Press Release

New Reserve Cryptocurrency Protocol PLUTO launches on Waves Blockchain Claiming to Beat Bear Markets

Preview: Pluto Protocol is announcing the launch of its decentralized reserve protocol, designed to be resistant to bear markets and market conditions. The protocol recently launched its token PLUTO

Pluto Protocol is announcing the launch of its decentralized reserve protocol, designed to be resistant to bear markets and market conditions. The protocol recently launched its token PLUTO. The token is supported by a treasury and a market-making algorithm aiming to manufacture a predictable upper and lower range for the token’s value.

According to the protocol whitepaper, The treasury collateral creates a backed price based on the total value of its collateral. The market-making algorithm will buy back PLUTO tokens when the price is too low and mint new PLUTO when the price is high, adding more stablecoin to the treasury. 

The current environment has made finding sustainable yield increasingly difficult. Pluto Protocol aims to solve these problems and help to generate yield on crypto assets that would otherwise remain dormant.

A Pluto Protocol representative, stated, “We’re excited to launch PLUTO. It’s clear we’re in a downmarket now, and more than ever, the crypto market needs something more engineered that can be resistant to external forces. That’s what we aim to do with Pluto, create something that can give sustainable yield even in a bear market.”

The protocol launch will give users the first opportunity to use the protocol features: onboarding and staking. Onboarding means adding collateral directly to the protocol in return for a bonus paid at the end of a lockup period. Staking provides a flexible way to earn an additional yield on PLUTO without any lock-in period.

About Pluto Protocol

Pluto protocol is a decentralized reserve currency, based on the Waves blockchain that aims to create a sustainable token model via dynamic pricing adjustments and treasury backing. For more information, see the Pluto Whitepaper, or join the community channels on Telegram or Twitter

Media Contact: 

Name: Jack Booth

Email: [email protected]

Company Name: Pluto Protocol

Location: Dubai, UAE

Lee Douglas
I have over 10 years of experience in the cryptocurrency industry and my work has been featured in major publications such as Bitcoin Magazine and CoinDesk. I’m also the author of two best-selling books on cryptocurrencies, "The Art of Bitcoin" and "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond". In addition to my writing, I’m an active investor and advisor in the space and a sought-after speaker at major industry events.
bitcoin
Bitcoin (BTC) $ 61,149.38
ethereum
Ethereum (ETH) $ 3,315.44
tether
Tether (USDT) $ 0.999738
bnb
BNB (BNB) $ 565.01
solana
Solana (SOL) $ 127.78
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,313.37
xrp
XRP (XRP) $ 0.476807
the-open-network
Toncoin (TON) $ 7.33
dogecoin
Dogecoin (DOGE) $ 0.117891
cardano
Cardano (ADA) $ 0.374151
tron
TRON (TRX) $ 0.119548
shiba-inu
Shiba Inu (SHIB) $ 0.000017
avalanche-2
Avalanche (AVAX) $ 24.82
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 61,301.42
chainlink
Chainlink (LINK) $ 13.37
polkadot
Polkadot (DOT) $ 5.62
bitcoin-cash
Bitcoin Cash (BCH) $ 352.29
uniswap
Uniswap (UNI) $ 8.97
near
NEAR Protocol (NEAR) $ 5.21
leo-token
LEO Token (LEO) $ 5.77
wrapped-eeth
Wrapped eETH (WEETH) $ 3,447.31
dai
Dai (DAI) $ 0.999246
litecoin
Litecoin (LTC) $ 69.23
matic-network
Polygon (MATIC) $ 0.554477
pepe
Pepe (PEPE) $ 0.000011
internet-computer
Internet Computer (ICP) $ 7.87
fetch-ai
Fetch.ai (FET) $ 1.41
ethena-usde
Ethena USDe (USDE) $ 1.00
kaspa
Kaspa (KAS) $ 0.149081
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,343.94
ethereum-classic
Ethereum Classic (ETC) $ 22.52
aptos
Aptos (APT) $ 6.77
monero
Monero (XMR) $ 161.09
render-token
Render (RNDR) $ 7.19
hedera-hashgraph
Hedera (HBAR) $ 0.075710
cosmos
Cosmos Hub (ATOM) $ 6.67
stellar
Stellar (XLM) $ 0.087540
arbitrum
Arbitrum (ARB) $ 0.782073
okb
OKB (OKB) $ 41.15
filecoin
Filecoin (FIL) $ 4.33
mantle
Mantle (MNT) $ 0.743608
crypto-com-chain
Cronos (CRO) $ 0.088706
blockstack
Stacks (STX) $ 1.56
first-digital-usd
First Digital USD (FDUSD) $ 0.997149
immutable-x
Immutable (IMX) $ 1.48
sui
Sui (SUI) $ 0.870939
injective-protocol
Injective (INJ) $ 21.02
maker
Maker (MKR) $ 2,169.94
vechain
VeChain (VET) $ 0.024539