Overview:
Plastic is creating 400 years problem that is 16 generations. 91% are not recycled ultimately affecting us and the environment. Plastic waste is everywhere, we are eating plastic, drinking plastics, breathing plastics. Every one minute more than 2 trillion plastic bottles are sold, half of them from Asia, and Indonesia ranked 2 below China's biggest polluter.
Today the term of the circular economy comes up every time. In the old linear economy, the product cycle is from the Manufacturing or create to use phase, and then at the end, the product will be disposed of as a Waste Material. But this old linear economy, harms the earth, not all we produce are Biodegradable. In a circular economy, product life is like a cycle. From the manufacturing process to use phase and then dispose of, we still can recycle and reuse it as many as it can. Policymakers around the world are looking to achieve a more circular economy, reducing the number of new resources needed to sustain the economy and minimize the waste produced.
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
What is PLAS Token?:
PLAS is the native token of the Plastic Finance ecosystem. PLAS is created to fund the Recycling projects and serves as a governance and ownership token to get protege dividends or profit-sharing from recycling and DeFi transactions, Internal Exchange spreads.
Plastic Finance will collect 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. In turn, Plastic Finance will distribute the fees and the profit-sharing as dividends to PLAS holders.
Plastic Finance Vision:
Using blockchain and DApps, we can streamline recycling business flow and empower the scavengers so they get better 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. The scavengers (the member of the cooperative) will sell their waste directly to the MRF
Disclaimer:
Any staker participate in staking BNB and receiving PLAS (PLASTIC TOKEN) products or services expressly acknowledges technical and market uncertaintes which are inherent in any business development project as presented in this White Paper (see below for risk factors) and that this project may therefore never come to fruition or may have to be abandoned, without the PLAS being used. In such a case, the staker expressly acknowledges and accepts that it will not be entitled to sue or bring any direct or indirect legal action before the courts, the arbitration bodies or any alternative dispute settlement body, either in Indonesia or abroad, against the Cooperative, its directors, shareholders, employees or subcontractors in the event of the non-performance, non-deployment or non-implemention of the project, even in cases where its PLAS have lost some or all of their value. PLAS is issued by smart contract and governed by smart contract, once smart contract is deployed it can not be changed. Although PLAS is born from cooperative business environment, there is no entity control it, we use to call DeFi is a DAO (DESENTRALIZED AUTONOMOUS ORGANIZATION). The team only design the SMART CONTRACT, but day to day technical operation is controlled automatically by algorithm written in SMART CONTRACT
Plastic Finance Mision:
We promote the circular economy by improving the recycling system.
Plastic Finance focuses on plastic recycling by increasing the productivity of waste pickers. We are not disrupting the value chain of waste; instead, we add value to the value chain to benefit all parties. Moreover, we support the tree replanting program to decarbonize CO2 pollution, further cementing our commitment to the circular economy.
We empower waste communities so that they have a higher social standing in society.
Plastic Finance aims to enable the waste communities. We focus on the activities that will increase their self - esteem, which improves their productivity and well - being.
We democratize access to ESG investing.
Our effort to enrich the recycling system and empower waste communities can be sustained and widened with the help of investment communities. With DApps and DeFi, we democratize access for everyone to take part in a global mission to recycle and empower
Solution:
Blockchain technology and stable coins can play an important role in streamlining funding plastic recycling industry, empowering the waste community, and becoming an ESG investment model.
we propose three pillars of solution:
promote transparency of waste prices through tokenization Economic and social empowerment for the waste community through DeFi Ensure the sustainability of this movement through security tokens and undertake this project as an ESG investment model Using smart contracts, we tokenize each type of plastic waste and create an internal exchange, so that everyone in the waste supply chain can have easy access to monetize plastic waste. Blockchain The technology provides more transparency on price formation and can be utilized as a tracer for better waste management.
Next, we create DeFi DApss so that waste can be pledged as an asset. deFi will enable scavengers and communities to gain access to funding to increase their productivity. Finally, governance tokens that also function as dividend tokens will ensure the sustainability of this circular economic model. by making this model an ESG investment, we can increase its potential for wider adoption worldwide.
Tokenomics:
PUBLIC SALES:
If the pre-sales target is below expectation, there is 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.
Fund Allocation:
ROADMAP:
Q3, 2020- Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1-2022
Q2-2022
Q3-2023
Q4-2023
Q1-2024
Team Info:
Useful links to the project:
https://plastic.finance/
https://linkedin.com/company/plastic-finance
https://twitter.com/plastic_finance
https://t.me/plasticfinance
https://www.facebook.com/Plastic-Finance-110471187905120
https://www.instagram.com/official_plasticfinance/
https://www.tiktok.com/@plastic.finance?
https://www.youtube.com/channel/UCxZvaGVdcOJ-_SnGaEn4kew
https://medium.com/@Plastic_Finance
https://plastic.finance/whitepaper.pdf
Author:
•Bitcointalk username: rojnimesh
•Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2860952
•BSC wallet: 0x0d459dBa518FD4f0D69E29c5fC2B7712caAfc1A
