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 2023)
  • 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 the amount of PLU tokens.

• Circulating Supply (2.563.405 PLU)

• Pluton Rewards Pool (16.686.595 PLU)

• Plutus Development Fund (750.000 PLU)

Note: The funds from the Plutus Development Fund (0.75m) are held in storage alongside the Pluton Rewards Pool (16.69m) - EtherScan link here (17.44m)

 

Circulating Supply (2.56m)

PLU has been entering circulation through different means over the last years:

• 2016: 0.85m PLU were sold to raise enough funds to kickstart the project. Circa $1m worth of BTC and ETH was raised which funded development for several years. 
• 2020: Plutus launched the Pluton Liquidity Injection Program (PLIP). This involved a further 1m PLU entering circulation via token sales, market makers, and exchange listings.
• 2022: 0.25m PLU has been unlocked from the Developer fund for development and marketing purposes.
• Up to 2022: 0.46m PLU have entered circulation through rewards emission from our Rewards program. 

 

Pluton Rewards Pool (16.69m)

Every time someone spends with their Plutus Card, they earn a minimum of 3% back in PLU. This PLU comes from the 16.68m PLU in the Pluton Rewards Pool. The Pluton Rewards Pool is allocated entirely to the community and cannot be used by Plutus for anything other than awarding Plutus Card shoppers with rewards.

 

Plutus Development Fund (0.75m)

During PLIP, 1m PLU was re-allocated to the Plutus Development Fund. These are time-locked and become available to the team incrementally for further app development and marketing.

• 500,000 PLU was unlocked on 30th September 2021.
• 500,000 PLU will be unlocked on 30th September 2022.

Although some PLU has already been unlocked, Plutus has been lean with its budgeting and are yet to dip into the Plutus Development Funds. Currently, the funds are held in storage alongside the Pluton Rewards Pool - Etherscan Link.

 

 

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. 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 2.56m. 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 10.250 customers on the Hero Staking Level to consume all 2.56m PLU in circulation, or, just 1.281 customers on G.O.A.T.

• Hero = 10.250
• Veteran = 5.125
• Legend = 2.563
• G.O.A.T = 1281

Tokenomics were designed to maintain a low circulating supply by having a desirable utility and a rising difficulty level to ensure the 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