Plastic Finance - Blockchain Startup in Plastic Waste Management

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 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.

RECYCLE REUSE and PROSPER
What is Plastic Finance?
Plastic finance offers an environment, social and governance also called E.S.G theme investing using cryptocurrency and blockchain technology. 1 PLAS token at public sale price equal to 10 kg per year carbon dioxide and approximately 6.4 tons per year of recycled plastic. By recycling Plastic Finance help carbon emission as some fixed amount of profit proceed to greenify initiative like planting teak trees in the need area of decarbonization.

Plastic Finance empowers plastic waste collectors through cooperative and DeFi by giving them financial inclusion and access to education. Every 50 tones per hour recycled, it takes 50 people in the supply chain. Plastic Finance aims to recycle 80,000 to 2,16,000 tonnes of plastic grinds per year by the end of 2023.

Blockchain technology and stable coins can play great roles in incentivizing every household and MRF to streamlines the funding of the plastic recycling industry. Using a smart contract, we can tokenize each type of plastic regrinds and pellets, create an internal exchanger, so people and industry can have easy access to monetize the plastic waste, plus blockchain gives more transparency to each plastic industry supply chain. In Addition, we can create a DeFi Dapps (decentralized finance, decentralized application) so the waste can be collateralized as assets.

Plastic Finance Vision

The Roles of Each Involved Part
Waste pickers collect the waste and then sell it to the Cooperative. From Cooperative, they sell it to MRF (Material Recovery Facility). MRF would sort and process the waste so they produce saleable waste forms before they can sell it (recycled waste) buyers. MRF and Cooperative form symbiotic relationship. MRF needs non-stop supplies, while the Cooperative requires (better) trading terms. That’s why Cooperative’s ownership in MRF displays the bond between the two.

However, the relationship can’t be maintained if there is no MRF from the first place. Huge capital investment is needed to create MRF, and this is done through PLAS, the security token from Plastik Finance. So, users in Plastik Finance can buy the security token (as a form of investment). In return, MRF should share its annual profits (around 60% of it) with Plastik Finance, and then the platform would distribute those profits to PLAS holders, by calling it dividends.

In the end, everyone is happy. Plastik Finance is happy to create a profitable platform where green conscious people can get together. Users of the platform are happy because they can invest while doing something for Mother Earth. The waste communities can get the fair reward, which is much better than the traditional system. And the world is happy because less waste is produced, which means that they are less affected and the Earth has become a cleaner place.

Plastik FInance Roadmap

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.

Tokenomics
Ticker : PLAS
Token type : BEP-20 MainNet
Token Address : 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A
Token Sale Address : 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB
Total Token Supply : 23,900,000 PLAS
Profit Sharing Scheme

Plastic Finance shares 10% of our dividend profit to greenify project per ton per day regrind recycle can be channeled for seed plant purchase 500-1280 teak trees, which amount to 10Kg of CO2 absorption per year per tree.

Plastic finance through its MRF takes the circular economy flow one step further by dedicating a fixed amount of tree planting (working with certified planters organization such as SINERGI FOUNDATION) program for each amount of plastic recycled so that the token holder will simultaneously address 3 problems at the same time namely plastic waste recycle, scavenger community & financial inclusivity and carbon-absorbing through tree planting

One tree can contribute to Co2 absorption of 10Kg per year, so the initiatives will contribute to the potential Decarbonization of 21.000-40.000 tons CO2 over 3 years of operation.

Token Sale
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
Conclusion
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.

Read More Here:
➡️Website: https://plastic.finance

➡️Official Twiter: @Plastic_Finance

➡️Whitepaper: https://plastic.finance/whitepaper.pdf

➡️Official Telegram: https://t.me/plasticfinance

➡️Facebook: https://www.facebook.com/plastic.finance/

➡️Linkedin: https://www.linkedin.com/company/plastic-finance

➡️Youtube: https://www.youtube.com/channel/UCxZvaGVdcOJ-_SnGaEn4kew

Author Details
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