Articles
New Era for Stackers: Upgrade to Rare PLU & Dynamic Rewards
5 min read
Plutus is entering the most significant new chapter since its 2015 inception. Powered by Web3 but built for Web2 customers.
This proposal outlines an upgrade to the approved 2024 Whitepaper, focusing on sustainability through a more robust, transparent, and scalable rewards model, supported by a new Dual Token System. This includes:
To better understand this update, first see the Dual Token Concept details or watch the video explainer below:
Collect community feedback to upgrade PLU to Rare PLU, with clear separation between external stacking (Rare PLU) and in-app redeeming (Dynamic Rewards).
What is Rare PLU?
An extremely limited token for fully decentralised stacking to unlock real-world benefits. It can no longer be earned in-app and is prioritised with special powers for external use.
What are Dynamic Rewards?
Newly created in-app rewards with zero-supply tokenomics, designed to scale through Rewards-as-a-Service (RaaS) and utilities. They have no restrictions on external use.
📌 Note: After the vote, Dynamic Rewards will not be available as a token until licensing is secured. In the interim, they will function exclusively as in-app points. More details below.
This section highlights the key updates and explains how customers can take action before and after the vote.
📌Note: If you don’t request a payout within the 30-day window, your in-app PLU will be automatically converted into Dynamic Rewards. More details are provided below.
This step ensures that both the circulating and total PLU supply will no longer increase, protecting stackers indefinitely.
📌Note: The final capped supply is based on internal issuance and is subject to change. See the supply breakdown below for more details.
The £/€10 emission anchor reflects the intrinsic value offered across all everyday utilities (e.g. PlutusGifts and PlutusTravel) — and now, this same anchor will apply to PlutusSwap to ensure a fair and consistent redemption value that’s easily accessible to all customers.
During the initial rollout, the £/€10 anchor on PlutusSwap will be available to Premium accounts, followed by varied rates for other tiers and a swap limit that’ll increase over time.
📌 Note: Only in-app Dynamic Reward Points will be eligible to swap at the £/€10 anchor rate — not PLU or other tokenised assets. More details and FAQs below.
Payouts will be simpler to understand — with no restrictions and much lower fees, based on the actual value of the utility you receive for your rewards.
📌 Note: On-chain payouts will not be available while Dynamic Reward Points remain internal. They’ll only be enabled once required licenses are obtained. More details below.
Millions of PLU were earned at unreliable external rates (~$1), which cannot be sustainably converted into £/€10 benefits across all utilities and customers.
To keep the system fair, older rewards earned at lower external rates will be converted before use on high-value utilities, ensuring consistent and sustainable benefits for all.
📌 Important Notes:
The separation of external PLU stack from internal reward emissions — along with the shift to a new chain (layer-2) for payouts — significantly enhances the system's functionality.
With smart contracts introduced, the platform gains long-term flexibility, automation, and scalable support for utilities and Rewards-as-a-Service (RaaS).
📌 Important Notes:
Here’s how the current and projected supply of PLU breaks down — including how much has already been stacked, how much remains in circulation, and how much will be burned.
📌 Important Notes:
This section helps clarify the purpose of each token, how it fits into the overall ecosystem, and clearly distinguishes your PLU stack — making in-app rewards easier to understand without restrictive rules.
Fully decentralised and designed for stacking to unlock high-value, day-to-day benefits:
Designed for redeeming across utilities and scaling through B2B partnerships:
📌 Important Notes:
To prioritise stackers impacted by past misuse and for those who voted for the sustiainbility focus whitepaper, we’re upgrading PLU’s tokenomics and making it fully decentralised — removing risks tied to emissions, third-party payouts, and the centralised Rewards Pool as a single point of failure.
They’re built for in-app utility, generate FUEL, and external use via RaaS (B2B) partners — not hoarding. Stacking is reserved for Rare PLU, which you can hold in a connected self-custody wallet to unlock rewards in-app.
Yes. As the centralised Rewards Pool is burned, your PLU in connected self-custody wallets will auto-upgrade to Rare PLU, unlocking special powers and more rewards in-app.
No, PLU earned after 20 February is unaffected and will convert at a 1:1 rate (1 PLU = 1 Dynamic Reward unit).
