Submitted by our community member and a Plutus fan: Vikki Zhang

Last week, I revealed our upcoming features on our short-term roadmap, as well as some additional new features we have created in conjunction with our retail partners:

Premium Account Services

PLU Dashboard (MVP)

Pluton (PLU) Rewards

Plutus Perks (MVP)

This blog will mostly elaborate on the first part of our above-mentioned list, the Premium Account Services. I have split the updates across several blogs so the community can easily digest the information.

Additional Upcoming Feature

Before breaking down last week’s update, I would like to unveil another exciting snippet of news arriving in March. Within the next couple of weeks, you will have access to the PlutusDEX, peer-to-peer exchange, on mobile.

The PlutusDEX will be enabled for both iOS and Android users to convert crypto and fiat on-the-go at a few clicks of the touchpad. Trading pairs supported on DEX (mobile) will be ETH/GBP, ETH/EUR, PLU/GBP and PLU/EUR with BTC enabled trading arriving in the near future.

After the update, you will have far more convenient opportunities to load your card balance whilst on the go, directly from your cryptocurrency wallet. The mobile experience will be similar to our easy-to-use web dashboard where a live weighted average is taken from across well-known exchanges to display a fair spot rate for both buyers and sellers.

Premium Account Services

Many of you have been asking for more details about the upcoming Plutus Account Tiers. Below is an outline of the tier structures for you to familiarise yourself with.

We have created three new account tiers to meet the various needs of our members. A Starter account for the casual consumer, Premium for our everyday users, and Pro for our high-stake members.

Plutus Tiers

Starter

We have kept the barrier to entry low to enable casual users to convert their crypto/fiat without a monthly commitment.

Our members will be able to convert ETH and GBP/EUR for a small fee of 1.75%, however, these fees can be completely skipped by using our native token PLU on the Starter’s account or by upgrading to a Premium account. All Pluton conversions will be free on our peer-to-peer platform, the PlutusDEX.

The crypto trading limits have been set towards the higher end; a combined total of €/£6,000 for both buy/sell sides in order to provide a better experience for users starting out with Plutus.

Premium

The Premium account is for our founding members, the long-standing supporters, as well as the every-day user. Members can enjoy far higher trading limits on the account making it suitable for the vast majority of the crypto community.

These members will also enjoy trading without any fees attached which has the potential to save members hundreds of Pounds or Euros. Premium members will also unlock the loyalty rewards programme to earn up to 3% in PLU at any merchant in the world.

On top of this, Premium members will have access to our Plutus Perks, the programme that gives members cashback on any purchases made with our selected retail partners. This unlocks an additional money-saving proposition for our Plutus Card holders.

We hope our non-crypto users are enticed by the opportunity, helping to expand their interest in the possibilities of cryptocurrencies. Our members on the Premium account can spend up to £15,000 on their card per month which, at the maximum 3% PLU emission rate, would net members 180 PLU (circa £/€450 at current exchange value).

Pro

Members of a higher-stake calibre can enjoy all the above features plus unrestricted limits. This includes unlimited crypto-fiat conversions without fees and up to £22,500 worth of spending a month which offers them the opportunity to earn hundreds of PLU at the current market and emission rate.

Plutus Perks

Last week, we revealed added utility to our token, including the opportunity to stake PLU to unlock additional cash-back at any of our retail partners. The first companies to be announced on our list of affiliates were in the Travel & Tourism category, Airbnb and Skyscanner.

I can also now reveal the first partner in the Fashion & Retail category, Nike ID. This will join our long list of partners to further generate money-saving opportunities for our members.

More to Come…

These are some very exciting features to arrive and marks an opportunity for uncapped usage of our services for increased convenience and savings. I will go into more details on how the PLU Rewards and the Plutus Perks feature will work in my next post this coming week.

Exciting times at Plutus, glad to have you with us.

Danial Daychopan,

Plutus Team Member