PLIP Exchange Listing PLU :  BitMax

Today we can announce one of ourfive exchange partnerships. We recently revealed our plans to list Pluton (PLU) on several exchanges, as well as a series of micro-sales, in order to boost accessibility of the token. This is a programme coined thePluton Liquidity Injection Programme(PLIP) which will help increase the trading volume of PLU across both our internal PlutusDEX and external markets.

BitMax.io (BTMX.com) has announced the listing of Pluton (PLU) under the trading pair of PLU/USDT on October 30th at 10:00 a.m. EDT. Initially, BitMax will offer PLU-USDT pairings only, and the team will look at expanding the number of PLU pairings at a later date.

PLU will be listed on BitMax at the market spot rate for both makers and takers. BitMax is accessible in ~200 countries worldwide. Plutus has several money-saving features currently available: Every time a Premium/Pro user spends with their Plutus Debit Card, both online and in-store, they will earn 3% back in crypto (PLU).

This applies to all merchants. Staking PLU unlocks additional cashback rewards of over 15% at selected online retailers that we have formed affiliate partnerships with. This includes the likes of Amazon, Nike, Sky, Vodafone, and numerous other household brands.

In a joint venture, and for a limited time only, BitMax customers can stake PLU on the exchange’s wallet for additional rewards. Users will earn theequivalent of 22% rewards/annumon their staked PLU which will beawarded on a weekly basis. This compounds over time to reward long-term hodlers the most.

Customersmust delegate a minimum of 25 PLUtowards the staking feature and the PLU will belocked for a minimum of 21 days. Participants have the flexibility of unbonding (i.e. unlocking) their staked PLU at any time prior to the 21-day cooling period but will incur a small fee applied by BitMax for doing so.

Oct 30, 10:00 a.m. EDT, 2020 — Jan 30, 9:00 a.m. EST, 2021 Those who meet both of the below thresholds are eligible for more rewards!

These hodlers will unlock a 6-month free Plutus Premium account alongside access to Plutus Perks, Pluton Rewards, and a free Plutus Debit Card. This applies only to participants in oursupported countries. BitMax has also launched its own initiative to promote awareness of our newly listed token.

For the first week of the listing (30 Oct — 6 Nov), the transaction fee for PLU/USDT trades is set at -1.5 bps (-0.015%) on all Maker order fills. This effectively means that traders will earn a 0.015% USDT rebate on the executed notional as a reward. Transaction fees for Taker order fills will be as low as 0.035%.

BitMax has set aside25,000 USDT to be awarded to participants of this event. Note:Pluton was designed to be an in-app utility token and is not here to be speculated upon. This is an initiative to create awareness of our service by a third party partner.

Oct 30, 10:00 a.m. EDT, 2020 — Nov 6, 9:00 a.m. EST, 2020 This is one out of five exchange partnerships to be announced.

Stay tuned for our Tier 3 exchange partner reveal on November 6th and the arrival of a new Perk next week. Follow us onMediumto remain in-the-know about all Plutus-related announcements and join us onTwitterfor more content. To speak directly with our team, or to chat with other community members, follow us onDiscordorTelegram.

If you are yet to try Plutus then you can sign uphere. Cards are about to resume shipping. No, you are not required to pass KYC in order to convert PLU on BitMax.

Staking PLU will earn you the equivalent of 22% rewards per annum. As this is compounded weekly, the reward amounts closer to 24.55% per annum which you can then utilise on the app or for our Premium services. Staking 100 PLU for the entirety of the year would result in a payout of 124.55 PLU.

You can check thisCompound Calculatorto see how much you could earn.