[ANN] Plutus [PLU] — Earn 3% Back in Crypto on Every Debit Card Payment

[FandangledGizmo]

Token card promises basically the same as Pluton. People are really blind investing in TKN, while PLU is on these price levels. Pluton will definitely perform much better.

yup, we're at like 2.4m market cap at pluton, with all the features of token card basically but also we're not limited to eth tokens, with touchless payments, and with a decentralized exchange on back end.

Based on total supply PLU has a market cap of over $56 million and TKN has a market cap of $60 million at current prices.

For Shareholders the appeal of TKN is...

Whenever a TokenCard is swiped, the transaction incurs a 1% licensing fee which accrues to the TKN Asset Contract...TKN holders effectively have a passive stake in the growing economy of tokens

How do PLU holders generate a return? From the op I see...

As a user, you will automatically be rewarded with a 3%* rebate in Plutons for every Bitcoin deposit you make towards a purchase.

Looks like TKN holders indirectly make $0.01 from every dollar spent while you will be giving away $0.03?

(How much will you have to charge to cover that bonus and provide a return or is it a marketing strategy where you will be losing money for X months/years to attract customers?)

Wrong. very very wrong. https://getplutons.plutus.it/longevity-calculator

There are only 850,000 plutons out in circulation now. It might take hundreds of years for it to reach 20,000,000  - emission rate is incredibly slow. I just saw it was fixed on http://coinmarketcap.com/assets/pluton/

Market cap is only 2,402,007

Thanks for the link. I see now you are right, the majority of the remaining supply can not be bought onto market easily.

However it still seems that Plutons are a rebate system, the more people that deposit BTC into the DEX the more Plutons are given away up to a maximum.

So it still seems like TKN holders indirectly get $0.01 per transaction while you give away up to $0.03 of PLU per $1 of BTC transacted?    

[scaryvirus]

The value of plu is decided by the market so hard to put $ value on it as a seemless easy to use alternative to external to eth tokens. More transactions result in more plu release but also more demand for plu. Also you pay for plu when you spend real money so it's partially tied to the money spent. e.g. spend 1 btc, get 0.03 plu, so plu ~ 0.03-1 btc while priced at 0.0016

[bobo012]

It's been a long wait and little news.
Meanwhile price is declining

[vatived22]

I really wish Pluton all the best. certainly one of the projects wort watching and looking out for. I hope you guys meet your target.

[scaryvirus]

It's been a long wait and little news.
Meanwhile price is declining

News like this? https://medium.com/@PlutusIT/plutusdex-and-development-updates-8c92a069c55e

and more https://medium.com/@PlutusIT

[FandangledGizmo]

The value of plu is decided by the market so hard to put $ value on it as a seemless easy to use alternative to external to eth tokens. More transactions result in more plu release but also more demand for plu. Also you pay for plu when you spend real money so it's partially tied to the money spent. e.g. spend 1 btc, get 0.03 plu, so plu ~ 0.03-1 btc while priced at 0.0016

Who will actually earn the fees charged for BTC/Non-PLU transactions?

Worst case scenario - the guys behind this have a separate company that will actually earn money from BTC/Non-PLU transactions and they've just created PLU to fund development and a free $0.03 per dollar customer rebate, while they pocket the $0.02-0.04 per dollar in BTC/Non-PLU transaction fees and get rich. So you (PLU) pay for development and the customer bonus and they get all the profit.

Your only hope is that people will adopt PLU even though it has no revenue share and there is constant sell pressure from BTC/other customers claiming their PLU rebate.   The key appeal of PLU seems that it has no/low fees compared to BTC/Other tokens however that means the fees you charge BTC/Non_PLU users have to be well in excess of 3% otherwise it makes sense to pay in BTC and get free PLU instead of using PLU but if the BTC/non-PLU transaction fees are that high (3%+) well then customers would rather use TKN (1%)

[tobeaj2mer01]

Good interview:
https://blog.status.im/ethereum-dapp-creators-10-plutus-2c08689afdcc

[john312]

Is the token ERC20 compatible and can it be included in Ethereum's Bancor protocol type of tokens?

[cryptodv]

Good interview:
https://blog.status.im/ethereum-dapp-creators-10-plutus-2c08689afdcc

This is a great read. People really forgot about this coin as it's only traded on liqui.io. But Pluton will be the platform that takes ETH into the world of real daily payments. YUGE!

I guess, it's been such a long time I've heard anything from this project that I forgot I had joined the ICO. 

[Geenstijl]

Good interview:
https://blog.status.im/ethereum-dapp-creators-10-plutus-2c08689afdcc

This is a great read. People really forgot about this coin as it's only traded on liqui.io. But Pluton will be the platform that takes ETH into the world of real daily payments. YUGE!

