Hi everyone! Apologies that the team haven't been quite so engaged on this thread but now we're committed to changing this.
Here's a quick update:
What is Plutus?Plutus consists of two interconnected applications:
Plutus Tap & Pay is an Android and iOS app for paying with Bitcoin & Ethereum at any contactless-enabled debit card terminal already in use today. Additionally, every deposit you make rewards you in Pluton, a loyalty rebate token which can then be used to make further purchases without fees.
The PlutusDEX is a one-way peer-to-peer exchange (smart contract) that provides liquidity for the Tap & Pay app. The way this works is that PlutusDEX traders can escrow fiat currency such as GBP or EUR to purchase Bitcoin and Ethereum from the users of Tap & Pay mentioned above.
Our favorite aspect, however, is that the Bitcoin and Ethereum can be bought by other users with zero fees through the PlutusDEX. Our person-to-person system makes it much easier to add new currencies (both fiat and digital) depending on demand, and a 0% fee trading experience encourages exchanges and blockchain enterprises to use our API as well.
Why chose Plutus vs other competitors?Our main difference from competitors is that we don’t store your cryptocurrency whilst we provide a decentralised platform.
We have one of the best incentives to use our service, where you will receive a Pluton Rebate of up to 3% for each deposit you make.
When will Plutus end the beta, and launch to the public?We don't have a precise date on when we will fully launch, we are currently working on integrating our banking API into the application and PlutusDEX.
At this time the expected launch is December 2018-April 2019.
Where can I use Plutus for shopping?At any store or point-of-sale which supports regular debit cards and/or contactless payments. In many countries, these are practically everywhere.
Keep up to date with Plutus:Our official Telegram channel -
https://t.me/plutus_groupOur official blog -
https://medium.com/@PlutusITOur website -
https://plutus.it/You can access our full FAQ here -
https://support.plutus.it/Any queries regarding user support should be sent to
support@plutus.itEach week we'll be posting an update on our blog which will be summarised here.
This weeks update includes:
Another look at our recently launched
bounty program:
Our bounty program is running full force ahead, and we have already received the first security reports from our community. When they arrived, our dev team was already on the spot to investigate and resolve them as soon as possible.
Security is of paramount importance, which means that we will investigate all reported bugs and potential breaches. If you would like to join our bounty program and earn up to $500 in PLU for every actionable exploit, please visit us at:
https://plutus.it/bountyNational Press Coverage:Our bounty program and crypto jackpot generated great media coverage, please see the links to the articles below. We see this as a strong move towards spreading the word of Plutus globally, while only being a smaller part of our overall marketing and outreach strategy. These steps form the foundation that will let us reach a wide audience when we go live.
The Plutus UK influencer program put together by our Marketing team has already caught the first influencers, and brought them on board the Plutus train.
Development Updates:
It’s been another busy week in development. Here’s the latest in Plutus tech:
-We have finished testing our new flow related to payouts and virtual bank accounts in a sandbox environment
-We have developed several new screens related to the flow mentioned above, on Android and iOS.
-Next week, we will be able to initiate production environment testing of these new features. This means that they will be live for internal team testing for the first time.
If you want to read our update in more detail visit our blog at
https://medium.com/@PlutusIT