We are pleased to announce our next AMA on October 8th 2020 at 04:00 PM UTC Time: Satoshi Club x Plutus
⚠️Click to see the hour
⚠️Total Reward pool: $1500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Plutus Telegram group
We will have the following structure:
Part 1: 350$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 9 Questions will be selected from our website – please submit your questions in the comments section of this post. 3 Question will be selected from
Part 2: 350$/15 users – Open chat for 80 seconds. You can post Max 5 questions. Plutus Team will select 15 questions and answer them.
Part 3: 800$ – A quiz about Plutus
For more details:
Plutus – @plutus_group
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
As I understand from the information presented on the site, Plutus Account can only be created by residents of UK or Europe. Do you plan to provide this opportunity for residents of other regions in the future?
Really your service allow to earn 3% reward on every purchase made with Plutus Card? Does this offer have any restrictions, for example, the maximum remuneration per month?
Have you faced regulatory resistance when you were authorized to issue the Plutus Card?
I see the name Plutus everywhere but I am just wondering why they have different ecosystems. Is Plutus DeFi, Plutus Protocol, and Plutus coin are related to
PLUTUS that you have? Kindly explain to us what are the difference of all these projects to yours?
What’s the difference between Plutus and Pluton?
50% of the funds are raised are earmarked for development fund, what are the immediate development milestone after the fund raising ? What type of function on plutus requires KYC?
1) As the OG “better than a bank!” concept since 2015, why plutus decide 2020 is the right time to jump in into DeFi scene? (compared with other competitor, that already around)
2) i see there are plan for asian launch in the time frame, will it be in near 2021 or much later? (Cause you know, Asian market is very big, and not much player in there yet)
3) one of the biggest perk of Plutus that i love is Plu withdrawal and swap with fiat, are there any plan to speed up the waiting limit (from 45 days since purchase, cause that’s quite a long time) to withdraw based on your current tier?
Ps:I love shopping and always enjoys this kind of loyalty program, good luck Plutus team
Does $PLU has its smart contract? Can you provide us proofs that the PLUTUS you have is a genuine project?
It says in your medium article that PLUTUS is partnering with 5 exchanges and will provide cobranded cards. If this will push through, what are your plans and strategies to turn cardholders from different companies to PLUTUS as leading card provider?
Do Plutus have plans to add borrow and lend features on the platform?
How fast is the Plutus transaction process when paying using cryptocurrency? Is this feature (crypto payment) available worldwide?
Q :- Explain 3 benefits and utilities of $PLU? also whats the use of $PLU in Plutus whole ecosystem? Why should we have to invest in $PLU?
What is the role of $PLU Token in the PLUTUS Ecosystem? Does the payment need to pay for $PLU? Do I need to pay for PLUTUS to send a message? In other words, what is the $PLUToken appreciation logic?
Q:- It seems that the $PLU token has a very important role, can you tell about its potential? What are some ways users can make a profit by joining your Exchange ? And what will reduce the inflation of $PLU tokens?
what are the ways that $PLU Token generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both investor and your project ?
Recently, the crypto market has attracted more and more people, but it is accompanied by fake projects, scams, … So what sources is Plutus currently trusting and cooperating with? Is it reliable?
Plutus tagline is “Better than A Bank”. In what way Plutus services are better than the traditional banks? Also, Account creation for European Citizens are free. Aside from Europe, do you have any plans fo expand your network to Asia or even America?
Pluton (PLU) is the world’s first “Decentralised Loyalty Token” to enter the market and available anywhere that accepts Visa Card. Plutus offers 3% crypto reward in Pluton (PLU) for every purchase. How is the reward computed? Can I redeem my $PLU earned to Fiat?
With the use of PlutusDEX, you can swap your crypto between other members who provide the fiat liquidity for your Card/Account top up in return. And offers Zero Fee Experience for the members. Can I use the PlutusDEX without creating a Plutus Account?