PLU earned before 20 February will convert at a 10:1 rate (10 PLU = 1 Dynamic Reward unit), with PLU payouts ending indefinitely in Q2.
Most PLU held in-app was earned at ~$1 external rates and cannot be practically redeemed at £/€10 across tens of thousands of customers. The 10:1 rate ensures fair and sustainable redemptions under the new £/€10 emissions anchor — including on PlutusSwap.
Yes. You can request a payout during the 30-day window following the 7-day voting period, giving you ample time to decide and move your PLU to self-custody.
Yes. Converting makes your internal PLU instantly usable across the app — including no-fee, anchored card top-ups in all regions, such as the new PlutusSwap for UK customers.
While PLU won’t be earnable, customers will still be able to acquire it from others — such as friends or community members who’ve already earned millions. A new feature (post-licensing) will allow customers to redeem in-app rewards for PLU from others on-chain, enabling continued progress through Reward Levels.
Yes. Once live, Dynamic Reward tokens (not the in-app points) will be available for payouts (post-licensing) and usable across all utilities and RaaS (B2B) partners. They will also generate FUEL for on-chain transactions, helping to self-fund the rewards system.
As Plutus evolves to a web2 focused loyalty card, new utilities and redemptions will continue to expand and access across the UK, and EEA. This includes Rewards-as-a-Service, letting partner brands offer discounts for Dynamic Rewards via our white-label platform.
No, most external PLU use restrictions will also be lifted, except those necessary to prevent gamification or protect stackers. This will enable customers to freely send PLU to one another using the planned redeem feature mentioned above.
No. Your accumulated CRY earnings won’t be affected. However, future issuance will occur as Dynamic Rewards in-app and be available for payouts after licensing on the new chain.
FUEL is a 5% network fee applied via smart contract when Dynamic Rewards tokens are used externally. It is recycled back into the rewards ecosystem to support sustainability.
Once all necessary licenses are secured, tokens will be issued on the new chain (currently in testing) and made available for on-chain payouts. FUEL generation will begin at that point. The timeline depends on regulatory approvals and cannot yet be confirmed.
The feature will go live for both UK and EEA customers with Dynamic Reward Points in June, following the completion of the required 30-day notice period to implement the updates.
External rates used previously (~$1) were unreliable for internal emissions at scale. On 20th February, rates were adjusted to align with internal utilities for greater fairness and sustainability. PLU earned before this date is not eligible for £/€10 utility redemption.
To manage risk during the beta rollout phase. This ensures controlled access and system stability while scaling.
To ensure a smooth and secure beta phase, the limit helps manage system growth ahead of tokenising in-app rewards (post-licensing), while maintaining accessibility for customers.
Self-sustained via revenue earned on other utilities hence the initial limit. Post licensing, Card top-ups will be possible with higher limits through planned DEX and B2B partners.
While licensing is still in progress, in-app PLU must be converted into Dynamic Rewards Points to be compliantly redeemed for card top-ups across all regions (UK & EEA). This ensures the reward system meets regulatory requirements and remains sustainable at scale.
Regulatory approval from both the FCA (UK) and MiCA (EEA) is required before rewards can be issued as on-chain tokens. Until then, they remain as internal reward points.
All eligible Reward Level stackers will receive an email with weighted voting.
Important Note: Voting eligibility is based on participation tiers within the Plutus rewards system. These tiers are designed to reflect platform engagement, not investment value or ownership rights. Neither PLU nor PLUS represents a financial instrument or security.
This proposal is conceptual and subject to feedback, regulatory clearance, and partner compliance. Implementation is expected in Q2 2025, pending a community vote intended solely to gather feedback and not confer any rights over business decisions. The focus is on enhancing tangible utility and accessibility, with no guarantees of monetary value implied for either in-app Dynamic Rewards or externally stacked PLU.
We invite all customers to review this proposal and help shape the future of the Plutus ecosystem.
For questions, support, or to join the discussion, head over to our Community Discord or reach out via AskPlutus — we're here to help!
Join our AMA with CEO and founder Danial and the team this Thursday at 18:00 UTC here >
.png)
.png)