procedures that not only drive up costs but also consume valuable time. Therefore, there is a perceptible shift in users’ attitudes toward the centralized banking model. Users are already prompting a demand for a more decentralized banking approach. As a result, businesses are progressively gravitating towards banks that embrace a decentralized framework.
Meanwhile, the centralized approach, governed by senior management, lacks the flexibility that customers seek, rendering it less user-friendly. The financial landscape is also undergoing a transformation, with cryptocurrencies emerging as a noteworthy facet. Beyond their original crypto community, cryptocurrencies are slowly entering the lives of the general public. However, there are few to no crypto-friendly banks that can accommodate both traditional currency and cryptocurrency in a single banking account.
Concurrently, the existing financial infrastructure fails to support transactions between cryptocurrencies and fiat currencies. This is a direct result of the knowledge gap in managing digital assets.
Therefore, Paladeum sets out to address these challenges head-on. They are envisioning a decentralized banking system that bridges these gaps. They also hope to embrace the benefits of cryptocurrencies and offer a more efficient, secure, and comprehensive banking experience.
Benefits of Using Paladeum
Paladeum addresses the scalability constraints that traditional offline banks face. It acts as a blockchain-powered banking platform catering to electronic money and protective services.
A distinctive feature of Paladeum is its ability to foster interoperability among banking systems. Furthermore, it will transcend geographical borders and currency types. Unlike the prevailing high operational and maintenance costs of conventional banking systems, often tethered to mainframe-based APIs, Paladeum brings forth a solution that enhances security and reliability while curbing unnecessary expenses.
Paladeum’s innovation also extends to its management of cryptocurrencies. This encompasses the encryption of all essential bank modules on the blockchain. As they employ the latest developmental language and adhere to best security practices, it ensures robust security, swift transaction speed, and remarkable transparency. This innovative framework not only reduces the maintenance and operational costs associated with banks but also surmounts the scalability challenges inherent in conventional banking models. Furthermore, Paladeum’s focus on a global clientele is underpinned by a streamlined KYC process, broadening its reach and impact.
Understanding the Paladeum Currency
Paladeum Currency is separated into 2 distinctive natures: cash, and coin.
Paladeum Cash operates with a steady disposition, effectively minimizing the volatility associated with Paladeum Coin. This steadfast nature is maintained through a dual-pronged approach—Paladeum’s capital housed in the Paladeum Bank of Palau and a predictive exchange rate mechanism.
Meanwhile, Paladeum Coin or PLB is the native digital currency, Paladeum Coin is equipped with an inbuilt mechanism that promptly reacts to any fluctuations in the exchange rate of legal tender. This mechanism, driven by algorithms and agreements, acts as a stabilizing force, ensuring price normalization. Similar to traditional markets, the dynamics of Paladeum Coin adhere to the fundamental principles of supply and demand, resulting in an organic and balanced marketplace.
Where to buy PLB Token
You can find PLB Token here at MEXC! We are listing PLB/USDT in our Innovation Zone!
What is the Price of PLB Tokens?
The PLB Token is currently trading at MEXC with a live price of $1.31. It has a fully diluted market cap of $1,311,665,626. You can check the live price of their token right here!
How to buy PLB Tokens on MEXC
You can buy PLB Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “PLB” using the search bar to see the available trading pairs. Take PLB/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of PLB you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy PLB] to confirm your order. You will find the purchased PLB in your Spot Wallet.
You can find a detailed guide on how to buy PLB Tokens here.
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