For many years, countless developers are coming out with fantastic ideas to help the world be the special place that we are all hoping for. I have come across a lot of projects this year, and today I write about the best project called Plastic Finance.
We promote the circular economy by improving the plastic recycling system, empowering waste communities with the aim to elevate their standing in society, and also democratizing access to impact investing for a better world we are living in.
PLAS TOKEN SALES
We are proud to announce our private token sale, commencing right now. Investors will be selected on a merit-based approach, focusing on the strategic value they bring to Plastic Finance, and more importantly can resharpen Plastic Finance’s vision. We will benchmark investors based on; Crypto portfolio experiences, problem-solving stewardship, accesses to crypto exchangers, and platform onboarding.
MAIN OBJECTIVE OF PLAS TOKEN SALES
The main objective of our private token sale is to incorporate key stakeholders and community members of the DeFi & Circular Economy ecosystem that can help expand the Plastic Finance network in a meaningful way by forming a baseline for a healthy token economy.
Blockchain technology and stable coins play major roles in incentivizing that every household and MRF to streamline the funding of the plastic recycling industry. Using a smart contract, they can tokenize each type of plastic regrinds and pellets, creating an internal exchanger in other for people and the industry to have easy access to convert to the plastic waste. Moreover, Blockchain gives more transparency to each plastic industry supply chain. They can create a DeFi Dapps, so the waste can be collateralized as assets. Plastic waste that will be used as a benchmark for stable coins is polypropylene and High-Density.
Plastic Finance focuses on plastic recycling by increasing the productivity of waste pickers. The value chain of waste won’t be disrupted; instead, they add value to the value chain to benefit all parties. Also, they support the tree replanting program to decarbonize CO2 pollution, further cementing our commitment to the circular economy. They focus on the activities that will increase their self — esteem, which improves their productivity and well — being.
PLASTIC FINANCE VISION
Using blockchain and DApps, streamline recycling business flow and empower the scavengers, so they get excellent treatments for their hard work. The scavengers will form a cooperative to increase their bargaining power. The cooperative then will have some ownership in MRF by selling to them.
Scavengers can bargain better and standardized prices for their waste and also receive a certainty to be able to sell their waste. Meanwhile, the MRF also benefits from the continuity of waste supply from the scavengers. The bond between cooperative and MRF is established through the ownership of the cooperative in the MRF.
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 DeFi platform. Plastic Finance will then collect a 5% fee from plastic regrinds internal exchanger spread price, and 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 a smart contract, can be distributed regularly.
Plastic Finance collects 60% of net profit yearly from the cooperative recycling business and in turn, distribute the fees and the profit-sharing to PLAS holder. All scavengers will be boarded into cooperative, once boarded and they can use DeFi, to exchange their collected regrinds into Fiat or store it into DeFi as Saving or Collateral for fiat loan. Every 1 ton plastic regrinds process, involves 10 scavengers, so in 3 years target, 210.000 tons , which equals to 2.100.000 man-hour’s inclusion in DeFi. Hence, non-cooperative members can also invest and join in, Dapps can participate in Plastic Savings in DeFi for the long run without due diligence to improve Defi’s Liquidity pool.
According to Plastic Finance, the percentage of the Token distribution is properly taken care of with the Air taking the lowest of 1% and highest 31% to Angel Investor
If the pre-sales target is below expectation, there is the option to offer internal staking & DEFI at the same
time in Juni 2021.
Blockchain: BSC BEP-20
Governance token Ticker: PLAS
TOTAL SUPPLY: 23.900.000 PLAS
PUBLIC SALES TOTAL :2.000.000 PLAS @ USD1
EARLY CONTRIBUTORS: 7.300.000 PLAS locked up to 27 months
ACCREDITED INVESTOR SALES : 2.000.000 PLAS @ USD 0,375 minimum USD20.000,-
Pre-Sales: 2.000.000 PLAS@ USD 0,6
AIRDROP or Community Grant : 1000.000 PLAS
Hardcap Pre Sales + Accredited Sales = $1.950.000,-
Hardcap Public Sales Total = $ 2.000.000- (can be planned into IFO if pre sales and private sales succeed)
Total Hardcap : $ 3.950.000
PLAS price calculation is pegged to USD value
TOKEN GENERATING EVENT
Ticker : PLAS
Token type : BEP-20 MainNet
Token Address : 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A
Token Sale Address : 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB
Total Token Supply : 23,900,000 PLAS
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