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PLU Price   

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PLU

Pluton  

#PLU

PLU Price:
$7.23
Volume:
$158.1 K
All Time High:
$33.49
Market Cap:
$18.5 M


Circulating Supply:
2,563,406
Exchanges:
6
Total Supply:
20,000,000
Markets:
6
Max Supply:
20,000,000
Pairs:
6



  PLU PRICE


The price of #PLU today is $7.23 USD.

The lowest PLU price for this period was $0, the highest was $7.23, and the exact current price of one PLU crypto coin is $7.22617.

The all-time high PLU coin price was $33.49.

Use our custom price calculator to see the hypothetical price of PLU with market cap of BTC or other crypto coins.


  PLU OVERVIEW


The code for Pluton crypto currency is #PLU.

Pluton is 6 years old.


  PLU MARKET CAP


The current market capitalization for Pluton is $18,523,601.

Pluton is ranking downwards to #465 out of all coins, by market cap (and other factors).


  PLU VOLUME


There is a medium daily trading volume on #PLU.

Today's 24-hour trading volume across all exchanges for Pluton is $158,074.


  PLU SUPPLY


The circulating supply of PLU is 2,563,406 coins, which is 13% of the maximum coin supply.

A highlight of Pluton is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.


  PLU BLOCKCHAIN


PLU is a token on the Ethereum blockchain.


  PLU EXCHANGES


PLU is available on several crypto currency exchanges.

View #PLU trading pairs and crypto exchanges that currently support #PLU purchase.


  PLU RELATED


Note that there are multiple coins that share the code #PLU, and you can view them on our PLU disambiguation page.


  PLU RESOURCES


Websiteplutus.it
Whitepaperplutus.it/assets/Plutus.it-White-Paper-v1.1.pdf
TwitterPlutus
Telegramplutus_group
Instagraminstagram.com/plutus


  PLU DEVELOPER NEWS



Update | Reduced PLU Withdrawal Fees (07/09/22)

Plutus has reduced its PLU withdrawal fees! As of 7th September 2022, 11:30 BST, PLU withdrawal fees have been reduced as follows. Although Layer-2 is well underway, we wanted to provide the community with fairer PLU withdrawal rates that are more in line with current Ethereum gas fees. As the Ethereum network is currently less congested, Ethereum network gas fees have been reduced. As a result, Plutus is now offering users reduced PLU withdrawal fees as well— this will ensure the rewards you have earned so far will go that little bit further! We will continue to monitor and update PLU withdrawal fees based on market conditions. If you have any questions, please open a Support ticket here, or join us on Discord or Telegram for the fastest response times. — FAQ - — What will happen if the gas fees increase or decrease significantly?. — Plutus will continually asses gas fees and set PLU withdrawal rates that are fair towards its customers and Plutus as a business. It is worth noting that Plutus is currently adding PLU to the Polygon blockchain which will offer PLU transfers at even lower costs. — Are PLU withdrawal fees the only fees that are changing?. — No, Plutus will be improving several other card-related fees in the future. Card-related fees require approval from our third-party banking partner and are currently under review. Once these have been approved, we will share an update via email. — Have you been charged a card decline fee?. — One of the fee improvements which are currently under review is the removal of card decline fees. In the meantime, if you have been charged any card decline fees, simply create a Support ticket here and we will reimburse you in the form of PLU! Receive reimbursement on card decline fees > Update | Reduced PLU Withdrawal Fees (07/09/22) was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




Rewards Pool | Balance Reconciliation (#2)

