tobeaj2mer01
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Activity: 1098
Merit: 1000
Angel investor.
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May 18, 2017, 06:11:42 AM |
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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). Total market cap of Plutus is only 1600+ BTC....
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Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
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FandangledGizmo
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Activity: 1138
Merit: 1001
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May 18, 2017, 10:26:09 PM Last edit: May 18, 2017, 10:47:13 PM by FandangledGizmo |
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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. The bigger the userbase using their cards the more PLU will be given away. If you had a PLU debit card would you use PLU or would you use BTC and get up to 3% back in free PLU instead and sell the free PLU? (Unless the PLU funded transaction cost is 3% cheaper than using BTC on PLU. But if the BTC transaction cost is 3%+ then wouldn't customers rather use TKN/Other card that only has a 1% additional transaction fee?) Every alt that has given away their tokens in an attempt to bootstrap have seen losses of up to 95%+ of the share price during the actual process. Stellar/Lumens halted their losses by dropping their give away from $10 to each new user to under $0.5 very rapidly and then they also changed it to an invite only process, with a discretionary geographic + demographic combo, that made it hard to track where the new STR were going. (I personally think they stopped giving much away at that point once they saw the effect.) On Aug 11th 2014 before the give away started really kicking in, STR were $0.006 each, it's taken them nearly 3 years to reach/pass that value again which they did 3 weeks ago and that was due to XRP rise. The problem with PLU is you will be giving away in perpetuity. Having said that when PLU releases it will probably pump so there's a trade there, but as soon as it kicks in, and customers get PLU this will drop like a stone.
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Geenstijl
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Activity: 1232
Merit: 1000
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May 21, 2017, 01:16:36 PM |
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Very promising:
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heikemo
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Activity: 14
Merit: 0
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May 21, 2017, 07:57:12 PM |
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Is the team working to add this to other exchanges like bittrex or poloniex?
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Geenstijl
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Activity: 1232
Merit: 1000
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May 21, 2017, 08:12:41 PM |
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Is the team working to add this to other exchanges like bittrex or poloniex?
Probably after they launch this summer. But liqui.io is getting a lot more users lately. It's a reliable exchange.
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heikemo
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Activity: 14
Merit: 0
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May 21, 2017, 09:05:57 PM |
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Nice. It cant compare to those two though.
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kellendil
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May 21, 2017, 10:38:56 PM |
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Is the team working to add this to other exchanges like bittrex or poloniex?
Probably after they launch this summer. But liqui.io is getting a lot more users lately. It's a reliable exchange. liqui is not a reliable exchange and you know that.
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Geenstijl
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Activity: 1232
Merit: 1000
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May 22, 2017, 05:01:42 AM |
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Is the team working to add this to other exchanges like bittrex or poloniex?
Probably after they launch this summer. But liqui.io is getting a lot more users lately. It's a reliable exchange. liqui is not a reliable exchange and you know that. Why not? They only list decent coins and the owners of the exchange have made their identity public. They were the first to trade IOU tokens and that's what made them popular. They have always given traders the tokens they owed for IOU. I got no problem with liqui.
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kellendil
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May 22, 2017, 09:16:45 AM |
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Is the team working to add this to other exchanges like bittrex or poloniex?
Probably after they launch this summer. But liqui.io is getting a lot more users lately. It's a reliable exchange. liqui is not a reliable exchange and you know that. Why not? They only list decent coins and the owners of the exchange have made their identity public. They were the first to trade IOU tokens and that's what made them popular. They have always given traders the tokens they owed for IOU. I got no problem with liqui. Trading IOU tokens is the problem. You can never be sure if they will give you the real coins after that.
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ahoenk
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May 22, 2017, 09:26:46 AM |
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old coin will be use smart contract on eth ? i see so many swaped coin
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Geenstijl
Legendary
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Activity: 1232
Merit: 1000
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May 22, 2017, 01:17:46 PM |
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Is the team working to add this to other exchanges like bittrex or poloniex?
Probably after they launch this summer. But liqui.io is getting a lot more users lately. It's a reliable exchange. liqui is not a reliable exchange and you know that. Why not? They only list decent coins and the owners of the exchange have made their identity public. They were the first to trade IOU tokens and that's what made them popular. They have always given traders the tokens they owed for IOU. I got no problem with liqui. Trading IOU tokens is the problem. You can never be sure if they will give you the real coins after that. Plutons are not IOU. crowdsale ended last year. We are approaching launch of the platform. In the past liqui has traded IOU and they always delivered. The subscribe for the ICOs themselves.
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nexus20001
Full Member
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Activity: 171
Merit: 100
🌟 COMSA ICO: 10/02/17 🌟
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May 22, 2017, 01:29:33 PM |
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cryptodv
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May 22, 2017, 01:41:53 PM |
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How are things going with this project? Been such a long time. I had forgotten that I joined the ICO.
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heikemo
Newbie
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Activity: 14
Merit: 0
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May 22, 2017, 07:27:46 PM |
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Got an e-mail from the team that they are looking into getting PLU added to more exchanges when they release the DEX.
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siaynoq
Member
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Activity: 124
Merit: 10
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May 22, 2017, 09:36:33 PM |
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I'm very concerned with the dump today, strange the price, but in transactions you can see someone is dumping huge amounts for dirt cheap.
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siaynoq
Member
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Activity: 124
Merit: 10
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May 22, 2017, 10:49:32 PM |
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I'm very concerned with the dump today, strange the price, but in transactions you can see someone is dumping huge amounts for dirt cheap.
Super strange. It's gone. I swear on all that is holy that there was a transaction listed for 3147 PLU @.000647 for .11BTC, or something close that. Now it's gone. This crypto space is nuts.
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Geenstijl
Legendary
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Activity: 1232
Merit: 1000
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May 23, 2017, 06:08:44 AM |
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I'm very concerned with the dump today, strange the price, but in transactions you can see someone is dumping huge amounts for dirt cheap.
Whales buying and selling their own coin to create volume and attention. Happens on polo all the time. At some volume they have 0% trading fees. Dunno if it's the same case at liqui. Fact is that all quality ETH have risen big time in the past month, whereas Pluton remained kind of unnoticed. But, unlike most other assets, PLU is actually launching soon.
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Digicoiner
Sr. Member
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Activity: 310
Merit: 250
In Crypto I trust.
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May 23, 2017, 05:15:59 PM |
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The price has jumped massively recently. Anyone know why? I don't seen any news or new developments with Plutus other than a mention in Financial IT magazine.
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CoinManiac1
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May 23, 2017, 05:20:41 PM |
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The price has jumped massively recently. Anyone know why? I don't seen any news or new developments with Plutus other than a mention in Financial IT magazine.
DEX is planned for a summer release... This is the main part of Plutus
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PS1987
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May 23, 2017, 08:34:49 PM |
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Finally this coin is waking up, lets hope the release will be soon. How long does it take to send the pluton tokens from the ico site to myetherwallet? I confirmed my walletadress 2 days ago, but my tokens are still on the site
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