Quantix Capital has announced plans to acquire $5 million of Pluton ($PLU), the tokenized loyalty reward powering the Plutus Card, a leader in Web3 and Fintech.
Plutus is redefining the rewards card industry with a groundbreaking model often compared to “American Express 3.0.” Users earn 3% back in Pluton (PLU) for a small monthly fee or up to 9% through stacking rewards in self-custody.
Founded in 2015, Plutus introduced the world’s first crypto rewards token, enabling users to earn crypto on everyday purchases. Today, with over 125,000 users, Plutus is one of the few startups from nearly a decade ago to have successfully created a real-world service.
The Plutus Card offers a bank-like app that integrates crypto rewards with European IBANs or UK Sort Codes, all linked to a personal, non-custodial wallet.
Jake Seltzer, Managing Director of Quantix Capital, expressed excitement about their recent PLU purchases and plans to acquire $5 million over the next year: “Plutus’s revamped tokenomics in their recent whitepaper align perfectly with our vision for sustainable growth and financial inclusivity. Their enhanced token model and strong community engagement position them as a formidable player in the rapidly evolving DeFi landscape.”
Audited by industry leading consulting firm Ernst & Young, Plutus’s latest whitepaper introduces a self-sustaining token model offering yields of up to 10%. Quantix Capital plans to leverage their PLU acquisition through staking, capitalising on these yields and the token’s future growth potential.
With a highly engaged community and over 125,000 paying customers, Plutus is well-positioned for significant upside, driven by its upcoming features. Its strong revenue model and self-sustaining tokenomics are further bolstered by listings on major exchanges like Coinbase, HTX, Bitfinex, and KuCoin, enhancing both liquidity and accessibility for PLU.
“Our plans to acquire $5 million of PLU, reflect our shared belief in DeFi’s potential to reshape traditional finance,” Seltzer added. “As Plutus continues to deliver, we remain committed to supporting innovative Web3 solutions that drive financial accessibility for mainstream customers.”