PlutusDeFi — First ever Microcap Hybrid Bridge-Bonding Curve Listing
The past 48 hours have been a huge accomplishment for the team and our supporters! On monday we set out to complete the final private sale round of $500K USD in order to reach our $1 Million USD hard cap.
Since then we have had a flood of interest from some of the largest VC’s in the space, founders of DeFi Projects, media companies and some institutional VC interest.
We can confirm that we have hit $350K of our $500k goal — The first part of the private sale is now closed.
Towards Bridge Bonding Curve Models
We’re announcing that PlutusDefi will carry out the first-ever bridge-bonding curve listing for the remaining 3 million out of 10m million Tokens from the private sale.
This isn’t an ordinary bonding curve style listing. The DeFi space continues to move and advance the technology in weeks worth decades.
We want to prove that DeFi projects can use a utility token, if their valuations are reasonable and fair in the current market situation. This underpins a philosophy that aligns everyone to the success of our products and users, not a bank balance.
We have developed the hybrid Bridge-Bonding Curve model, the very first of it’s kind in the blockchain space. We do this by combining the bridge toll model (first piloted by LTO Network) and implementing an exponential price increasing model in the form of the bonding curve model for the last stage of the sale. This will encourage maximum liquidation and penalties should be triggered and incurred by the seed round, thus drastically reducing the total supply permanently within the first month, benefiting the long-term stability of the supply.
This allows smaller DeFI teams raising with a small hard cap and comparable budget to rapidly increase the value of their tokens through rapid deflationary mechanisms, while also allowing token holders to benefit on all sides.
In the recent months, DEX’s popularity and volume has rapidly increased and are gaining ground against centralised exchanges. We support this movement to move away from centralised exchange listings which can often be burdensome and hinder small DeFi projects which want to remain aligned to their token holders and the wider DeFi community.
We believe that DeFi projects can use a utility token as a value capture mechanism without contributors being maligned by often sudden changes of terms by imposed by centralised exchange lists, enormous fees and strong-arming tech teams.
Bonding Curve Listing: we will be listing blocks of $25K USD in our native $PLT token with an aggressive bonding curve. The sale will be conducted within two (2) weeks on a decentralised exchange which will be announced closer to the time.
On the Initial circulating supply
The initial circulating supply has a moving dynamic, up to a maximum of 27.7% at the initial listing, as the seed round may liquidate if they incur a toll bridge penalty of 55% in the first month. These tokens are burned permanently.
Based on the token allocations found here, below outlines the modelling based on our $1M USD hard cap;
Worst case: 27.7% of the total supply. (assuming everyone has liquidated at 55% in Month 1 from the Seed Round) + Private sale tokens which are liquid)
*Best Case: 9% of the total supply.
*Base case is based on the seed round not crossing the bridge, but the private sale and bonding curve being liquid.
Questions and Clarity
Q: I have contributed/registered, but I’m missing emails or can’t see my transaction
A: There are a few people experiencing issues, we have found this is due to them registering with wrong emails, therefore missing verification emails sent to them to verify their account, or by not following the process and adding their wallet sending address under their profile, if they are contributing from a Web3 wallet which is not metamask, or used a third party service such as an exchange to send contributions. Simply email hello@plutusdefi.com to resolve this.
Q: Do I need to complete KYC?
A: Yes, all contributors need to complete KYC due to legal parameters for initial listings. We have enabled people to place a contribution before the close of the sale which will be rechecked at the close of the sale. This is due to the global COVID-19 pandemic, whereby some people may not have the resources to acquire or have up-to-date identity information, whether it be passports, banking statements or access to the necessary PC equipment to complete KYC, given that many cities and towns across the world are still in lock down.
If there are any issues, you will be contacted in the next 14 days to verify the information.
Q: I am getting stuck on uploading KYC, especially the video recording
A: We apologise for the inconvenience and frustration caused. Firstly, our platform is only optimised for google chrome, please try using this browser.
Secondly if you reach the video submission stage and get an error on submission, we still receive your KYC application.
If there are any issues, you will be contacted in the next 14 days to verify the information.
Q: Is PlutusDeFi selling more tokens for the bonding curve?
A: We are not selling an increase in tokens for the bonding curve. The tokens allocated for the bonding curve sale listing have been split from the private sale.
Q: What is the initial circulating supply?
A: The initial circulating supply has a moving dynamic up to a maximum of , as the seed round may liquidate if they and pay a toll bridge penalty of 55% in the first month. These tokens are burned permanently.
Based on the token allocations found here, our initial circulating supply worst case is the following:
Worst case: 27.58% of the total supply. (assuming everyone has liquidated at 55% in Month 1 from the Seed Round) + Private sale tokens which are liquid)
Best Case: 8.33% of the total supply.
*Base case is based on the seed round not having any liquidations, but the private sale and bonding curve being liquid and circulating.
Read more for our plans on the next year ahead:
PlutusDefi releases year-long campaign to become the largest Full Stack DeFi platform
Feel free to reach out to us on:
Website: https://plutusdefi.com/
Telegram: https://t.me/plutusdefi
Twitter: https://twitter.com/plutusdefi
Medium: https://medium.com/PlutusDeFi
