This article explains the current distribution of PLU.
Circulating Supply (1.85m)
In 2016, 850k PLU were sold to raise enough funds to kickstart the project. Circa $1m worth of BTC and ETH were raised which funded development for several years.
In 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.
Total Circulating Supply = 1.85m
Pluton Rewards Pool (17.15m)
Every time someone spends with their Plutus Card, they earn a minimum of 3% back in PLU. This PLU comes from the 17.15m 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 (1m)
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.