Hello everyone,

We’re plugging away at our dex. It’s coming along nicely. In a couple of weeks, we’ll let in some initial traders to test our private beta. This is the base design.

We wanted to give a quick update on some of the upcoming items. Here are some dates we’re looking at. Thanks for your patience:

New Website: April 30th

Early beta access to the new Dex: May 3rd

Whitepaper release: May 5th

The airdrop: May 10th. There will be a 6-week lockup with everyone from the airdrop being automatically whitelisted for our IDOs. Contests winners will not have their tokens locked.

We’re heading back to work. We’ll give another update in a week or so as we get closer to some of the events above.

Getting Closer to Launch (update) was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

It’s been a while since we’ve given an update. Here is a quick breakdown of where things stand.

We’ve done a vast majority of the work we’ve needed to do to get moved over to Binance Smart Chain. We just didn’t need to convert the liquidity mining dApps, etc over to BSC, we had multiple other major products under development that needed to be rethought considering this move. It’s been a lot of work, but we’re excited about getting everything launched over the next few weeks.

The DEX

This is just one of the designs of the trading screen.

We’re banging on our dex in testnet to make sure it’s ready for primetime. We’ll open it up in a couple of weeks for private testing to a small group of early beta users directly from our telegram community. Then, we’ll publicly launch the Dex sometime in Mid April. We’re targeting April 12th.

Our goal is to bring a more intuitive design to decentralized exchanges. We realize that people love decentralized exchanges for a plethora of reasons, but the UX/UI experience isn’t one of them. We’re working hard to improve that experience.

The IDO Platform

The good news first: We’ve already secured a deal for our first IDO (which will go live next month). It’s a crypto startup in the NFT space. Stay tuned for updates. We want our platform to be a launchpad for great crypto projects. So not only will we list the great projects on our exchange, we’ll help incubate them and give our users early access through IDOs. We feel this would be a powerful combination and we’re excited about launching both the IDO and Exchange simultaneously.

New Team Hires

Over the last few weeks, we’ve added the following members to our team. So soon there will be a flurry of marketing activity around Plow. Right now, things are quiet but that won’t last for long.

Content Director

Social Media Manager

Awareness Chief

IDO Researcher

IDO Marketer

Partnership Lead

IDO Sales Lead

Ambassador Lead

Listing Manager

Whitepaper

The first version is complete. We’re just iterating and should be ready to publish it at the end of the month. It’s 19 pages and we need to edit it down to something more palatable. It will answer any questions you have about the project, vision, tokenomics, etc. It’s been an important process for us as focus on taking the next steps for our business.

New Contract Launch

We’ll publish the new token in a couple of weeks and then convert to bep20 on Hotbit.

The Airdrop

We’ll do the distribution when we launch the exchange. We’re discussing it internally, but we think one of the best ways to do it would be to stake the tokens and then whitelist everyone from the airdrop for the IDOs. Would likely be much more profitable that way considering how well IDOs have been doing.

We’re working hard here. Thanks for your attention!

Plow Prelaunch Update was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

We have some major updates:

Binance Smart Chain

After debating options like Tron, Avalanche, Polkadot, and many others, we’ve decided to port Plow over to Binance Smart Chain.

Without getting into all the details, there were a few major reasons why:

Because of erc-20 compatability, we’d be able to reuse most of our code. So that saves us a lot of time in regards to completing the move.

We have team members who have relationships with Binance so there is just a bit of comfort with the organization in general.

Binance’s ecosystem is unmatched in terms of its technical prowess, dependability and support.

We hadn’t shared this publicly, but we’re also working on a DEX. Leveraging BSC will speed up the development and deploying of our DEX while also allowing us to use what we’ve already developed. It’s just the best choice for us even considering how much we love platforms like Avalanche. Be on the lookout very soon for what we’re planning here as we’d like you all to be involved in our pre-launch process.

Airdrop

Because the fees will be so much lower and because we’ll be close to launching our DEX, we won’t need to have a long lock and stake period for the airdrop like we previously imagined. Using BSC will allow us to do a much faster distribution and allow some of those tokens to be trader early without the worry of depleting our LP providers.

Hotbit

For traders that purchased tokens at the pre-liquidation clearing event ($150+ per token), you’ll get the new bep-20 token distributed to you at the equivalent price that you paid for them. So you will not lose any value because of the massive price drop because we removed the liquidity. When we re-launch the new token, the price will be reset on Hotbit and other exchanges. Whoever has PLOW will be converted at equal value.

Just for clarity. Our team and private investors provided all the liquidity. So we pulled our own funds out so that we can move them to Binance. You can’t rug-pull yourself.

