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

We are launching the protocol at an extraordinary time: it is the middle of the harshest crypto-winter ever, assets in the green zone in the entire market could be counted on one hand and there used to be no coin, which looked like a solid investment. But when math comes into play no bearish sentiment can resist: the logic behind Pluto is well calculated, so this coin should rise even if the things go south for all other crypto.

The treasury is the core of the Pluto protocol, the key objective of which is the growth of the collateral value per one PLUTO token. The market-making algorithm ensures that the market price is between this value and the maximal price, which is a collateral per token multiplied by three. The onboarding mechanics builds up the treasury and increases PLUTO's backed price, and staking incentivizes participants to buy and hold Pluto as a long-time investment.

All the announced features are now available:

• Mindblowing Onboarding mechanic with an APY of up to 75050% APY, which allows the community to contribute to the growth of the treasury and get PLUTO tokens at a lucrative premium. You can find it on the official website of the Pluto protocol.
• Three digit staking emission allows the community to earn passive income with limited downside risk. Try it on the staking page on Pluto.gold.
• The market-making algorithm that maintains gradual growth without plummeting and sky-rocketing is run on Puzzle swap.
• Protocol-owned liquidity share up to 20% of the treasury, ensured by strong community incentives, provides room for buyers and sellers for trades of any scale.
• Treasury is composed of stable assets allocated to the safest protocols to make the staking rate above 20% even on dark days of the market.

Initially, the protocol works with the following parameters:

• Tokens accepted for onboarding: the Pluto parent pool LP token. Will be added very soon: USDT, USDC. Will be added within one week: USDN.
• Maximum staking emission: 60%. The actual staking rate depends on the share of stakers, i.e. in case of 50% Pluto staked, maximal staking APY will be twice as much.
• Treasury allocation

Waves.Exchange USDT/USDN pool: 40%
Pluto parent pool: 12%
Buyback reserves: 182,549

• Current treasury APY: 15%
• Onboarding rewards: link.
• Max price coefficient: 3, which means the maximal price is three times the backed price.

PLUTO token was listed on the Waves.Exchange just a week ago with no prior marketing campaign and external funding, but it has already gained a lot of traction and raised $890k assets into the treasury thanks to the active Waves community. This is just the very beginning of a new big thing in the DeFi space!

Stay tuned! t.me/plutosoon

Protocol’s metrics at the moment of the launch:

• Market Price: 💵 3.76
• Backed Price: 💵 1.47
• Max Price: 💵 4.40
• Treasury value: 💵 890,049
• Total supply: 🟠 606,236.76