PLU-USD · catalysts, narrative & risks

What PLU Is

PLU is the ticker for Pluton, a utility token on the Ethereum blockchain (ERC-20). The "-USD" in PLU-USD simply denotes the quote currency (Pluton priced in US dollars), not part of the asset's name [2]. Pluton powers Plutus, a decentralized payment application that lets users make purchases with Bitcoin and Ether by loading an app and holding the phone over a card reader [2]. Tokens are earned as shopping rewards and can be converted on the Plutus exchange network for in-store purchases at zero conversion fee [2]. Supply is fixed at 20 million PLU; only ~850,000 PLU (4.25%) were sold in the ICO, with the remaining ~95.75% locked in a rebate smart-contract pool [2].