Tokenomics

Use Cases & Economics

PLUT is the native utility token in Plutos Network, which is used to pay for the transaction fees and synthetic issuance services and also for the deposits of any on-chain applications. Besides, the PLUT holders will be able to vote on proposals from the community and even decide how the ecosystem fund will be used in Plutos Network. The main utilities of native token PLUT are classified as follows:
● DAO Governance Only the community members holding PLUT tokens have the right to participate in the governance of the entire network, including voting on the addition of sub-contracts or system upgrade proposals. In addition, PLUT holders can also make changes to the entire network by independently initiating community proposals, but they must also obtain the consent of more than 1/3 network nodes.
● Rewards PLUT will be distributed to the users who issue and trade derivatives in the platform. Also, when users provide liquidity on Plutos in the process of Staking, rewards of PLUT tokens will be distributed according to a certain ratio.
● Commission PLUT will be used as commission medium to pay for the fees incurred during transactions. Approximately 0.3% of the value is deducted from all synthetic trading volume and 0.03% of notional amount is charged for Plutos synthetic issuance including products like swaps, options and perpetuals. The fees are going to be sent to the fee pool.

Token Metrics

The token metrics are detailed below:
Ticker: PLUT
Total Supply: 100,000,000
● Ecosystem Growth: 15% of the total supply; reserved for marketing, partnership and exchange listing, vesting through a 2-year period
● Team & Advisors: 10% of the total supply; Lock-up for 3 months after TGE, then vesting through a 2-year period
● Liquidity Fund: 20% of the total supply; reserved for the fund for liquidity on Uniswap and other exchanges, vesting through a 2-year period. Unlocks to be decided by DAO Governance through voting.
● Mining Reserves: 35% of the total supply; reserved for the network incentives after the main-net launch. Unlocks to be decided by DAO Governance through voting.
● Fundraising: 20% of the total supply:
Round
Price
Allocation
Release Policy
Seed Round
$0.1 USD
5% of total supply
15% vesting on listing, linear vesting over 12 months for the rest starting from the 3rd month after TGE.
Private Round
$0.2 USD
14% of total supply
25% vesting on listing, linear vesting over 12 months for the rest starting from the 3rd month after TGE.
Public Sale
TBD
1% of the total supply
No Lock-up
Initial MarketCap: $850k
Projected TGE: Mid June
Plutos Network will seek more solid value basis enforcements such as business development, user growth, community growth and ecosystem construction, etc.

PLUT Deflationary Mechanism

Token supply deflation is a mechanism that ensures that the company can generate more demands for tokens in the market, and reduce supply at the same time.
Certain proportions of PLUT tokens will be bought back and burnt using the commission fees during the applications of derivative issuance and trading by our users. The buy-backs will be carried out on regular basis.
With increasing use cases and expanding user base, more values will be added to the ecosystem for sustainable and long-lasting growth.
Last modified 4mo ago