Plutus, a UK-based crypto neobank targeted on on a regular basis funds, introduced that its PlusMore initiative has raised $2.3 million on the Base blockchain. This funding was associated to the launch of the PLUS Loyalty Rewards Token and concerned a number of distribution channels related to the Plutus ecosystem.
Plutus is a UK-based crypto neobank that gives cost providers. PlusMore is a Reward-as-a-Service product constructed for companions. Base is a layer 2 blockchain supported by Coinbase.
PLUS tokens are designed to offer on-chain utility, and Base has a minimal redemption quantity of $10 per token. Use circumstances embody cashback, reward playing cards from main manufacturers, accomplice reductions, and early entry to new Plutus options.
The preliminary funding plan included allocation by an exterior launchpad. Nevertheless, the PlusMore crew canceled that portion after violating vesting circumstances, which can have led to early token circulation. Following this resolution, $700,000 was raised by in-app gross sales. PLUS tokens are presently traded on Aerodrome DEX, a decentralized trade developed throughout the Base ecosystem.
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