In the last ~3 months, Plutus has awarded over $2m worth of rewards and Perks to Plutus cardholders! Plutus will now be reconciling these balances to account for the rewards paid out. The following wallet currently contains: Pluton Rewards Pool — 16,950,133 PLU, Plutus Development Fund — 1,000,000 PLU, View Wallet > On 30th August 2022, Plutus will securely transfer the following token quantities: 263,538 PLU from the Pluton Rewards Pool, 250,000 PLU from the Plutus Development Fund, Note: These updates will be reflected on our tokenomics HelpDesk article here > — Pluton Rewards Pool Transfer | 263,538 PLU - Plutus will be transferring 263,538 PLU from the Pluton Rewards Pool to account for rewards it has issued to Plutus cardholders. Plutus cardholders made over 726,174 card transactions and spent exactly $31,031,688.69 between 30th April 2022–20th August 2022. At a variable reward rate of 3–8% and up to 8 Perks, Plutus has awarded 263,538 PLU during this period to cardholders. This amount in PLU was awarded to customers from the Plutus Treasury until our new automated system is in place. Plutus will now transfer the 263,538 PLU owed to the Plutus Treasury from the Pluton Rewards Pool. Since the card transaction data is proprietary, including data from our banking service providers, we are legally bound not to reveal the details of these publicly. Therefore, we have appointed our UK accountant, Haggards Crowther, to confirm that the transfer of PLU is supported by the proprietary transaction data. See Verification from Haggards Crowther > All transfers out of the Pluton Rewards Pool will be regularly checked by a third party to provide transparency and protect the longevity of the tokens. Plutus plans to automate its rewards approval and withdrawal process. This will involve creating segregated hot wallets for PLU rewards, which will be linked to the Pluton Rewards Pool in deep cold storage. — Plutus Development Fund Transfer — 250,000 PLU - Plutus will be transferring 250,000 PLU from its Plutus Development Fund to utilise for marketing and international expansion plans. A small percentage of PLU’s total supply (5%) amounting to 1m PLU was allocated to the Plutus Development Fund by order of a community vote in 2020. This is currently held in deep cold storage alongside the Pluton Rewards Pool. Plutus has been incredibly lean with its budget for marketing and awareness campaigns and has, so far, only utilised PLU which was already in circulation. With the United States launch approaching, now is an appropriate time to utilise the PLU within the Plutus Development Fund for marketing to help Plutus scale. On 30th August 2022, Plutus will be transferring 0.25m PLU from the 1m PLU held in the Plutus Development Fund. Haggards Crowther will oversee this transfer of PLU to maintain the integrity and longevity of the Pluton Rewards Pool. Plutus will continue to be cost-conscious with its budgeting and ensure that this PLU is used effectively over an extensive period of time, maintaining the community’s interests at its core. — FAQ - — Can You Explain the Background Context?. — Plutus customers earn PLU from spending; this is emitted from the Pluton Rewards Pool. Thus far, Plutus has been awarding PLU to customers from its Corporate Treasury (Development Fund) rather than directly from the Pluton Rewards Pool wallet. We are now reconciling the balances and, moving forward, we will look to streamline the process whereby all Rewards will be emitted directly from the Pluton Rewards Pool. — Why has Plutus Been Using Its Plutus Corporate Treasury (Development Fund) to Issue Rewards to Customers?. — The original whitepaper describes the use of a smart contract to issue rewards from the Pluton Rewards Pool to customers, however, smart contract technology is still in its infancy and the industry continues to be plagued by exploits. Plutus did not feel comfortable jeopardising the security of its entire Rewards Programme and product with the use of a smart contract. — How much of the circulating supply is being held for additional rewards?. — The tokenomics of our rewards and Perks were designed to maintain a low circulating supply. According to internal data, Plutus customers are currently holding over 50% of the circulating supply (1m+) to unlock additional rewards and Perks and spending over $10m every month. It takes <1,150 G.O.A.Ts to consume the current circulating supply and Plutus currently has 50,000+ customers on the waitlist soon to be onboarded, as well as a United States Launch in Q1. We expect this to increase demand for additional rewards and Perks which will have a positive impact on the circulating supply. — Who Are Haggards Crowther?. — Haggards Crowther is a highly accredited firm of certified Chartered Accountants based in London. They are a certified member of the Institute of Chartered Accountants in England and Wales (ICAEW). — Why Not Continue Issuing Rewards From the Plutus Development Fund?. — The Pluton Rewards Pool was created for the sole purpose of rewarding our customers for purchases made with a Plutus Card. It has a longevity of several decades and, as of today, a supply of 16.7m PLU which can only be emitted to cardholders. The Plutus Development Fund is part of the Plutus Treasury, which is used for marketing campaigns and improving token and Card awareness. — What Are The Tokenomics?. — For full details, please read our HelpDesk article here > — Does This Impact The Tokenomics?. — No, the tokenomics remain the same, this is merely a balance reconciliation. — Why Are We Using A Third Party?. — Since its inception in 2015, Plutus has been an innovation leader, delivering never-before-seen services such as the world’s first Crypto rewards token. It has paved the way for many others to emulate a similar model. We want to continue setting a precedent by verifying reward-related transactions with ICAEW-certified third-party accountants to help maintain trust and transparency. It is very rare for private Crypto companies to take such steps, so we are proud to be one of the first. — When Did the Community Allocate 1m PLU to the Plutus Development Fund?. — In 2020, by order of a community vote, it was agreed unanimously to allocate 1m PLU from the Pluton Rewards Pool to the Plutus Development Fund (held and managed by Block Code Ltd.) to be unlocked at a later date for long-term development and marketing of the product. Further details on the vote can be found here > Rewards Pool | Balance Reconciliation (#2) was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




