Plutus Bi-Monthly Report — DEX Version 2.0 (Aug 2/2)
Welcome back to our bi-monthly report, the team has made some monumental progress over the last few weeks and this will be one of the last reports we release before entering the go-live window.
Pinned Announcements
- Access to features is available to team accounts and members of our Pilot Programme.
- The aim of the Pilot is to gather feedback from our community in order to provide an improved platform for the wider audience.
- Our site and a new app will be available to the wider public once the pilot ends, unveiling our new live features.
Development Update
DEX Version 2.0
Over the last fortnight, the team has successfully deployed DEX Version 2.0 to production, tested it internally, and released it to our pilot programme users. We are currently taking live feedback from our dedicated test users to smoothen out any remaining minor bugs.
The update includes ETH and PLU trading pairs using MetaMask for an incredibly simple user experience. The tech team has also encompassed crypto transaction monitoring so users can track both their fiat and crypto transaction history on the web application.
Both Plutus web and mobile is almost ready for public rollout. Over the next few weeks, we will be going through our final compliance audits with our banking partner to assess if our product meets all the necessary compliance and feature requirements. Plutus is fully ready and the devs hard work is soon to be appreciated by the wider crypto community.
Mobile App
To help integrate the Plutus Debit Card into more users’ payment flows, we are pleased to let you know that our card will be available on two popular mobile payment platforms (i.e. Google Pay and Samsung Pay). This will empower users to unleash their cryptocurrencies true potential and make everyday purchases on watches, tablets, and more tech devices.
Marketing Update
Website Design
The design team has created the first drafts of two sub-pages for our corporate website. This includes an ‘About us’ page which summarises our services and values for new visitors, and a ‘Card’ page which goes into detail on what is unique about our debit cards.
Card Arrival
The first batch of slick Plutus Debit Cards arrived at the warehouse and the team got to see the physical cards in the flesh for the first time. This marks a monumental milestone in the development of Plutus; from concept, to design, to a fully functioning Plutus Debit Card tied to a seamless backend banking system.
Zage Blockchain Report
Plutus and our Head of Marketing, Peter Panayi, featured in Zage Blockchain Report last week, sharing his thoughts on Real World Applications of Blockchain Technology. You can read more on his educated insights here.
Fact: In 2017, ICO’s raised a little more than $10Bn. 2018 saw a slight increase totalling $11.4Bn. According to the website DeadCoins, more than 1735 coins have been reported as deceased, hacked, parodies, or scams.
Plutus remains one of the few startups who were funded via a token sale with a very conservative budget of circa. $1M. Unlike alternatives start-ups, Plutus strives for longevity by vigilantly monitoring burn rate and budget allocation.
Social Reminder
As always, we would like to remind you of our various social media platforms. Our Medium page is the best place to stay up to date with company announcements; we have reached an exciting period of development and you can expect plenty of major updates in the coming weeks. Join us here.
Our Discord channel is a great place to get in direct contact with the team or community. You can find answers to FAQs, receive customer service help with our products, or hear the latest on our bounties/giveaways on this channel. If you have any questions, make sure you reach out to our staff here.
We also stay active across a range of other social media channels. If you want to stay as informed as possible on Plutus, make sure you follow us across these.
About Plutus
Plutus is a non-custodial finance application that incorporates digital currencies, this is a revolutionary development that has never been achieved before.
There are five elements that make Plutus 2.0 the ultimate finance app. You can…
- Access and manage your fiat
- Access and manage your crypto from the same interface
- Freely and securely exchange between the two asset types
- Spend anywhere via a Plutus Debit Card
- Earn blockchain-based tokens in the process
Users will be able to deposit GBP/EUR directly into their very own Plutus Current Account. We are also integrating a very well-known 3rd party decentralised wallet provider so you can access your cryptocurrencies from the same user interface. The ability to manage both asset types from a single app brings much-needed convenience and simplicity to a tech-heavy sector.
We are also integrating our PlutusDEX into the mobile app so users can buy and sell cryptocurrencies seamlessly without the security concerns. Plutus is non-custodial on the crypto side which means the users are always in complete control of their funds; any company hacks or downtime will have no impact on the users’ digital currencies.
Users will be able to spend at over 400 million merchants, online and in-store, using a Plutus Debit Card. The integrated exchange means users can seamlessly convert the amount of crypto necessary for a payment into their native currency and spend in-store.
Those who deposit funds (fiat or crypto) to their card balance and spend will receive up to 3% back in the form of Pluton (PLU). PLU can be sent to friends on the blockchain, converted to cash using our services and more. Rewarding users for everyday shopping on a debit card will inadvertently introduce regular consumers into the cryptocurrency ecosystem and encourage mass adoption.
