Pluton (PLU) is the native reward token of the Plutus financial ecosystem and is earned through Crypto Rewards 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
- Stack PLU and enjoy up to 12 Perks of your choice.
- Unlock Higher Rewards Rates
- Stack PLU and increase your Reward rate up to 9%.
- Convert it into Fiat (PlutusSwap returns in 2024)
- Swap your rewards for Fiat at any time and continue spending.
You can stack your earned PLU for additional benefits and Rewards.
PLU distribution, in the amount of PLU tokens.
Circulating Supply (4,703,477 PLU)
Pluton Rewards Pool (14,796,523 PLU)
Plutus Development Fund (500,000 PLU)
Circulating Supply (4.7m)
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.
Aug 2022: 0.25m PLU has been unlocked from the Developer fund for development and marketing purposes.
Aug 2023: 0.25m PLU has been unlocked from the Developer fund for development and marketing purposes.
Reconciliations: The remaining PLU in circulation were issued to users as PLU Rewards and they are being reconciled in batches over time.
Pluton Rewards Pool (14.79m)
Every time someone spends with their Plutus Card, they earn a minimum of 3% back in PLU that comes from 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 (0.5m)
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.
- 500k PLU was unlocked on 30th September 2021.
- 500k PLU will be unlocked on 30th September 2022.
Although these time-locked PLU are already unlocked, Plutus has been lean with its budgeting and only 500k have been allocated so far. Currently, the remaining 500k PLU 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 rewards in the form of Pluton (PLU). The percentage back a customer receives depends on their Subscription Plan and Stacking Level.
Minimum Rewards you will receive:
- 3% PLU Rewards
- 1 Perk
Maximum Rewards you will receive:
- 9% PLU Rewards
- 12 Perks
This PLU is emitted from the Pluton Rewards Pool. As more people use the product, the number of people wanting to stack 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 that ensures the longevity of the Rewards Programme. The current circulating supply of Pluton is 4.7m. It only takes a small number of users to consume this supply.
What is the maximum number of stacks you could have per Reward Level?
It would take just 59,186 customers on the Hero Stacking Level to consume all PLU in circulation, or, just 4,932 customers on Honey Badger level.
- Hero = 59,186
- Veteran = 29,594
- Legend = 14,796
- Myth = 9,864
- GOAT = 7,398
- Honey Badger = 4,932
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 2,015 White Paper here, and our follow-up Yellow Paper over here.
- 300k PLU was made available for sales and exchange listings (2020)
- 700k PLU was allocated to the Plutus Development Fund (2020)
- 500k PLU unlocked for Plutus Development Fund (September 2021)
- 500k PLU unlocked for Plutus Development Fund (September 2022)
The 1m PLU that was/is time-locked for marketing and further project development is currently held in the same wallet as the Pluton Rewards Pool. 500k have been transferred so far, and 500k remain to be transferred.
Pluton Rewards Pool (14.29m) + Plutus Development Fund (0,50m) = 14.79m
- Etherscan Wallet: Link here
Note: We may move some tokens back from the Plutus Development Fund to the Pluton Reward Pool if the additional PLU is no longer required.