Ins and Outs of Plastic Finance – A Blockchain Start-up in Plastic Waste Management

block.chain22 (7)in #plasticfinance • 3 years ago

Plastic Finance, a visionary circular economy token built to recycle, greenify, and socially empower through DeFI and Dapps outright implemented on ESG (Environmental, Social and Governance) frameworks. Plastic Finance aims to enable the waste communities. They focus on activities that will increase their self-esteem, which improves their productivity and well-being. Undoubtedly this platform is very multifunctional with unique traits, so hurry up and join this amazing project.

Impact of Plastic on Environment

Plastic pollution has to turn out to be probably the most pressing environmental issue, as quickly increasing production associated with disposable plastic items overwhelms the planet's capability to handle all of them. Plastic pollution will be most obvious within developing Asian plus African nations, exactly where garbage collection techniques are often ineffective or non-existent.

Plastic materials have been taken by land-based creatures, including elephants, hyenas, zebras, tigers, camels, cattle, and some other large mammals, sometimes creating death. Assessments have also verified liver and cellular damage and interruptions to reproductive techniques, prompting some varieties, such as oysters, to create fewer ovum. New research displays that larval seafood is eating nanofibers in the 1st days of existence, raising new queries concerning the effects of plastics on seafood populations.

Solutions of Plastic Finance on Blockchain

Plastic Finance, with its simple concept, fits into Environment, Social, and Governance investing theme. Even though there is still no token E.S.G scoring method like the one in the stock market, this project answers the plastic waste problem, which contributes to fixing plastic pollutions (The E factor), creating financial inclusion through DeFi and Cooperative (the S factor). All the processes will be open and transparent using blockchain (the G factor). Thus, the team is committed to being E.S.G compliant.

Blockchain technology and stable coins can play significant roles in incentivizing every household and MRF to streamline the funding of the plastic recycling industry. Using smart contracts, Plastic Finance can tokenize each type of plastic regrinds and pellets and create an internal exchanger, so people and industry can have easy four access to monetize the plastic waste, plus blockchain gives more transparency to each plastic industry supply chain. In Addition, they can create DeFi Dapps (decentralized finance, decentralized application) so the waste can be collateralized as assets. Plastic waste used as a benchmark for stable coins is polypropylene and High-Density Polyethylene because this type of plastic waste is the most widely used consumer goods by the community.

Unique Services of Plastic Finance

Former bankers, ex capital market players, a plastic recycle entrepreneur and prominent programmers from Bandung, Medan and Surabaya in Indonesia have been joining to build a DeFi (decentralized Finance) based apps that offer plastic grinds exchanger, plastic loans & saving bank, and plastic recycle based stable coins indexes. Plastic Finance knows that such an effort to clean plastic waste in the 2nd most plastic polluted nation, using digital mobile apps and digital payment, has started in the last four years.

Plastic Finance's Token Distribution

Airdrop 1%

LP provision 5%

Community Development 6%

R&D Dapps 8%

Advisor 6%

Team 19%

Angel Investor 31%

Private sales 8%

Pre-sales 8%

Public Sales 8%

Plastic Finance's effort to enrich the recycling system and empower waste communities can be sustained and widened with the help of investment communities. With DApps and DeFi, Plastic Finance democratizes access for everyone to take part in a global mission to recycle and empower. Plastic Finance has great potential in Decentralized Finance, which has many more opportunities to expand in the future, and it will grow along with its customers. So, buckle up and invest in the best reward-giving platform Plastic Finance with numerous unique services.

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