Plastic Finance, a DeFi-based plastic bank has been launched in Indonesia.
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 WorksPlastic 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 party. Well, with this platform, these unbanked people can finally enjoy financial accessPLAS PLAS token 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 PLAS token 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.Tokenomics Ticker : PLAS Token Type : BEP-20 MainNet Token Address : 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A Token Sale Address : 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB Total PLAS Token Supply : 23,900,000Token Sales TOTAL SUPPLY: 23,900,000 PLAS PUBLIC SALES TOTAL :2,000,000 PLAS @ USD1 INITIAL CONTRIBUTORS: 7,300,000 PLAS locked for up to 27 months ACCREDITED INVESTOR SALES : 2,000,000 PLAS @ USD 0.375 minimum USD20,000 Pre-Sale: 2,000 .000 PLAS@ USD 0.6 AIRDROP or Community Grant: 1000.000 PLAS Hardcap Pre-Sale + Accredited Sale = $1.950.000Total Public Sales Hardcap = $2,000,000,- (can be planned to be IFO if pre-sale and private sale is successful) Total Hardcap: $3,950,000 PLAS price calculation pegged to USD valueFor more information Website: https://plastic.finance Official Twitter: @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-_SnGaEn4kewUsername belguso Link: https://bitcointalk.org/index.php?action=profile;u=2633296