#trade-junkies // Pluton — Blockchain Powered Rebate System for Contactless #nfc Payments

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https://vimeo.com/164699478

This crowdsale is over, but after the #ethereum fork, Plutons will probably hit exchanges. My guess is at least #bittrex and maybe #poloniex

PAYING WITH PLUTONS

In the Plutus app, Plutons are prioritised within the platform and can be used to pay for goods and services in the same way as bitcoins. This means you can instantly convert them to tap & pay at any NFC terminal of your choice.

From a technical perspective, Plutons are digital tokens issued to users on the Ethereum blockchain. They can be distantly compared with cash back points or frequent flier miles. As a user, you will automatically be rewarded with a rebate in Plutons for every Bitcoin deposit you make towards a purchase. Every time you shop, you earn Plutons.REWARDYou receive a 3%* rebate in Plutons for every conversion you make.NO FEESConversions to fiat are FREE when topping up your contactless balance with Plutons.INSTANTPlutons have the advantage of instant transactions on deposits.

THE KEY BENEFITS?

ZERO FEES

Unlike Bitcoin, deposits with Plutons are free.

Earned Plutons can be sent to friends within the app, or redeemed on the PlutusDEX in return for balance towards your next purchase. The decentralised nature of Pluton means that custom use-cases can be developed.

WHY DECENTRALISED APPLICATIONS?

We want to automate our business processes and exchange system in a transparent and immutable manner. As a result, to be able to cut costs and to pass these savings on to our users.BLOG

HOW WILL THE PLUTONS SALE WORK?

Pluton issuance is permanently limited to rebates via the PlutusDEX - there will only be a total of 20 million Plutons ever created. The vast majority of these will be locked and allocated for the rebate system smart contract pool and NOT owned by Plutus.it.

The funds raised will only be withdrawn by Plutus.it once the development team has reached key self-imposed milestones, until which time the funds will remain governed by Ethereum and Bitcoin multi signature account provided by BitGo.Note: Plutons obtained during the crowdsale will be issued directly to your Ethereum wallet once the sale has ended. You can move these Plutons freely but we highly recommend to only utilise the optimal use case for Plutons, that is to be traded on the PlutusDEX in exchange for a contactless payment balance on the Plutus mobile app. Details in how it works blog.

https://getplutons.plutus.it/

More videos about Plutons:

https://vimeo.com/user44924752

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