Plutus

About the company

Plutus is a next generation finance app. Founded in 2015 by serial entrepreneur, Danial Daychopan, Plutus is now used by thousands across Europe and our team of highly skilled professionals are continuing to rapidly grow the product.

Reward Scheme

The Plutus Perks Programme provides our Premium & Pro members additional benefits on top of the existing 3% crypto reward.

Including Airbnb, Skyscanner, Agoda, Nike, Amazon, Logitech, lenovo...

CARD

a non-custodial ETH wallet, cashback rewards, Plutus Perks, and potentially-zero fees on exchanges between cryptocurrency and the cryptocurrency debit card.

There are five levels for you to unlock, each with increasingly higher staking requirements, but increasingly more attractive retail brands and deeper discounts.

Level 1

1 PLU unlocks 4% at GANT

50 PLU unlocks 5% at Ralph Lauren

50 PLU unlocks 4% at Nike

Nike is a Level 1 Perk locked behind a staking requirement of 50 PLU. If a user stakes 50 PLU, they are then eligible for an additional 4% in fiat cashback to their account balance, on top of the standard 3% Pluton Reward, for any purchases at Nike - bringing the total reward earnings up to 7%. The additional reward varies from Perk to Perk.

Level 2 — Goods & Entertainment (100 PLU)

If you meet the PLU staking requirements that are in brackets, then you will immediately have access to view or unlock brands in the Goods & Entertainment category.

Various Categories: 6.15% (GBP/EUR)

Earn huge savings across thousands of tech products. This is one of our greatest savers that totals 9.15% in rewards once the usual 3% Pluton Reward is applied.

Various Categories: 2.3% (GBP/EUR)

Additional cash reward of as high as 2.3% across most product types. Varies by geographical location.

Level 3—Travel & Tourism (500 PLU)

Due to the worldwide health crisis and restrictions to the hospitality industry as a whole, this Level and all its contained Perks are currently unavailable. Once live, and if you meet the PLU staking requirements, then you will immediately have access to them.

Level 4—Bonus Perks (2,000 PLU)

This Bonus Level doesn’t include any additional brands, but it does include numerous additional benefits that make it highly attractive. Unlike Levels 1-3, you must stake PLU continuously for 21-days in order to unlock the benefits of Level 4.

Pluton Rewards - Level 4 users will receive an additional 1% in cashback at all 60+ million merchants that the Visa Plutus Card is accepted at. The +1% comes on top of the usual 3% Pluton Reward bringing the total up to 4%.

Note: This 4% Pluton Reward comes on top of your Perk Reward, the percentage of which varies by brand.

Free Premium Account - Staking PLU continuously for 21-days will unlock one month of Plutus Premium which is typically priced at £/€9.99. At the end of the month, if you have been staking PLU continuously for 21-days prior, then the one month of free Premium will be renewed.

Level 5—Bonus Perks (4,000 PLU)

This Bonus Level works similarly to Level 4 and requires you to stake PLU continuously for 21-days in order to unlock the benefits.

Pluton Rewards - Level 5 users will receive an additional 2% in PLU rewards at all 60+ million merchants that the Visa Plutus Card is accepted at. The +2% comes on top of the usual 3% Pluton Reward bringing the total up to 5%.

Note: This 5% Pluton Reward comes on top of your Perk Reward, the percentage of which varies by brand.

Pluton Perks - Level 5 users will receive an additional 2% in fiat cashback on all previously unlocked Perks.

Note: This 5% Pluton Reward comes on top of your cashback Perk Reward, the percentage of which varies by brand.

Free Pro Account - Staking PLU continuously for 21-days will unlock one month of Plutus Pro which is typically priced at £/€16.99. The same calculation for eligibility from Level 4 applies here.

Bonus Buying PLU - Level 5 users can purchase PLU on the PlutusDEX and earn an additional 8% on top of it. The same rules that apply to Level 4 are applied here (i.e. bonus PLU is in Pending status for 45 days).

Example A user shopping at Nike via the Plutus Perks feature.

Plutus Perks (Full Brand Breakdown)

Plutus Perks is an additional money-saving feature that rewards holders of our native token, Pluton (PLU). To avoid confusion, there are currently two reward features available: The aim of Plutus Perks is to reward holders of PLU. The more PLU you stake, the more benefits you will unlock.

https://support.plutus.it/hc/en-us/articles/360016355857-Plutus-Perks-Full-Brand-Breakdown-

Value Proposition

#notyourkeysnotyourcrypto - Non custodial - Fiat-to-crypto peer2peer DEX

We’ve made it possible to link your personal cryptocurrency wallet to your Plutus Card without revealing your private keys.

This means you can convert your crypto assets to fund your Plutus Card without having to trust any centralised third party.

3% crypto reward on every purchase - no stake needed. The reward needs to be held + a membership fee is required

Good customer support.

Pros

Non-custodial cryptocurrency wallet

3% cashback on purchases made with the Plutus Card

Additional perks available to premium and pro members

Mobile app allows users to convert cryptocurrency onto the card in seconds

Free trading fees with membership

Downsides:

1.75% trading fees for start plan

Starters 1.75% fee on moving ETH onto the card if the user is not on the pro or premium plan. Perhaps more troubling, the ATM fees involved with the Plutus Visa card are a bit high compared with some of the other options on the market. On top of the base €1.35 fee for domestic withdrawals, there is also a 1% charge on the transaction’s total value. So, if you’re withdrawing €300, you’re looking at an additional €3 charge. + FEES for declines POS tx (0.15 €)

Not available in the United States, only EUROPE

Only works with ETH and PLU cryptocurrencies

Does not support native Bitcoin

Rewards program involves monthly fees

Relatively high ATM fees (5,50 and 3,50 for base and tier 1 users)

Cashback rewards denominated in proprietary token

Expensive Zero trading fee PLANS: Our Premium and Pro plans are temporarily only available via staking PLU

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Timing:

Currently, our affiliate partnered brands each have their own verification process before any fiat cashback can be awarded. The duration of this verification process varies greatly. Whilst PLU is paid out once the transaction is verified (typically within 3 days), the cashback from retailers can take several months to arrive.

Staking period:

Staking sufficient PLU will unlock Level 1-3 Perks immediately. As soon as you meet the staking threshold, you will automatically receive access to the Perks within your Perk Dashboard.

Levels 4-5 require staking of PLU continuously for 21 days. If your staking total drops below the threshold of a Level, the timer will be reset to 0. After 21 days, the Perks will become available within your Perks Dashboard. The 21-day timer starts as soon as you have sufficient PLU staked to meet the threshold.

-PLU Resources

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