The quest for financial freedom and privacy advised the formation of Bitcoin. Bitcoin proved that a solution did exist that rid the middleman.

But though the intermediary had been eliminated, the community found that Bitcoin simply wasn’t enough. 

There had to be a solution that blew open the set of limited possibilities. That is when Vitalik Buterin and five other co-founders conceived the idea of Ethereum. 

Through Ethereum there is smart contracting and tokenization. Real-world, tangible assets—or intangible services, could be packed and sold to investors allowing fractional ownership. There are also decentralized applications (dApps) which introduced resilience and censorship resistance. 

However, Ethereum is now dominant in a new form of finance. Open or decentralized finance simply known as DeFi is democratizing banking and enabling the owner of assets to lend or borrow assets.

The Growth of DeFi

In reality, DeFi is all-encompassing and describes financial applications that are domiciled in Ethereum. Still, that doesn’t mean exchanges or blockchain agnostic lending, exchanges, or borrowing platforms aren’t DeFi.

According to DeFi Pulse, there are over $1.5 billion worth of ETH locked by DeFi dApps. A closer look shows that DeFi is a broad term that describes a financial software of some sort, built on a blockchain platform that can be pieced together like money Legos.

Essentially, it is a system that is open to everyone, is trustless, and eliminates the middleman. Owners of coins can simply plug in and earn above-average interest rates or borrow funds with his/her assets as collateral. 

Cryptography introduces privacy while the underlying blockchain tags security and resilience. With smart contracts, the user has control over their finances and that’s exactly why, supporters argue, DeFi is simply getting started.

Several projects are already looking to provide irresistible services to end-user, a standout is Plutus DeFi.

What is Plutus DeFi?

Plutus DeFi is a DeFi aggregator that plugs in multiple products and financial dApps into one single platform. 

It is here where a user can at a single search discover the best lending rates for different assets. 

Plutus DeFi Homepage

For better absorption, their present focus is on improving user experience, design, privacy, and anonymity.

The team at Plutus DeFi wanted to create a system that brings together different protocols. By unifying these systems simply by standardizing communication between them enabling seamless creation and execution of complex financial transactions, Plutus DeFi aims to be at the center of it all for the benefit of the casual DeFi investor searching for the best deals.

They started as a DeFi Lending aggregator but have rapidly developed, rolling out a full-stack DeFi aggregator that includes ETH mixers—(PlutusDeFi “Bl3nd3r”) —for anonymity, while integrating several privacy protocols like ZKDAI and Aztec Protocols. 

They also support buying insurance via third parties such as Nexus Mutual for deposits on lending, mobile money credits to DeFi Lending in Africa, all while remaining decentralized and non-custodial. 

Special, in case of a black swan event, the user is covered as there is insurance payable via a syndicated pool. Deposits from MetaMask are allocated in a Decentralized Lending Pool (DLP) smart contract. Its code is public and has been satisfactorily audited. 

Plutus DeFi currently supports Compound and DydX. However, they will in the future integrate Fulcrum, PlutusDeFi, Synthetix, and Curve.

Specifically, Plutus DeFi wants to drive DeFi adoption for enterprises. Towards that end, they have developed a Fiat to Crypto Savings Bridge, DeFi Debit Cards, DeFi-as-a-Service (SDK) for Exchanges, and other attractive products for the benefit of the ecosystem.

The only time fees are charged is during withdrawal. This is when a static fee of 0.5 percent is levied. This is aside from the network fees charged for using the network.

The Plutus DeFi ecosystem comprises:

  • A Lending and Earning solution that lets a digital asset holder earn up-to 15 percent APR on supported digital assets.
  • A payment and payroll solution where businesses or individuals can distribute tokens to contracts or business from a click of a button.
  • Derivatives platform where a user can execute and utilize DeFi derivatives, and hedge or manage risks transparently.
  • A non-custodial DeFi-as-a-Service platform that integrates smart contracts, wallets, and exchanges. 

The Team

Core members are:

Arnie Hill is the Head of Strategy and Marketing. He also doubles up as the founder. He is the Partner of Obsidian Capital and has invested in 31 blockchain companies. 

Ali Hararwala is the co-founder and head of product and operations. He has worked in several companies including Citibank, Oracle, Nissan, Publicis, GoldMoney, Louis Dreyfus, and NHS.