Update | Improved Card Top-Up Flow

Plutus has improved the card top-up flow! Have you experienced an issue with topping up your Plutus Card? The team has implemented a technical patch to ensure card top-ups work seamlessly. — Technical Patch - Transferring funds from your Current Account to your Card will now consistently work, however, they may take up to 1 business day to be processed (typically closer to 1–2 hours). — Bank-like Solution - The team is also working on a longer-term solution that will permit instant top-ups without friction. This is part of our pivot toward a more bank-like app as highlighted on our roadmap.  — @DDhopn — Additional Measures - In order to improve our services and enhance the user experience for affected EEA customers, we are taking additional positive measures. — 1) Subscription Refund. — If you have an active subscription and were unable to make a single card top-up the entire time between 1st Aug 2022, 00:00 BST — 20th Aug 2022, 23:59 BST, then the value of your subscription will be returned to you in PLU (€4.99 for Everyday, €14.99 for Premium). This applies to affected EEA customers only. — 2) Top-up Incentive. — Top up your Plutus Card between 23rd Aug 2022, 17:00 BST — 31st Aug 2022, 23:59 BST and we will add a one-time bonus reward of $10 worth of PLU to your account. This applies only to EEA customers who top up more than €/500 during this time. — 3) Removed Withdrawal Fee. — All fiat withdrawal fees have been removed until 31st August 2022 for EUR-denominated cardholders. Reward Date: Both the Subscription Refund and the Top-Up Incentive rewards will be added to eligible customers’ accounts on 5th September 2022. — FAQ - — I upgraded my subscription after 20th August, will I get the subscription refund?. — No, only users with an active subscription between 1st Aug 2022, 00:00 BST — 20th Aug 2022, 23:59 BST will be eligible for the subscription refund. — Sometimes my card top-ups worked, other times id didn’t. Am I eligible for the subscription refund?. — No, only users who were unable to make any card top-ups are eligible. — If I top up with less than 500 EUR, will I receive the Top-Up Incentive?. — No, users must top-up their Plutus Card with an amount over 500 EUR between 23rd Aug 2022, 17:00 BST — 31st Aug 2022, 23:59 BST in order to receive the $10 in PLU top-up incentive. This can be done across multiple top-ups (e.g. two top-ups within the dates of 250 EUR). — I did not get my subscription refund or the top-up incentive, what can I do?. — Rewards will be distributed on 5th September 2022. If you do not receive the refund after this date, it may be that you were not eligible. If you believe there has been a mistake, then please contact the Support team via helpdesk and we will review your account. — Why are we not removing the GBP withdrawal fee?. — There are no top-up issues for GBP-denominated cardholders. — Is the EUR withdrawal fee removal permanent?. — No, it is temporary. The EUR withdrawal fee will return on 31st August 2022. — What about the PLU withdrawal to a wallet fee?. — No changes. These will be lowered with the L2 update. Update | Improved Card Top-Up Flow was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcement | Plutus Card to Launch In United States

Plutus will be launching its services in the United States!Join U.S. waitlist > In Q1 2023, United States (U.S.) residents will receive access to the Plutus App and Card, enabling them to spend USD at over 100+ million merchants and earn crypto rewards in the process. U.S. customers will enjoy the same 3–8% crypto reward rates as United Kingdom (UK) and European Economic Area (EEA) customers, but with an updated set of Perks that are more US-centric. The Plutus Card will be issued by Prepaid Ventures (PPV), one of the leading processors of prepaid debit card solutions in the United States. Danial Daychopan, CEO & Founder at Plutus:“This is a major milestone. Soon, a population of 330m will be able to earn crypto simply for living their lives to the fullest! We know there is a huge demand for our services and we have full intentions to become the most rewarding debit card in the U.S. neo-banking sector.”  — @DDhopn More details will be revealed in due course. Join our waitlist to receive first access to the app and card.Join U.S. Waitlist > Alternatively, if you are a UK/EEA resident, you can order a card here > To stay up to date with the latest news, follow Plutus on Discord, Telegram, or Twitter. — FAQ - — What is Plutus?. — Plutus is an industry-leading crypto rewards card, founded in 2015. It allows users to earn up to 8% in crypto rewards on every single debit card purchase, and access 20+ in-demand Perks (including up to 100% back on Netflix, Spotify, and Prime). An accompanying bank-like app allows users to view their rewards; manage fiat and crypto (via a non-custodial wallet), and swap assets via a built-in Decentralised Exchange (DEX). For more information, visit our beginner’s guide > — Why the United States?. — The United States is the largest crypto market in the world, with nearly 75m neo-banking users and around 50m crypto owners — 11x larger than the UK. Plutus is in a position stronger than ever to expand internationally and, after extensive market research, it is evident that there is a high demand for crypto reward cards such as Plutus in this region. — Will Plutus launch anywhere else?. — Yes, we intend to become a brand recognised worldwide. For now, our focus is placed on the U.S., however, following a successful launch we will be exploring LatAm, UAE, and Asia. — What features will U.S. customers get?. — Plutus is currently developing more advanced bank-like features under a new partnership that is yet to be disclosed publicly. For more details on the upcoming upgrade to the Plutus App and Card, visit our roadmap. View roadmap > — Will the DEX be available for U.S. residents?. — The PlutusDEX’s availability will be subject to state laws. Plutus is currently obtaining the necessary licensing to operate the DEX component of its services in as many states as possible. — What Perks will U.S. customers get?. — The full list of Perks will be revealed closer to the release date and it will include all the major brands in high demand from our U.S. customers. If you have any suggestions, then tweet @plutus. — Will I be able to sign up for the U.S. service from outside of the U.S?. — No, only U.S. residents can sign up and access the U.S. version of the app. — What fiat currencies will be supported?. — Customers can only spend their local currency — USD for U.S. customers, GBP for UK customers, and EUR for EEA customers. Announcement | Plutus Card to Launch In United States was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