Distribution Date: Please don’t ask them every single day. We don’t have a set date. Our plan is to launch the DEX in April and we’ll start distribution at the launch of the DEX. With product launches, it’s definitely to set a firm data weeks in advance. As ERC-20 and BEP-20 use the same addresses, there is no need to send us anything new. As long as you’ve not sent us an ERC-20 address from an exchange, you’re fine.

Thanks for your patience.

Moving to Binance Smart Chain + Airdrop update was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

A major update:

We’re likely going to move from Ethereum over to Binance Smart Chain. The spike in gas fees has made the Ethereum blockchain practically useless at this point. The gas fees are so high at the moment, that the fees are higher than the rewards for the contests we ran over the last 2–3 weeks. The gas fees make it impossible for us to complete our airdrop. In many ways, the gas fees alone have slowed up our progress and we’re concerned that there might not be any short-term solution. We can’t wait until ETH 2.0 is implemented to the point where the gas issue is resolved.

We never imagined they’d increase this much and stay this high for so long at the time we started building Plow a few months ago.

We’re investigating several blockchains at the moment, but we’re confident, at this point, that we’ll likely move to BSC. We’ll likely make that decision over the next couple of days.

Don’t be alarmed by us removing liquidity from Uniswap. Our team members and early investors control pretty much all the Plow supply and we all agreed just pulling the liquidity was the best thing to do as we start the move to another chain.

Thanks for your continued support.

Moving off of Ethereum was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello Plowers,

You can now trade PLOW on Hotbit: https://www.hotbit.io/exchange?symbol=PLOW_USDT

Enter our Trading Competition:

https://hotbit.zendesk.com/hc/en-us/articles/1500002436302-

We’ll add other pairs as necessary.

This is just the start of our long journey and we have future listings already planned. We have lots of work to do as we have more product releases planned this month and some marketing partnerships to get PLOW in front of more traders.

We thank you for your continued support.

Trade PLOW on Hotbit! was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

Let’s do it DeFi degens!

Who can participate?

Everyone is welcome and encouraged to join us — the more memes the better.

What should the memes be about?

Make sure your memes follow the general theme of yield farming and defi.Try to be original!

What format is allowed?

Images, GIFs or even videos.

Rules

• Create an alt season-themed memes using https://www.iloveimg.com/meme-generator or your own creation.
• Upload your creation to HERE and fill in your Telegram username, account email, and Twitter account
• After the submission period ends, we will review the memes and forward them to the respective Telegram group for voting.
• The top 3 memes with the highest votes will win the prizes.

Promotion Period

• Meme Submission: 12:00 Jan 26 - 12:00 Feb 3rd, 2021 (EST, UTC -5)
• Voting in Telegram groups: 12:00 Feb 4th -12:00 Feb 5rd, 2021 (EST, UTC -5)

Prizes

• 1st place: 4 PLOW tokens
• 2nd place: 2 PLOW tokens
• 3rd place: 1 PLOW token
• Community Choice: 7 winners winning .5 PLOW each

Requirements

• Participant must follow the following PLOW channels and like the Meme Contest posts on Twitter

Terms & Conditions

• Terms & Conditions
• - Not valid to sub-accounts.
• - Limited 2 meme submission per account.
• - The meme should be original, fun, creative and respectful. We will review all submissions before posting to the respective groups. Submissions with plagiarism and/or irrelevant will be disqualified.
• - By submitting your meme, you agree to give Plow Finance the right to repost your work in all marketing channels.
• - The winners will be announced on Feb 6th, 2021.
• - The prizes will be credited to the winning users’ wallet account within 10 working days after the promotion ends.
• - In case of any dispute, Plow Finance reserves the right of final decision.

The Contract Address

$PLOW Token Explorer: https://etherscan.io/address/0x7c34eafdbfcc04999e568015c2b6cec89b1a550d

Join the rest of the Plowers

• Join our Discord discussion: https://discord.gg/UZvqBjZ
• Join our Telegram group: https://t.me/plowfinance
• Don’t miss an update by following us: https://twitter.com/plowfinance

PLOW Meme Contest was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

You can check the spreadsheet for the Plow Airdrop to confirm whether or not you were included.

It’s here: https://docs.google.com/spreadsheets/d/1LeCRwa-mp164WYJjazxz4b7Bo0ZV2ZsypVxtK3rQlV8/edit?usp=sharing

We had placed a $50,000 cap on our airdrop before starting. Instead of cutting everyone’s reward down to fit within that cap or excluding a majority of our participants so that those who were included could get the full rewards, we’ve come to a compromise.

