Plastic Financing I Blockchain Startup in Plastic Waste Management
What is Plastic Finance? Plastic Finance is the first blockchain-based Plastic bank in Indonesia. Eradicate scavengers from poverty. Give access to bank loans to the poor through Defi. Plastic Finance will increase access to jobs, education, services and technology for many Indonesians. Also, help government to achieve Green planning or ecological based budgeting through soil conservation. Clean the environment while taking advantage of it at the same time.
The plastic finance offering an environment, social and governance is also called ESG the theme of investing using cryptocurrency and blockchain technology. 1 PLAS token at a public sale price is equivalent to 10 kg of carbon dioxide per year and approximately 6.4 tonnes of recycled plastic per year. Recycling Financing Plastics helps with carbon emissions as a number of benefits continue to go green for initiatives such as planting teak trees in areas that need decarbonization.
How the Platform Works
Plastic Finance works in two ways: empowering the waste community (such as scavengers, scavengers, etc.) and rewarding those involved in the network. Scavengers will be rewarded for their contributions, where they have the option to earn money in tokens or fiat (real) money. If they prefer crypto tokens, they can actually take part in the platform. They can use this platform to gain access to finance, and this is rare because the trash community is usually the unbanked. Well, with this platform, these unbanked people can finally enjoy financial access
PLAS Token PLAS is the native token of the Plastic Finance ecosystem. PLAS was created to fund the Recycling project and serves as a governance and ownership token for earning student dividends or profit sharing from recycling and DeFi transactions, Internal Exchange spreads.
Plastic Finance will collect a 5% fee from the price of the plastic internal exchanger spread, and a 0.175% fee from a savings withdrawal transaction or loan payment on the DeFi platform. All these fees will be collected in the wallet and using a smart contract, can be distributed regularly.
Plastic Finance collects 60% of its net profit annually from the cooperative's recycling business. In turn, Plastic Finance will distribute costs and profit sharing as dividends to PLAS holders.
PLAS Token PLAS is the native token of the Plastic Finance ecosystem. PLAS was created to fund the Recycling project and serves as a governance and ownership token for earning student dividends or profit sharing from recycling and DeFi transactions, Internal Exchange spreads.
Plastic Finance will collect a 5% fee from the price of the plastic internal exchanger spread, and a 0.175% fee from a savings withdrawal transaction or loan payment on the DeFi platform. All these fees will be collected in the wallet and using a smart contract, can be distributed regularly.
Plastic Finance collects 60% of its net profit annually from the cooperative's recycling business. In turn, Plastic Finance will distribute costs and profit sharing as dividends to PLAS holders.
The world is very polluted with waste and platforms that focus on such a thing are not many. If you want to contribute to a platform that can solve the waste problem while enjoying side (financial) benefits, then knowing where to start is a good idea. Plastics as a green environment focused platform has a solid plan and attractive management. Everyone can take part in an ecosystem where all positions are open and accessible. If you are in waste management and want to get an incentive, joining Plastik Finance would be the best choice.
If you are interested in this project, you can get more information at
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