Plutus Roadmap | 2022 (Improvements)

The Vision - “Liberate everyone with a rewarding and accessible financial system.” — New Payments & Card Provider - We want to provide our customers with a service that is better than a bank! Scaling Plutus with additional bank-like features is necessary for mass-market adoption and, after the recent influx of new customers, this requirement is now more apparent than ever. Our management team at Plutus has spent this quarter gathering data on customer pain points and establishing new and improved partnerships with payment and card providers to overcome those challenges. Whilst the details of the partnerships are reserved to be revealed at the upcoming Plutus Community Event on the 6th July, it will enable us to develop the following features: Virtual cards, SEPA — instant top-ups 24/7, Send money directly to others, Receive money directly from others (e.g. salary), Current account and card balances combined into one, Direct debits, Standing orders, International expansion, Plutus will provide a whole suite of innovative bank-like features combined with an industry-leading non-custodial rewards programme. As transitioning infrastructures is a complex process, existing customers in the United Kingdom and European Economic Area will be transitioned in batches onto the new service and card across 2023. — Updated Roadmap - The above additions strengthen the foundations of Plutus and enable us to be your single dependable and highly-rewarding bank card. Henceforth, the release of NFTs and Pool & Earn will be moved from our planned release this year into 2023 to accommodate the development of new bank-like features. The new and improved roadmap delivers a more critical product suite that we know are in-demand and will excite the wider mass market. — Roadmap Highlights - — Polygon Layer-2 Solution. — As of 27th July, Plutus has officially confirmed its partnership with Polygon, the most widely used Ethereum scaling solution. The agreement includes both co-development and co-marketing opportunities. The implementation of this will now go live in Q3 2022. Announcement | Plutus Signs Agreement With Polygon — DEX on Mobile (EEA). — The DEX will be re-enabled for EEA customers on mobile with a new and improved UX, allowing you to swap your crypto and fiat on the go. — Website Improvements. — The Plutus website will undergo a refresh that better delivers our unique product offering and streamlines the website’s user experience. — Web App Improvements. — This includes better aligning of features across the web and mobile applications, including rewards, perks, onboarding, and more. — Mobile App Improvements. — This will be a major overhaul to the fiat side of the application and includes an improved view of your transaction history and limits, as well as a more detailed breakdown of your spending habits and rewards. — International Expansion (Upcoming Announcement). — This is a major announcement that will be unveiled on the 6th July 2022. Those attending our Plutus Community Event in London will be the first to receive the news. Plutus Community Meetup | The Courthouse Hotel, Shoreditch | 6th July — Additional Nice-to-Have Features. — Utility-based NFTs will be rewarded to those on different Reward tiers — they will each come packed with their own reward. Pool & Earn is an opportunity for users to earn additional rewards for providing liquidity support on the PlutusDEX. Towards the end of the year, Plutus plans to release the highly-demanded Metal Cards as well as Business accounts. These additions will enable higher spending and rewards, as well as the ability to issue multiple cards under a single account. — FAQ - — Why has Plutus’ Roadmap pivoted?. — The new service provider opportunity enables us to deliver more critical features that better achieve the company, and our customers’, vision. Whilst the prior roadmap edition included nice-to-have features, the new roadmap edition offers a more powerful and scalable product suite which we know the mass market requires. User feedback has also played a crucial role in the decision-making process. Our focus is placed on high-value bank-like features that create a bigger impact on the long-term success of the business, as well as improving our customers’ overall experience. — Is there other development going on outside of Roadmap?. — Absolutely, we are continually iterating the product to improve the functionalities and user experience. The above Roadmap covers the key milestone that are most exciting for our readers, but there will be many additional releases along the way including new partners, Perks, and cards returning in stock (Q3). — What happened to the Wallet Extension and BTC release?. — The Plutus Wallet Extension was originally conceived as a solution to the lack of support for non-ERC20 tokens. As the industry continues to rapidly evolve, the need for a custom-built Plutus Wallet has diminished — there is now an array of publicly accessible wallets (e.g. Trust Wallet) that supports multiple networks. Plutus relies on a blockchain’s speed and low costs to provide its peer-to-peer and non-custodial on/off ramps for crypto and fiat. Therefore, we have decided not to add Bitcoin due to its tech’s many incapabilities and the negative user experience (e.g. +1hr card top-ups). — When will the PlutusDEX become available for UK residents?. — A firm timeline depends on external processes which are outside of Plutus’ control. Plutus has submitted its application and this is already several months into the review process, however, current FCA processing times for 5AMLD applications can range from 6–9 months. Whilst a concrete date is not confirmed, the Layer-2 solution scheduled for Q3 will allow UK customers to withdraw, transfer, and/or swap PLU externally for just a few cents. — How will the transition process work?. — Users will be transferred onto the new service and card provider in batches without experiencing any downtime. Customers will be informed in advance via multiple channels as to how this will work. — How are the timelines estimated?. — The timelines provided are based on the time required to complete necessary compliance procedures for third-party integrations and internal development capacity. As Plutus continues to scale, these are likely to improve. We are currently filling several positions so, if you want to join our team, apply below. Jobs at Plutus - cord — How can I stay up-to-date with Plutus?. — Follow us across one of various social channels to stay up-to-date on the latest ongoings at Plutus. We share news in our community channels first. Telegram, Discord, Reddit, Twitter, Medium, Plutus Roadmap | 2022 (Improvements) was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcement | Plutus Signs Agreement With Polygon

