We’ve made PLU payouts simple, fair, and flexible for all customers. Here’s how it works:
No Restrictions
Available to all our customers, you can request PLU payouts at any time.
Full Ownership Benefits of CRY – Compounding Rewards Yield
The Compounding Rewards Yield (CRY) programme is designed to reward long-term loyalty to the Plutus ecosystem. Here’s how it benefits you:
Penalty-Free Transfers After 12 Months If you transfer earned PLU using free payouts to a connected wallet and complete the 12-month CRY stacking period, you can then move that PLU without any penalties.
Penalty-Free Transfers of CRY Rewards The additional PLU rewards earned from completing the 12-month CRY stacking period, along with any associated multipliers, can also be transferred penalty-free.
In Summary: By participating in CRY, you secure full ownership of your earned PLU, unlock greater flexibility, and earn more rewards. Your loyalty is rewarded with the freedom to transfer PLU as you choose after the stacking period, making it a win-win for long-term supporters committed to the Plutus ecosystem!
No, there are no restrictions on requesting PLU payouts. You can request a payout at any time as long as you follow our Terms of Use.
What’s the difference between paid and free PLU payouts?
Paid Payouts: These require paying a dynamic fee (currently 33%) and allow you to transfer PLU to any non-connected wallet without penalty.
Free Payouts: Available only to eligible customers who meet specific criteria and are intended for self-custody stacking in your connected wallet. A penalty applies if you transfer PLU to a third-party wallet, unless you pay the 33% fee or complete the 12-month CRY stacking period.
How do you achieve full ownership of PLU without penalties?
You can either:
Pay a 33% dynamic fee, or
Complete the 12-month CRY stacking period.
PLU Self-Custody Stacking and Earning CRY: What You Need to Know
Can I transfer earned PLU to a connected wallet and earn CRY?
Yes, you can transfer PLU rewards from the app to a connected wallet and stack them for 12 consecutive months to earn CRY rewards and annual multipliers.
What happens if I transfer earned PLU to a non-connected wallet before completing the 12-month stacking period?
If you transfer PLU rewards to a non-connected wallet before completing 12 months in your connected wallet:
Penalty: You’ll incur a penalty unless you pay the dynamic payout fee.
Avoiding the Penalty: To transfer PLU without a penalty, you must complete the full 12 months in your connected wallet.
What if I transfer earned PLU after completing the 12-month stacking period?
After completing 12 months of stacking:
No Penalty: You can transfer your PLU rewards to any non-connected wallet without penalty.
Full Ownership: Your CRY rewards, including multipliers, will also be eligible for transfer without penalty.
Can I transfer CRY earnings from PLU rewards stacked to a non-connected wallet?
Yes, after completing the 12-month stacking period, you can transfer your PLU rewards (previously transferred and stacked in your self-custody wallet via free payouts), along with any CRY earnings and earned multipliers, to a non-connected wallet without penalties.
Can I transfer my externally sourced PLU stacked in a connected wallet without penalties?
Yes, you can transfer externally sourced PLU (PLU that wasn't earned as rewards) into and out of a connected wallet without any penalties. However, please note the following:
Loss of Pending CRY Earnings: You will lose any additional associated CRY earnings from externally sourced PLU in the pending balance unless the 12-month stacking period is completed.
Potential Loss or Downgrade of Reward Levels: You may lose or downgrade your reward level benefits if you de-stack below the required PLU threshold for each level.
Free PLU Payouts: Tracking and Violations
What are the penalties?
If you transfer earned PLU to a non-connected wallet without meeting the conditions (such as paying the 33% fee or completing the 12-month stacking period), can result in either:
Loss of some or all Reward Level benefits.
Increased PLU requirements to maintain Reward Levels.
Account suspension in rare cases for misuse, as outlined in our terms.
How can I track which PLU can be transferred to non-connected wallets?
It's simple. All CRY earnings, once moved from pending to the available balance, will appear separately from PLU rewards earned from card spending. This makes it easy to know which amount can be transferred anywhere you wish after moving it to your connected wallet.
Mixed PLU Pot Edge Cases
What happens if I have both eligible and ineligible PLU in my wallet?
Example:
You transfer 50 PLU with a 33% fee (paid payout) and another 50 PLU with no fee (free payout).
You now have 100 PLU in your connected wallet—50 PLU is eligible for transfer (from the free payout), and 50 PLU is ineligible (from the paid payout).
If you transfer 49 PLU to a non-connected wallet:
No penalty: You are within the 50 PLU eligible limit.
If you transfer an additional 2 PLU to a non-connected wallet:
Penalty applied: This exceeds your eligible 50 PLU limit.
What if I stacked PLU for 6 months, then paid it out to a connected wallet? When can I transfer it to a third-party wallet?
PLU must be stacked for 12 consecutive months in a connected wallet before it becomes eligible for transfer to a third-party wallet without penalty.
Can I transfer externally sourced PLU without penalties?
Yes, but any CRY associated with this externally sourced PLU will be forfeited unless the 12-month CRY stacking period is complete.
Penalty-Free vs. Penalised PLU Transfers
What PLU can I transfer without penalties to a non-connected wallet?
You can transfer PLU penalty-free to a non-connected wallet under the conditions outlined in the table below:
Q1: Transition from Internal to External Reward Level Stacking
1) New Reward Level Benefits: Free Payout
Who is eligible for New Reward Level Benefits, including Free Payouts?
Free payouts are available to customers who meet both of the following criteria:
Maintained a Reward Level: Held any Reward Level for more than 12 consecutive months without downgrade.
No Prior Transfers: Never transferred earned PLU to a non-connected wallet before 20th Feb and only requested payouts for self-custody stacking in a connected wallet.
Note: Auto-downgrades on August 1, 2024, due to new reward level adjustments will not incur penalties.
What if I don’t meet the criteria?
If you don’t qualify, you’ll need to stack rewards in your external wallet to progress before 20th February:
Unlock a New Level (e.g., Noob to Hero)
Unlock a Sub-Level (e.g., Veteran to HoneyBadger+)
What if I don’t move PLU from internal to external?
If you don’t transfer your PLU to an external wallet:
Your Reward Level may be downgraded since only external PLU will count towards level progression.
You will stop earning Compounding Rewards Yield (CRY) on your internal PLU balance.
To maintain your benefits, we recommend transferring your PLU to a connected external wallet before the deadline.
2) CRY Earnings: During Transition
How do I avoid losing CRY on my internal PLU balance?
To continue earning CRY (Compounding Rewards Yield) without disruption, transfer all your PLU from the internal balance to your external connected-wallet before 20th February. Any remaining PLU left in your internal balance after this date will not earn CRY.
Example:
If you transfer 1,000 PLU but leave 1 PLU behind in your internal balance, you will continue earning CRY on the 1,000 but not the remaining 1 PLU.
To protect your CRY earnings: Transfer either the amount you want, or all 1,001 PLU to your external wallet before 20th February to avoid losing any CRY.
Important Notes:
Once PLU is transferred out, newly earned PLU in your internal balance will no longer earn CRY and only be available for redeeming on utilities, or self-custody payouts. Any CRY shown for newly earned PLU will be temporary and expire by 20th February.
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