Paresh Masani is the CTO and Head of Technology. He is an experienced senior engineer with a demonstrated history of leading and developing complex projects.


Plutus DeFi Advisors

Toby Lewis is the Enterprise and Venture Strategy Advisor. He is the founder of Novum Insights and Global Corporate Venturing.

Dynal Patel is the advisor of the Product and is the Senior Product Manager in Cardano.

Wilson Davis is the Business Advisor and the financial consultant focused on wealth management, loan generations/analysis, and systems creating client-company symbiosis.

Mehmed Ćoralić is also the Business Advisor. He is a highly analytical Global Wealth and Investment Business Support Lead with experience spanning throughout some of the world’s largest international banks.


Plutus DeFi has partnered with Nexus Mutual and Aztec. They also have a deal with Formatic Solution—a “Web3 wallet authentication solution aiming to increase the onboarding and utilization of products of blockchain.” 

On July 14, they also partnered with Sentinel dVPN to secure off-chain privacy for users. 

Plutus DeFi Tokenomics and Distribution

The platform’s ERC-20 utility token, PLT, is at the center of Plutus DeFi. It is used for alignment of objectives, general coordination, as well as for incentivization. 

Specifically, the PLT token can be utilized as follows:

  • Burning where tokens collected as network fees are burnt. In the long term, this benefits token holders.
  • Governance since PLT holders will vote for developments as platform upgrades, burn rates, and so forth. Each PLT token is counted as a vote. Anyone with over one percent of the total supply delegated to their address can propose a governance plan. All proposals are subject to a two week voting period.
  • Staking: a percentage of network fees collected will be used to compensate stakers. No nodes are required to run.
Plutus DeFi Token Details

In total, there will be 120 million PLT tokens, and distributed as below:

Plutus DeFi Token Distribution

50 million PLT tokens will be sold during the project’s Seed round. Each token will be sold at $0.01, to raise $500k. There will be a 55 percent Bridge Fee.

10 million PLT tokens will be sold during the project’s private sale. Each token will be sold at $0.05, to raise $500k. There will be no Bridge Fee.

Overly, the team plans to raise $1 million. KYC is mandatory.

The remaining 60 million PLT tokens will be distributed as follows:

  • Advisors will receive 4 percent of the total supply
  • Employees will receive 7 percent of the total supply
  • The foundation will have control of 10 percent of the total supply
  • The ecosystem and the community will receive 20 percent of the total supply
  • Five percent will go to Plutus DeFi reserve
  • Four percent is allocated for Business Development

The PLT vesting schedule will be as follows:

Plutus DeFi Token Vesting Schedule

Their ICO is the first blockchain project to implement a hybrid Bridge-Bonding Curve model. 

In this model, during the last stages of the token sale, PLT’s price will increase. The team said this model increases maximum liquidation and penalties should be triggered and imposed on a seed round. 

This drastically slashes total supply within the first month, benefiting the long term supply of the total supply.

market and price

PLT is already listed at UniSwap, Poloniex, Biki, MXC and Kucoin, according to Coingecko. However, most trading takes place at Biki where the PLT/USDT pair is listed. 

PLT is only on the market for a week and is currently trading at $0,18. It’s often seen that the first week is a down week with new projects on the market. Private investors taking profit and new investors coming in for a new round.

Short-term Catalysts

  • The team is experienced with the CEO a serial investor in the blockchain space.
  • Plutus DeFi is user friendly with a non-custodial wallet available on both desktop and mobile every day of the week. 
  • Their adoption of the hybrid Bridge-Bonding Curve model, a deflationary mechanism, could see the total supply of PLT tokens drop in the first month after the Token Generation Event (TGE). The lower the supply, the higher the prices of PLT tokens.
  • The initial supply of PLT will be dynamic, varying anywhere between nine percent and 27.7 percent depending on investor liquidation. In the worst-case scenario, 27.7 percent of the total supply will be released. 
  • Plutus DeFi is placing their tokens at the center of events as it is used for governance and staking. With a burning strategy in place, token holders should expect price gains in the coming days.