Plutus has signed a contractual agreement with Polygon Studios! Polygon, formerly known as the Matic Network, is a Layer-2 scaling solution that runs alongside the Ethereum blockchain. It is designed to allow higher-speed and lower-fee transactions for tokens such as Pluton (PLU) built on the Ethereum Blockchain. Plutus will be working alongside Polygon’s development team to deploy PLU onto its sidechain. Upon completion, customers will be able to seamlessly send, withdraw, and swap PLU without experiencing Ethereum’s high gas fees. As opposed to this quarter’s planned self-deployment, we have taken a lengthier but more strategic approach to collaborate and refine the agreement over many weeks. As such, the launch of PLU on the Polygon sidechain is now expected for Q3 2022. We will be reflecting these changes on an improved roadmap which we will publish on 29th June 2022. With new partner opportunities yet to be disclosed, we are taking an improved product direction with more bank-like features tailored to the mass market’s needs. Stay tuned! Announcement | Plutus Signs Agreement With Polygon was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




New Perk | Curve

Introducing… Curve! We have partnered with Curve to offer you new and exciting reward opportunities. Curve has now been added to our list of Perks, meaning you can enjoy up to 100% rebates in PLU on your Curve Subscriptions. — What is Curve? - Instead of leaving the house with various cards in a physical wallet, Curve aggregates your cards into one mobile app. Simply select the card you want to spend with in-app (e.g. Plutus Card) and spend in-store via the Curve card or a supported xPay like Apple Pay. — Why Is A Curve Black Subscription Useful? - — Additional Rewards. — Get 1% cashback from Curve in Curve Cash Points at 3 selected retailers paid to your Curve account. This comes on top of the Crypto Cashback (up to 8%) that you will receive to your Plutus account. — Apple/Samsung/Google Pay. — Via Curve, you can use your Plutus Card with Apple/Samsung/Google Pay. No need to bring your physical Plutus Card with you! — FX Fees. — Enjoy fair foreign exchange (FX) rates when using your Plutus Card via Curve. This means non-EURO countries such as Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden can now use their Plutus Card via Curve without any Plutus FX fees! Check Curve’s FX terms for full details on any fees or limits that may apply. — Travel Insurance. — Curve Black and Metal customers get free travel insurance. — How Much PLU Will I Get? - You will receive up to a £10 rebate in PLU on any paid Curve subscriptions. Curve Black — Get 100% of your £9.99 Curve Black subscription fee back in PLU Curve Metal — Get £10 out of your £14.99 Curve Metal subscription back in PLU — How Do I Use the Curve Perk? - Simply log in to your Plutus App and head to the Pluton tab., Select Curve as your Perk and you’re all set!, Note: Ensure you have updated your payment method for the Curve Subscription to your Plutus Card. Log in to your Plutus mobile app and update your Perks here. Perks for the month of June must be chosen before the 1st of the month. Full guide to Perks here > — Don’t Yet Have an Account? - If you don’t yet have a card, sign up to the Plutus waiting list here to get in front of the queue! Once you receive your Plutus Card, you can then use your free Perk on our free Starter Plan to get up to 100% back on Curve! If you are yet to open a Curve account, you can sign up for free here. New Perk | Curve was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




