PLUT is the official native token of Plutos Network, but Plutos is yet to announce the date for its official launch.
However, the estimated total supply of PLUT to be issued into circulation has been revealed to be 100,000,000 PLUTs by Plutos Team.
Following the total supply, there is a layout of the statistics of distribution among various sectors of the network and the rounds of circulation has been decided
The Statistics of PLUT Token Distribution
The total supply of PLUTs will be allocated as follows:
i. Mining Reservation
After the launch of the main net, 35% of the total supply will be reserved for mining and used for network incentives. To unlock this reserve, there will be a vote as maintained by DAO governance.
ii. Liquidity Funds
20% will be reserved and used for funding liquidity activities across several DEXs such as UniSwap. It will be fixed for 2 years and every funding will be voted on.
iii. Ecosystem/Community Growth
15% will be reserved for growing the ecosystem through exchanging listings, marketing, and partnerships. This will as be fixed for a 2-year period.
20% of the totatal volume of PLUTs will be reserved fundraising.
v. Teams and Advisors
10% will be kept for the team and advisors of the project and this will be locked for 3 months after the TGE (Token Generation Event) of Plutos and then fixed for 2 years.
The Rounds/Stages of PLUT Token Issuance
Although we are yet to know the date of Token Generation Event (TGE) and official launch of PLUT, Plutos Network has revealed that the token will enter into circulation in 3 phases.
1. The Seed Round
In this phase, 5% of the total supply will be in circulation and valued at $0.1. However, 15% of the 5% will be vested on listing and the remaining will be vested linearly from the third month after the TGE.
2. The Private Round
In this phase, 14% of the total supply will be issued into circulation and valued at $0.2. But 25% of the 14% will be vested for listing and the remaining will be vested linearly 3 months after TGE.
3. The Public Sale Round
In this round, 1% of the total supply will be open to the public to buy. However, the value is not yet known and there will be no vesting.
Plutos Network has plans to expand its user base and include more use cases for PLUT. Notably, Plutos will experience a long-lasting and sustainable growth and this will increase the value of PLUT.
About Plutos Network
Plutos Network is a multi-chain DeFi synthetic and derivative issuance and trading platform that is built on BSC, Polkadot, and Solana Blockchains.
Plutos Network provides infinite liquidity on multi-chains through trading, mining, and staking and gives its users the opportunity to participate actively in trading and liquidity with greater chances of profit and sustainability as a result of the low transaction costs and gas fees, higher transaction speed, interoperability, and scalability.
For more information and updates about Plutos Network, visit the following channels: