### What is Pluton?

Pluton (PLU) is the native reward token of the Plutus financial ecosystem, designed to integrate web3 technologies into daily transactions. It is a decentralised ERC20 token on the Ethereum blockchain, serving as a reward mechanism for transactions made with the Plutus Visa debit card.

### How does Pluton work?

Pluton is hosted on the Ethereum blockchain and functions as an ERC20 token. It utilises smart contracts to ensure secure and automated transactions without intermediaries. PLU can be used to unlock perks and increase reward rates and can be converted to fiat currency. Users earn Pluton through transactions made with the Plutus Visa debit card.

### What are the potential use cases for Pluton?

Potential use cases for Pluton include:

- **Decentralised loyalty rewards:** Earned on Plutus Debit Card transactions and redeemable for fiat currency, gift cards, and exclusive items.
- **Travel discounts:** Swap PLU for Air Miles and receive cash back on travel bookings.
- **Gift cards and discounts:** Purchase at discounted rates and receive specific vendor perks.
- **Financial services:** Cover subscription fees for Plutus accounts and convert crypto assets into a prepaid debit balance.

Pluton supports retail, travel, and finance industries and involves notable partnerships for Air Miles redemption and retail discounts.

### What is the history of Pluton?

Pluton was founded by Danial Daychopan in December 2015, with co-founder Jasper Tay. Initially conceived to address the lack of real-world utility for cryptocurrencies, Plutus adopted ERC20 technology in 2015 after discussions with the Ethereum team. Pluton was launched in 2016 as a decentralised loyalty rewards token. Over the years, Plutus has developed features like PlutusDEX, a decentralised exchange, and introduced a loyalty-driven debit card. As of now, it serves over 125,000 customers, with a significant market presence and a total reward value crossing £50 million.

Pluton

Deposits are not currently available for this coin.

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