Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»CRYPTO NEWS»Plutus Announces Platform Enhancements to Enhance Transparency and Sustainability – Crypto Directories Press Release
CRYPTO NEWS

Plutus Announces Platform Enhancements to Enhance Transparency and Sustainability – Crypto Directories Press Release

By Crypto FlexsNovember 18, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Plutus Announces Platform Enhancements to Enhance Transparency and Sustainability – Crypto Directories Press Release
Share
Facebook Twitter LinkedIn Pinterest Email

Chainwire, London, UK, November 18, 2024

Plutus, a pioneer in tokenized loyalty rewards, is implementing strategic upgrades to strengthen platform integrity and ensure long-term sustainability. Following community feedback, with 67% of users expressing support, the company is rolling out initiatives aligned with its whitepaper, including offering rewards of up to 10% on debit card payments, as well as adding to its existing cashback and credit card programs. It is establishing itself as a competitive alternative. .

Consequences of Expanding Ambition

Launched in 2015 as one of the first community-supported Ethereum-based platforms, Plutus has pursued rapid growth while remaining self-funded. This expansion has at times resulted in operational issues that have impacted customer experience and community trust.

Plutus is now committed to solving these problems and strengthening our platform.

Steps to improve platform integrity and user experience

  • Customer Support: Accounts reported for misuse have been restored following our guidelines.
  • Enhanced transparency: The updated Terms of Use provide clearer standards and expectations for users.
  • Metal Card Expansion: All holders affected by the upgrade received +1 month free.
  • What’s new: It offers in-app value including PlutusSwap, PlutusMiles, and PlutusGift.
  • Practical benefits: Instantly top up your card and exchange it for airline miles or gift cards.
  • PLU reward anchor: In-app spend and emissions worth at least £/€10.

The future of growth and innovation

Until the end of 2024, all in-app utilities except PlutusSwap will be fixed at a minimum intrinsic value of £/€10 per PLU (e.g. 1 PLU = £10 gift card), making them independent of external market conditions. From Q1 2025, PLU emissions will also be adjusted to the intrinsic value of £/€10 set by the in-app utility. This approach is consistent with Ernst & Young’s prediction of £/€7.90 per PLU in-app, aiming to achieve 100% self-sustainability and build a ‘FUD-proof’ model through its network fee system, FUEL.

To increase transparency, Plutus plans to open source its financial models to enable public verification and contribute to industry innovation.

“Some doubt the scalability of the system and naively compare it to standard cashback,” said Plutus CEO Danial Daychopan. “To alleviate concerns, we are revalidating the model with Ernst & Young and making it publicly available to not only reassure the community, but also provide guidance to others seeking to replicate our success. “This move will support the industry, inspire us to innovate further and allow us to confidently keep pace with the industry.”

A balanced approach to transparency

Plutus is committed to transparency and fairness, with ensuring our rewards system is sustainable as our top priority. The company understands that not everyone will agree with every decision, and that’s okay. Plutus is using this time to focus on what will truly benefit the community in the long term. Some of our long-time customers may not agree with this direction, but we apologize for any disappointment you may have experienced. However, the product must evolve to ensure continued benefit to all PLU token holders.

Plutus doesn’t rely on fancy PR firms for polished pitches. The company communicates directly and honestly with the community. There may be mistakes along the way, but Plutus is committed to improving and ensuring that our messages are clear, consistent, and aligned with our values.

Looking into the future

Plutus prioritizes maintaining a safe and respectful environment as we prepare for growth and prepare for our upcoming Series A funding round with industry-leading partners. This collaboration will support the network transition in 2025, enhancing Plutus’ token economics while protecting the community and creating a positive space for customers to share value. With Tier 1 network support and funding, Plutus is committed to transparency and sustainability, ensuring its position as a leader at scale and delivering lasting value to its millions of customers. Please see the Plutus White Paper 2024 for more details on future features.

About Pluto

Plutus is a leading rewards and financial platform providing profitable solutions to communities around the world. Focused on transparency, trust, and organic long-term growth, Plutus empowers everyday card users with tokenized loyalty rewards that maximize value in any economy.

contact

Plutus Team
press@plutus.it

Plutus Announces Platform Enhancements to Bolster Transparency and Sustainability

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XY Miners starts mining free Bitcoin, explores the charm of cloud mining, earning $ 3,000 a day.

May 31, 2025

Can I earn $ 99,999 on my phone? Discover 5 of the most profitable cloud mining apps in 2025!

May 31, 2025

The tendency makes the top of the non -parent wallet for crypto.com Visa Card

May 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Gala Game introduces a discounted town star badge mystery pack.

May 31, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

Director Trezor: What is the best hardware wallet in 2025?

May 31, 2025

The BNB chain reports the growth of the Defi and AI sectors in the new initiative.

May 31, 2025

Bitcoin is still in a strong trend despite the loss of major support, Trader says. His view is as follows:

May 31, 2025

Ether Lee’s 50% Rally Setting vs. bitcoin spark Alt Season Hope

May 31, 2025

Licensed platform Cryptogames shows how promotions increase player winning potential.

May 31, 2025

From Solana, FOMO to Fallout: What is the following after 11.5% of SOL?

May 31, 2025

Global Telecom Giants performs nvidia for sovereign AI infrastructure.

May 31, 2025

XY Miners starts mining free Bitcoin, explores the charm of cloud mining, earning $ 3,000 a day.

May 31, 2025

Strape has an initial conversation with the bank about using Stablecoin.

May 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Gala Game introduces a discounted town star badge mystery pack.

May 31, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

Director Trezor: What is the best hardware wallet in 2025?

May 31, 2025
Most Popular

The Korean government is known to have requested Interpol to extradite Do-kwon amid legal problems.

March 7, 2024

Bitcoin will continue to be integrated in this full back stage -analystist

March 5, 2025

Here’s why Shiba Inu saw a massive outflow on exchanges.

December 26, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.