What Is Plasma Finance? 

Plasma Finance

## What Is Plasma Finance (PPAY)?

[Plasma Finance](https://coinmarketcap.com/currencies/plasma-finance/) is a cross-chain [DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) aggregator that allows users to easily manage their portfolios from a single, straightforward interface. The dashboard can be easily unlocked through any [Web 3.0](https://coinmarketcap.com/alexandria/article/what-is-web-3-0) wallet.

To learn more about this project, check out our deep dive of [Plasma Finance](https://coinmarketcap.com/alexandria/article/what-is-plasma-finance).

Plasma Finance bills itself as the home for DeFi. The dashboard brings together the most popular DeFi protocols in one place. The platform was created to ensure the democratization of the DeFi market, reduce difficulties and barriers to entry and open up access to all user groups. The creators of the project aim to offer universal solutions that will be appreciated by both beginners and experienced participants.

The goal of the developers is to create a user-friendly and simplified dashboard, with universal access to the best DeFi tools, thus promoting cryptocurrencies to the masses. Plasma Finance acts as a bridge between traditional and decentralized financial markets. It offers a range of advanced financial tools with industry-leading UX, and provides an easy way to connect [fiat on-ramps](https://coinmarketcap.com/alexandria/glossary/fiat-on-ramp) and off-ramps for users. Plasma Finance users can send, exchange and request payments. They can also deposit and withdraw digital assets with one click.


## Who Are the Founders of Plasma Finance?

Plasma Finance started from the creation of PlasmaPay _—_ a non-custodial desktop and mobile crypto wallet with global on- and off-ramps capabilities. The company was established in June 2017 by [Ilia Maksimenka](https://coinmarketcap.com/alexandria/author/ilia-maksimenka). Today, PlasmaPay is a global payments and transfer platform available in over 160 countries, providing crypto and [fiat](https://coinmarketcap.com/alexandria/glossary/fiat) wallets, fiat on/off ramps, and DeFi services and infrastructure for consumer and commercial use. Plasma Alliance is the ecosystem that houses PlasmaPay, Plasma Finance and PlasmaDLT _—_ the Plasma Blockchain.

Ilia Maksimenka is the CEO of PlasmaPay and Plasma Finance. He received an MA in economics from Plekhanov Russian University of Economics and an MBA from McGill University. Prior to PlasmaPay, Maksimenka headed International Business Development at Coursmos _—_ an open educational platform. He has also worked in corporate finance, stock exchange and financial technology; he was a technical analyst in the government and a fund manager in a private investment bank. From 2010 to 2016, he founded a range of startups in the finance and artificial intelligence field. Maksimenka has been in the crypto space since 2013; he’s engaged in the implementation of financial infrastructures, product development and business growth.


## What Makes Plasma Finance (PPAY) Unique?

The idea of ​​the Plasma Finance developers comes down to one point _—_ to make decentralized finance available to everyone, without exception, and provide people with financial freedom through DeFi. Plasma Finance houses the most well-known protocols under one roof, providing the platform with a set of tools that the average user can understand, but sophisticated enough for institutional investors. Plasma Finance believes in leveling the playing field between large institutions and individuals. According to the project team, financial services should be decentralized, transparent, censorship resistant and accessible. 

The long-term goal of the project is as follows: “DeFi for the masses.” Therefore, the developers want to show everyone that using DeFi with Plasma Finance is a simple, convenient, understandable, and most importantly, safe process.

The dashboard contains all the necessary DeFi tools: portfolio management; fiat on/off ramp; liquidity pools; dex & swap aggregator; lending & borrowing; cross-chain asset swap. With the fiat ramps, users can easily buy tokens from a card or bank account. Moreover, the platform has collected some of the best profitability strategies. The team has combined all DeFi assets, liquidity pools and savings deposits, allowing users to quickly compare and find the right option.

To make things simpler and save your time, the dashboard also offers auto-calculations of APY and P&L. In addition, you can choose your ROI from over a hundred cross-chain (Ethereum, Binance, Plasma) liquidity pools available on the platform.

Furthermore, in June 2021, Plasma Finance launched SpacePort _—_ their democratized, open [IDO](https://coinmarketcap.com/alexandria/glossary/initial-dex-offering) launchpad built on the PlasmaSwap DEX. In line with their goal, projects of any size and setup now have the same opportunity to access open, transparent and fairer means of crowdfunding on DeFi. Plasma Finance also houses their Launchpad Alliance – an overview of popular IDO platforms like PAID Ignition, DuckSTARTER, Polkastarter, Poolz and DAO Maker.

