Pluton Rewards | Difficulty Adjustment

This year, Plutus exceeded all expectations. Whilst the rest of the market suffered one of the harshest bear markets to date, Plutus tripled its user base and PLU grew +80% in comparison to mega-cap tokens due to its utility. The tokenomics have performed well over the last 12 months and the following update will enhance this further, ensuring the long-term sustainability of PLU Rewards.

More details on the current tokenomics > The PLU requirements for each Reward Level will increase incrementally. This is similar to how the Bitcoin Halving is used to manage supply and demand. Once you have unlocked a Reward Level, it is grandfathered in and will no longer be subjected to future difficulty adjustments.

Important Note:Your PLU balance must still remain above the grandfathered requirements to keep that Reward Level. See FAQ at the end for more details. Note:The calendar has since been updated (please refer to the image at the top of this blog.

Starting in Q2 2023, the adjustments to the PLU requirements will occur frequently initially and become less frequent as time goes on. Whilst adjustments become less frequent over time, the increment sizes will increase over time. Based on internal data, this combination ensures the Reward Levels remain competitive and desirable throughout the growth stages of Plutus’ product lifecycle.

The above amendments will be supplemented with additional utility for PLU including more Perks options, PLU redeemable for paid features, metal cards, and more. Full details for this will be revealed in due course. Plutus is integrating more bank-like features in 2023, which will provide users more opportunities to earn PLU; as well as launching in the US which will accelerate customer growth and demand.

Reward Levels are a way of rewarding cardholders who own PLU. If you own sufficient PLU, then you unlock a Reward Level and additional benefits. This is the quantity of PLU you must earn to unlock a Reward Level.

This is an event whereby the PLU Requirements of Plutus’ Reward Levels increases. This is the amount of PLU you earned previously to unlock a Reward Level. If your total PLU balance meets the PLU requirements of a higher Reward Level, it is automatically unlocked.

Your total PLU balance is calculated by taking the sum of yourinternal earned balanceand any connectedexternal wallet balances. Read our Helpdesk article below for more details. How to unlock a Reward Level > As soon as you reach a Reward Level, it becomes “grandfathered” and is no longer subject to future difficulty adjustments.

See our grandfathered question further down for more details. You must reach the PLU requirements in time to unlock a Reward Level. Until a Reward Level is unlocked, you will be subjected to future difficulty adjustments.

Note:Whilst Hero is grandfathered in, Veteran, Legend, and GOAT will all continue to experience difficulty adjustments. The team will implement multiple safety measures to minimise the chances of this accidentally happening. However, as a non-custodial service, the users are responsible for handling their assets and remaining above the grandfathered requirements.

Yes. The same tokenomics and time-frames apply worldwide. Extensive research has gone into the new Reward Level requirements and the team is confident in the difficulty adjustment calendar’s increments.

We will continue to review the data and, if necessary, improve the model by amending the requirements. Plutus reserves the right to amend the Reward Levels to ensure that they remain competitive and desirable worldwide. The difficulty adjustment calendar will start on the 1st June (Q2 2023), however, all future difficulty adjustments (i.e.

Q3 onwards) will start on the first day of the quarter. The scheduled adjustments will end in 2025. Example — Hero Customers can upgrade their subscriptions to maximise the amount of PLU they can earn.

PLU can also be obtained from other users who earn them via rewards and swap them on the PlutusDEX. The difficulty adjustment increments and their frequency were designed to ensure the Reward Levels are desirable throughout the growth stages of Plutus’ product lifecycle, as well as remaining competitive whilst ensuring the longevity of thePluton Rewards Pool. Extensive research has gone into determining the optimal increments for increasing the longevity of the Pluton Rewards Programme.

The Reward Level increases are all proportional to one another (e.g. the requirements in the year 2025 are 4x the current requirements). This figure suits the projected user base and token supply in 2025.