We had over $1,000,000 in rewards. That was over 20x our cap. That wasn’t possible. We increased our cap to $400,000 and modified everyone’s rewards proportionately to fit within that cap. Also, as your airdrop will be locked and staked, you’ll have a chance to earn more PLOW from staking. There is a chance that when you’re unlocked, your rewards will be higher than your original airdrop value if PLOW grows in value.

We’re still checking the airdrop for cheaters and duplicates. You’re seeing an edited version of the spreadsheet. We’re still going through the spreadsheet and will remove cheaters. That is a “living” spreadsheet.

We’ll start distributing the airdrop to everyone in February. Check our blog for updates, but we’ll post the update in the announcement section on telegram.

Cheers,

The Plow Team

Plow Airdrop Spreadsheet was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

The airdrop submission period had ended.

The airdrop distribution period has begun.

Thanks to everyone who participated in the airdrop. We’re working hard to clean up the results. Our airdrop bot partners have already cleaned thousands of duplicates and fake submissions from the 3 bots. We’re working tirelessly to go through the rest of the 20,000+ submissions to make sure we have an honest representation of real people and not fake accounts trying to take advantage of the airdrop. We have two data analysts going through every individual submission searching for duplicates and cheaters. It’s a strenuous process but necessary. Cheaters only decrease the value of PLOW and that’s bad for everyone besides the cheaters.

The bots are no longer running because they don’t need to. We’ve collected all of the data. Nothing new (like a new referral) that could come in at this point would count towards your totals because the airdrop submission period is over.

This is a free airdrop. We’d like everyone to do well with this. However, our priority is always to our Liquidity Providers. We’ll never do anything to jeopardize them. So as we roll this out, we’ll always do it first thinking about protecting our LPs.

A couple of important things:

This is a free airdrop. We’ll never ask you to send anything to a wallet nor will we require that you purchase any PLOW to get your airdrop.

The overall payout cap was $50,000 in PLOW tokens. However, we know we’ve gone well beyond that in terms of the number of people who have submitted and what they’ve get based in rewards. We’re not going to give 10,000 people $5 in tokens. We’re gonna do our best to get everyone everything they’ve qualified for. That’s going to take us well over our cap. Our idea is to lock up the tokens for 6–8 months in a PLOW wallet but also stake them with PLOW rewards so that you can earn while you’re waiting for the tokens to be unlocked. I think that’s the best-case scenario for everyone.

We’re going to release a redacted spreadsheet next week so that people can go through it and find their accounts so that you’ll know whether your submission was cleared or not. We’ll likely date them too so that you’ll know when you’ll get your airdrop.

We’re considering the above scenario (locked and staked) so that everyone can be accommodated. And we’ll grow our liquidity and trading volume in the meanwhile.

Next week, we’ll do another post with the spreadsheet. We also have lots of new things to release next week. Stay tuned.

The airdrop submission period had ended. The airdrop distribution period has begun. was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

Last month, we launched an Airdrop campaign that quickly grew our community.

We know all of you are waiting on the airdrop distribution. The process to collect all information has been a bit long and we apologize for the delay. We’re also launching phase two of the airdrop that will go live on Dec 7th, 2020.

We appreciate the patience of the airdrop participants. We are aware and acknowledge that the distribution has been delayed by a few days as we said we’d be ready to distribute the airdrop on November 21st. We did not intend to delay this, but we were working overtime to launch our first pool that is closing in on nearly $250,000 in liquidity. Check it out here: https://info.uniswap.org/pair/0x4e8db204e2c284a03c28c5162a11f25327fd5099

One thing we need to clarify. Our initial token supply was going to be over 200,000,000 tokens. We’ve significantly reduced that number and placed a hard cap of 2.5M tokens.

So instead of getting what would be close to 100 tokens (initial price was going to be $1 each) that would have a value of $100, you’ll get nearly 1 token that is currently trading for nearly $120 on Uniswap. The award amount stays the same. However, we came to the conclusion it would be better for the project and community to work with a much lower supply.

Another opportunity to claim PLOW

During December, we’ll announce the Creative Contest and the Plow Launch Contest where you’ll get opportunities to earn more plow.

The next phase of our beta will be the final stage of checking and evaluating all factors such as security, pooling system, deposits, withdrawing, liquidity, etc to ensure a smooth launch and minimize any disruptions.

The airdrop, marketing drop, beta testing, and creative projects are a great chance to get PLOW tokens without investing so we hope you take advantage.

