Plentix

Plentix | Ecency

The Plentix platform is a tokenized platform that enables its users to refer other users to a business entity and enables business entities toleverage existing APIs for industry specific referrals and it also allows for safe, secure, trustless value exchange to take place. The advent of cryptocurrencies and the tokenized economy makes it possible to once again imagine the entire value chain of consumer, products, and producers from a referral perspective. Unlike other referral platforms, Plentix unleashes the potential of a new global ecosystem to monetize referrals for every stakeholder, from the producer to the consumer.

Tokenized Economy And Crypto Currencies

The Plentix platform is also a modular tokenized platform that aims to brings benefits to the customer, brands and businesses that sign up. As such, nobody stands to lose: the success of the platform is intimately connected to the success of its users, the growth of its token, and the value created by the ecosystem.
The referral marketing industry is estimated to be worth more than $11-billion dollars and it would be natural to see a number of projects in the market that have similarities to the Plentix platform.

For example, we see today that referralCoins is a cryptocurrency based network that aims to optimize the payment flow for marketing organizations by offering instant transaction processing. This in turn results in faster turnaround for order fulfillment and better overall customer experience. This ReferralCoins claims to have produced the first digital tokens designed specifically for the referral economy. It uses an open source software to support a decentralized network. Referral coins claims that those participating in supporting the network use the software to send and receive digital tokens using an open, public ledger to record those transactions. But, the platform is still at the launch stage as of October 2017 and is not operational, despite months of preparing for their ICO.

Many of the solutions in the market today rely on a custodian player (typically a large marketing agency) to control the software that defines the flow of referrals and their monetization. It is clear based on other failures observed in this space (e.g., wikets, refer.ly, circumrent) that establishing a profitable business model for the referral economy is highly challenging. Industry verticals appear to be differentiating factors for success or otherwise. An example that explains this is the referral economy and how it ventures in the real estate and legal industries because they tend to perform or do better than others.

Creating an integrated, seamless solution that covers business challenges and customer challenges across multi-faceted verticals which requires an understanding of the market, technology and referral space — all of which the Plentix platform offers.

There are many referral style marketing programs, rewards programs and agencies that help businesses (usually large businesses) create and operate referral programs. However, there are a number of challenges — from referral creation, to adherence, to ensuring safe and secure transactions — that represent key limitations to the existing methods. This platform believes that the blockchain allows its users to easily address a number of difficult questions for both the business and the referee — which, when answered will allow the referral economy to flourish and give the PTN token a tremendous value.

The Plentix Platform Provides New Options For Businesses

Plentix was created and designed to fill in the aforementioned gaps observed in the referral economy. Core to plenix value proposition is the notion of an investable and redeemable asset — a digital token. A digital token that can be shared, distributed, valued and revalued in accordance to market dynamics. The token does not remain at a fixed, pre-defined price — smart contracts on the Plentix blockchain will calculate a referrer’s transacting value and reward accordingly based on pre-established parameters.

The plentix platform also offers an incentive mechanism to not only reward referees but also referrers. It also allows businesses to have more control over the flow of transactions and make informed decisions on the value of commissions and discounts to offer — unlike other competitors in the market today. As opposed to creating a marketing platform, the intention of Plentix is to leverage trust and relationships. The idea is to have friends-referring-friends (FrF) sharing their experience about a product or service. This will essentially help to establish a vast network of incentivized micro-marketers working for your brand.

The Plentix ICO

To fund the development of the Plentix platform, an ICO (Initial Coin Offering) will be created for Plentix project tokens, hereafter referred to as the PTN. An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for funding. The team members of this platform see this as a transparent and well-respected way to raise funds in order to build Plentix. Development resources and capital will be needed for that.

Funds are planned to be made/implemented in an incremental fashion, starting with a pre-ICO event where selected potential investors will have the opportunity to invest early at a discounted rate. We will The main event will then be opened as well as the ICO, to the public where all the remaining PTNs will be sold.

THE PLENTIX TOKEN DISTRIBUTION

PLENTIX FUND DISTRIBUTION

Plentix’s core value proposition is centered on the development of a stable, scalable, reliable and distributed platform for the referral economy.

SUMMARY AND CONCLUSION

The Plentix is a one-stop innovative platform that disrupts the referral economy using state-of-the-art blockchain technology. It leverages new software architecture concepts such as configurable modules to enable developers to use Plentix’s open source API to design and launch their own admin panels to better manage referral campaigns which is the via blockchain technology. This platform also represents a tokenized economy entry. The Plentix’s tokens (PTN’s) are issued to its investors. These tokens can be redeemed and used on the Plentix platform to accelerate referral interactions. Businesses that are onboard the platform will have full visibility and traceability of their referrer’s journey and have access to a full suite of analytics to support them with future campaign planning.

The Plentix platform is also well positioned to bring new and fresh thinking in the referral economy and incentivized referrers, referees and business to work in sync for the benefit of the entire ecosystem.

The Plentix team looks forward to pursuing this venture with you and will be excited to have you support the endeavor.