Rewards Pool | Balance Reconciliation

Since the launch of our current card programme in November 2019, Plutus cardholders have made over 580,000 card transactions and spent close to $30,000,000 in value across both GBP/EUR denominated Plutus Cards. At a variable rewards rate of 3–5%, based on the previous model (before the launch of Rewards & Accounts 2.0 on 31st March 2022), Plutus has awarded 197,866 PLU to its customers. This amount in rewards was paid out from the Plutus Corporate Treasury (Development Fund) to avoid regular transactions from the Pluton Rewards Pool secured in deep cold storage. Plutus will now securely move 197,866 PLU owed from the Pluton Rewards Pool to the Plutus Corporate Treasury (Development Fund). Since the transaction data is proprietary and includes our banking service providers, we are legally bound not to publicly reveal these details. Therefore, we have appointed our UK accountants, Haggards Crowther, to verify that the transfer of PLU is supported by the proprietary transaction data of Plutus Card holders. See Verification from Haggards Crowther > Plutus plans to automate its rewards approval and withdrawal process. As a result, we are scoping out a development plan to create segregated hot wallets for PLU rewards which will be linked to the Pluton Rewards Pool in deep cold storage. All future transfers out of the Rewards Pool will be regularly checked by a third party to provide transparency and protect the longevity of the tokens. — FAQ - — Can You Explain the Background Context?. — Plutus customers earn PLU from spending; this is emitted from the Pluton Rewards Pool. Thus far, Plutus has been awarding PLU to customers from its Corporate Treasury (Development Fund) rather than directly from the Pluton Rewards Pool. Therefore, we are now reconciling the balances and, moving forward, we will look to streamline the process whereby all Rewards will be emitted directly from the Pluton Rewards Pool. — Why has Plutus Been Using Its Plutus Corporate Treasury (Development Fund) to Issue Rewards to Customers?. — The original whitepaper describes the use of a smart contract to issue rewards from the Pluton Rewards Pool to customers, however, smart contract technology is still in its infancy and the industry continues to be plagued by exploits. Plutus did not feel comfortable jeopardising the security of its entire Rewards Programme and product with the use of a smart contract. — What Will Plutus Do With the 197,866 PLU?. — The PLU being returned to the Development Fund will be used for awareness-based marketing campaigns for the international expansion of the Plutus Card and its native Reward token. — Who Are Haggards Crowther?. — Haggards Crowther is a highly accredited firm of certified Chartered Accountants based in London. They are a certified member of the Institute of Chartered Accountants in England and Wales (ICAEW). — Why Not Continue Issuing Rewards From the Plutus Development Fund?. — The Pluton Rewards Pool was created for the sole purpose of rewarding our customers for purchases made with a Plutus Card. It has a longevity of several decades and a supply of 17.15m PLU which can only be emitted to cardholders. The Plutus Development fund is part of the Plutus Treasury which is used for marketing campaigns and improving token awareness. — What Are The Tokenomics?. — For full details, please read our HelpDesk article here > — What Does the Treasury Structure Look Like?. — 1.85m PLU (out of a total supply of 20m) has come into circulation via public token sales in 2016 and 2020. The 197,866 PLU awarded to customers was part of the existing circulating supply, owned by Plutus, and is now being returned from the Reward Pool. An additional 1m PLU was awarded to the Plutus Development fund via a community vote during PLIP in September 2020. Important Note: The Plutus Development Fund of 1m is currently held in the same deep cold storage wallet as the Pluton Rewards Pool. The combined tokens amount to ~18.15m before reconciliation. Pluton Rewards Pool: etherscan.io For full details of token fundamentals, read our HelpDesk article here > — Why Has Plutus Not Touched Its 1m Plutus Development Fund?. — Plutus has been incredibly lean with its budget for marketing and awareness campaigns and only utilised tokens that were awarded by the community via PLIP. Note: Plutus has no immediate plans to utilise the remaining 1m PLU within the Plutus Development Fund. An announcement will be made in advance of any potential transfers to continue maintaining transparency. — Why Are We Using A Third Party?. — Since its inception in 2015, Plutus has been an innovation leader, delivering never-before-seen services such as the world’s first Crypto rewards token. It has paved the way for many others to emulate a similar model. We want to continue setting a precedent by verifying reward-related transactions with ICAEW-certified third party accountants to help maintain trust and transparency. It is very rare for private Crypto companies to take such steps, so we are proud to be one of the first. Rewards Pool | Balance Reconciliation was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




