Important Note: DEX functionality is currently disabled for UK customers. Read more about the changes [here].
How to get rewards
Members on the Premium and Pro accounts will earn up to 3% PLU Rewards on ordinary Plutus Card purchases. Instead of being restricted to the confines of a single store, the loyalty reward is earnt anywhere in the world where your Plutus Card is accepted. This earned PLU will be displayed on your Pluton Dashboard and will unlock additional fiat cash back at any of our online retail partners meaning users can earn double-dip rewards.
The Pluton tab will only be visible if you are a Premium or Pro member. You can find out how to upgrade your subscription here
What is a Pluton (PLU)?
Pluton is a digital token issued on the Ethereum blockchain. Their value will be decided entirely by the users, independent from the control of Plutus and other centralised entities.
How are Plutons distributed?
In 2016 the Plutus team conducted a crowdsale in which 850,000 of the total supply of PLU (20m) were sold.
In September 2020 the Plutus Community approved the proposed Pluton Liquidity Injection Programme which reallocated 2m PLU for a number of purposes including liquidity and further development of Plutus and the product offering.
The remaining 17.15m PLU is reserved for the PLU Reward System, this is the source of the 3% PLU Reward our users earn just for spending with their Plutus Debit Card.
Are Plutons Proof-of-Stake or Proof-of-Work?
Plutons are an ERC20 token on the Ethereum blockchain. The Ethereum blockchain uses proof-of-work to secure its transactions, and Plutons benefit from this ecosystem.
When I make a purchase using my Plutus Debit Card, do I receive a reward in Plutons?
When you spend funds using the Plutus Debit Card you are rewarded with Plutons. At the end of the month, you will then have a Pluton reward which you can send and store via the Ethereum blockchain, or exchange for fiat in the PlutusDEX.
What happens after all PLU are distributed and there are no more Plutons on the PlutusDEX to give rewards?
If the reward pool runs out in 100 years, then the Plutons in circulation will still remain in use the same way as they were before. The only difference being that new ones will not be created. Emission is set to reduce by 0.0165% when the value of crypto conversion on the DEX starts moving above 30 Bitcoin. This means that the higher the volume on the DEX, the slower the emission. This means that it could theoretically slow down to hundreds of years more.
What can I do with my PLU?
You can utilise your earned PLU by converting them to fiat securely and instantly on the PlutusDEX, holding them to earn additional fiat cash back at our affiliate partner retailers with Plutus Perks or send them to anyone, anywhere, using the Ethereum blockchain.