Welcome to the Plutus Weekly Report on the 10th of October
Curious to find out what it’s like for cryptocurrencies to have practical, useable value in the real world?
Head over to http://plutus.it and download the Plutus Tap & Pay for Android or iOS.
New to crypto, and looking to buy Pluton, Bitcoin, or Ethereum?
Choose the safest way to buy cryptocurrencies, and take our decentralised exchange for a test drive: http://dexbeta.plutus.it
What makes Plutus unique?
Plutus has learned from the past mistakes of other cryptocurrency services, namely the mantra: “If you store your coins on an exchange, they aren’t YOUR coins.”
This is why Plutus is quite possibly the only crypto-fiat and fiat-crypto gateway where your cryptocurrency balance is NEVER stored on any exchange or centralised server.
Instead, all coins travel directly to the user’s cryptocurrency address (or your own address, depending on whether you are buying or selling cryptocurrencies).
At the same time, our handling of fiat deposits is managed by 3rd parties (and is directly tied to a blockchain-based verification mechanism).
This makes events like the “Mt.Gox Disaster” impossible by design, because there are no user cryptocurrency balances whatsoever.
Legal Status of Pluton (PLU)
Several of our users have inquired about the legal status of Pluton (PLU) and how this affects the future of Plutus.
Quick summary: We have confirmation from our legal counsel that Plutus is best defined as a utility token, loyalty point, and in-app reward that exists for use inside the Plutus ecosystem.
Exchange Updates
You can currently buy Pluton on the PlutusDEX from other users as outlined in our white paper. However, as a community initiative, and to speed up the process, you can utilise the social media by posting and tagging any of the top three cryptocurrency exchanges, along with @Plutusit, #PLU and #Cryptoanywhere.
Media and Press
Our CEO and founder Danial Daychopan will be speaking at the BusinessCloud RoundTable today.
“What will Brexit mean for London’s tech sector?”
This event brings together a panel of industry leaders who will share their insight into how London’s tech sector can survive and ultimately thrive in a post-Brexit economy.
Development Updates
Currently, our development workload is running at nearly above full capacity, as we are under pressure to deliver a polished and stable ecosystem.
To keep up to date with all things Plutus, join our Telegram groups, and read this weeks update in full - visit our Medium blog here
Very important note: If you previously participated in the PLU crowdsale and have yet to claim your PLU you must do so before the end of December 2018. If you miss this deadline you will forfeit your unclaimed PLU and this will be used for bounty payouts.
