Pluton is a decentralized loyalty program token on the Ethereum blockchain, similar to mileage accumulation or cashback, obtaining VIP transactions and exempting handling fees from the Plutus ecosystem. Pluton coins can be converted into payment cards for transactions, instant confirmation, and transaction fees are exempted.

Project Introduction

Plutus is headquartered in London and was founded in the end of 2015. Its mission is to bring daily use of cryptocurrencies to pay for goods and services. The Communist Party raised $1 million in a successful 2016 crowdfunding campaign. This paves the way for the development of mobile applications (Android and iOS), the launch of VISA debit cards and user-friendly Decentralized Exchange. Users can top up the debit card using cryptocurrency or fiat currency, and DEX can facilitate conversion.

The additional benefit of Plutus account holders in the UK and European Economic Area (EEA) is that within minutes of opening an account with the platform, they will automatically receive a UK classification code and account number or European International Bank Account number (IBAN).

Project Highlights

pluton is a plusus token, a mobile app that will allow users to pay with Bitcoin on contactless payment terminals. This technology is based on the Ethereum platform. As long as there is a payment terminal supported by NFC, Bitcoin can be used even if the merchant does not use Bitcoin as a payment method. According to Plutus, the use process is very simple. First, through the application, Bitcoin will be converted into fiat currency. The fiat currency will be stored in a virtual debit card, or converted into a "token" inside the application. Users can use this token to pay through NFC.

The specific process of converting payment and Bitcoin into fiat currency is as follows:

1. The user sends Bitcoin to the address displayed on the app;

2. Bitcoin is automatically sent to verified traders on the decentralized trading platform and exchanged into US dollars, euros, etc. Users can choose to exchange suitable fiat currencies according to the merchant's region;

3. Confirm that the trader has received Bitcoin through a smart contract (dex) running on the Ethereum platform, and the corresponding amount of fiat currency will be automatically sent to the user's plusus virtual debit card account;

4. Finally, the user can use this money to pay on all NFC terminals.

Related links:
https://info.binance.com/cn/currencies/pluton
https://www.wanbizu.com/xinbi/20200302221425.html