Plentix ICO - Rewiev

SUMMARY

The referral economy is well entrenched in our lives. The explosive growth of social media, coupled with the dominance of mobile phones, has given rise to a new generation of consumers who embrace connectivity. Online interaction, such as referrals, has never been so easy and immediate .Historically, the marketing and communications industry flourished given the billions of dollars spent on business advertisements and promotion. In recent years, the marketing and communications industry unknowingly woke up to a massive opportunity for a simple and organic way to promote businesses. This self-help system allows people to leverage, their social network.The relationships that exist beyond core online social media is invaluable from a marketing standpoint. In an era when we tend to place more value and trust on the opinion of someone we know, 84% of consumers say they either completely or somewhat trust recommendations from family, colleagues or friends about products and services - referrals become a powerful tool.Furthermore, personal referrals through word-of-mouth are much more targeted in nature as the referrer acts as a filter to identify potential customers (as opposed to marketing broadly via high cost, established social media channels, like Facebook, which may not necessarily reach an actual buyer).There are many referral methods commonly used by customers. But the most frequently used ones are listed in the following graph:

Based on the graph can be known where, social media users have a very large part compared to users of other referral methods.

INTRODUCING PLENTIX

The advent of cryptocurrencies and the tokenized economy makes it possible to re-imagine the entire value chain of consumer, products, and producers from a referral perspective. We present Plentix, a tokenized platform that enables users to refer other users to a business entity and enables business entities to leverage existing APIs for industry specific referrals and allows for safe, secure, trustless value exchange to take place. 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.PLENTIX is a decentralized platform based on blockchain, which connects and rewards participating users quickly and efficiently.

WHAT PLENTIX OFFERS

As a platform, Plentix provides open-source APIs that businesses can use to build referral programs, giving them the flexibility to have their preferred features and tailor them to the nature of their business.
The reward options, amounts, time validity and the number of reward purchases the referrer receives from referee’s purchases can all be customized by businesses. The flexible, easy-to-use and low-cost (almost free) referral program available for businesses using Plentix gives them a perfect opportunity to dedicate a portion of their marketing budget to develop a very effective referral/reward program.Plentix also offers some basic, easy-to-use tools for businesses that don’t want or need to pay for programming, which will provide them with an admin panel and basic integration options. Plentix DApp will also create an ecosystem in which all participating businesses will share a common digital currency (the Plentix token, REFER).Plentix business will have two options to build an effective referral/reward campaign:

Plentix Platform: Create a stand-alone referral / reward program using open-source APIs.
Programmers can easily create a tailored referral campaign for the business using the API sets.
Plentix DApp / Ecosystem: Use Plentix DApp, participate in Plentix’s referral ecosystem and share a common digital currency with other businesses participating. Businesses will have various options to promote their brand in the ecosystem. Plentix DApp will also come with an API set. Businesses can choose to use the basic options or have a programmer tailor a referral scheme using those APIs. Developers can write modules for businesses to use on the DApp and be paid a programming fee per each transaction for the specific business.

We designed this platform to run using blockchain technology as the basis for our platform development. Because since it first appeared, blockchain comes with the offer of fast and secure online transactions and supports all types of data and cryptocurrency. With blockchain technology, the digitalization of coins has created the cryptocurrencies, which are decentralized, trustful, and free of intermediaries. Blockchain technology uses a system, where every transaction is recorded and can not be changed forever, so transactions can be maintained and reduce the possibility of data fraud. Blockchain is inherently resistant to the modification of the data involved. The blockchain is a public, distributed ledger of all transactions in a given system. It constantly grows as completed blocks (transactional information) are added to it. Thе data itѕеlf cannot be manipulated bу a ѕinglе person or grоuр оf раrtiеѕ since thе information iѕ encrypted. Thе еnсrурtiоn оf the trаnѕасtiоnѕ thuѕ саnnоt be falsified bу uѕ оr anyone else, mаking оur ICO аvаilаblе for all to see. These blocks are built in a linear and chronological order through cryptography. We have developed this platform for working with blockchain technology as the basis for developing our platform. Because from the first appearance, the block comes with the offer of fast and secure online transactions and supports all types of data and crypto-currency. With the help of the methods provided by the and blockchain, founders will be able to launch their ICOs, pre-ICOs, and other crowdfunding campaigns. The will provide the founders with many of the services and tools essential to successful launch of these types campaigns while ensuring security and credibility by the use of blockchain technologies. Blockchains enable data structures representing invoices to be deployed and to be tamper proof. This enables all participants of the ledger to view the state of the invoice with respect to time. Blockchain is a type of distributed ledger or decentralized database that keeps records of digital transactions. Rather than having a central administrator like a traditional database, a distributed ledger has a network of replicated databases, synchronized via the Internet and visible to anyone within the network. With disintermediation of services the blockchain has revolutionized all known financial conventions and pioneered new ways for fund raising through the tokenization of goods, products, and services . By using the blockchain for transactions, the costs will be minimal vis-a-vis current “middleman” models that include payment and currency conversion fees. With TechSpecs, all payments go directly to the seller in a single digital currency. Confidential information can be broadcast to specific peers with the proper permissions on the network to maintain complete confidentiality. Such a system is crucial when dealing with confidential access agreements between transacting parties. Besides that, with Blockchain technology we will be able to create a decentralized platform to help individuals or businesses to source for investors from all around the world.

As we can see in the diagram above, it can be concluded that 50% of tokens will be allocated to token sale, as much as 20% will be allocated to advisors and team members, 15% will be allocated to the company reserve, as much as 10% will be allocated to community development , 5% will be allocated to early investors and strategic partners.