Plutus is a decentralized payment application that allows users to make purchases with Bitcoin and Ether anywhere. Users are simply required to load the app with BTC or ETH and hold the phone over the card reader for the payment to complete.
Plutons are Ethereum-based tokens that can be earned as a reward for shopping with Plutus. Plutons will be available to convert on the Plutus exchange network, allowing users to make in-store purchases with zero fees on conversion.
Only 850,000 Plutons (PLU) were available for sale during the ICO, which represents 4.25% of the total supply of 20,000,000. Issuance for the remaining 95.75% will be limited and locked in rebate smart contract pool and NOT owned by Plutus.it, which means there will be a very low circulation from the initial distribution and a total of 20 million Plutons ever created.