Artwork by our community member: Vikki Zhang

Our Plutus members are on the cusp of earning crypto rewards (PLU) on every purchase made with a Plutus Card. Those on the Premium or Pro accounts will soon receive up to 3% of purchases back in our native utility token, Pluton (PLU), and our additional cashback programme will join shortly after.

Last month, we announced a number of additional use-cases to the long-standing Pluton (PLU) token. Pluton will be:

Convertible into additional fiat card balance

into additional fiat card balance Redeemable for Plutus Premium services

for Plutus Premium services Exchangeable without fees on the PlutusDEX

without fees on the PlutusDEX Transferable between wallets

However, the most exciting development attributed to the token is the introduction of Plutus Perks, a programme that offers additional fiat cashback to those who stake Pluton (PLU).

How Does it Work?

Members on the Premium and Pro accounts will earn up to 3% in crypto rewards (PLU) on ordinary Plutus Card purchases. This earned PLU will be displayed on your Pluton Dashboard and will unlock additional fiat cashback at any of our online retail partners meaning users can earn double-dip rewards.

Plutus has established a list of affiliate partners with internationally known brands to offer you money-saving opportunities. Below is a snippet of the Pluton Dashboard featuring some of the online partners you can earn additional fiat cashback at.

Product Screenshot — Pluton Dashboard

Staking

The Plutus Perks programme has been designed to reward our frequent-spending members the most. There will be five levels to unlock with progressively higher staking requirements, but also, progressively more appealing retailers within. The more you use the Plutus Card, the faster you will earn PLU and rise up the levels, unlocking increasingly more fiat cashback opportunities.

Whilst Level 1 has an incredibly low entry of 1 PLU; the highest, Level 5, carries a staking requirement of 5,000 PLU.

Plutus Perks Level Breakdown

Each level unlocks a new product category, and within each product category, there is a more comprehensive list of subcategories/products which also each possess their own staking requirements. This will ensure that you are consistently unlocking additional perks throughout the process as you accrue more Pluton.

If you stake sufficient PLU, you can progress to the bonus levels — Level 4 and Level 5. These add higher rates to all existing cashback discounts on your list.

Bonus Cashback (Level 4 & 5)

Level 4 and Level 5 are bonus levels designed to reward our most loyal and long-term members. To continually reward you for holding PLU, Level 4 and Level 5 will provide you with a dynamic bonus cashback rate.

Level 4 — purchases will earn you up to 5% more on top of usual cashbacks

— purchases will earn you up to 5% more on top of usual cashbacks Level 5 — purchases will earn you up to 8% more on top of usual cashbacks

The dynamic rates will depend on factors such as membership longevity, seasonality, partners and many more. The bonus levels will provide you with a great opportunity to earn higher rate of rewards for your purchases.

Example

Product Screenshot

Here is a glimpse of our upcoming product page for one of our brand partners in the Fashion & Retail category.

As a level 5 member, you will receive a cashback rate of £12.06, plus an increase of up to 8% bonus cashback to make it £13.03, for a purchase of £134 at Nike by You. This is on top of the 3% Pluton Reward which is attached to all your Plutus Card purchases.

More to Come…

As always, there is plenty more positive news regarding Plutus to come. We hope you enjoy the wealth of rewards and perks to arrive in the not-so-distant future. Make sure you follow us on Medium to be the first in line for updates.

If you are yet to open an account, you can sign up here. Our free Plutus Card offer will be ending very shortly.

Lastly, I would like to thank the Plutus team and the community members for their continued support during these tough times. I wish everyone the best and look forward to continuing to deliver through another obstacle that has, unfortunately, impacted many industries.

Danial Daychopan

Plutus Team Member