FAQ | Plutus Cards Out of Stock

We are experiencing overwhelming demand for our services. In just 5 days, we issued more Cards than we have across the rest of 2022 combined. As a result, we are now officially out of stock. We are manufacturing additional cards as fast as possible to accommodate the ever-growing demand. We estimate new Plutus Cards to be in stock in ~4 months. Customers who sign up now will be added to the front of our waitlist for when new cards become available. For our new joiners who ordered their cards in time, welcome aboard. For those looking to order a card, thank you for being patient! — FAQ - — Can I Still Order A Card in Advance?. — Yes, we recommend ordering your Card in advance so that you are at the front of our waitlist. Sign up as normal, and your card will be distributed once they are back in stock. — Are Cards Free to Order? What About the £/€20 EUR Deposit?. — Yes, Plutus Cards are free to order. A £/€20 deposit is required during sign up but this belongs to you; it is added to your Plutus Account balance which you can spend as you wish once your card arrives. — Do You Have Digital Cards?. — No, we do not currently provide digital cards, but it is a feature we are keen to add. We are currently exploring the possibility of this with our banking provider. — What If I Ordered my Card Just Before the Card Stock?. — If you ordered your card before 9th May and received an email confirmation, as well as an in-app screen displaying ‘On the Way’, then you should expect to receive your card within 7–10 business days. Note: A few dozen new card signups towards the end of the cut-off period did not make the cut, you will be notified via email in the next few days. — Can I Track the Status of My Order?. — No. Unfortunately, it is not possible to track the different stages of card production. — Will the Card Delivery Time Be the Same Once They Are In Stock?. — The card delivery time will be the usual 7–10 business days once they are back in stock. — Can I Change the Delivery Address Down the Line?. — Yes, once cards are back in stock, you will be asked to confirm your delivery address in-app before your card is shipped. We will notify you via email when to action this. — Will I Get Access to the App?. — Soon. Upon ordering your Card, you will see a screen that says ‘Your Card Is Being Manufactured’. We are updating the flow so that those who have ordered a card can access the app prior to their Plutus Card arriving. — I Am an Existing Customer. What Happens if my Plutus Card is Lost, Broken, Stolen, or Expired Plutus Cards?. — As we are out of stock, existing customers with lost, broken, stolen, or expired Plutus Cards will have to wait until new cards arrive in stock. We apologise for the extended wait times. — I Participated in a Promotional Offer?. — For all queries regarding the promotional offers held during the month of May, please refer to the below document. Full details on Promotional Offers > — Do I Still Get Referral Bonuses for People I Refer?. — Yes. The current flow is: Complete KYC → Deposit Fiat → Card Dispatched → Activate Card → Referral Bonus We are updating the flow so that referral rewards will be paid once the referee Deposit Fiat, rather than upon Activating Card so that you can continue to spread the word of Plutus whilst we are out of stock, and earn some additional PLU along the way! If you refer someone before this change is implemented, and they have ordered a card but not activated it, you will earn a referral reward for it! FAQ | Plutus Cards Out of Stock was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcement | Rewards & Accounts 2.0 is Live

