PLATO, a full-chain financial protocol, saw its governance token surge 560% on its first day of trading, with its FDV approaching $80 million.

Odaily Planet Daily reports that PLATO, a full-chain financial protocol with the vision of "connecting DeFi with the real economy," officially launched its governance token, PLATO, on December 9th. On-chain data shows the token's initial price was 0.002556 USDT, reaching a high of 0.019 USDT within 24 hours, a single-day increase of over 560%. The project's FDV is approaching $80 million. The protocol employs a dual-token mechanism: The governance token, PLATO, is used for community governance, node rewards, and revenue distribution, and is repurchased and burned through platform fees and RWA spreads to strengthen its value. The revenue rights token, IHP, is backed by the revenue from real assets such as hydropower stations, aiming to provide a stable cash flow for the ecosystem and reduce the risk of "air coins" (cryptocurrencies with no real value). Currently, the first phase of the Kyrgyzstan hydropower station, to which IHP is linked, is operational. Subsequent on-chain financing will be used for expansion phases two through five, continuously injecting real-world revenue into the protocol.