PlutoSwap ($PLUTO) is a multichain DEX aggregator tool. The emphasis is on Layer 2 blockchains and the project hopes to be fully DAO-governed in the near future.
These criteria set it apart from most other DEX aggregators on the market, which tend to be single-chain with DAO governance (such as Jupiter, which is focused on Solana).
An introduction to PlutoSwap
The PlutoSwap DEX aggregator finds the most efficient routes between automated market makers (AMMs). Ultimately, this means that gas prices are optimized and the trader gets the lowest possible price for the trading pair. The tool spreads trades across multiple exchanges to find the best price, with deep liquidity.
A standout attribute of Plutoswap is its capacity to analyze price differentials among markets on diverse DEXes and uncover optimal routes through indirect markets. The protocol engages with multiple automated market makers, generating fresh pathways by dividing and autonomously assessing each route to optimize output.
The AI can even analyze markets, make recommendations, and execute trades automatically.
Along with finding the best routes, the interface is designed to be easy to use, which is a key component in successful DEX aggregators. If it’s difficult to operate, users will find other interfaces that do a better job.
As it focuses on Layer 2s, the prices are going to be much lower, as Layer 2s offers much more efficiency in comparison to Layer 1s. Layer 2 blockchains have increased scalability, reduced transaction costs, swift confirmations, enhanced privacy, and interoperability advantages.
PlutoSwap tokenomics & roadmap
There are a total of 300 million $PLUTO tokens. The token breakdown is as follows:
- 35% (105 million $PLUTO) – marketing and development.
- 20% (60 million $PLUTO) – presale.
- 15% (45 million $PLUTO) – treasury.
- 15% (45 million $PLUTO) – staking.
- 10% (30 million $PLUTO) – liquidity management.
- 5% (15 million $PLUTO) – founding team (vested).
The presale started on February 9th with a price of $0.10. Currently, the price is $0.101, and the price will continue to increase as the presale progresses, until listing on a major exchange. The exact exchanges where the token will be listed have yet to be finalized.
The presale is set to finish on May 5th with the token generation event set to take place on May 21st, when tokens can be claimed. The $PLUTO token allows for voting on proposals and enables users to shape the direction of the broader ecosystem. In contrast, other exchanges and aggregators are dominated by centralized control and vested financial interest.
The testnet will be published soon for the public in PlutoSwap. The team hopes to soon launch on major layer 2 networks including Arbitrum, zkSync, Base. The presale is currently in its very early stages, a fact that could prove attractive to those looking to take part in something new within the DeFi industry.
Why choose Plutoswap?
There are four primary criteria separating PlutoSwap from the competition; its focus on L2s, its incorporation of AI into its pathfinding model, its DAO governance approach, and its multichain capabilities.
These are distinguishing characteristics that could separate it from established DEX aggregators and DEX providers. PlutoSwap has strong value propositions, but only time will tell if it can disrupt existing platforms and take some of the existing DEX aggregator trading volume. The current trade volume of the DEX industry is around $28 billion, according to DeFiLama.
Ultimately, it is highly likely that users will gravitate towards a DEX aggregator that is easy to use and provides the best prices – which PlutoSwap aims to achieve.
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