PLUTO is a reserve currency that combines DeFi mechanics into a unique model allowing for sustainable storage of funds on the blockchain. At their core, reserve currencies are stablecoins rivals that offer a predictable growth model and stable income with staking.

Pluto Protocol was designed to safely work as a universal investment during the bear market. More than $1M worth of stablecoins have been added to the Pluto treasury since launch, issuing 700,000 PLUTO tokens.

We are proud to announce the launch of the unique design of a treasury-based reserve currency - the Pluto protocol is live!

Pluto is an innovative reserve currency design. It is a financial instrument resistant to bear markets that provides long-term and planned growth in the market price of an asset.

Pluto Protocol has launched its core token, PLUTO, designed to be a reserve currency resistant to bear markets. You can now exchange Waves-based tokens into PLUTO across three decentralized exchanges: Waves Exchange, Puzzle Swap, and SwopFi. The token launch is the first step, with the launch of the Pluto Protocol coming later this week.

This article covers the process of launching and placing in orbit the Pluto reserve currency, a DeFi-innovation on Waves blockchain. You can read more about its mechanics in the White Paper.