Pluton (PLU) is the native reward token of the Plutus financial ecosystem, and is earned through Cashback and Perk Rewards on transactions. You can find the contract address in this link here. 

 

What can I do with PLU?

PLU can be utilised in a number of ways. Those who own PLU can:

• Unlock More Perks
  • Stake PLU and enjoy up to 8 Perks of your choice.
• Unlock Higher Rewards Rates
  • Stake PLU and increase your Crypto Reward rate up to 8%.
• Convert it into Fiat
  • Swap your rewards for Fiat at any time and continue spending.
• Unlock NFTs (Coming 2022)
  • Receive utility based NFT drops. More news coming soon.
    

Staking Levels

You can stake your earned PLU for additional benefits and Rewards.

 

 

Pluton Tokenomics

PLU distribution, in amount of PLU tokens.

• Circulating Supply (1.85m)

• Pluton Rewards Pool (17.15m)

• Plutus Development Fund (1m)

Note: The funds from the Plutus Development Fund are held in storage alongside the Pluton Rewards Pool - EtherScan link here.

Check out this article for the full details.

 

How is Pluton (PLU) emitted?

Every time a customer shops with their Plutus Card, they earn cashback in the form of Pluton (PLU). 

The percentage back a customer receives depends on their Subscription Plan and Staking Level.

Minimum Rewards you will receive:

• 3% PLU Cashback
• 1 Perk

Maximum Rewards you will receive:

• 8% PLU Cashback
• 8 Perks

This PLU is emitted from the Pluton Rewards Pool (~17.15m tokens). As more people use the product, the number of people wanting to stake PLU for its in-app benefits also increases (i.e. demand). 

Increased demand for PLU directly impacts its value which, in turn, reduces the rate at which PLU is emitted from the Rewards Pool. As a result, PLU is a deflationary token which ensures the longevity of the Rewards Programme.

The current circulating supply of Pluton is 1.85m. It only takes a small number of users to consume this supply.

 

What is the maximum number of stakers you could have per Staking Level?

It would take just 7,400 customers on the Hero Staking Level to consume all 1.85m PLU in circulation, or, just 925 customers on G.O.A.T.

• Hero = 7,400
• Veteran = 3,700
• Legend = 1,850
• G.O.A.T = 925

Tokenomics were designed to maintain a low circulating supply by having a desirable utility and a rising difficulty level to ensure longevity of rewards.

You can read our previous reward model and its tokenomics in the original 2015 White Paper here, and our follow up Yellow Paper over here.

 

FAQ