Plastic Finance I Blockchain Startup in Plastic Waste Management

shuvenkar (38)in #plastic • 3 years ago

Blockchain technology and cryptocurrency have proven to be effective solution to the challenges and limitation of traditional finance system. Cryptocurrencies are powered by blockchain technology which is decentralized; no central governing bodies, which mean individuals have control over their assets unlike in the traditional system where central authorities control the whole process. With cryptocurrency, no intermediary is involved in transactions; transactions are fast and secured, lower transactions fees, and no limit or restriction to cross-border payments.

Every day you probably use many products for your various needs, such as detergents, bottled drinks, snacks, or others. On average, these products use plastic packaging which is cheaper and more durable. But did you know that plastic is one of the many problems we face today? Plastic is a problem because this product cannot decompose for hundreds of years, if left unchecked, plastic will continue to accumulate which will cause problems for the environment.

Seeing this problem, some young people are moved to present a platform that will support plastic recycling through cryptocurrency. This is Plastic Finance, a platform focused on plastic recycling. What Plastic Finance is doing is more about increasing the productivity of waste pickers, a platform that will benefit all parties involved. And to simultaneously keep the earth better, Plastic Finance also supports a tree replanting program in the region.

About Plastic finance :

Plastic Finance is Indonesia’s first blockchain-based Plastic bank. Alleviate garbage collectors from poverty. Give bank loan access to poors through Defi. Plastic Finance will improve access to employment, education, services, and technology for many Indonesians. Also, help the government to achieve Green planning or ecology-based budgeting through soil preservation. Clean the environment while profiting from it at the same time.

Plastic finance offers an environment, social and governance also called E.S.G theme investing using cryptocurrency and blockchain technology. 1 PLAS token at public sale price equal to 10 kg per year carbon dioxide and approximately 6.4 tons per year of recycled plastic. By recycling Plastic Finance help carbon emission as some fixed amount of profit proceed to greenify initiative like planting teak trees in the need area of decarbonization.

Plastic Finance empowers plastic waste collectors through cooperative and DeFi by giving them financial inclusion and access to education. Every 50 tones per hour recycled, it takes 50 people in the supply chain. Plastic Finance aims to recycle 80,000 to 2,16,000 tonnes of plastic grinds per year by the end of 2023.

Blockchain technology and stable coins can play great roles in incentivizing every household and MRF to streamlines the funding of the plastic recycling industry. Using a smart contract, we can tokenize each type of plastic regrinds and pellets, create an internal exchanger, so people and industry can have easy access to monetize the plastic waste, plus blockchain gives more transparency to each plastic industry supply chain. In Addition, we can create a DeFi Dapps (decentralized finance, decentralized application) so the waste can be collateralized as assets.

Plastic Finance Features :

Plastic Finance is a platform that focuses on plastic recycling systems. By using a circular economy approach, which benefits all parties, especially the waste pickers, Plastic Finance wants to present a platform that will empower waste communities, making them more prosperous and have a higher social status in society. But it doesn't stop at recycling, Plastic Finance also supports tree replanting programs in the area to reduce carbon dioxide pollution. But that's not all, there are several other features of Plastic Finance:

Transparency: By utilizing the tokenization system, it is easier for Plastic Finance to be able to make waste prices more transparent and accessible to everyone.

DeFi: Through various innovative DeFi features, it allows Plastic Finance to be able to create an economic system that can empower all participants involved.

Sustainability: By launching a native token, Plastic Finance can provide an investment model that allows anyone to join in and invest, which will maintain the sustainability of Plastic Finance.

IoT and Blockchain: By leveraging IoT and Blockchain, we can minimize errors and make the recycling process more efficient and organized.

Profit-sharing: All transactions in the Plastic Finance ecosystem will be subject to transaction fees, later small fees from transactions will be distributed to token holders.

Plastic Finance Vision :

Using blockchain and DApps, Plastic Finance can streamline recycling business flow and empower the scavengers so they get better treatments for their hard work. 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.

Tokenomics:

● Ticker: PLAS

● Token type: BEP-20 MainNet

● Token Address: 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A

● Token Sale Address: 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB

● Total Token Supply: 23,900,000 PLAS

Plastic Finance's Token Distribution:

Airdrop 1%
LP provision 5%
Community Development 6%
R&D Dapps 8%
Advisor 6%
Team 19%
Angel Investor 31%
Private sales 8%
Pre-sales 8%
Public Sales 8%

Conclusion :

My opinion, Plastic Finance is something new in crypto world. I must say that we should join this revolutionary project with various features and solutions provided by this project. This is user-friendly platform that increases the profitability and is easy to use even for non-technical users. So it is hoped that their will be more people who can feel the benefits of crypto.

For important information about this project see the link below:

Website: https://plastic.finance/

Linkedin: https://www.linkedin.com/company/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

Twitter: https://twitter.com/plastic_finance

Whitepaper: https://plastic.finance/whitepaper.pdf

Telegram: https://t.me/plasticfinance

Facebook: https://www.facebook.com/plastic.finance/

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