DePlutus (PLUT)

IDO

Last updated: Aug 20, 2021

DePlutus, next-generation DeFi asset management protocol for both professional and retail investors to initiate, manage and invest in the on-chain crypto funds.

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Overview

Project industry	Finance Services & Banking
Product type	Protocol
Whitepaper	Open

What is DePlutus

DePlutus (PLUT) is a next-generation DeFi asset management protocol, empowering non-custodial and decentralized crypto asset management services. The protocol, featuring on-chain, permissionless and openness, helps investors to achieve premium investment returns via social trading.

Professional investors and fund managers can initiate decentralized on-chain funds by creating asset pools, and trade on DEXs with the DePlutus Protocol and smart contracts. Ordinary investors can achieve positive returns by depositing crypto assets into a variety of funds, and gain additional liquidity by staking the ownership of the fund for liquidity mining while claiming platform PLUT tokens as rewards.

Investor assets are secured via Smart Contracts with total transparency for every on-chain transaction. Fund managers can only trade whitelisted crypto assets and do not have permission to withdraw assets before redemption.

DePlutus is the first DeFi asset management protocol to enable the fund specific token function. The investor will receive the fund-specific tokens (DF Token) after investing in the funds on the platform. DF Token represents the investor’s share of ownership in the fund and is priced in proportion to the fund’s current value.

Details

IDO (Westarter Launchpad): Aug 20, 2021 - Aug 20, 2021
Token supply: 1,000,000,000 PLUT
Hard cap: 10,000 USDT

Token info

Ticker: PLUT
Token distribution:
Liquidity mining - 70%
Community Incentive - 10%
Airdrop - 5%
Early Institutional Investors & Community Contributors - 5%
Core Team - 10%

DePlutus Roadmap

Phase 1

Enable registered fund managers to initiate funds on the DePlutus platform and trade whitelisted crypto assts via DEX. Investors can deposit into the target fund and receive fund-specific tokens proportional to their ownership. Fund-specific tokens can be sold before the maturity date or redeemed to withdraw assets.

Phase 2

Launch of perpetual ETF Funds, allowing investors to directly invest in various crypto index funds. The deposited assets can be redeemed at any time. Fund-specific tokens can be traded via DEX, or staked to claim platform tokens in liquidity mining.

Phase 3

Setup the DePlutus asset management chain, enabled by sidechain solutions and powered by Polkadot (and others) for faster transactions and lower gas fees. The new chain will allow seamless connection to sidechains that Uniswap and other DEXs are deployed on, delivering a better overall user experience.