I guess, it's been such a long time I've heard anything from this project that I forgot I had joined the ICO. 

Yes people forgot about it. But the price never really dropped. That's a good sign. Launch is gonna be soon.

[DreamSpace]

Yes it's true, really forgot this one, what can we expect with start (features etc.) and when is the planned start?

[FandangledGizmo]

The value of plu is decided by the market so hard to put $ value on it as a seemless easy to use alternative to external to eth tokens. More transactions result in more plu release but also more demand for plu. Also you pay for plu when you spend real money so it's partially tied to the money spent. e.g. spend 1 btc, get 0.03 plu, so plu ~ 0.03-1 btc while priced at 0.0016

Who will actually earn the fees charged for BTC/Non-PLU transactions?

Worst case scenario - the guys behind this have a separate company that will actually earn money from BTC/Non-PLU transactions and they've just created PLU to fund development and a free $0.03 per dollar customer rebate, while they pocket the $0.02-0.04 per dollar in BTC/Non-PLU transaction fees and get rich. So you (PLU) pay for development and the customer bonus and they get all the profit.

Your only hope is that people will adopt PLU even though it has no revenue share and there is constant sell pressure from BTC/other customers claiming their PLU rebate.   The key appeal of PLU seems that it has no/low fees compared to BTC/Other tokens however that means the fees you charge BTC/Non_PLU users have to be well in excess of 3% otherwise it makes sense to pay in BTC and get free PLU instead of using PLU but if the BTC/non-PLU transaction fees are that high (3%+) well then customers would rather use TKN (1%)

Anyone have an answer for this?

It looks like when someone swipes say $1k on this card funded with BTC/other, the owners have a separate company & will make the $10-$40 in transaction fees, while the customer gets up to $30 free PLU he can dump on you suckers?

[Doulon]

Is it possible to buy Plutons anywhere or do we have to wait till the PlutusDEX Banking and Trading feature is ready?

[Geenstijl]

Is it possible to buy Plutons anywhere or do we have to wait till the PlutusDEX Banking and Trading feature is ready?

Until launch plutons will probably only be sold on liqui.io.

There is not much liquidity. I've been buying in at 10k-15k satoshis but took me 3 months to get 2.5 btc worth of plutons. Only die hard bagholders a left in this coin. Developments have taken over a year so far.

[Geenstijl]

The value of plu is decided by the market so hard to put $ value on it as a seemless easy to use alternative to external to eth tokens. More transactions result in more plu release but also more demand for plu. Also you pay for plu when you spend real money so it's partially tied to the money spent. e.g. spend 1 btc, get 0.03 plu, so plu ~ 0.03-1 btc while priced at 0.0016

Who will actually earn the fees charged for BTC/Non-PLU transactions?

Worst case scenario - the guys behind this have a separate company that will actually earn money from BTC/Non-PLU transactions and they've just created PLU to fund development and a free $0.03 per dollar customer rebate, while they pocket the $0.02-0.04 per dollar in BTC/Non-PLU transaction fees and get rich. So you (PLU) pay for development and the customer bonus and they get all the profit.

Your only hope is that people will adopt PLU even though it has no revenue share and there is constant sell pressure from BTC/other customers claiming their PLU rebate.   The key appeal of PLU seems that it has no/low fees compared to BTC/Other tokens however that means the fees you charge BTC/Non_PLU users have to be well in excess of 3% otherwise it makes sense to pay in BTC and get free PLU instead of using PLU but if the BTC/non-PLU transaction fees are that high (3%+) well then customers would rather use TKN (1%)

Anyone have an answer for this?

It looks like when someone swipes say $1k on this card funded with BTC/other, the owners have a separate company & will make the $10-$40 in transaction fees, while the customer gets up to $30 free PLU he can dump on you suckers?

Lumen gives away 50% of their premine to XRP and BTC holders. None gives a shit on how the tokens are going to make money.

Fact is that if Pluton creates the application that they promised. They could reach an enormous userbase that would increase the demand for plutons.

[DutchCoiner]

When will it be available on more exchanges?

[lfwjaw]

And here I thought Pluton is dead...

[Mihawk]

And here I thought Pluton is dead...

And I thought it was a dog name! These projects are strange!

[kellendil]

The mobile app will be great and if it works for ios that would be even better

[Geenstijl]

Plutus.it is #36 of Financial IT Magazine's PathFinder FinTech Top 50!

https://financialit.net/pdf/view/17419

This is a hidden gem! Last month volume has significantly increased. Some people are loading up (including me).