What is Plume?

Symbol: PLUME · Market cap rank: #377

Short answer

Plume (PLUME) is a cryptocurrency currently ranked #377 by market capitalisation. It is classified as Layer-1 blockchain.

Source: isthiscoinascam.com

Overview

Plume is a Layer 1 network focused on connecting real-world assets (RWAs) with cryptocurrency markets. Founded to address the evolving needs of crypto users, it aims to create new use cases such as RWA derivatives, borrowing and lending, and yield farming, rather than simply replicating traditional finance on-chain.

The network operates as a permissionless EVM chain, integrating various components such as a tokenization engine, compliance tools, and data normalization to streamline the process of bringing real-world assets onto the blockchain. This architecture is designed to facilitate a seamless interaction between real-world items and the crypto ecosystem.

Launched: 2024

Scam-risk analysis

Plume has a low score, indicating elevated scam risk based on the available data. Is Plume a scam?

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