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The current real-time price of PLSARB is $0.1419. In the past 24 hours, PLSARB has traded between $0.1419 and $0.1423, showing strong market activity. The all-time high of PLSARB is $1.54, and the all-time low is $0.1415.
From a short-term perspective, the price change of PLSARB over the past 1 hour is , over the past 24 hours is +1.04%, and over the past 7 days is -0.16%. These figures provide a quick overview of the latest price trends and market dynamics of PLSARB on LBank.-5.96%
The live price of PLSARB today is $0.1419, with a current market cap of $0. The 24-hour trading volume is 25.87. The price of PLSARB to USD is updated in real time.
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Before deciding whether to buy or sell PLSARB, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PLSARB technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PLSARB.
How much will PLSARB be worth tomorrow, next week, or next month in ? What about your PLSARB assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PLSARB Price Prediction
To learn more about PLSARB, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
arbitrum-one | 0xcfc2...d85196  | 162.383K | 49.11% |
arbitrum-one | 0x4b93...decf7f | 49,396 | 14.94% |
arbitrum-one | 0x656f...9974bb | 31,678.99 | 9.58% |
arbitrum-one | 0x8282...96aa25 | 14,352 | 4.34% |
arbitrum-one | 0x1b72...b02d89 | 10,949 | 3.31% |
Other | 61,874.42 | 18.71% |
Plutus ARB (plsARB) was a token offered by PlutusDAO, an Arbitrum-native governance aggregator. It was designed to allow users to stake their Arbitrum (ARB) tokens and earn yields. The aim was to maximize user liquidity and incentives while aggregating governance power within the Arbitrum ecosystem. PlutusDAO intended to wield significant governance influence through its aggregated holdings, with plsARB serving as a key component of this strategic approach.
The primary utility of plsARB was to enable users to stake their ARB tokens and earn various rewards, including PLS tokens and additional plsARB. PlutusDAO positioned it as a mechanism for users to earn a 'dual-yield' on their ARB holdings, particularly because Arbitrum initially lacked a native staking function. By holding plsARB, users contributed to PlutusDAO's aggregated governance power within the broader Arbitrum network.
plsARB depegged significantly from ARB primarily due to the absence of a direct reverse redemption function; users could not directly convert plsARB back to ARB. This meant the main exit route was selling on decentralized exchanges. Confidence waned as activating native staking yield proved more challenging than expected. This, coupled with decreased incentives for holders and scrutiny over how user voting power was managed, led to its price trading at a notable discount against ARB.
In April 2024, PlutusDAO announced its decision to fully 'unwind' plsARB. This process permits a 1:1 redemption of plsARB tokens directly for ARB. The decision followed persistent challenges in achieving the original vision for plsARB, especially regarding the activation of native staking yield. This strategic move aims to address past issues and rebuild trust and confidence within the community and with its users.
Acquiring similar crypto tokens typically involves several steps. Users usually start by setting up a cryptocurrency wallet compatible with the target blockchain network. Next, they select a decentralized exchange (DEX) to facilitate the trade. On the DEX, they choose the desired trading pair (e.g., an asset like ETH or USDT against the token they wish to purchase) and complete the transaction. Additionally, some platforms might offer ways to obtain tokens through community events or promotional airdrops.
Tokenomics refers to the economic principles governing a blockchain token's creation, distribution, and use. It outlines how a token gains value, its supply mechanics, and its role within the ecosystem. Key aspects include utility, value accrual (like fee sharing or treasury dividends), and supply schedules. For plsARB, its tokenomics aimed to generate value through staking rewards and aggregating governance influence, but difficulties in achieving these mechanisms contributed to its performance issues.
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