Plutus Perks Program provide members with additional online cash back (up to 15%) offers on top of the existing crypto reward (3%). Why is it available only to Pro and Premium Members? How much is the fee and what are the requirements to become a Pro/Premium member?
Plutus card is Non-Custodial wherein you’re in full control of your funds. Also, Personal Cryptocurrency Wallet are linked to the Plutus Card for easy conversion of crypto funds. Does the security of the crypto wallet did not compromise? How about the private keys?
Can I withdraw/transfer out my fiat to any bank with the use of Plutus Card? And for the Liquidity of the DEX, what are the steps you’re taking to solve this issue? Are you offering “Liquidity Mining Rewards” for adding liquidity to the pool?
You offer both on- and off-chain privacy solutions. Why are both of them vital for Plutus and what kind of a role does VPN play in this ecosystem?
It’s always a pleasure to see projects that prioritize anonymity. How do you see it developing in the longer term, considering that regulators are planning to add stricter laws in cryptocurrencies in the future. Do you see that Plutus could remain the current level of anonymity on its platforms?
Plutus is the currently largest full stack platform within the DeFi space. With what kind of projects have you partnered with and how does Plutus solve the trilemma between interoperability, privacy and decentralization?
Are the tokenomics of Plutus inflationary, taking into account that you’re paying rewards for Plutus holders? Or will the rewards be paid in some other cryptocurrency such as USDT?
Plutus is offering 15% APR for the stakers. What kind of factor determine the percentage and is it fixed or floating?
Your flagship product is called Payroll. Could you please tell us a bit more about it? What kind of key features does it have and what makes it advantageous over similar kinds of payment solutions?
Covid-19 had shaken all business sector and had affected many crypto projects negatively.What are your plans to keep up to your expectations and how are u planning to excel and survive amidst this pandemic?
How many Fiat Currencies does PLUTUS currently support on it’s platform.. Are you looking at onboarding more fiat Currencies from other regions outside The UK and Europe?
Can you explain how your Crypto-fiat Dex (PLUTUS DEX) works can users connect their regular banks account.. And their crypto wallets and immediately swap their fiats in a decentralized manner.. Or do they have to first send their fiats to a different platform to facilitate a Swap
Part of your Plans is to give users access to dual-currency accounts, FX markets, and business accounts. When will this be fully implemented in Your platform.. And for the FX markets will you be introducing a kind of FIat-Fiat DEX on your platform to enable users swap Between Fiat Currencies in a decentralized way
– To invest in Plutus is only possible with stablecoins? Do you have different APY depending on which stablecoin is used? Or are all APYs the same?
– How is the protocol decided in which liquidity pool to invest the currencies? Have you defined those with the highest ROI or those that are the safest? Or does the user decide it himself?
– What risks are there when investing in Plutus? Can you always meet the algorithm and protocol with the ROI? Is there a possibility of losing the funds?
Plutus offers services like that of a traditional bank, so do users fiat and cypto savings in your platform will be subjected to tax too?
In general Plutus is like a decentralized exchange that supports P2P trading for the UK and EU. What’s the difference between Plutus and them? Why should I use Plutus instead of others?
What is the roles of PLU tokens in commerce, DeFi and Crypto in general, what is the leading utility and interesting use cases of PLU
You claim to be “better than a bank”. What makes you confident with this statement? What goals are you focusing on to improve your quality?
Am interested in the PLUTUS CARD but as I see it is available for only UK and Europe, how can I get it in Africa and do you have plans for the African Market
PLUTUS is claim BETTER THAN A BANK, but We all know that DeFi will not replace Traditional finance institutions, so is it your goal to compete against banks or work together with Banks
As You say that users who holds the sufficient PLU will be rewarded with free premium/ pro account,
What are the benefit of these accounts & how they are different?
Is price of PLU fixed 8$ only for cretain time? How will its price be determined?
What will be impact on this from marktet devaluation?
I see many projects are coming with Crypto cards, What Was the need of plutus card, Can You talk about the various features & cashbacks that will be there?
