The Plutos Network is the newest addition to the alpacas range.
With this, young alpacas can now stake ibALPACA for $94k USD in PLUT rewards and this will be distributed in the Grazing Range in a 4 week period.
The Pool is slated to take off today, November 30th 2021 by 10:00 AM GMT.
In addition, participants who meet the Staking criteria will also have the opportunity to earn exclusive NFT rewards.
GRAZING RANGE REWARD DETAILS
Total Rewards: 386,000 PLUT (~$94k USD)
PLUT Token: 0x2984f825bfe72e55e1725d5c020258e81ff97450
Rewards Period: 4+ weeks
Rewards Start Block: 13,082,600 (Approx. Nov 30th, 2021 10 AM GMT)
Rewards End Block: 13,889,000 (Approx. Dec 28th, 2021 10 AM GMT)
GRAZING RANGE DISTRIBUTION SCHEDULE
Below is a breakdown of the schedule. The distribution will run from 30th November through 28th December 2021.
Exclusive NFT Cards for Pool’s Stakers
Some of the Exclusive NFT Cards to be won include the Green Tier, Silver Tier, Gold Tier cards
Eligibility Requirements for NFT cards
For participants to be eligible for the NFT cards, they must stake ibALPACA in the PLUT Grazing Range pool before December 1st, 10 AM GMT ( approximately 1 day after the commencement of the pool) till at least December 28th, 10 AM GMT (for 27 days).
Qualification Requirements for the NFT card Tiers
Green Tier: staked at least 500 ibALPACA
Silver Tier: staked at least 5,000 ibALPACA
Gold Tier: staked at least 50,000 ibALPACA
PLUTOS NETWORK FAQs
Have the PLUT contracts been audited by professional auditing firms?
Yes, the contracts have been audited by Certik and PeckShield.
What is the project’s inception date?
Plutos Network was launched on June 22, 2021.
Has PLUT been involved with a hack or exploit?
No, we have not been involved with any hacks or exploits.
What safety measures are in place to secure PLUT protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?
There are 3 key points to highlight regarding PLUT safety measures.
PLUT contracts has been audited by CerTik and PeckShield.
It has a timelock on our main contracts.
There's a multi-sig implemented where only the core team members are authorized for the multi-sig.
What is the maximum supply cap?
The maximum supply for PLUT is at 100,000,000 tokens.
If Token does not have maximum supply, how is the mint function controlled?
When PLUT tokens are minted, the exact amount of PLUT tokens will be locked to maintain the circulation, so the maximum supply remains unchanged.
If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?
We do apply an insurance fund under the team’s control in case of extreme situations.
Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?
No, we do not have a migration function implemented in our code.
Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?
Our current contracts are not upgradeable, unless it is required due to the changes in business logic.
Third-party risk. What underlying external parties do your contracts rely on?
We do not have any third-party risks relating to our contracts.
Where are your tokens currently listed?
For CEX, we are listed on MEXC.
As for DEX, we are listed on PancakeSwap.
Please briefly describe the utility of PLUT tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)
PLUT is the native utility token in Plutos Network, which is used to pay for the transaction fees and synthetic issuance services and also for the deposits of any on-chain applications. Besides, the PLUT holders will be able to vote on proposals from the community and even decide how the ecosystem fund will be used in Plutos Network.
Does your token have any advanced mechanics such as deflationary/rebase/reflexive?
No, our token does not have any of those mechanics.
What % of the token supply is/will be controlled by the team?
Around 50% of the supply will be controlled by the team.
What % of the token supply is controlled by investors? What is the token distribution model?
20% of the token supply will be distributed to investors. Please see our tokenomics here.
What monitoring or controls do you have in place that could catch issues, functions, or delay attacks to protect assets?
We get third-party auditing and security checks on a regular basis.
Do you have a bug bounty program in place/planned?
No, we do not have a bug bounty program right now.
Is there someone dedicated to security on the team? Does your git include your test/QA scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?
Our Blockchain architect is responsible for the design and implementation of all aspects related to on-chain and off-chain security, and our CTO is responsible for security operational monitoring and compliance.
Our Git repos contain tests for all extrinsics that can be called and for all storage-related migration functions.
Our QA process includes automated unit and integration tests in the development environment, followed by a test runtime upgrade in the staging environment.
It is our intent to do periodic auditing for mainnet releases, and also additional one-off auditing for specific critical releases.
To learn more about Plutos Network, you can visit their official communication channels;
Twitter** **
Medium** **
Telegram** **
