Plutus: Difference between revisions - Consumer_Action

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These sudden, unfair changes have sparked '''serious concerns about Plutus' legitimacy'''. Users argue that implementing fees without notice, changing cashback tiers overnight, and blocking withdrawals '''should be illegal'''. The lack of transparency has led many to believe that Plutus prioritises '''locking users into their ecosystem and forcing them into unfavorable conversions and fees''' rather than providing the benefits they originally promised.

In the beginning, Plutus actively promoted the use of '''PLU in external wallets and third-party exchanges''', encouraging users to hold, trade, and utilize their tokens outside the Plutus ecosystem. However, in a '''sudden and unannounced policy shift''', users who '''transferred PLU from their external wallet to an exchange''' found themselves '''classified as "misusing"''', their platform which resulted in '''penalties and restrictions on their accounts,''' aka blocking your account and giving no access to PLU. If you decide you want to close your account and have your Plu ~~send~~ to your external wallet, the plu held in the app will be forfeited.

In the beginning, Plutus actively promoted the use of '''PLU in external wallets and third-party exchanges''', encouraging users to hold, trade, and utilize their tokens outside the Plutus ecosystem. However, in a '''sudden and unannounced policy shift''', users who '''transferred PLU from their external wallet to an exchange''' found themselves '''classified as "misusing"''', their platform which resulted in '''penalties and restrictions on their accounts,''' aka blocking your account and giving no access to PLU. If you decide you want to close your account and have your Plu sent to your external wallet, the plu held in the app will be forfeited.

This move essentially '''punished users for engaging in normal crypto trading activities''', making them feel like criminals for absolute normal behaviours. contradicting Plutus’ earlier messaging about PLU being a freely tradable asset. Many users feel this was yet another tactic to '''trap PLU within the Plutus ecosystem''', limiting liquidity and forcing users into unfavorable redemption options with '''hidden fees and restrictions'''.

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 These sudden, unfair changes have sparked '''serious concerns about Plutus' legitimacy'''. Users argue that implementing fees without notice, changing cashback tiers overnight, and blocking withdrawals '''should be illegal'''. The lack of transparency has led many to believe that Plutus prioritises '''locking users into their ecosystem and forcing them into unfavorable conversions and fees''' rather than providing the benefits they originally promised.
-In the beginning, Plutus actively promoted the use of '''PLU in external wallets and third-party exchanges''', encouraging users to hold, trade, and utilize their tokens outside the Plutus ecosystem. However, in a '''sudden and unannounced policy shift''', users who '''transferred PLU from their external wallet to an exchange''' found themselves '''classified as "misusing"''', their platform which resulted in '''penalties and restrictions on their accounts,''' aka blocking your account and giving no access to PLU. If you decide you want to close your account and have your Plu send to your external wallet, the plu held in the app will be forfeited.
+In the beginning, Plutus actively promoted the use of '''PLU in external wallets and third-party exchanges''', encouraging users to hold, trade, and utilize their tokens outside the Plutus ecosystem. However, in a '''sudden and unannounced policy shift''', users who '''transferred PLU from their external wallet to an exchange''' found themselves '''classified as "misusing"''', their platform which resulted in '''penalties and restrictions on their accounts,''' aka blocking your account and giving no access to PLU. If you decide you want to close your account and have your Plu sent to your external wallet, the plu held in the app will be forfeited.
 This move essentially '''punished users for engaging in normal crypto trading activities''', making them feel like criminals for absolute normal behaviours. contradicting Plutus’ earlier messaging about PLU being a freely tradable asset. Many users feel this was yet another tactic to '''trap PLU within the Plutus ecosystem''', limiting liquidity and forcing users into unfavorable redemption options with '''hidden fees and restrictions'''.