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Plentix : The Decentralized Referral & Reward Platform

raghav007(0)

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#cryptocurrency

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Social media is taking over marketing. 84% of consumers today believe in the recommendations of their colleagues, family, and friend when purchasing products and services. In a world influenced by online marketing and advertising, word-of-mouth preserves its power.

Studies show that referred customers are thought to be the most valuable because they bring longer-lasting relationships and have greater affinity for a certain product or brand. The end goal of a company is to target customers with high chances of bringing them quality referrals. However, there’s a continuous struggle to make the process work as traditional referral programs based on conventional rewards and programs have lost their efficiency.

Together with the increasing popularity of cryptocurrencies, the trendy tokenized economy paves the way to change the referral industry. Our daily lives are entrenched in the referral economy already as smartphones social media have led to the materialization of a new generation of consumers who embrace connectivity.

Plentix enters the scene with a business model aimed at disrupting online referral programs as we know them. The platform is a tokenized Blockchain-based project that targets users with the highest potential of referring others with a focus on a specific business entity. Plentix leverages APIs to perform industry-specific referrals, streamlining secure, trustless, and high valued exchanges.

As opposed to traditional referral programs, Plentix is automated and decentralized. The distributed Blockchain-based system offers smart contract automation paired with an innovative architecture for businesses to use a wide variety of integration options and plug into their POS and CRM systems. When customers and business connect, Plentix works to transfer and store value. The platform leverages its own utility token to make sure everybody wins.

How the System Works ?

So, how can you make use of Plentix to its most potential ability?

Refer a friend or family by using the provided feature from this platform. Even if they aren’t members of Plentix, they will get an invitation through text messages, emails, or social media.
Depending on the types of business they are referred to, they can get a discount code. Mind you that the discount code depends on the business’ policy. Let’s say that you know your brother needs a new lawnmower. By referring a lawnmower product from company A, he will get the discount code. If you refer him to company B, the code may be different with different offers too.
Your brother can use the code to buy the lawnmower. Be sure to read the terms and conditions so he knows when the discount code is applicable or when it expires.
You may get rewards in the form of the digital token or discount code. This commission reward, however, will only apply when your brother uses the discount code. If he doesn’t, then you will get nothing.

This practice is done to help users make a wiser and more careful purchase that has been recommended by other users. For users, it helps them make a better decision and saves them money.

For business, they don’t have to spend a lot of money to make general marketing. They can narrow down their marketing focus and target, and be sure to gain more satisfying gain.

Use of Tokens and Its Allocation :

Just like other platforms, Plentix is using ICO investment scheme to raise funds. They are planning to release around 100 million of PTN token but not all of them will be distributed in the system. In fact, the development team has made a special plan regarding token’s allocation.

Token Matrix :

Token Name : PTNs
Pre sale bonus : 30%
Pre sale amount : 3,000,000 USD
Crowd sale amount : 7,000,000 USD
Platform : Ethereum
Price 1 ETH = 10000 PTNs
Equity on offer : 60%
Hardcap : 10.000.000 USD
Payment : ETH

Token Distribution :

Token Sale - 50%
Advisors And Early Investors - 20%
Company Reserve - 15%
Community Development - 10%
Early Investors & Strategic Partners - 5%

Fund Distribution :

Product Dev & Maintenance - 30%
Business Growth & Dev - 25%
Marketing & Customer Dev - 15%
Reserve - 10%
Operations - 15%
Legal - 5%

Conclusion :

Plentix is a referral program platform that is aiming to revolutionize the whole referral business and create a tokenized economy. It will use the full potential of the referral domain as a new major ecosystem will be established. With Plentix the consumers will be able to refer to other consumers or businesses while the business will get the advantage from using the platform as it leverages the current referral APIs. As a result, both consumers and producers will benefit from Plentix services as all the referrals will be monetized. During the crowd sale the project will issue its PTN tokens of ERC-20 standard based on Ethereum blockchain platform.