What is Plutus crypto debit card and how has PLU token fared?

May 02, 2022 05:11 PM AEST | By Ankit Sethi

What is Plutus crypto debit card and how has PLU token fared? — Image source: Source: Pixabay.com

What is Plutus cryptocurrency project?

The project is offering debit card services to users, with an added feature of crypto rewards, according to the official website. At the bottom of the website, it is mentioned that Block Code Ltd, the company that operates Plutus, is registered in England and Wales.

That said, the key highlight appears its Visa debit card, which if used by the spender can generate PLU crypto in return. The project is also stressing that it enables earning cryptos as rewards, instead of having to buy these assets over an exchange. It is claimed that users can deposit either GBP or EUR in the card to kickstart spending.

Also read: Explained: How many types of cryptos are there?

Plutus claims a minimum of three percent crypto rewards can be earned on spending. Staking the earned cryptocurrency can enable more rewards. The project is said to also offer decentralized exchange (DEX) services where a user can swap cryptos for fiat currency. Plutus DEX, the website mentions, facilitates crypto trading among members at no fee.

PLU crypto

CoinMarketCap has listed PLU token as Pluton. The market cap of nearly US$15 million is quite less as compared with assets like BTC and SHIB, but still, PLU token is listed among top 1,000 assets.

Also read: Is Gala Games different from others? How has Gala crypto fared?

A sharp rally in Pluton crypto was noticed in late January with price skyrocketing from under US$7 to over US$18. As of writing, Plutus crypto was trading at nearly US$8. The price and trading volume of PLU had gained in the last 24 hours.

Data provided by CoinMarketCap.com

Bottom line

Plutus claims to offer a debit card that can earn crypto rewards for spenders. The market cap of its native PLU token is very low. Plutus crypto has yet to enter the top 100 or top 500 list of assets. Though PLU token was trading at a positive YTD at the time of writing, the price has manifested fluctuations in 2022. This makes PLU token price prediction not only very difficult but also quite speculative.

Also read: What is Zhaka cryptocurrency all about and is it safe?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.