Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Plutus [PLU] — Earn 3% Back in Crypto on Every Debit Card Payment
by
CryptoRobert
on 09/01/2021, 11:19:11 UTC
I've taken part to the plutus token sale, and as many other investors I've been convinced by your promise to rebuy the tokens at a 8$ price floor, as stated here:

https://medium.com/plutus/plip-exchange-listing-sale-schedule-2774e4af52b0

But AFTER the sale you changed the rules by introducing a 30$ daily swap limit, as stated here:

https://medium.com/plutus/important-update-plu-fiat-limits-f7c3bc5865b5

It could sound reasonable * to some extent * , but there is a little catch: exorbitant ETH gas fees make it in the practice impossible to change a little amount as 30$ without actually losing money.
As a result I cannot take advantage of the 8$ price floor guarantee. I don't really care for the few hundred bucks difference it would make it in my case, but by principle I don't like such a trick in an otherwise great project.