So, to sum up, Plasma Finance supports the following features: swap, cross-chain swap, savings account, liquidity pools, market overview, governance, portfolio management, onboarding, borrow and launchpad. As of July 2021, Plasma Finance supports top protocols like Plasma Swap, Uniswap, Sushiswap, YFI, Balancer, Bancor and Curve.


## Related Pages:

Read about [Balancer (BAL)](https://coinmarketcap.com/currencies/balancer/).

Read about [yearn.finance (YFI)](https://coinmarketcap.com/currencies/yearn-finance/) and [Curve DAO Token (CRV)](https://coinmarketcap.com/currencies/curve-dao-token/).

Learn more about [Uniswap (UNI)](https://coinmarketcap.com/currencies/uniswap/) and [SushiSwap (SUSHI)](https://coinmarketcap.com/currencies/sushiswap/).

What is web 3.0? [Click here](https://coinmarketcap.com/alexandria/article/what-is-web-3-0) and find out.

Take a deep dive into smart contracts and DeFi space with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/a-dive-into-smart-contracts-and-defi).

Take a look at the [CMC blog](https://coinmarketcap.com/alexandria/categories/blog): product updates, partnerships, and announcements.


## How Many Plasma Finance (PPAY) Coins Are There in Circulation?

PPAY ([ERC20](https://coinmarketcap.com/alexandria/glossary/erc-20)) is the native utility token of the Plasma Finance ecosystem. It’s used as a commission and reward token in PPAY pools and PlasmaSwap. PPAY holders can participate in the voting system, 1 PPAY = 1 Vote (vote for DeFi projects, for updating the protocol, to control developments), stake their tokens, earn rewards, make in-app purchases in PlasmaPay, trade assets between blockchains and more.

The total supply is capped at 1,000,000,000 PPAY. The distribution of tokens is as follows: 52.5% to community (the supply is locked for liquidity mining), 6.5% to equity holders, 5% to reserves, 5% to seed round, 17.5% to private rounds 1 & 2, 1% to dex listing, 10% to team options, and 2.5% to advisory pool. The full PPAY distribution will be completed by the end of 2022.

Plasma Finance helps you to connect to the platform using six wallets: PlasmaPay Wallet, MetaMask, WalletConnect, Coinbase Wallet, Trust Wallet and Crypto.com. You can purchase the PPAY token using two methods: Ethereum wallets and swaps. In Plasma Finance, users can add liquidity to an existing pool or create new pools.


## How Is the Plasma Finance Network Secured?

Plasma Finance (PPAY) is a cryptocurrency token built on [Ethereum](https://coinmarketcap.com/currencies/ethereum/), and a smart contract is a program that runs on the Ethereum blockchain and is supported by the platform. [Smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) allow the conclusion of trust relationships, transactions, and agreements between anonymous parties. This makes these processes transparent, secure, irreversible, and everything else can still be tracked. Deal algorithms let you exchange money, documents, and carry out other workflows in a safe environment.


## Where Can You Buy Plasma Finance (PPAY)?

Plasma Finance (PPAY) is listed on several cryptocurrency exchanges, it cannot be bought directly for fiat money, but coins can be obtained by buying Bitcoin on any of the fiat currency exchangers for cryptocurrency, and then transferring it to the exchange where the PPAY token is presented. Among them: [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), [Bittrex](https://coinmarketcap.com/exchanges/bittrex/), [Bithumb Global](https://coinmarketcap.com/exchanges/bithumb-global/), [PlasmaSwap](https://coinmarketcap.com/exchanges/plasmaswap/), [Hotbit](https://coinmarketcap.com/exchanges/hotbit/), [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/), [Hoo](https://coinmarketcap.com/exchanges/hoo/), [1inch Exchange](https://coinmarketcap.com/exchanges/1inch-exchange/) and [CoinBene](https://coinmarketcap.com/exchanges/coinbene/).

Learn more about [Plasma Finance](https://coinmarketcap.com/alexandria/article/learn-about-plasmafinance-earn-ppay-tokens) and earn PPAY tokens.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, PPAY or any other token? Check out the details [here](https://coinmarketcap.com/how-to-buy-bitcoin/).


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