You guarantee, that price will be 8$ only till 08/1/2021, Why?
After that on what factors token price will act?
We are really aimed at achieving a totally DeFi economy and financial world in the coming years, being so, why develop a project in which you have to complete KYC and open accounts? why not develop it fully decentralized at once?
months ago they made their association with NIKE, generating greater rewards to users who make purchases of some products with Plutus, but is this valid only for natives of the United Kingdom? or other countries will have the opportunity?
Really the only platform where I can get PLUTONS tokens will be in PLUTUSDEX? or will it be listed on an exchange soon?
on your website they say that “Plutus is better than a bank”? but is it really a fully legal and registered financial institution in the UK? What is your headquarters location? or is it all in the cloud?
Initially you can only buy it for P2P only FIAT and then exchange it for BTC or ETH? or can I buy BTC and ETH directly? then will they list TRON and EOS?
What are the regulations governing PLUTUS bank accounts? are they really very similar to traditional bank accounts? Are there definitive penalties and blocking of accounts?
is it really profitable for Plutus to provide 3% rewards for making payments with your card? or is it just for advertising and to attract new users? If so, will these rewards always hold?
Regarding the Plutus card, will it have an expiration date? or will she stay in force forever?
really why call this project “PLUTUS”? What relationship does it have with this bridge between Traditional finance and DeFis?
Who are the Plutus end users and what will they use the token for?
According to you how much time will it take for Plutus into mainstream adoption and execute all the plans set for this project?
Can you tell us something about your Vision and target that Plutus is focusing most until end of this year?
How to follow
PlutusDEX Token Sale
Can you explain briefly and clearly, the terms and minimums of purchase
What are the advantages of buying PLU
and
How much is the PLU price on PlutusDEX?
Is there a Price Guarantee policy that does not decrease.
Plutus
are there any plans to build Defi, Yield Farming and NFT in Plutus
You are serving bank account facility in UK and Europe which means you have already overcome the legal regulations there. What if those regulations change in the future, what will happen? Do you have insurance or warranty kind of safety measure for the users?
How is the Governance on your system? How does Plutus verify crypto transactions between buyers and sellers?
When I have a bank account, they cut fees for transactions, also some periodic fees under different names. Will it be the same if I get the account through Plutus or is everything fee free?
What is the role of Pluton Token (PLU) on Plutus Network, what is it used for?
What kind of rewards does Plutus ecosystem provide for the users, how much for doing what?
Are your services for only UK and EEA citizens or can outsiders have accounts also? If yes, are there any limits on the services, eg. is Plutus Card available world wide?
I see on Twitter that location of Plutus is United Kingdom. With the recent news ”FCA Bans Crypto Derivatives for Retail Consumers in UK”, how will it affect the business of Plutus in United Kingdom and globally?
Your website claims that in under 2 minutes, we can set up Quick Bank Account and KYC Verification for UK or Europe (EEA). Who is your bank partner and are there any risks involved for the users like KYC leak and Crypto Transactions data leak? When can users from places other than the UK or Europe (EEA) create account on your platform?
What are the various features that are there on PlutusDex Platform?
In which Countries plutus Visa card is actively accepted & how is it different from traditional Card?
What are the varioue incentives & Caskbacks I can Get while using my Plutus Card?
Why there was a need of New Crypto Card?
How does Plutus differentiate themselves from other crypto card providers like Crypto.com cards and Swipe cards? If somehow my card gets deactivated/damaged/lost/stolen, what assurance do I have to get my crypto back?
Can you explain the use of Plustus Card? Is it available worldwide? What is the pros and cons of using Plutus Card?
Can you explain to us the whole structure of Plutus Network? How can you say that Plutus is better than a bank? Does Plutus have a physical offices and branches like a bank?
I’m interested to try Plutus because in bank sometimes it is hassle to use and I can’t connect my account in Exchange directly to the bank. So does Plutus have that kind of feature in which you can connect easily your Exchange account to Plutus Network? Can we also deposit Fiat money in any currency with your platform? What is the restrictions of using Plutus Card?
