PlusToken (PLUS): tokenomics, risks and score
A wallet application marketed across Asia promising high monthly returns, which collapsed in 2019 after taking an estimated two to three billion dollars.
What PlusToken is, and what it does
This asset has failed. It is recorded here so that a search returns what actually happened rather than promotional material that is still online.
What the PLUS token itself does: It captures no protocol revenue. Any value rests on governance rights, on speculation, or on a change that has not happened yet.
Where it runs: Discontinued. Mechanism: None. A wallet application with no protocol. It has been running since 2018, so roughly 8 years.
The facts
- TICKER
- PLUS
- SECTOR
- Failed and defunct
- CHAIN
- Discontinued
- LAUNCHED
- 2018, so around 8 years of operating history
- MECHANISM
- None. A wallet application with no protocol
- MAXIMUM SUPPLY
- Not meaningfully documented
- VALUE CAPTURE
- None
- UPGRADE CONTROL
- Single key
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
No fixed cap. Supply policy is set by governance and can change. The token captures no protocol revenue. Any value rests on governance rights, speculation, or future changes that have not happened yet.
A single key controls the contract. Whoever holds it can change the rules or move funds. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- None. This was a Ponzi scheme whose operators were convicted.
- Took an estimated two to three billion dollars from participants
- Operated as a Ponzi with a multi level referral structure
- Operators were arrested and convicted in China
- Liquidation of seized holdings suppressed market prices for months
Incident history
Collapsed after taking an estimated two to three billion dollars from participants across Asia. Chinese authorities arrested and convicted numerous operators.
The movement and liquidation of seized holdings was widely believed to have suppressed market prices for an extended period.
Our read
The main risk
This was a Ponzi scheme whose operators were convicted. There is nothing to buy.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.