Long Term Catalysts

  • With their advocacy for privacy, anonymity, and enhanced user experience, the project is drawing high-level partners from lending apps—Compound, and from third parties. Less than a week before the end of the ICO, Sentinel dVPN became the latest addition.
  • The team prioritizes anonymity. In that direction, they will integrate privacy mixers like Tornado Cash, and their blender– PlutusDeFi ETH bl3nd3r, masking and shielding ETH transactions.
  • There are 120 million PLT tokens, 50 percent of which are delicately distributed to the team and community. 50 percent are spread out to public investors.
  • Users in Eastern Europe planning to use Plutus DeFi Debit cards must hold a minimum set amount of PLT tokens. This is a net positive for the price especially if there is an unexpected demand.
  • DeFi lending provides an alternative enabling token holders to earn above rate interest rates from their assets. Plutus DeFi is already making selection easy by aggregating and proposing platforms with high lending rates for supported assets like DAI.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

There are perhaps a million reasons why privacy is important. Privacy is part and parcel of who we are. It describes us. By nature we are keen on preserving this individuality, an aspect that makes us distinct. With newer technologies ever bringing us closer like never before, there is no other time in history that the world is demand for more privacy that in the 21st century.

But what could be the reason? The rise of governments willing to collect every nounce of information from all and sundry is pushing individuals to the wall. Exacerbated by the rise of social media and search engines who are more than just platforms but data harvesting machines, privacy is the perfect antidote to limit the powers of oligopolies and governments.

Through  privacy there is respect for individuals and if push comes to shove, there are measures on the ground to limit damage and effect reputation management steps. With privacy there is magnification of the Freedom of speech and expression. Privacy helps foster trust and respect.

By advocating for privacy and implementing policies geared towards prioritizing privacy, there will be no need for one to justify themselves. There will be freedom for more political activities. In short, there will be no room for curtailment. Blockchain made that possible but Nix is taking it a notch higher.


At core, Nix is a platform that meet the needs of their end users. From its platform, they will mint  a privacy centric currency on top of a multi-layered interoperable platform that will be the base of an anonymity centric network. It is here  where users can launch anonymous dApps and smart contracts.

This additional cushion will be the “best-in-class privacy layer”  to any blockchain in existence.

Enabling this is robustness that is inbuilt in Nix. By design, the platform is built over four layers. The protocol and utilization layers handles consensus and tools respectively. Meanwhile, the communication and dApp layers allow for interoperability and dApp development.


Behind Nix’s ingenuity is the development team consisting of Matthew Tawil who doubles up as the Founder at and the lead blockchain engineer. At Nix he specializes in consensus protocol work regarding LPoS (leasing proof of stake), lightweight p2pSigma Protocol, Commitment Key Pack, and layer 2 solutions. Then there is Pieter Hamels, Mikheil Nems and Mauro Hernandez.

In Operations there is Mario Torres who has a Bachelor’s degree in Mechanical Engineering from Universidad del Zulia. Kendry Fernandez is under PR and Editing while Michael Brayer is the Community Manager. Under Design is Thomas while Dan Wiggins spearheads Nix’s marketing efforts by addressing their SEO & Digital Marketing needs.

What’s noteworthy are Nix’s advisors. Charlie Shrem is part of the team. He’s a known Bitcoin advocate and an early founder of the Bitcoin Foundation. He’s had his run-ins with the law but he remains adamant and passionate about privacy and believes privacy projects are the future of crypto. Dr. Sriram Vishwanath is yet another advisor. He is a Professor in the Electrical and Computer Engineering department at The University of Texas at Austin.


It has been roughly a year since Nix launched their mainnet back in June 27. Since then it has been a plethora of activities. From completing their PoS Consensus Model on the day of launch, rolling out the NIX Ghost Vault in September 2018 to completing the NIX 2-Way Ghosting with Commitment Key Packs on Nov 5, progress is positive. Conspicuous in all this was the release of the Lease Proof of Stake Consensus Model on Dec 15 and the mobile wallets in early Jan 2019.

Nix followed this up with Decentralized Off-Chain Governance, a Hardware Wallet Ghostnode Support, a Sigma Protocol Integration, a Exchange listing – CryptoBridge and Hardware Wallet LPoS Support is currently in progress. The icing on the cake in all this was the Exchange listing at KuCoin where its asset was paired against ETH and BTC.

Scheduled for Q3 and 4 of 2019 is Sidechain development and research as well as Developer SDK.


Towards their goal, Nix has a partnership with Kucoin where Nix is listed and paired against ETH and BTC. Concurrently, they are working closely with ChainZilla where their express objective is to “bridge the gap between decentralized exchanges.”

