Being the Environmental change with the legendary Plastic Finance

Wherever you go in this world, you will see wastage, plastic, polythene everywhere. But this makes our world a road to destruction. With this idea, Plastic Finance will create an app that scavengers can use to sell their waste to MRF, exchange it with cash or store it as an asset in the form of grind’s stable coin which can be collateralized in our DeFi platform. Plastic Finance will collect a 5% fee from plastic regrinds internal exchanger spread price and a 0.175% fee from saving withdrawal or loan payment transaction in the DeFi platform. All of these fees will be pooled in a wallet and using smart contracts, can be distributed regularly (quarterly or semi-annually). Moreover, Plastic Finance collects 60% of net profit yearly from cooperative recycling. In turn, Plastic Finance will distribute the fees and the profit-sharing as dividends to PLAS holders.

Blockchain and Waste management

Blockchains store data in a series of connected blocks, such that any change in one block is easily detectable by computing its cryptographic hash and comparing it with the hash stored in the following block. Any difference between the generated and stored hashes is evidence of a change in the first block. Furthermore, updating the hash stored in the second block is detectable by computing and comparing its hash with the one stored in the subsequent block. As a result, any change to a historical block requires all subsequent blocks to be updated. Distributed consensus algorithms such as proof of work, stake, or space ensure it is computationally or financially infeasible to do so. Unfortunately, because blockchain data is persistent, this also means fraudulent data that is entered into a block exists forever.

What exactly does the term "recycling" mean?

7.4 cubic yards of landfill space are saved for every ton of plastic recycled. Recycling plastic also reduces the amount of nonrenewable energy used in the plastic-making process because making new items from existing plastic requires far less energy than making plastics from raw materials. Recycling eliminates the need for raw material extraction (mining, quarrying, and logging), refining, and processing, which all pollute the air and water. Recycling saves energy while also lowering greenhouse gas emissions, assisting in the fight against climate change.

Fund Allocation

16% Community Development
20% Dapps R&D
54% Recycling Business
5% Legal & Regulatory
5% Partnership with other projects

Features

Every platform needs to have some key features that make the platform unique from others. So, here are some features that make Plastic Finance a unique platform.

Transparency: Plastic Finance can make garbage charges more visible and accessible to everyone using the tokenization technique.

DeFi: By employing several distinctive DeFi qualities, Plastic Finance can build an economic system that empowers all stakeholders.

Long-term viability: Plastic Finance can build an investment model that allows anybody to join and contribute, assuring the company's long-term survival.

IoT and Blockchain: We can decrease errors and enhance the efficiency and organization of the recycling process by integrating IoT and Blockchain.

Profit-sharing: All transactions in the Plastic Finance ecosystem will incur transaction fees, with token holders paying the following small fees.

Plastic Finance aspires to be a one-stop-shop for Dapps, internal exchangers, DeFi, and plastic grinds recycling. Indonesia is the world's second-largest source of plastic pollution, and as a part of the recycling supply chain, they have potential. By incorporating DeFi into a collaborative smartphone app, garbage collectors can easily exchange their plastic waste for cash. The waste collector has the option of converting their waste into cash or saving money by utilizing Binance Smart Contract technology via DeFi. If you want to save the planet, you must invest in this initiative.

Find More
Website: https://plastic.finance/
Linkedin: https://www.linkedin.com/company/plastic-finance
Twitter: https://twitter.com/plastic_finance
Whitepaper: https://plastic.finance/whitepaper.pdf
Telegram: https://t.me/plasticfinance
Facebook: https://www.facebook.com/plastic.finance/
Instagram: https://www.instagram.com/official_plasticfinance/
Tiktok: https://www.tiktok.com/@plastic.finance?
Youtube: https://www.youtube.com/channel/UCxZvaGVdcOJ-_SnGaEn4kew
Medium: https://medium.com/@Plastic_Finance

Authorship:
Bitcointalk Name: MoneyCryptor520
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2243921;sa=summary
Telegram: @shanimiriach
Bsc Wallet: 0x05d9386Ad9583acE0eb5d97517519Eab2EA19707