PLUTUS get somes news !!

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For full list, click (more than 35 perks ! )

2 - Pluton Rewards | Difficulty Adjustment

In the same time, plutus announced some ajustment for difficulty to reach all next rewards levels.

Update | Limited Time Extension

The first Difficulty Adjustment will now take effect on 1st July 2023 (previously 1st June). Please see the image below to view the latest Difficulty Adjustment calendar.

 24/05/23

This year, Plutus exceeded all expectations. Whilst the rest of the market suffered one of the harshest bear markets to date, Plutus tripled its user base and PLU grew +80% in comparison to mega-cap tokens due to its utility.

The tokenomics have performed well over the last 12 months and the following update will enhance this further, ensuring the long-term sustainability of PLU Rewards.

More details on the current tokenomics >

  • To further increase the longevity of the Pluton Rewards Pool
  • To add value to Plutus Card holders

The Update

Adjust the difficulty of Plutus’ Reward Levels over time.

The PLU requirements for each Reward Level will increase incrementally. This is similar to how the Bitcoin Halving is used to manage supply and demand.

Once you have unlocked a Reward Level, it is grandfathered in and will no longer be subjected to future difficulty adjustments.

Important Note: Your PLU balance must still remain above the grandfathered requirements to keep that Reward Level. See FAQ at the end for more details.

The Rationale

  1. Reward Levels become more challenging to attain over time — fewer users reaching higher Reward Levels will decrease the rate at which PLU is emitted over time.
  2. Demand for PLU rises as Plutus’ user base grows and additional utility is added. This results in more users trying to reach higher reward levels — any positive impact on PLU’s value results in less PLU emitted.

The Difficulty Adjustment Calendar

 The calendar has since been updated (please refer to the image at the top of this blog.

PLU Requirements for each Reward Level (in PLU)

Starting in Q2 2023, the adjustments to the PLU requirements will occur frequently initially and become less frequent as time goes on.

  • = Quarterly
  • = Bi-Yearly

Whilst adjustments become less frequent over time, the increment sizes will increase over time. Based on internal data, this combination ensures the Reward Levels remain competitive and desirable throughout the growth stages of Plutus’ product lifecycle.

Additional Utility & Demand for PLU

The above amendments will be supplemented with additional utility for PLU including more Perks options, PLU redeemable for paid features, metal cards, and more. Full details for this will be revealed in due course.

Plutus is integrating more bank-like features in 2023, which will provide users more opportunities to earn PLU; as well as launching in the US which will accelerate customer growth and demand.

3 - Thank you for reading me

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Don't forget PLUTUS is one of the best Crypto card actually. User friendly, best cashback reward.

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