Turning 50€ of monthly spendings into a monthly crypto DCA with the Plutus Crypto Card
WHAT IS PLUTUS
PLUTUS is a project on the Ethereum Blockchain that offers a non custodial platform with a crypto card. Due to its non custodial nature you run no risk of losing funds and are in full control of your holdings at all times, no lock ups and no trickery. You connect your account to Metamask and thats it, easy. I personally connected via Metamask with my Ledger.
Before i delve into the Rewards i thought a DD is of order. My opinion is very biased im a holder as well as a believer of this project.
MarketCap: The low market cap is a double edged sword. A project of this low MC has a high risk ratio but at the same time this means high reward once the project succeeds.
Long Term Survival: With rewards 2.0 PLUTUS as a project and company will be having a monthly revenue stream that is sustainable. The tokenomics of PLUTUS have been developed with the usecase in mind and a long term outlook.
Non Custodial: Hodl your PLU safely on your own wallet of choice. This also means that if the code of PLUTUS has a bug and is hackable your own funds are safe and the impact on the project will be minimised (price wise) as staking does not take place in a centralised manner.
Availability: The product (crypto card) is only available in Europe and the UK at the moment. During a recent AMA there were talks about expansions into South America next and the rest of the world.
User Interface: PLUTUS has both a desktop version and an App. I use both, but i find the desktop version a bit messy, as in you sometimes have to look quite some time to find something. On the app it is much simpler and the UI is improved.
The new Rewards are a fantastic way to DCA money that you would otherwise just spend and never see again. Let me explain.
When utilizing this programme you get 20 perks to choose from:
10€ Rebate per month (or rebate in the base subscription fee) for any of the following :
With subscription alone you can reach the following maximum earnings per category:
1)Starter, 3% cashback on up to 250€/mo spend so 7.5€ a month cashback & 1 perk of choice.
Max earnings 17.5€
2) Everyday, 3% on up to 2000€/mo so 60€ a month cashback & 2 perks of choice.
Max earnings 80€
3) Premium, 3% on up to 22,500€ so 675€ a month cashback. 3 perks of choice.
Max earning 750€
Furthermore we have Staking requirements, this is optional
So how do i make more than 50€ a month in cashbacks?
Currently im getting cashback from Netflix, my go to supermarkets Aldi and Lidl as well as justeats where i order food once or twice a month.
I havent changed my habits i simply added PLUTUS to my life, with an “everyday” subscription and the initial staking level called “ Hero” .
Now i automatically DCA between 40€ a month due to the 4 perks and my cashbacks can go up to 80€ if i spend the full amount of 2000€
Certainly 50€ a month is retrieved from thin air per month and automatically invested.
Using the following referall rewards you 10€ bonus as long as you activate your Plutus Card and make a card payment within 30 days. https://dex.plutus.it/auth/referee/signup?refId=qYvx0X
Here are some links to start you of on DYOR:
Platform, most likely you need an account to view the full UI
Card use fees (visa) and Dex fees, the card fee has been removed and as for PLU withdrawal fees it will be reduced but was raised due to ETH gas prices.