The working proof of concept of our contactless payments app was straightforward for the Plutus team, but in order to provide an autonomous peer-to-peer payments system that can scale worldwide - we need you to get involved. The proceeds of this sale will enable us to finance continued development of the network infrastructure and testing the reliability of the Plutus payment system, the results of which will be freely accessible to everyone in the Bitcoin ecosystem.
In the Plutus app, Plutons are prioritised within the platform and can be used to pay for goods and services in the same way as bitcoins. This means you can instantly convert them to tap & pay at any NFC terminal of your choice.
From a technical perspective, Plutons are digital tokens issued to users on the Ethereum blockchain. They can be distantly compared with cash back points or frequent flier miles. As a user, you will automatically be rewarded with a rebate in Plutons for every Bitcoin deposit you make towards a purchase. Every time you shop, you earn Plutons.
You receive a 3%* rebate in Plutons for every conversion you make.
Conversions to fiat are FREE when topping up your contactless balance with Plutons.
Plutons have the advantage of instant transactions on deposits.
You convert 1 BTC to shop with the Plutus app
Unlike Bitcoin, deposits with Plutons are free.
Earned Plutons can be sent to friends within the app, or redeemed on the PlutusDEX in return for balance towards your next purchase. The decentralised nature of Pluton means that custom use-cases can be developed.
We want to automate our business processes and exchange system in a transparent and immutable manner. As a result, to be able to cut costs and to pass these savings on to our users. BLOG
Pluton issuance is permanently limited to rebates via the PlutusDEX - there will only be a total of 20 million Plutons ever created. The vast majority of these will be locked and allocated for the rebate system smart contract pool and NOT owned by Plutus.it.
The funds raised will only be withdrawn by Plutus.it once the development team has reached key self-imposed milestones, until which time the funds will remain governed by Ethereum and Bitcoin multi signature account provided by BitGo.
The funds raised in this sale will be used for the development of a fully scalable and decentralised exchange network, as well as minimal necessary compliance and operational structure.
With a combined experience of over forty years in payments, financial trade and software development, we are more than well prepared to reach our milestones and deliver a production-ready platform.
Our mutual goal is to position Plutus as the go-to contactless payment system for everyday purchases using digital currencies, as well as an excellent and secure way for traders to buy Bitcoins from their peers.