Plutos Network August 2021 Update

Published in

plutosnetwork

3 min readAug 31, 2021

Another huge month of August saw more announcements, news, and partnerships. We look forward to a massive end to Q3 with our roadmap still in play.

Monthly Highlights

Product release — two new staking products and live metrics feature.
Buyback plan implemented.
Partnerships with Larix and Polkacipher.
Prometheus program begins with staking as a service now available.
Testnet faucet airdrop finalised.

Technical Development Updates

V3 Staking Kit Kat and Oreo staking pools opened. Stake PLUT to earn BUSD rewards. Up to 200% APY returns.

Plutos Network V4 Staking. @polkacipher staking pools opened . Users can stake PLUT to earn CPHR rewards. Plutos V4 staking pools 100% filled in less than 30 mins.

Plutos Network Buyback Plan. Half a million PLUT burnt. The first of three rounds. As planned in our tokenomics, a deflationary mechanism ensures we generate demands for our token in the market, reducing supply at the same time.

Plutos Network live metrics. We understand that transparency is important so we’ve added a new feature at Plutos.Network. Track all key metrics live. Tokens burnt, Plutos tokenomic wallet balances and live price feeds for assets. Track here.

Track all key metrics live. Tokens burnt, Plutos tokenomic wallet balances and live price feeds for assets. Track here.

Plutos Faucet Airdrop finalises. 6 million test-net $PLUT sent to our community. Thank you for participating, ensuring the utmost scalability of our systems. A bridge will be released to convert test-net PLUT to main-net at 100:1 conversion.

Plutos Network partners with Larix. Plutos partners with @ProjectLarix, launching synthetic asset lending services. As two @solana ecosystem projects, the teams will work to bring new values to the ecology and DeFi synth space.

As two @solana ecosystem projects, the teams will work to bring new values to the ecology and DeFi synth space.

Ecology Development

Prometheus Partner Program. Plutos Network is now capable of providing staking-as-a-service technology services for partner projects both ETH and BSC-based, with Polygon projects planned to be introduced.

Plutos Network is now capable of providing staking-as-a-service technology services for partner projects both ETH and BSC-based, with Polygon projects planned to be introduced.

Plutos partners with PolkaCipher. Plutos partners with @polkacipher. Users can stake PLUT to earn CPHR rewards. PolkaCipher is the first to join “Prometheus”. Our staking as a service partnership program.