From this collaboration, both companies will seek to help promote future collaborations among decentralized-driven projects as well as the implementation of more NIX private solutions like the Ghost Vault and the 2-Way Ghosting.” Nix also has a partnership with BlockNet, which describes itself as an internet of blockchains and a “2nd layer blockchain interoperability protocol that enables communication, interaction, and exchange between different blockchains.”


Nix creators are after building a novel project, empowering users and freeing them from the increasing entanglement from social and even political interests. Towards that end, the project will be paying homage to the Zoin community believing that Zoin’s “network of individuals are the essence of how there can be an immunity towards community driven empowering ecosystems.”

Therefore, the initial supply of Nix is based from Zoin without the need of an ICO. There was a 2:1 Airdrop for Nix and Zoin coins meaning at the time of snapshot, two times as many Nix coins as Zoin were created followed by a claimed Airdrop where issuance is based on evidence from Zoin ownership and that not all coins could be  claimed.

From this, the initial supply was 38 million with a capped maximum supply of 175 million where the initial Nix reward stood at 68. Nix halving will be after 1,050,000 blocks where each block is generated after every two minutes. Besides there is a seven percent block fee towards a development fund that will instead cater for research and development of the Nix protocol.

Presently, there are 43.2 million coins in circulation, each trading at $0.20 with a market cap of 8.64 million. The $0.20 tag is a far cry of $6.83 it tested 10 months ago. From this, it is evident that Nix plummeted 97 percent to 7 cents before recovering.

NIX/BTC Price Analyses

Trading below last year’s lows, Nix like most crypto assets is under pressure. However, from technical arrangements, a snap back to trend after free falling 97 percent in 2018 is the main resistance trend line connecting highs from Q3 2018. Other resistances for upsides are the 0.000020 BTC, 0.000033 BTC and 0.000067 BTC levels. Support is at 0.000009 BTC.

Short Term Catalysts

Overly, Nix is a tool that will empower all and sundry. Fronting privacy and championing for independence in everyone’s social, economic and global structures, they integrated the Ghost protocol. With the team keen on fulfilling its road map, the activation of Sigma at block height block 232,000 meant it was the first Proof of Stake blockchain network to do so. Sigma tags a new level of privacy and scalability.

On top of that it allows for custom “implementation among the many privacy oriented projects with reused technology” as the community enjoy the full benefits of an off-chain governance model where suggestions for network enhancements can be made.

But there is more. Their listing at Flare Wallet promise to be a game changer. Not only is the wallet private yet multi-currency, but the User Interface is an improvement, even better than that of BTC supporting Wasabi. Aside from facilitating private transactions, Flare is where you can trade NIX across different decentralized exchanges thanks to the Ghost Protocol which is a mix of Bullet Proofs, Atomic Swaps, Dandelion, commitment key packs, Tor and Sigma based ZK proofs. As such within the Flare Wallet there is multi-currency anonymous swaps that is only unique which is a huge selling point for users keen on privacy.

On top of this there are dedicated free mobile wallets available for iOS and Android users. Individuals desirous of heightened security can connect Nix to their Ledger Nano S hardware wallets via Nix Electrum. All one has to do is to ensure they download the latest Firmware and have the Ledger Live App.

However, what could spur demand is the new Leasing Proof of Stake allowing for third-party cold staking. With a ROI of 21.44 percent for normal staking and 14.44 percent for Ghost node, rewards alone are enough to entice participation triggering demand and therefore higher prices.

Long Term Catalysts

Decentralization and interoperability is no doubt, the new cool. With these, privacy is an assurance and as Nix fuels this drive, the DEX Manager is critical. Riding on the principles of blockchain and decentralization, this dApp “solves privacy layers among DEX trading by virtue of privatized atomic swaps.”

Additionally, it will be a bridge, connecting DEXs allowing for better liquidity. Like the activation of SWAP, Nix is the first of its kind allowing for anonymous trading, swapping all from an easy to use DEX manager prioritizing security and privacy. Already, Nix is available at Kucoin where it is paired against BTC and ETH.

However, with the gravitation towards decentralization and the intentions of the creators, it is highly likely that NIX will be listed aside from Mercatox but in other liquid exchanges as prices recover after last year’s dredges.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts