Plutus Article @Icobird

Article about Plutus.it
To the Plutus community

Plutus - The crypto/fiat killer app, better than a Bank


Why I’m bullish on this project, on this team, on this token, and I think is one of the best crypto investments of all time!


Plutus.it is a crypto-friendly finance app available 24/7 on desktop/laptop and mobile that allows users to manage both fiat and crypto from the same user interface without handling any of the users’ crypto-assets (‘Not your keys, not your coins’).
Plutus offer a bank account with a debit card and a P2P (Peer-to-peer) exchange (DEX). Every time a Premium/Pro user spend from the card, they earn up to 3% in rewards back in Pluton (PLU) - The first  decentralized loyalty token with a total supply of 20 million.
The reward system resets everyday and has a scale equal to the fiat equivalent of 30 to 150 BTC as per the daily volume of the DEX (BTC/ETH/PLU to Euros/Pounds), with a transaction (card spending) in the first 20% volume (30 BTC) getting a 3% reward and with each 0.1 increase in volume resulting in a 0.0165 % decrease in rewards till 150 BTC where further rewards are set at 1%.
On the top of this crypto back and just by staking some PLU, the  Premium/Pro users can at the same time win cash back from companies like Amazon; Nike; Airbnb; Radisson and many others.
If you spend from the card +- 170 Euros/Pounds per month, you pay your monthly fee only with the crypto back and after that, more crypto back and all the cash back becomes savings that you can spend or use as an investment. First, the more PLU you stake (From 1 to 5000) the more cash back you receive; Second, PLU value is specially attached (besides other different factors) to the growth of the user base of Plutus. Very very promising - Let’s check the facts:
Plutus made a ’’flash’’ Ico in 2016 and sold 850.000 PLU for 1 million dollars (ICO price of 1 PLU = 0.00177136 BTC or 0.09472537 ETH) and the remaining 19.150.000 PLU were all locked in a Ethereum smart contract for the crypto back rewards.
The project took a long time to come to life but crypto rewards were launched in Q1 2020, cash back will follow in April and this is just the beginning of all the possibilities …
Plutus operates in the EU and the United Kingdom and will expand in the future to other countries.
The crypto rewards (as I explained when commenting on the rewards system) will go from 3% to 1% because the volume of the DEX will increase with more and more users making PLU more and more valuable.
Plutus has the goal to have by the end of 2020 a minimum of 100.000 customers what for such a product is a low estimate, but lets do some simple math using this amount of users: You get up to 3% crypto back for any purchase you make with your card but to receive cash back you need to stake 1 or 100 / 500 / 2000 / 5000 PLU and, the most you stake more cash back you receive. If from 100.000 people only 10.000 will want to have the first level of 100 PLU, we will have already 1 million PLU… So far there is only 850.000 in circulation and can take a century for the 20 million to be rewarded. Imagine how much the price of PLU can grow with 500 thousand users, 1 million and behind, with all the customers trying to get at least 100 PLU to get cash back, with a total supply of 20 million (similar to BTC) and with rewards counted according with the value of BTC decreasing to 1% with the growing user base. There is a total supply of 21 million BTC and 20 million PLU - 1 PLU has a first target of more than 1% of the value of 1 BTC !!!
With time and more customers, with PLU in more and more exchanges for the fairest price, with the beginning of the Marketing campaign, used as collateral and other different DeFi applications - The moon or maybe Pluton :) is the limit. Think…
Besides all this, is a good investment to hedge crypto in general (including BTC) because the lowest BTC price is, less PLU are emitted and more value they have…

Make your own research and look at all the goals of the project in a way that you will be able to see the possibilities…Imagine when they will have a bank license!

Finishing with some words of the CEO of Plutus:
 ‘’Now that we have achieved a working product, a core focus for the team is to further enhance the token utility and use cases for Pluton. It was not designed with the intention of bringing financial gains, however, it was formulated with a deflationary model, meaning as our user base and transaction volume increases on the PlutusDEX, the amount emitted through the reward pool to customers is proportionately reduced.
To simplify even further, more users results in a lower supply rate, keeping the circulating amount scarce and the demand high. The purpose of this design is to bring value to our members who earn PLU via the rewards system and convert them into fiat for in-store or online purchases.’’

Kudos to the all team!


Legal disclaimer: I am not a financial advisor and this is not a financial advice! Please make your own research - This is simply an opinion about Plutus.it and the value of the PLU token.
The author owns PLU tokens and contributed in 2016 Plutus Ico to support the development of the project.

t we have achieved a working product, a core focus for the team is to further enhance the token utility and use cases for Pluton. It was not designed with the intention of bringing financial gains, however, it was formulated with a deflationary model, meaning as our user base and transaction volume increases on the PlutusDEX, the amount emitted through the reward pool to customers is proportionately reduced.
To simplify even further, more users results in a lower supply rate, keeping the circulating amount scarce and the demand high. The purpose of this design is to bring value to our members who earn PLU via the rewards system and convert them into fiat for in-store or online purchases.’’

Kudos to the all team!


Legal disclaimer: I am not a financial advisor and this is not a financial advice! Please make your own research - This is simply an opinion about Plutus.it and the value of the PLU token.