Today we can announce one of our five exchange partnerships.
We recently revealed our plans to list Pluton (PLU) on several exchanges, as well as a series of micro-sales, in order to boost accessibility of the token. This is a programme coined the Pluton Liquidity Injection Programme (PLIP) which will help increase the trading volume of PLU across both our internal PlutusDEX and external markets.
Exchange Listing/Sale Schedule
BitMax.io (BTMX.com) has announced the listing of Pluton (PLU) under the trading pair of PLU/USDT on October 30th at 10:00 a.m. EDT.
About BitMax
- This is a centralised exchange established in 2018 with over one million monthly visitors.
- BitMax is home to over 144 coins with 203 trading pairs.
- The exchange has a daily trading volume of $400m.
- BitMax has achieved over 750,000 users across its two-year life-span.
- The core leadership team has 100+ years of Wall Street experience combined.
About the Listing
Trading Pairs
Initially, BitMax will offer PLU-USDT pairings only, and the team will look at expanding the number of PLU pairings at a later date.
Spot Rate
PLU will be listed on BitMax at the market spot rate for both makers and takers.
Available Countries
BitMax is accessible in ~200 countries worldwide.
Existing Staking Programme
Plutus has several money-saving features currently available:
Pluton Rewards
Every time a Premium/Pro user spends with their Plutus Debit Card, both online and in-store, they will earn 3% back in crypto (PLU). This applies to all merchants.
Plutus Perks
Staking PLU unlocks additional cashback rewards of over 15% at selected online retailers that we have formed affiliate partnerships with. This includes the likes of Amazon, Nike, Sky, Vodafone, and numerous other household brands.
BitMax Pre-Staking Programme
Reward Amount
In a joint venture, and for a limited time only, BitMax customers can stake PLU on the exchange’s wallet for additional rewards. Users will earn the equivalent of 22% rewards/annum on their staked PLU which will be awarded on a weekly basis. This compounds over time to reward long-term hodlers the most.
Staking Requirements
Customers must delegate a minimum of 25 PLU towards the staking feature and the PLU will be locked for a minimum of 21 days. Participants have the flexibility of unbonding (i.e. unlocking) their staked PLU at any time prior to the 21-day cooling period but will incur a small fee applied by BitMax for doing so.
Campaign Length
Oct 30, 10:00 a.m. EDT, 2020 — Jan 30, 9:00 a.m. EST, 2021
Additional Rewards
Those who meet both of the below thresholds are eligible for more rewards!
- Total staking > 1,000 PLU
- Staking period > 45 consecutive days
These hodlers will unlock a 6-month free Plutus Premium account alongside access to Plutus Perks, Pluton Rewards, and a free Plutus Debit Card. This applies only to participants in our supported countries.
BitMax USDT Trading Reward
Event Details
BitMax has also launched its own initiative to promote awareness of our newly listed token. For the first week of the listing (30 Oct — 6 Nov), the transaction fee for PLU/USDT trades is set at -1.5 bps (-0.015%) on all Maker order fills.
This effectively means that traders will earn a 0.015% USDT rebate on the executed notional as a reward. Transaction fees for Taker order fills will be as low as 0.035%. BitMax has set aside 25,000 USDT to be awarded to participants of this event.
Note: Pluton was designed to be an in-app utility token and is not here to be speculated upon. This is an initiative to create awareness of our service by a third party partner.
Campaign Length
Oct 30, 10:00 a.m. EDT, 2020 — Nov 6, 9:00 a.m. EST, 2020
More to Come
This is one out of five exchange partnerships to be announced. Stay tuned for our Tier 3 exchange partner reveal on November 6th and the arrival of a new Perk next week.
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If you are yet to try Plutus then you can sign up here. Cards are about to resume shipping.
FAQ
Is KYC required to open a BitMax account?
No, you are not required to pass KYC in order to convert PLU on BitMax.
How much rewards can I earn per month for staking Pluton (PLU) on BitMax?
Staking PLU will earn you the equivalent of 22% rewards per annum. As this is compounded weekly, the reward amounts closer to 24.55% per annum which you can then utilise on the app or for our Premium services.
Staking 100 PLU for the entirety of the year would result in a payout of 124.55 PLU. You can check this Compound Calculator to see how much you could earn.