New Airdrop Distribution Dates

The distribution will be delivered in tiers for over 8 weeks. We’ll distribute an equal amount of airdropped tokens every week based on the order in which people have completed the steps. So every week, 12.5% of the airdrop tokens will be distributed.

The first air airdrop will occur on January 5th, 2021. The final airdrop will conclude on March 5th, 2021.

Plow truly does appreciate your involvement and commitment in supporting us along the way and being apart of our community! We want to take this opportunity to thank all our partners and users for the support and precious feedback. Together, we will make a difference!

Thanks for your patience and understanding.

Please stay tuned for more news coming from us and don’t forget to follow us!

Good luck! And see you soon!

The Contract Address

$PLOW Token Explorer: https://etherscan.io/address/0x7c34eafdbfcc04999e568015c2b6cec89b1a550d

Join the rest of the Plowers

• Join our Discord discussion: https://discord.gg/UZvqBjZ
• Join our Telegram group: https://t.me/plowfinance
• Don’t miss an update by following us: https://twitter.com/plowfinance

Plow Airdrop Distribution Update was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

Plowing feeds the world

Agriculture was the primary development that drove the rise of civilization. Farming created the surpluses that allowed people to build and cluster in cities. This science and art of cultivation has been a driving force of humanity for thousands of years. Nothing has been more fundamentally impactful to human society. Plowing has changed the world.

Plowing the soil is the foundation of farming. The primary role of plowing is to prepare the top layer of soil and bring fresh nutrients to the surface while eradicating the weeds that can destroy a crop. Plowing is done before anything else… before you plant your seeds. If you want to reap the rewards and be a great farmer, you need to cultivate your plowing skills.

Now a new form of farming is coming to civilization and we think it has equally transformational potential. There are nearly 5 trillion dollars sitting in no/low yield accounts around the world. There are billions of dollars in crypto sitting in hard wallets, exchanges, etc earning no yield. We’re always working hard for our money. Now, our money will work hard for us. We’ll all become farmers and decentralized finance will fan the flames of a new financial fire that will make yield-farming a central component to everyone’s financial planning repertoire. These tools have typically only been available for the wealthy. Now, every person will have access to tools to maximize their cash base.

We want to introduce you to Plow. We’re going to ship our community tools that help them plow their fields and be the most productive farmers they can be. We’ll help the small independent farmers up to the big industrial shops. Plow aims to provide you the highest yield available while always focusing on removing the weeds. We’ll focus on removing the risks that can destroy your yields.

Plowers need tools to protect their crops

Plow aims to be the most secure yield farming tool in decentralized finance. Having the highest yield will be just a byproduct. Our focus will be on security, trust, and transparency.

We’ll do the above by focusing on these things that will be baked into our protocol and processes.

We’ll continue to build the platform with security engineers at the beginning of the process, not the end.

We’ll do weekly, continuous audits on all our vaults. We’ll do both certified audits by reputable auditing firms and community-based audits and bounties.

We’ll have limited direct interaction with the smart contract. Users will mainly only be able to manually interact with the deposit/withdraw function.

We’ll have intelligent moving caps to prevent flash loans from manipulating our pools.

We’ll implement a circuit breaker. When too many withdrawals from the pool are occurring simultaneously, the break will trip to give us a chance to see if the withdrawals are legit transactions or someone trying to exploit the smart contract.

Our final security measure includes you, the Plowers. Nobody wants to be part of an industry-changing project that has no hope for longevity due to malicious actors in the world. We will rely on you to put your White Hats (or Grey Hats) to help us find our blind spots. Most projects make you submit tickets into black holes, or don’t have any way to contact them outside of social media. The last thing we want is for you to tell us about potential exploits by announcing it to the world. We haven’t settled on the exact bounty amount, but you will be rewarded if you help us remain secure.

Token Distribution

• Total $PLOW supply: 2,500,000 PLOW distributed over 4 years
• Circulating supply at launch: 0 PLOW
• Emissions happen as rewards are farmed:
• 68% for liquidity providers from incentive pools
• 8% rewards to the operational treasury
• 24% rewards to the team for building PLOW
• PLOW holders receive the 5% fee from PLOW operations.
• Airdrop rewards will be distributed on November 21st.

The Contract Address

$PLOW Token Explorer: https://etherscan.io/address/0x7c34eafdbfcc04999e568015c2b6cec89b1a550d

Join the rest of the Plowers

• Join our Discord discussion at: https://discord.gg/UZvqBjZ
• Join our Telegram group at: https://t.me/plowfinance
• Don’t miss an update by following us at https://twitter.com/plowfinance

Plow all the fields was originally published in Plow Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.