Overview: Plastic created a problem 400 years i.e. 16 generations. 91% not recycled ultimately affects us and the environment. Plastic waste is everywhere, we eat plastic, drink plastic, breathe plastic. Every minute more than 2 trillion plastic bottles are sold, half of them from Asia, and Indonesia ranks 2nd under the biggest polluter China. Currently the term circular economy appears all the time. In the old linear economy, the product cycle was from Manufacturing or create to use phase, and then in the end, the product would be disposed of as Waste Material. But this old linear economy, destroying the earth, not everything we produce is biodegradable. In a circular economy, product life is like a cycle. From manufacturing to use and disposal, we can still recycle and reuse as much as possible. Policymakers around the world want to achieve a more circular economy, reducing the amount of new resources needed to sustain economies and minimizing waste generated. 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 the government to achieve Green planning or ecological based budgeting through soil conservation. Clean the environment while profiting from it at the same time
What is the PLAS Token?: PLAS is the native token of the Plastic Financing ecosystem. PLAS was created to fund the Recycling project and serves as a governance and ownership token to earn 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.
Plastic Finance Vision: Using blockchain and DApps, we can streamline the recycling business flow and empower scavengers so they get better care for their hard work. The scavengers will form cooperatives to increase their bargaining power. The cooperative will then have several holdings in the MRF. Scavengers (cooperative members) will sell their waste directly to MRF
Rejection: Each stakeholder who participates in staking BNB and receiving PLAS (PLASTIC TOKEN) products or services expressly acknowledges the technical and market uncertainties inherent in any business development project as presented in this White Paper (see below for risk factors) and therefore Therefore this project may never come to fruition or may have to be abandoned, without using PLAS. In such case, the staker expressly acknowledges and accepts that he has no right to sue or bring legal action directly or indirectly to a court, arbitration body or alternative dispute resolution body, both in Indonesia and abroad, against the Cooperative. , directors, shareholders, employees or their subcontractors if the project is not implemented, is not implemented, or not implemented, even in cases where the PLAS has lost some or all of its value. PLAS is issued by smart contract and governed by smart contract, once the smart contract is implemented, it cannot be changed. Although PLAS was born from a cooperative business environment, there is no entity controlling it, we used to call DeFi a DAO (DECENTRALIZED AUTONOMOUS ORGANIZATION). The team only designs SMART CONTRACTS, but the day-to-day technical operations are controlled automatically by the algorithms written in SMART CONTRACTS there is no entity controlling it, we used to call DeFi is DAO (DECENTRALIZED AUTONOMOUS ORGANIZATION). The team only designs SMART CONTRACTS, but the day-to-day technical operations are controlled automatically by the algorithms written in SMART CONTRACTS there is no entity controlling it, we used to call DeFi is DAO (DECENTRALIZED AUTONOMOUS ORGANIZATION). The team only designs SMART CONTRACTS, but the day-to-day technical operations are controlled automatically by the algorithms written in SMART CONTRACTS
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 party. Well, with this platform, these unbanked people can finally enjoy financial access
Plastic Finance Mission: We promote a circular economy by improving recycling systems. Plastic Finance focuses on recycling plastic by increasing the productivity of scavengers. We do not disrupt the waste value chain; instead, we add value to the value chain to benefit all parties. In addition, we support a tree replanting program to remove carbon from CO2 pollution, further strengthening our commitment to a circular economy.
We empower the waste community so that they have a higher social status in society. Plastic Finance aims to empower the waste community. We focus on activities that will increase their self-esteem, which increases their productivity and well-being.
We democratize access to ESG investments. Our efforts to enrich the recycling system and empower the waste community can be sustained and expanded with the help of the investment community. With DApps and DeFi, we are democratizing access for everyone to take part in the global mission of recycling and empowering
Solution: Blockchain technology and stablecoins can play an important role in streamlining the financing of the plastic recycling industry, empowering the waste community, and becoming a model for ESG investment. we propose three pillars of solution: promote transparency of waste prices through tokenization Economic and social empowerment for the waste community through DeFi Ensure the sustainability of this movement through security tokens and run this project as an ESG investment model Using smart contracts, we tag every type of plastic waste and create internal exchanges, so that everyone in the chain waste supply can have easy access to monetize plastic waste. Blockchain This technology provides more transparency in price formation and can be used as a tracker for better waste management. Next, we create DeFi DApss so that waste can be turned into assets. deFi will enable scavengers and communities to gain access to funding to increase their productivity. Lastly, governance tokens that also function as dividend tokens will ensure the sustainability of this circular economy model. by making this model an ESG investment, we can increase its potential for wider adoption worldwide.
Token Sale Address: 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB
Total Token Supply: 23,900,000 PLAS
Profit Sharing Plan
Plastic Finance distributes 10% of dividend income per tonne per day to green the project. Recycled ash crush can be used for 500-1280 teak trees to buy plant seeds.
Plastics Financing through MRF takes the circular economy stream one step further by allocating a number of tree planting programs (in collaboration with certified farmer organizations such as SINERGI FOUNDATION) for each amount of plastic recycled, allowing token holders to choose three. solve problems simultaneously. At the same time, carbon sequestration through plastic waste recycling, community cleaning and financial inclusiveness and tree planting.
One tree can contribute to the sequestration of 10Kg of carbon dioxide per year, so this initiative will contribute to the decarbonization potential of 21,000-40,000 tons of CO2 during its three years of operation.
Roadmap
Token Sale
TOTAL OFFER: 23,900,000 PLAS
GENERAL SALES AMOUNT :2,000,000 PLAS @ USD1
EARLY CONTRIBUTORS: 7,300,000 PLAS locked for up to 27 months
Total Hardcap Public Sales = $2,000,000,- (can be planned to be IFO if pre-sale and private sale are successful)
Total Hardcap: $ 3.950.000
PLAS price calculation is pegged to USD value
Conclusion
Plastic Finance focuses on recycling plastic by increasing the productivity of scavengers. Plastic Financing does not disrupt the waste value chain; instead, they add value to the value chain to the benefit of all parties. In addition, we support a tree replanting program to remove carbon from CO2 pollution, further strengthening our commitment to a circular economy.
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