Rewards & Accounts 2.0 is officially Live! — Highlights - New Subscription Plans & Staking Level structure, Increasing Crypto Reward rates up to 8%, 20 New Perks — Select up to 8, Referral Programme on Web, Added Biometric Support, + more!, Download ‘Plutus | Bank On Crypto’ on the App/Play Store to get started! — New Fiat Subscription Plan - Upon creating a Plutus Account, customers must choose one of three flexible Subscription Plans: Starter, Everyday, and Premium. This has been designed so that every Subscription Plan provides rewards that are far in excess of the Fiat costs. — Cashback Rewards. — All Subscription Plans offer a minimum of 3% in Crypto Rewards, Boost this up to 8% by staking PLU (see Staking Levels below), Your Subscription Plan determines the amount of spending you can earn Crypto Rewards on. Your Staking Level determines the Crypto Rewards percentage (%) you will earn. Without staking, you will earn the minimum of 3% applied to all Subscription Plans. For examples, please read our FAQ section below. — Perks. — Select up to 3 Perks depending on your Fiat Subscription Plan, Boost this up to 8 Perks by Staking PLU (see Staking Levels below), Plutus has 20 new and exciting Perks to choose from and has made them easier than ever to use. Additional Bonus Perks are being developed and will be added in the future. Simply select a Perk and shop with your Plutus Card. Enjoy up to 100% rebates in PLU on all Subscription-based Perks (e.g. Netflix), Enjoy up to £/€10 rebates in PLU on all In-Store/Online Perks (e.g. Aldi), Conditions apply, please read our FAQ section below. — New PLU Staking Levels (Optional) - Customers have the option of boosting their benefits by staking PLU. There are four Staking Levels: Hero, Veteran, Legend, and G.O.A.T. Note: Staking Level benefits are not added to Subscription Plan benefits but replace them. See FAQ section for additional details. Staking PLU unlocks: Higher Crypto Reward Rates (%), More Perks, Lower Fees, NFTs (Q2 2022), Note: Your Subscription Plan still determines the amount of Card Spend you earn rewards on. — App Revamp - Plutus has improved the UI of several sections of the mobile app. Onboarding — New customers can now enjoy a streamlined onboarding experience., Biometric Login — All customers can utilise fingerprint and face recognition to log in to their Plutus App quickly and easily., In-App Guides — Plutus has introduced explainer guides in various sections of the product., Rewards & Perks Dashboard — Plutus has improved areas of the Rewards tab and introduced a new Perks dashboard to accommodate the 20 new brands., The improved version of the DEX user interface will be added on mobile in April. — Referral Programme - Plutus has introduced a referral programme to the Web application! Customers can share their personal Plutus referral link with friends and family, and earn additional Crypto rewards for every referral. Referrer gets $10 in PLU, Referee gets $10 in PLU, A mobile version of the Referral Programme will be released this April. — Promotional Offer - To celebrate the release, new and existing customers can enjoy 1x month free (April) of whichever Subscription Plan they like! New Customers: Sign up here and select your Subscription Plan., Starter Plan Customers: Select your free Subscription Plan via ‘Settings’ on mobile., Premium/Pro Plan Customers: You have been automatically grandfathered onto Premium for 3x months., Subscription Plan selection must be actioned via the Mobile app. — FAQ Section - — Subscription Plans & Staking Levels — Example. — James pays £4.99 per month for the Everyday Subscription Plan. He is therefore eligible for: 3% Rewards on up to £2,000 worth of spending each month (worth £60)., 2 Perks of his choice (worth circa. £20)., James then boosts his Everyday Subscription Plan by staking 2,000 PLU for the G.O.A.T Staking Level. James is now eligible for: 8% Rewards on up to £2,000 of spending each month (worth £160)., 8 Perks of his choice (worth circa. £80)., NFTs (more details revealed at a later date in Q2), — What Other Features Will Be Added on Mobile?. — Some features have been temporarily disabled on mobile to accommodate other new and improved features. These will be re-added shortly. An improved version of the DEX UI, Fiat Withdrawals, Referrals on mobile, Don’t worry, all of these features are still accessible on the web application in the interim. — What Changes Have Been Made to the Fee Structure?. — Plutus is improving its fee structure! This includes aspects like lowering the DEX fees and removing Card Decline fees which add friction to the user experience. The improved fee structure will go live in April alongside the improved PlutusDEX UI on mobile. — Which Perks are Eligible for 100% Rebates?. — Subscription-based Perks Plutus covers all Subscription-based Perks that are under £/€10., In instances where all plans are above £/€10 (e.g. Apple One at £/€ 14.99), Plutus covers the costs of the entry-level plan., In-Store/Online Perks All In-store/Online Perks (e.g. Tesco) will receive up to £/€10 per month in PLU rebates., View our Helpdesk for more details > — What Happens If My Perk Costs More than £/€10?. — Spotify Example Spotify Individual = £9.99 Spotify Family = £16.99 If a customer pays for the Spotify Family plan with their Plutus Card, and has Spotify selected as a Perk, they will receive the maximum rebate of £9.99 in PLU. This means customers are never penalised for upgrading their Perk plans. — I Can’t Update My Subscription Plan on the Web App?. — The Web App revamp is scheduled for Q2. All updates have been applied to the mobile application. Download and log in to the mobile app and select your Subscription Plan in the new Settings dashboard. Announcement | Rewards & Accounts 2.0 is Live was originally published in Plutus on Medium, where people are continuing the conversation by highlighting and responding to this story.




  PLU NEWS


Demand for Plutus Card's 8% Crypto Cashback Release Explodes After...

    If there is any way to bring in customers that is almost foolproof, it is through bonuses, rewards, and perks. Different industries have done this for years and now, it seems that Crypto is doing the same. As more people are enthusiastically embracing cryptocurrency, many more firms in the FinTech space are offering rewards, and experiencing positive consumer results. One of the latest examples of this is Plutus, a Crypto finance app that, on March 31, 2022, launched a new rewards programme that offers up to 8% cashback for shopping with a Visa Debit Card. Plutus on the Rise The recent update, which the company, termed Rewards and Accounts 2.0, includes the release of 3 new subscription plans and 4 new staking levels. These subscription plans and staking levels determine how much cashback you get (up to 8%), and also how many Perks you get. Alongside the 8% cashback, the company recently introduced their revamped Perks programme, offering around 20 Perks including up to 100% rebates on Netflix, Spotify, Prime, Apple One, Disney+, and so on. The timing of the announcement was also rather interesting as Crypto.com, which had a similar crypto card, announced the slashing of its rewards by about 70% shortly after on May 1, 2022. The response to this was Crypto.com’s native token, CRO, dipping by more than 30% within a week of the announcement. In fact, the company received so much criticism and backlash from its customers that it had to walk back on its decision, though the... read More



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