Plutus - 2020 Overview, 2021 In View

The year 2020 has been amazing for the cryptocurrency sphere. We’ve experienced another Bitcoin halving, the DeFi craze, Bitcoin hitting a new ATH, increased institutional interest in the crypto space, and so much more. 2020 is definitely going down in history as a remarkable year for the blockchain and cryptocurrency sphere.

In line with this, London-based crypto fintech firm Plutus has released an overview of its activities in 2020. The report also contains important updates users should expect in 2021.

2020 Milestones

The crypto fintech platform, in a recent blog post, outlined several of its remarkable achievements in 2020. They include:

  • Better awareness

As compared to previous years, more and more people are now aware of Plutus and its myriad of features. Among which is the PlutusDEX platform and the Plutus app. According to the blog post, traffic on the Plutus website by Q4 of 2020 increased by an estimated 749% as compared to the previous year. Click rates also increased by a whopping 1,160%. Interestingly, an estimated 26,000 new accounts were opened on Plutus. Hopefully, at the end of 2021, the fintech platform will record an iconic total of 150,000 users.

  • Improved products and rewards

Plutus launched several remarkable features, products, and updates in 2020, like the launch of its PlutusDEX platform on mobile. This is a rare feature as most DEX platforms available today do not have apps that are compatible with mobile phones. Plutus remarkably designed the first-ever crypto-fiat DEX platform and then incorporated this in a mobile app. Subsequently, making it possible for users to carry out transactions and swap assets seamlessly. Notably, over $2.75 million has been traded on PlutusDEX mobile.

In 2020, Pluton rewards also became a reality. Premium users have been receiving 3% (crypto) on every Plutus Card purchase. 1.85 million PLU tokens, out of the total of 20 million PLU tokens available for Proton rewards, are already in circulation.

Another exciting feature launched in 2020 is Plutus Perks. This feature provides stakers with more rewards on their stakings. These rewards may reach as high as 15%.

  • Operational Updates

This includes features like the PlutusDEX sale and the Pluton Liquidity Injection Programme (PLIP). The PLIP helped increase awareness for the Plutus app, which is a major focus for the crypto fintech platform.

  • Strategic Listings

The crypto fintech platform is ending this year with several strategic partnerships. PLU token is now supported by top exchanges like Bitfinex, BitMax, KuCoin, and more.

Plutus 2021 In View

While 2020 was a remarkable year, it is time to look forward to 2021. Plutus, in its blog post, has encouraged users to expect tremendous updates in the upcoming year. The crypto fintech platform further confirms this on Twitter.

  • Pluton Liquidity Injection Programme (PLIP)

First on the list is the PLIP, which is set to be concluded on January 11, 2021.

  • Foray into international locations

Plutus plans to extend its reach into Asia and Latin America. The fintech platform hopes to become a stronghold in these regions, and 2021 is the year to achieve this.

  • Banking license

The crypto fintech platform also hopes to obtain a banking license in 2021. To achieve this, it would need to overcome a multitude of legal and bureaucratic hurdles.

  • Plutus 3.0

Though still under construction, Plutus 3.0 is one of the mind-blowing updates users should expect early in 2021. It would feature a revamp of the Plutus app. It would also include the launch of the Bitcoin-Fiat DEX, Plutus wallet extension, altcoin accessibility, and PlutusDEX Pool and Earn amongst several other updates.

  • PlutusDEX Participation Bonus Reward

Everyone who participated in the PlutusDEX token sale is eligible to receive 3% of the 100,000 PLU tokens sold in October. Early supporters of Plutus will furthermore receive double of all their earnings gotten via Pluton Rewards.

More upcoming listings and strategic partnerships should be expected in 2021.

Interestingly, the London-based fintech platform announced 15% crypto rewards on all purchases of iPhone 12 model products.

PLU Price

At the time of publication, PLU was trading at $5.44 with a market cap of $10,193,914 and a 24-hour trading volume of $589,745.

Find out more about the crypto space on the Altcoin Buzz YouTube channel.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.