The PLU token sale is live. Right? But KYC is necessary for the token sale. Why kyc is necessary for token sale.I don’t understand yet. I sent you a payment and you sent me token. But why need you kyc for this transaction? Even many people’s who haven’t id card for complete kyc. How they participate PLU token sale?
PLU token sale is live.
You mention that
Sale Price: $8
Bonus: 40%
Refund Policy: YES
90-day Price Guarantee: YES
Best sale ever: YES
Best project ever: YES
Sale price,Bonus,Refund policy, 90 -day price guarantee is okey for me.But Why do you think its best sale and best project ever? What is the reason?
The sale in the DEX is for 50.000 PLU. The 40% bonus will come from the 700.000 or the sale is 30.000 and the bonus the remaining 20.000? /// 2- If the sale is oversubscribed, the pledge for more PLU at the same sale price with a 20% bonus in PLU applied, and the load of the account with the remaining balance to receive the 20% bonus in PLU, will come from the 700.000? If yes, there is a specific cap for that?
The original idea of Plutus was to combine DEX with a debit card, with reward programs inclusive, but it later evolved into an all-in-one financial app that will be better than a bank. What is the biggest impact that caused you to evolve? Would bridging the two financial worlds lead to mainstream adoption of blockchain?
Tell us more about your Double Dip Reward -Pluton Rewards and Pluton Perks. Are there any specified amount of Pluton I must hold to qualify for both? Do you have a membership program where i can refer my friends to sign up for and what are the benefits?
17.15 million Plu is in the reward pool. You say that this pool is designed for more than a hundred years. I have a question: how many addresses are involved in the pool and who has access to these wallets? Will this pool be inherited, or will it cease to exist with the founders? Are you going to live forever? 😉
How does Plutus implement DeFi derivatives and protect users against trade manipulation? How do your transparency and privacy policies work?
How does Plutus ensure that users’ assets will not be detained? What are the procedures you follow regarding your transparency principles and security of user assets?
What do I need to do to pay with your card, let’s say in the USA? Do I have to go to Plutus Dex and exchange cryptocurrency for usd? Or Plutus Dex is not a usual dex for all of us and the conversion is automatic?
Do you think token sale will be oversubsrcibed?
You are planning to obtain a banking license in 2022. Do users need a KYC on your platform?
What does the Premium account package include? What is the difference from the usual?
The minimim pledge is 100PLU right so if i pledge i am getting 6 months free but what type of serivice it a Pro or Premium?
I’ve been following the evolution of PLU and am glad that you’ve been always developing and delivering! I like the Perks system. Given the 2021 expansion outside EU what I’m wondering is: are you planning to create different Perk levels for the new developing countries where the actual PLU levels might be “tough” to reach due to economic/wealth differences?
Are you planning on expanding to business accounts in the future as well?
Will the 40% bonus (that’s been added on top to pledgers with the LIP) be extended to the subsequent round of sales with the chosen tier3, tier2 and tier1 exchanges or will it be precluded and exclusive to this initial PlutusDEX sale?
Hello,
Why i can top up my Plutus current account with fiat just from the bank account which is under my name. I concider to start receiving my salary in euros, straight to the Plutus from my employer. Otherwise i am lossing quite decent amount of money on the exchage rates.
All bank cards have their own expiration date, after which the card needs to be replaced. And also many bank cards have an annual service fee. What can you tell us about your card about this?
If for some reason purchases are canceled, and payment is made using your card. And you have already credited the cardholder with a reward for using it. Refunds by law must be made to the same card. Is it possible? And what will happen to the accrued remuneration?
You periodically post vacancies on your website. Do you have a limited range of search for employees geographically, or can a person come to you from anywhere in the world if he meets the requirements? And in what field of IT or banking are there more in your team?
What is the formula for calculating the percentage of remuneration for the cardholder? What is more profitable to buy 10 scooters with different receipts or one Mercedes to receive awards?