Pluton (PLU) is a cryptocurrency and the native reward token of the Plutus financial ecosystem. It operates on the Ethereum network and is earned by users as a reward for utilizing the Plutus Card by spending online or in physical stores. The token is automatically distributed to customers, serving as a tangible symbol of their engagement with the platform. Pluton has a finite supply of 20 million coins, which can be used for fee-less transactions and offers generous rewards to users.
Pluton (PLU) is the native cryptocurrency of the Plutus project, a financial app that combines traditional and crypto finance. The token is used within the Plutus app, allowing users to earn rewards and unlock various benefits. Here are the key ways Pluton is used:
Reward Token: Pluton is earned through Crypto Rewards and Perk Rewards on transactions made using the Plutus Visa Debit Card. Users can earn up to 9% in crypto rewards on every purchase, which can be redeemed within the app.
In-App Benefits: The more PLU tokens a user owns, the more benefits they unlock. These benefits include access to perks, increased rewards, and the ability to swap PLU for fiat currency to spend on the debit card.
Stacking Levels: Users can unlock different stacking levels by owning a certain amount of PLU. Each level offers additional benefits, such as increased rewards and perks.
Digital Currency Management: The Plutus app allows users to manage their digital currencies, including swapping assets using a built-in DEX.
Zero Fees and Instant Conversions: Pluton can be used to charge contactless balances with zero fees and instant conversions, similar to Bitcoin.
Overall, Pluton is designed to incentivize users to adopt cryptocurrency and blockchain technology by offering rewards and benefits within the Plutus ecosystem.
To store Pluton (PLU) tokens, you have several options:
KuCoin Account: You can hold your PLU tokens in your KuCoin account, which provides quick access to trading products and other services. This option is convenient but means KuCoin serves as the custodian of your assets, so you should ensure strong password and security settings.
Non-Custodial Wallets: For greater control and security, you can withdraw your PLU tokens to a non-custodial wallet. This includes hardware wallets, Web3 wallets, or paper wallets. This option gives you complete control over your private keys but may be less convenient for frequent trading.
Noone Wallet: Noone Wallet is a free, user-friendly option available for Web, Android, and iOS. It allows you to create a PLU wallet, send, receive, and exchange PLU tokens. This wallet is non-custodial, meaning you have full control over your private keys and can manage your PLU securely.
MetaMask Wallet: You can also use MetaMask, a popular Web3 wallet, to store your PLU tokens. This wallet can be linked to your Plutus account, allowing you to manage your rewards and benefits.
Hardware Wallets: For added security, you can use hardware wallets like Ledger, which can be connected to your Plutus account and other wallets.
Regardless of the storage method you choose, it is essential to follow best practices for securing your private keys and wallet to protect your PLU tokens from unauthorized access or loss.
To buy Pluton (PLU) tokens, follow these steps:
Choose a Reliable Exchange: Select a trustworthy centralized exchange like KuCoin, HTX, or AscendEX, which supports the trading of Pluton (PLU).
Create an Account: Register on the chosen exchange by providing necessary information such as email address, mobile phone number, and country of residence. Ensure a strong password for security.
Deposit Funds: Make a deposit using a debit card, credit card, wire transfer, or Bitcoin (BTC). This will allow you to purchase PLU tokens.
- Buy Pluton (PLU): Use your deposited funds to buy PLU tokens. You can also convert other cryptocurrencies to PLU if available on the exchange.
Additionally, you can use decentralized exchanges (DEXs) like 1inch, which support the Ethereum blockchain, to buy PLU tokens. For this, you will need to connect your crypto wallet to the DEX and use your Ethereum (ETH) as the base currency.
Remember to always follow security guidelines and be cautious of scams when dealing with cryptocurrency transactions.
