Pluton (PLU) is the native reward token of the Plutus financial ecosystem. Plutus users currently earn 3% of the value of their card transactions back in PLU.
What can I do with PLU?
PLU can be utilised in a number of ways. PLU holders can:
- Stake for additional rewards - PLU holders can grab additional fiat cashback with our affiliate partner retailers through Plutus Perks.
- Convert into fiat card balance - Convert your earned PLU directly into fiat instantly on our decentralised exchange, the PlutusDEX.
- Redeem for Plutus Premium services - Members can redeem a single PLU for one month of Premium service.
- Transfer without restrictions - As a decentralised token, PLU can be withdrawn and is not restrained to only the Plutus ecosystem.
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.
How is Pluton emitted?
Our users earn PLU by spending with their Plutus Debit Card. The emission rate is variable depending on the volume of the PlutusDEX.
The PLU reward rate is deflationary, meaning as usage of our services grow, the rate at which PLU is emitted to our members decreases. Our reward model ensures token scarcity which provides additional value to our Plutus members.
As the volume of the PlutusDEX remains 30BTC or less, the reward rate will always be 3%. Following that, every increase of 0.1BTC results in a 0.0165% up to a minimum rate of 1%.
Please be aware that we have deviated somewhat from some aspects of these papers in order to build upon and execute the ultimate vision of Plutus; spending crypto anywhere