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Plair Joins Hands with ShareRing to Expand PLA Token Utility

Written byMaxwell Mutuma
Edited by Niharika Deshpande
July 21, 2020
in Blockchain News
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In a major development from the blockchain world, Plair has announced its partnership with ShareRing to expand PLA token utility and to support its VeChain blockchain platform.

This partnership will also enable Plair token holders to use Plair (PLA) functional utility tokens for making payments for availing travel-related activities and sharing services offered by ShareRing such as booking tours, sharing hotels, renting cars and more.

What Is Plair?

Plair is a decentralized video-gamer-focused public blockchain platform designed to serve gamers’ needs and improve their overall gaming experience while allowing them to earn a sustainable living for everyday life. Plair is the first Initial Coin Offering (ICO) on the VeChain blockchain application platform. Its decentralized blockchain technology has many benefits for both gamers and viewers, such as:

  • It rewards both video gamers/streamers and viewers.
  • It allows the development of additional decentralized applications (dApps) through accessible open-source tools.
  • It serves as a single platform for gameplay and streaming.
  • It brings together the gaming industry and the crypto community on one platform.

What Is Plair (PLA)?

PLA is a cryptocurrency token that operates on VeChainThor, a public blockchain platform that uses VeChainThor Energy (VTHO) public blockchain to facilitate transactions and support secure smart contracts.

What Is ShareRing?

ShareRing is a decentralized enterprise-ready blockchain built on distributed ledger technology. It is the world’s first trusted token for sharing services. Its distributed ledger technology enables transparent and seamless cross border payments and allows for fast and more secure transactions. ShareRing offers lower fees to both merchants and users.

Bottom Line

Plair (PLA) token holders can earn maximum profits from the financial markets by leveraging automated trading software such as the Bitcoin Evolution App. The software itself scans the crypto markets and signals profitable opportunities for token holders to trade Bitcoin and other cryptocurrencies.

According to Patrick Tang, CEO of Plair, the VeChain partnership with ShareRing will further accelerate the integration of Plair and the VeChain cryptocurrency token VET into other platforms. This will allow Vechain Community to trade in PLA/VET pairing.

Tim Bos, CEO of ShareRing, notes that enabling Plair as a payment method will allow ShareRing to expand its sharing services.

Plair is aiming to accelerate the growth of blockchain technologies through its partnership with ShareRing. With this strategic partnership, ShareRing will be integrated into the VeChain ecosystem, which will benefit members of both the VeChain community and the ShareRing community.

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Maxwell Mutuma

Maxwell Mutuma

Maxwell Mutuma is a crypto journalist at NameCoinNews, with over five years of experience in digital media and Web3 reporting. Since turning his focus to crypto in 2020, he has covered articles around blockchain infrastructure, DeFi protocols, exchange developments, and the broader decentralization movement. Maxwell's work is driven by a long-held conviction that decentralised technology represents a genuinely transformative force. He brings that perspective to his coverage of on-chain developments, regulatory shifts, and the global adoption of Bitcoin and digital assets.

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