Plutus, the creator of the tokenized rewards system and a pioneer in the tokenization of real-world assets, has achieved several important milestones, including the final reconciliation. This event marks a significant step forward in their initiative to provide transparent and effective rewards software.
History of Tokenized Rewards
Founded in 2015, Plutus was the first to introduce the concept of tokenized rewards, setting the course for the development of similar practices in the market. The company’s founder, Danial Daychopan, introduced the term 'DEX' in a 2015 paper, providing the foundations for their system.
Final Reconciliation and Achievements
During the final reconciliation period from July 2024 to April 2025, Plutus cardholders collectively spent approximately $190 million, yielding $13.78 million in savings through PLU rewards. The total amount of funds involved in the system reached $811 million since its inception.
Plans for PLU Token Burn
Plans are set to burn 2,478,822.91 PLU from the original rewards program, reducing the total supply of PLU tokens from 20 million to 17 million by July 20, 2025. This step emphasizes Plutus’ commitment to creating a sustainable and efficient rewards mechanism.
Plutus showcases significant results and alongside its plans for token burn clearly defines its direction in the fintech market, providing users with stable and transparent savings systems.
