What Is Pillar (PLR)?
Pillar is an open-source, community-run wallet that serves as a gateway to DeFi and NFTs. The platform aims to be an all-in-one place for tokens, decentralized applications (dApps), NFTs, and DeFi services for users. The Pillar platform strives to empower people by providing them with opportunities to earn, access services, and access markets.
The platform seeks to offer user-friendly navigation along with affordable fees for all the transactions that take place. With WalletConnect, users may instantly log in to dApps regardless of chain position. Pillar allows its users to explore Ethereum, Binance smart chain (BSC), and Polygon from a single dashboard. Also, the users get a “learn to earn” chance from in-app curated information and educational materials.
PLR is the native token of Pillar. PLR serves as a governance token. Its holders can manage the treasury and improve the project’s future by voting on marketing, development, and business activities. To get a governor status, users must hold 10,000 PLR tokens or 100 liquidity provider tokens. The platform gives PLR token holders control over product development, funding of new initiatives, and the DAO treasury, and it rewards them for participation. Every PLR token holder can stake PLR tokens, take part in weekly lotteries, and have an opportunity to win an NFT.
History of Pillar (PLR)
The team of Pillar is includes technologists, legal and business professionals, and crypto enthusiasts. Pillar is organized into three core groups: DAO, Foundation board, and Pillar team. The team's foundation took place in 2017 and has since released Etherspot SDK and Pillar Smart wallet. At present, the team aims to venture into the NFT space to discover innovative methods of rewarding community members and creating revenue flow for the DAO. Michael Messele is the CEO of Pillar. He has over 20 years of expertise in the financial services industry's technological section, where he has established a variety of services and solutions.
