The past few weeks have witnessed some of the most turbulent times in recent memory for the cryptocurrency industry. Stable coins haven’t looked that stable lately, and coin values across the board have been falling faster than at any time in the past. While this appears to be the first time stablecoins have experienced such challenges, it’s certainly not uncommon for cryptocurrencies to see market swings that lead to massive selloffs and wild swings in value.
This time, it was the collapse of one stablecoin in particular, TerraUSD, that caused investors to flee other stablecoins and, as a result, their cryptocurrency investments in general, including the one coin that underpins the entire cryptocurrency market, bitcoin.
But, stablecoin issues or not, one thing you can be sure of; When Bitcoin falls, the rest of the cryptocurrency market follows. However, not all coins are created equal, and one ambitious project has managed to break free of Bitcoin’s gravitational field.
The PLCU coin was created by crypto visionary, serial entrepreneur and one of the world’s leading crypto influencers, Alex Reinhardt, to be different. He envisioned a coin that would be less influenced by market sentiment by offering a wide range of products and services within its own crypto ecosystem. Therefore, unlike other coins, PLCU is better protected from the speculation and volatile market fluctuations that affect the vast majority of other coins and continues to distance itself from Bitcoin.
A coin created to be used
Alex Reinhardt’s vision for PLCU was in sharp contrast to most new crypto projects. Striving to be the next bitcoin, the majority of altcoin projects are essentially speculative investment vehicles that are bought, hidden, and sold at some point in the future. The PLCU coin could not be more different; The PLCU coin was created to be used and that is what makes the PLCU coin unique.
The PLCU coin was created to be used by a community of people in their everyday personal and business transactions. Due to its own trading and other activities, the community itself is the strength of PLCU. So, this means that the community itself is in control of the coin’s future growth potential and market value, regardless of what the crypto market is doing. You can’t say that about other coins, because when Bitcoin loses value, the others inevitably follow suit.
By constantly innovating and providing the community with everything they need to live and work in their ecosystem, the PLCU coin continues to grow and grow. And unlike most new crypto projects that spend millions on marketing and influencers, most new users are drawn to PLCU by word of mouth from existing community members. Currently PLCU has more than a million users in 120 countries worldwide. A truly amazing number for a coin that was launched just over 6 months ago.
Community First Policy
By listening to the community and providing the products, tools and services they want, PLCU ensures their vision of uniting the real world with the crypto world stays on track. A variety of innovative products have been developed to make community life easier and more beneficial.
For example, there is a crypto debit card that allows users to pay in both crypto and fiat currencies, marketplaces that allow users to buy and sell products and services, and coin minting (not to be confused with mining) , a newer and more environmentally friendly way of creating new coins that only the community has the opportunity to monetize.
In addition, PLCU wants the community here not only to make a living, but to thrive to the extent that PLCU places the community’s gains ahead of their own. For example, PLCU burns 100% of its coins to avoid competing with the community for liquidity. Also, the company freezes 50% of its coins for a year and reduces the production of new coins every month. These actions help further increase the stability of the coin and build long-term trust in the community and trust in the currency in general.
own solar system
All of the above measures demonstrate the company’s selfless attitude and determination to make the project a success in the short and long term. This passion and commitment is lacking elsewhere, and these types of actions will continue to attract new users to the project for years to come.
With a community that feels valued; listening and the company itself has done everything in its power to support them both practically and financially, PLCU has managed to thrive where others have failed and built a micro-economy that is connected to the real economy is that users can easily switch between.
And by not following the crowd and focusing their efforts on their vision for their platform, the PLCU coin has achieved what some thought was impossible. Not only has it protected itself from the volatile changes resulting from the orbit of the star Bitcoin, but it has also created an entirely new solar system of its own.