Most people who use cryptocurrencies have profited from them one way or the other. Besides that, there are several ways to profit from this market. What makes it even more interesting is the fact that you can generate passive income through most of these ways. For example, you can buy a mining rig and start mining Bitcoin, Ethereum, Dogecoin, or tens of other minable cryptos. Moreover, you can stake your crypto holdings and receive staking rewards on a daily, weekly, monthly, or annual basis. Plutus, however, had a more creative approach to crypto rewards. This crypto project rewards its customers with Pluton (PLU) for each cent they spend shopping. Let us show you what this crypto project is all about.
What is Pluton (PLU)?
Basically, Pluton is the native token of the Plutus platform. This token’s ticker is PLU and its main utility is being distributed as rewards. Moreover, it is an ERC-20 token that operates on the Ethereum blockchain and it was the first-ever crypto reward token conceptualized in 2016 (Whitepaper). Let us take a look at how Plutus works and how you can profit from it. First, you will need to open an account on the Plutus platform. To finish this process, you will first need to download their mobile app from Google Play or App Store.
The Plutus Card
The main product of Plutus is their Visa Debit Card which you can order from their website for free. This card works similar to any other card, however, at the time of writing, it only supports EUR and GBP in the UK and Europe (EEA regions). As you use this card, you will get rewarded with PLU, which you can later swap to ETH. So you are essentially mining ETH by spending GBP/EUR for groceries. These rewards in PLU will be sent to your personal wallet attached to your card, meaning that you will have first-hand access to them. Since the Plutus card is non-custodial, you can spend your crypto anywhere, without giving up your private keys. This is something quite astonishing when you think about how credit/debit cards work.
The most interesting part are the perks of staking PLU. At the time of writing, Plutus has a partnership with Netflix, Spotify, Apple One, Disney+, Amazon Prime, Apple Store, Asos, eBay, Uber Eats, Starbucks, Uber, Shell, Booking, Airbnb, and several other companies. Imagine staking your crypto, earning rewards, and earning a free Netflix, Spotify, and Disney+ subscription. This is literally the meaning of earning as you spend. Those maximizing their monthly spend with higher reward rates and perks can earn up to £/€750.00 per month in crypto rewards.
Plutus Reward System
The Plutus Reward System is based on their Visa debit card. As this project promotes cashback, you will get rewarded based on how much you spend. The minimum rewards you can get are 3% in the form of PLU tokens. Moreover, you can stake your rewards to earn even more. The more you stake, the more the reward percentage increases, and it can go up to 8%.
| Level | PLU Staked | Perks | Bonus | Reward Rate |
|---|---|---|---|---|
| Hero | 250 PLU | 4 Perks | Non-Fungible Token | 4% Rewards |
| Veteran | 500 PLU | 5 Perks | Non-Fungible Token | 5% Rewards |
| Legend | 1,000 PLU | 6 Perks | Non-Fungible Token | 6% Rewards |
| G.O.A.T. | 2,000 PLU | 8 Perks | Non-Fungible Token | 8% Rewards |
Plutus Payment Plans
Now, let us move to payment plans. We must mention that the staking level figures replace subscription figures. This means that they are not connected with one another and anyone can benefit from staking level rewards no matter their subscription. There are three payment plans:
| Starter | Everyday | Premium |
| €0.00/month | €4.99/month | €14.99/month |
| Up to €250/month | €2,000/month | €22,500/month |
| 1 Perk | 2 Perks | 3 Perks |
| 1% fee on Plutus DEX | 0% fee on Plutus DEX | 0% fee on Plutus DEX |
PLU Token Price
According to CoinMarketCap, Pluton made its debut back in 2016 with a price of $3. Moving on, PLU hit an all-time high of $32.76 back on the 6th of January 2018. Pluton hit its yearly high for 2022 on the 25th of January when it reached a trading value of $22.54. At the time of writing, Pluton has a trading value of $7.35 and a market capitalization of $13.49 million.
Pluton has a total supply of 20 million, with only 1.85 million in circulation as of right now. The more people receive rewards for using the Plutus Visa debit card, the more PLU enters the market. You can purchase PLU in several cryptocurrency exchanges. Some of them are KuCoin, AscendEX (formerly known as BitMax), Bitfinex, Hoo, Coinbase Exchange, and Huobi Global. Since PLU is an ERC-20 token, you can also find it in the Uniswap DEX. To wrap it up, Pluton has a 24-hour trading volume of $728,000.
To get in direct contact with the project’s team, join their Discord channel. This channel can be found here: https://discord.gg/cmQkkqEzFN
Takeaways
- Plutus is a platform that provides two main products: the Plutus DEX, and the Plutus Visa debit card.
- The Plutus Visa debit card serves as a common debit card. However, this card supports crypto and even rewards you with crypto anytime you buy something using it.
- Pluton (PLU) is the token in which the rewards are distributed. This token is an ERC-20 token operating on Ethereum.
- The reward system of Plutus differs from subscription plans to staking levels. The more expensive the subscription plan, the more rewards you get; and the higher the staking level, the more rewards you get.
- All in all, investing in Pluton (PLU) might prove to be a good investment. Moreover, using their main product, the Plutus Visa debit card, might be even more profitable.